Is the remuneration received by consultants in India from Asian Development Bank subject to income tax.

Sir,
It assess sales turnover rs:65 lacs sec 44ad profit declared 8 percent rs:5,20,000/ -
.but actual profit amount rs:7 lacs
Question:
Assess difference amount rs:1,80,000/-(rs:7 lacs -5,20,000/- ) treatment undisclosed income in it act.

Bill was raised by "A", a private limited company, but the amount was credited to another private limited company "B". Both private limited companies having the same directors. Will it be an issue? Any solution? Or these kind of transactions can be continued?

i am having a agency and doing telecome related services like recharge in which the turnover amounts to 1,40,00,000 approx but cannot pay 8% if filed u/s 44AD for the turnover and so is tax audit necessary in this case to show a less profit or what are the other possibilities available for me.

please give reference for the basis of your answer thanks.

Dear sir
Staff welfare expenses TDS applicable or not
Expenses will be food expenses and room rent electricity bill hospital expenses
how much limit for expenses cross applicable for TDS

Regards

List of Trust / Societies in AP State / Telangana got registration u/s 35C of IT Act.

If the Proprietor of a GST registered Firm has earned a rental income from a commercial property owned by him. Then whether the GST is applicable on that or not ? Total Rental Income is less than 20 Lacs and there is no income from the Proprietorship firm . Kindly suggest ?

DEAR SIR,

IN GSTR 9C " A" COLOUMN WE WILL SHOW ALL TURNOVER INCLUDING GST. BUT WHAT WE HAVE TO SHOW IN GSTR 9C "O"COLUMN IE...Adjustments in turnover due to reasons not listed above

Hi,

I am getting quarterly interest on Corporate FDs for which some tax is deducted at source.Now i have got some queries related to this:

1) Income from FDs is considered as Income from other source.Is there any way to save tax from these FDs?

2) Do i need to pay tax on FDs at end of financial year or its going to be quartely?

Thanks,
Prabh

Lost the whole amount of FDs from Plethico, Elder, Helios and may lose partly from DHFL FD & DHFL & SREI NCDs. Can we offset this long term capital loss against any LTCG from other asset classes and carry forward for eight years? Do we need to submit any proof to claim this? Thanks