HI SIR...
THERE IS A NEGATIVE CASH IN TALLY FROM APRIL TO FEBRUARY IN F.Y. 2014-15 AND ALSO F.Y. 2015-16. AND ON THAT PERIOD INCOME TAX RETURN WAS FILED. NOW I RECEIVED A NOTICE FROM INCOME TAX DEPARTMENT FOR CASH TRANSACTION. AND THE INCOME TAX DEPARTMENT REQUEST FOR CASHBOOK AND MONTH WISE TOTAL OF CASH THEN SIR HOW TO ADJUST THAT NEGATIVE CASH AFTER FINALIZATION ITR. HOW TO SHOW CASHBOOK TO INCOME TAX OFFICER.

EDUCATION INSTITUTION U/S.12A Registered, ITR 7 schedule ER and EC Source of Revenue Expenditure and Source of Capital Expenditure respectively, how to fill this schedules. For example Trust having Object of Trust Income Rs. 3700000 and Donation received Rs.1000000 and having Revenue Expenditure Rs.3000000 and Capital Expenditure Rs.800000.Now, the question is how to fill Source of EC and ER. Please Advise and need expert opinion in this regard.

Whether secretarial standards issued by icsi applicable or to be followed by CAs?

Dear Sir,

If we make payment in cash for some expenses then we need to deduct voucher or take sign of receiver on bill ?

Hi Expert,
Our company had change Registered office from Mumbai to Delhi, therefore we had change our TAN also and taken for Delhi state TAN number. we had paid all due and returns for our Previous TAN (Mumbai base).

Now first time we are deducted TDS and need to be file TDS return with new TAN number(Delhi base), My query is:
# While making TDS return, they are asking two option "
Option 1-has regular return filed for Form 26Q/24Q earlier: Yes/No
Option 2-Token No. of Previous Regular return:.................

Should i Make yes or No in Option 1
Should i Put Previous regular return token Number (which was mumbai base TAN return)

Please advice for the same.

Thanks

One of my friend is doing business of fruits saller ,His business is of unique nature, he is a fruits seller, use to get fruits from Farmers and sale it in market.
Collect the sale consideration in cash and deposit it in his own bank and after keeping his own commission send sale consideration to Farmers through NEFT.
His commission is 9 lakh but has to make some expenses out of his commission like truck fair etc.
Cash deposit in his bank is about 1 crore and 36 lakh.
His actual profit after making all expenses from his commission is about 3 lakh.
Know if he treats his business as commission agent then he have to pay tax on 4 lakh 50thousand but in actual his income is less.

What is the best way to treat this case as per income tax point of view.

Sir I have already availed income tax facility for one flat and one row house . I want to sell my old row house for 30 lakh , which I was purchased 15 years ago for 8 lakh . With this capital of 30 lakh and another home loan of 30 lakh from bank/financial institute , I wish to purchase a new bunglow for 60 lakh rupees , please tell that whether I,m eligible for income tax rebate and yearly interest paid upto 2 lakh and if yes then please mention under which section?

Hi
Is there any list of goods & services on which GST input cannot be claimed?

Also i have a query:
Whether GST paid on electrical fittings, such as Cables, Switches, NCB, and other electrical consumables meant for repair of existing electrical fittings shall be available for ITC?

A non business person making payments to a resident contractor for the construction of his house.
From April 2019 onward his total payments amount to 60 Lakh and after 1st September only 20 Lakh.

194 M applicable to entire amount ?

194 M applicable from 1-9-2019. Whether we need to consider payments from April 1 onward ?

When EPF is withdrawn before 5 years, from the past Q&A I've gathered that the Employer contribution and its accumulated interest should be shown under the head salary. Specifically under "Profits in lieu of salary as per section 17(3)" Is this correct?
member contribution where 80C benefit was not claimed in the previous years is not shown in the ITR ?
Show revised income tax for previous years in form 10E and claim relief under section 89(1). Is this correct?
Please advice. Thanks