Dear Sir,

Please let me know, If existing Employee Gratuity Trust, if not having 2 trustees in between. what will be exact consequence as per income tax.

Case is, while carting the trust employer appointed 2 trustees. But, in between 1 Trustee left and after few month new trustee appointed.

Please let me know the consequence


Thank you,
Satheesh kumar P

One of our client forgot to Pay RCM on Advocate Fees of 2017-18. Now in 2019 while he is filling ANNUAL RETURN of 2017-18 he is ready to pay such RCM amount through ANNUAL RETURN (DRC-03). Will he able to take credit of such tax paid under RCM in ANNUAL RETURN ?

Hai frnds,

my client got intimation u/s 245 of outstanding demand for AY 2018-19 . At the time of filing ITR for the AY 2018-19, he omitted HRA exemption and some deductions of Sec80c due which his tax payable is more than TDS. Revision of return is not highlighting in efiling as the due date for revision expired and i think i should not do rectification for ommission. I request to suggest me how to deal with this situation. anticipating early reply Madhavi

Suppose registered person is engaged in trading of raw cotton. he has to collect raw cotton from one farmer to another farmer's location to fulfill his one vehicle and total value goes up to 6 lakhs then after vehicle goes to ginning. how to create eway bill and other documents in this case?

A company has taken a policy for gratuity of employees from LIC. Now the company had made provision in the books for gratuity as per Acturial Valuation. Please guide whether the provision would be disallowed U/s 43B?

Can Advance tax paid by Employee in personal capacity , be paid adjusted against TDS to be deducted of his by the employer , and if yes , under which column can it be shown in form 16 and kindly quote the relevant sections or case studies.

Dear Sir,

I had filed an ITR return where tax audit was applicable. But in the ITR Return the address of the assessee is wrongly mentioned. Can I file a revised return in such case. Tax audit report is the same.

Regards,
Divyesh Jain

Respected Sir,

Please let me know the basic difference between Remuneration & Salary ?

Kindly guide me on this,

Association was registered with societies registrar on 10.07.2018. First Agm has to be kept within 18 months. So, governing body has thought of keeping first agm around 15-12-2019.
One of the agenda is for approval of accounts for FY 2018-19 i.e, 10-07-2018 to 31-03-2019.

Now, the query is since its an association, how to get the auditor appointment letter. Can the association pass a resolution at their working committee meeting and appoint an auditor ?

Is there any rule that within 30 days auditor has to be appointed as is the case in pvt ltd co ?

Can anyone please help me out....

I got salary of Rs. 800000 in the year FY 2018-19 and had paid income tax on the whole amount. In the FY 2019-20 it has been informed that Rs. 70000 has been paid wrongly and therefore would be recoverable. Please explain how I can get the refund of income tax on the recovered amount of Rs. 70000 Besides claiming refund is there any other method so that the income tax paid on the amount recovered can be neutralised in the FY 2019-20.