Dear Experts, Is it mandatory to maintain physical copy of Invoices? Cant it be maintained in softcopy? Can any1 please share the section reference as per company act & Incometax act. Thanks In Advance

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My Question is ,
1) Which ITR form is suitable for mobile recharge retail business? And which category (Business or Other Source) income is it?

Hello friends... One of my relative has agriculture land in rural area since 1971 of Rs. 1500/-. Now he sold this land after converting from AGRICULTURE LAND to NON AGRICULTURE LAND in 2016-17 and sold out in Ten purchaser in small plot @160000/- Per Plot for use of residential purpose. it means it is a short term capital gain i just want to know that what is the cost of acquisition i will be taken for filling of income tax return. if it was fmv as on the date of conversion then from where i was get the FMV.

My email id is casunilagrawal@yahoo.com

can i get input from flight ticket, input available in 2A

Mr.X & Mrs.Y both husband and wife, are co-applicant (50% each) to a housing loan
But flat purchased is registered only in the name of wife
So can deduction of interest be claimed by both in the proportion of 50% each ?

Is it covers GST ITC also??

During FY 2017-18, ITC was claimed excess in 3B than actually allowable, now what is ideal situation 1. Pay tax in cash through challan in annual return equal to excess amount claimed.(not to give any effect to credit ledger ) 2. reverse excess input tax credit in GSTR 3B (even if we reverse excess tax credit in than also we have sufficient tax credit so we need not to pay tax in cash i.e we have total itc of rs 200000 out of which if we reverse rs 50000 than also we have sufficient balance in credit ledger) ??

IS IT NECESSARY TO FILE INCOME TAX RETURN OF DECEASED ASSESSEA FOR A PARTICULAR AY?

Whether Turnover includes Incentives received on purchased of material as per target for income tax purpose ??

1) IF ANY INCOME FROM ONLINE MONEY TRANSFER OR ONLINE PAYMENT BUSINESS OR CASH BACK OFFER, THEN CAN I FILE INCOME TAX RETURN IN ITR 4 ?
AND
2)CAN I SHOW THE TOTAL AMOUNT OF TRANSFER OR PAYMENT AS TURNOVER?