Dear Sir,

Our Service tax assessment is going on and department ask to pay service tax f.y. 13-14 for short payment,

But actual it is adjusted with our cenvat credit CENVAT CREDIT ACCOUNT - INPUTS (R. G. 23A - PART II) but we have shown in the return can department will allow the same or we have to pay the service tax amount with Interest

Please revert on the same.

Dear Sir,

How to show the total investment in Balance Sheet for AY 2018-19.
Total Investment is 2.35 Crore as on 31.3.2018.
Opening balance of Investment is 1.95 Crore. (MF & Equity Share)
During the year purchase & sold transaction net of amount 40 Lacs.
How to show current investment & non Current investment in balance sheet of Pvt Ltd Company.
Current Investment means transaction during year. Non-Current Investment means no transaction during year or op balance of investment (No Movement in Investment).

Please advise the same in above matter.

Thanks & Regards

NK

can i give loan to borrowers above 20000 in cash and receive my amount back in cash?

DEAR SIR,

I AM A SALARIED PERSON, RESIDENT OF INDIA. CAN I GET THE DEDUCTION ON TERM POLICY Rs 8000 IN INCOME TAX IN CHAPTER VI, AND CAN I ALSO DEDUCTION ON (80D (B) MEDICAL EXPENDITURE) MEDICAL TREATMENT OF MY WIFE (PREGNANCY) Rs. 53000 HOSPITAL BILL
THANKING YOU
REGARDS
KRISHNA PADA SANTRA

One of my client having retail textile turnover 1620000 nd book profit 360050 and mcx commodity trading turnover 189400 nd book loss 115000 rs rental income also 120000 can I set off losses against business income and file itr 4 under 44ad ??

Hi

Iam a salaried person working in a large pvt ltd company and filed my returns (ITR-2) before the cut off date for AY 2017-18.

Today i received intimation u/s 143(1) wherein the TDS deducted on my salary and as shown in my Form 16 as well as Form 26AS seems to have been ignored and there has been a tax demand raised for the tax already deducted from my salary and interest thereon.

I rechecked my Form 26AS and it clearly shows that all my TDS deducted has been deposited with the government. ( Status: F) .

Can you pl let me know what should i do now.

thanks

Dear Sir
Im paying tax on my income (Tax Rs 22530/-) on a proprietorship firm.

The Challan Filled by my CA shows Interest Column Rs 1350, and Total Tax payable Rs 23880/-

While the Due date is 31/09 and today being 22/08

What other reason is there that i have 2 pay Interest

Please revert

Regards
Sumit

I HAVE 8 HEAVY GOODS VEHICLES (I.E. TRUCK LORRIES) CAN I GIVE DECLARATION TO TRANSPORT COMPANY ON FORM 15-I REGARDING RECEIPT OF FREIGHT WITHOUT DEDUCTION OF TDS. I HOLD PROPER PAN CARD ALSO.

Respected sir
As you know that as per provisions of section 44AD of the Income Tax Act, 1961, we have to show minimum 8% net income of the total gross receipts. In case of a partnership firm, Whether it is Book profit or Net profit ?
My question is that - In case of a partnership firm, whether this 8% net income should be treated after deduction remuneration to partners or prior to this deduction.
Suppose, in above query after deduction of remuneration, total income comes less than 8%, then whether the firm is needed for audit or not ?
Please guide ASAP.

Dear Sir,

I have one query related to capital gain schdule in itr 2

The below information mandatory for genrate xml file

Information about accrual/receipt of capital gain
Type of Capital gain / Date

(i)"Upto 15/6
(ii) "16/6 to 15/9
(iii) "16/9 to 15/12
(iv)" "16/12 to 15/3
(v)""16/3 to 31/3
Regards,
Chirag