Respected Sir/Mam

One Resident Welfare Association which is registered as society but having PAN as "Trust" receive membership fees from its residents and used the same for the development and maintenance of the society. The said society/Trust is not Registered u/s 12A/12AA/80G.
In the F.Y. 2017-18, It had surplus of Rs. 300,000/- which it will use the same in future years.
My Query is:- 1. Whether the above said surplus will be taxable to keep in view principal of mutuality?
2. Which ITR it fill for A.Y. 2018-19?
3. How it shows its Income-Expenditure a/c in that form if the same is not taxable?

Please give reply with help of relevant section/portion of Income Tax return forms.

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

The net total income is more than 10lakh including agricultural income of Rs. 560000. Because of the agricultural income, the other taxable income is taxed at higher slabs. Can expenses incurred to earn exempt agricultural income, such as salary, be deducted from agricultural income to reduce it and lower the tax liability ?

CAN ANYONE SEND ME PROJECT REPORTS IN EXCEL FORMAT FOR (PMEGP) SCHEME
PROJECTS :- TENT HOUSE & DAIRY PRODUCTS

Dear,

I am a fruit dealer, I received all my sale receipt through cheque. what i does , i withdraw all my sale receipt through bank through a bearer cheque in the name of my brother and pay the cash to agriculturist.

whether i have to show any amount remaining in the name of my brother in my balance sheet.

We are a pump dealer. We have to issue a credit note in the month of august (the item is Pump) but we have not sold any pump in the month of august. We have chosen monthly return filing under gstr-1.

there is no other sale in the month of august. turnover for the month of august is zero

My question is how to show that in hsn summary in GSTR-1 as it does not accept negative stock.


Further how to show that credit note in GSTR-3b as it does not accept negative sale.

Please reply !!

While filling challan SGST Amount was mistakenly shown in CESS and challan was paid

Please tell me What is the remedy now ?

Respected Sir / Mam,

My new client had taken registration under composition scheme and not filed single return from July 2017, Now he requested me to complete backlog. He is CONTRACTOR and service mentioned in registration is works contract for which no composition scheme is allowed.
Now I cannot opt out from composition retrospectively.
Please suggest solution.
Thank you.

Case: A loan is obtained to construct a house property of 4 floors, one floor occupied by the assessee, other three are let out.
can assessee claim deduction under section 24 under both self occupied upto two lakh and balance on let out property?

As per the rules, one cam gift to the relative any amount without any restriction.
Will sec 269ST limit of Rs. 200000/- will be applicable in this case??