one of my client is running educational institution under trust, but PAN card is registered under AOP.
AOP is paying salary to one of its member.
Total receipt is less then 1 crore.
MY QUERIES ARE
-whether aop is eligible for exemption u/s 10(23c).
-if yes, then what to do for claiming exemption
-as salary paid to member of aop is disallowed, then profit after diasslowance of salary is exempt or before disallowance.

Dear Professionals,
My father works in PSU, in the year 2015-16 he received an arrear salary of around Rs 400000. In his form 16, relief u/s 89 was claimed and accordingly tax was deducted by the employer and tax payable by him at the time of filing the return was nil. However I received an intimation U/s 143, wherein the relief was denied and a demand of around Rs 35000 was raised. When inquired I came to know I was required to file form 10e along with the return. My query is can I file 10E for A.y 2016-17 now. If yes will the demand raised by the dept will be nullified and the process of filing it.
Kindly revert back as soon as possible

I have registered myself under "Business User" in MCA. Now when I am trying to create my account under registered user, it is showing me following error:
"•BP role ZREG already exists for partner 90056023"
Please help to resolve the same.

1) my father is teacher in goverment school in march his school fills 12 c form and deducts tds from salary by tressory itselfBut tds not showing in pan card what to do and how can i file itr ?

In continuation t my previous query even though I have paid custom duty in the month of aug can I claim the credit in july ad adjust that igst input on imports against liability for the month of july since I have booked purchase In the month of july and paid custom duty In the month of aug

pl advice asap

Can sundry creditors be paid in cash in tax audit case??

We have imported goods in the month of July. But since goods have been cleared in the month of Aug we have paid custom duty in the month of aug and its corresponding igst in the month of aug. Since we have undertaken high sea sales in the month of july itself we have booked purchases in the month of july . will I be able to claim the credit of igst in the month of july or agu . wats the correct month in which I can claim igst credit.

I am buying my second home and wants to take loan from my mother instead of a bank. But i want to pay her monthly interest just like i have to pay the bank. In this scenario, can i claim the tax on rental income for the interest part that i pay to my mother on monthly basis ?
If yes, what kind of loan agreement need to be made with my mother ? I guess, necessary documents need to be produced while claiming the tax on rental income during IT returns

Dear Sir

My father in law had constructed 4 floors and gifted each floor to his 3 daughter's in year 2012 and in one he is himself staying. My wife also the recipient of the floor via gift deed in year 2014. In the year 2018 my wife sold the property in June 2018 at a consideration due to finance requirements .

Kindly advise if the proceeds are taxable as per law since the property was inherited.

If yes what is the way to save tax.

Thanks

Suppose my net profit is 50000 after deducting depreciation of 2% and my net profit ratio is 8%, now while filing of return I have claimed depreciation @10% and my taxable profit goes down to 30000 and my net profit ratio goes below 8%.
Please guide whether my approach is correct. Also please suggest whether there is need to book deferred tax and in this case am I liable to tax audit.

Please guide experts..