Dear Sir,

I have a transportation business. I hire vehicles from unregistered person for telecom goods (pole, battery, DG etc) delivered as per customer requirement in West Bengal. Unregistered vehicle Owner do not charge GST as well as I do not charge GST to customer. Customer is a mother concern the I do not charged GST. KIndly advice actual.

Thanks & regards,
RAJU DEY

hi,
I done my Income Tax Audit For Assessment Year 2017-18. Now Can I File My IT Return U/s 44AD (ITR-4 SUGAM)? or mandatory to do audit?

Following is Amendment in Finance Act, 2016
Following sub-sections (4) and (5) shall be substituted for the existing sub-sections (4) and (5) of section 44AD by the Finance Act, 2016, w.e.f. 1-4-2017 :

(4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).

(5) Notwithstanding anything contained in the foregoing provisions of this section, an eligible assessee to whom the provisions of sub-section (4) are applicable and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.

Pls give examples for Prepaid income and Provision for income.

I wanted to know since if i dont want to claim itc for a fixed asset purchased, i just want to claim depreciation, should i not show it in gstr3b then

I have a client who wants to start a new gym business. I require a project report on gym for bank loan purpose. The project cost is around 7-8 Lakhs.

I have offered a rental income, for which i have also claimed interest on housing loan of Rs.3,43,000.. in the new ITR exemption limit shows Rs.2,00,000 and balance Rs1,43,000 is being carried forward for next AY. Have they changed any Act in this regard?

Thank you,

CONFIRM FOR F.YR : 2017-18

THRESHOLD LIMIT FOR 44AB AUDIT ----
THRESHOLD LIMIT FOR 44AD AUDIT ----

THRESHOLD LIMIT FOR GST AUDIT ----

I HAVE MADE MISTAKE IN GSTR1 FILING. I HAVE SHOWN ZERO RATED SUPPLY IN GSTR1 SERIAL NO.7 B2C OTHERS AND ALSO SHOWN ZERO RATED PRODUCT IN SERIAL NO.12 HSN SUMMARY UNDER 0 RATED OUTWARD SUPPLY WITH HSN CODE. BUT FORGET TO ENTER THE SAME DETAILS IN SERIAL NO.8 EXEMPTED ZERO RATED OUTWARD SUPPLY. HOW TO EDIT IT OR RECTIFY IT????

If my business income is more than Rs.2,50,000/- during AY 2018-19 and I have to declare my income U/S.44AD. Am I liable to maintain books of accounts and fill ITR 3 ?
Am I also required to fill Balance Sheet and Profit and Loss a/c in ITR 3 ?

There is a SALARIED individual who also done a small professional work in a firm.

The firm paid Rs 900 to the individual and deducted 10% tax u/s 194J.

This is reflected in form 26AS of the individual also.
Form 16A is issued by the deductor.

Which ITR needs to be filed?