Ramchand
16 July 2018 at 19:45

Taxable amount

I have policy of icici prudential life link wealth sp bought in 2010single premium paid 3lacs
sum assured 375000
amt rececived 450000
tds deducted @ 1% u/s 194da

whether full amount of 450000 taxable or 150000being excees of premium paid taxable.

please advise as its urgent


mital
16 July 2018 at 18:30

44ad applicability

IF I OPTED FOR 44AD IN AY 18-19 , AND IN NEXT AY 19-20 IF I SHOW MORE THAN 8% PROFIT, THEN CAN I APPLY SECTION 44AD FOR AY 20-21?


Naresh Mohan Gupta
16 July 2018 at 17:13

Applicability of sec 44ad

I have income from private tuition, bank interest, Capital Gains on equity and speculative business(intraday trading), overall income is negative Turnover is less than 01 crore. Shall I have to get my accounts audited under section 44AD?
Shall i have to file ITR3?



Anonymous
16 July 2018 at 16:18

Interest on tax liability

Dear Sir/Madam,

On what amount 18% interest on Tax Liability to be paid for delayed return i.e., on the entire Output Tax liability or on the balance amount paid by Cash/bank after setting off with ITC.

Thanks in Advance.



Anonymous
16 July 2018 at 14:17

Which itr should be filed

Dear Sir/Madam,

A person is a retainee on a contract basis for 1 year in a company. The company pays him monthly retainership fees after deducting TDS u/s 194J. (He engages in a retainership only sometimes, not regularly)

The said person has also some interest income.

Please let me know which ITR he should file under the Income Tax Act.


BHARAT CHANDRA NANDURU

May I know whether subsidized food provided by the employer to the employees in the canteen falls under GST ambit. Also whether canteen expenses received from the employees comes under GST.


manisha singh
16 July 2018 at 12:27

Attempt of ca final

Hlo everyone,
I am a Ca final student and my attempt is due in may 2019.But till date I have completed coaching of 4 subjects only and I am not able to complete my all coaching till October i.e., 6 months before my exam.I want to pursue for both groups of ca final. So please can anybody guide me whether to give my attempt in May or Nov 2019? And also minimum how many revisions I should give to my whole Ca Final Syllabus for better results.
Thank You


Sonal Chavda
16 July 2018 at 12:27

Donation in iskcon

hi everyone..
Plz guide me someone..
One of my relative is donated in ISKCON rs. 35000 by cheque for the year 2017-18..
Now in Incometax return under which part can i claim deduction..
I want to ask that whether this deduction is eligible as 50% without limit or 50% subject to 10% of Adjusted GTI??
How should it be shown in Incometax utility..? Under which part of section 80G tab?

thank u in advance..
waiting for someones helpfull reply..


Bharat G. Singh
16 July 2018 at 11:53

Advanced account

Why preliminary expenses are considered as post incorporation expenses?



Anonymous
16 July 2018 at 11:30

Appointment of director

Can we appoint a Director In EGM of a Private Company or we need to appoint him first as an additional Director





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query