Assessee is having 4 residential house and shown income from house property for all the property. In this year he is selling 2 house and retain 2 house. LTCG on sale of these two house is utilised for purchase of another 1 house in the same year. Is this LTCG eligible for exe u/s 54

while submitting company itr covered u/s44AB ca M No and firm registration no should be entered in return. when we are filling both the field and tried to file online, errors message displays incorrect firm registration no. but it was written ok. is there any specific field of certain digits , kindly see and tell me so that necessary correction can be made

since the TDS arrived at is divided by 12 and the resultant figure is deducted monthly from salary of employee, but if the employee takes leave in any month, will the TDS figure change. if so how is this calculated. please anyone reply asap. Thank so much

I file my income tax filing for the year 2015-16 in March 2017. Due to incorrect form choosing. Returns have been invalid from not giving an answer to Section 139 (9) notice from Income Tax Department. Please suggest me what to do now.

Dear Experts,

We are buying property from 3 sellers , out of those 2 are NRI & one resident.My query is i should deduct 20.6% by taking TAN no. for both NRI's and for resident @1% by filling 26QB.

Is it right .can both NRI sellers get the certificate from ITO by computing capital gains and asking me to deduct at lower rate of tax. What document i need from them to deduct lower tds ??

Thanks in Advance

Hi ,

I have submitted application to opt for composition scheme. Unfortunately, I couldn't provide the OTP generated for EVC.

Now, under View my Submissions, it shows only GST-REG-26. Under Saved application, it shows, No data. When I am trying to apply again, it shows, You Already Have a saved or submitted application, please check in User Services ->My Saved Application or View My Submission.

Please help me with this.

DEAR SIR,

MY CLIENT IS A BUILDER (PARTNERSHIP FIRM) THEY HAVE STARTED CONSTRUCTION OF A COMPLEX IN 2015-16 BUT THEY HAVE ONLY PAID EXPENSES NOT SALE ANY PROPERTY SO THE EXCESS AMOUNT OF LOSS WE HAVE CARRIED FORWARD TO NEXT YEAR 2016-17. BUT IN YEAR 2016-17 THEY HAVE SALE SOME SHOPS BUT THEN ALSO AT THE YEAR END THEY CAN'T SET OFF ALL LOSS DUE TO NON SALE OF PROPERTY.
MY QUESTION IS THAT DO I CAN SHOW LOSS AFTER SET OFF PROFIT OF THE F.Y. 2016-17 ??
DO I NEED TO GO FOR TAX AUDIT IF I DON'T SHOW GROSS RECEIPT U/S 44AD @ 8 AND PAY TAX @32% AS A PARTNERSHIP FIRM TAX...???

KINDLY HELP.

THANKS IN ADVANCE

Dear Sir/Madam I have migrated from Service Tax to GST and got my GST Certificate also. But my turnover does not cross 20lakh. Do I need file GSTR3B since I have not charged GST in my July service bills.

I have a bus which is given on hire to a company for carrying school children. I receive Rs.5000/- daily as hire charges. The fuel cost is paid by me. My annual receipt will be around 7.00 lac. Am a liable to get registered under GST ? If yes, what GST rate I will to pay to the govt. ? Please advise me accordingly.

1. Is there any other duty to be paid for Exporters apart from IGST while exporting goods.

2. How to get/apply for BOND/LUT and it should be applied for every export or once. Is there any conditions for getting that. To whom it should be applied.

3. Can exporters claim Input credit for their purchase along with the IGST they paid.

4. How to claim refunds in case exporters who are exporting regularly basis(ie. daily).

5. Is there any other options to export goods without paying IGST and LUT/Bond.