Easy Office
LCI Learning



Anonymous
05 February 2018 at 22:10

How to know gross turnover ?

Dear Sir ,
I am a LIC agent . I want to file ITR , I know the the tax deducted amount but I don't know the gross turnover or gross receipts .
I want to know the gross turnover or gross receipts ?
Please advice me !
Thanks and Regards !


devpal
05 February 2018 at 21:33

Income tax

Sir, I own a flat jointly with my brother. My brother owns half share in the flat. His share value is Rs. 6.50 lakh. After a family settlement he now wants to relinquish his share in the flat without taking any consideration. I have heard that in case of relinquishment without consideration the stamp duty for the relinquishment deed is taken as the sales price. The stamp duty will be 7% of 6.50 lakh that is 45,500. So, my brother will have to pay tax on this amount. Is this true? If this is not true please advice who will have to pay tax and how much tax will be paid



Anonymous
05 February 2018 at 19:46

Rd maturity and interest

Dear Sir,
One of my cousin have invested in RD from 1st april 2015 @ 6000 per month, the tenure of RD is five years...

So my two questions

1. Is there is any exemption available under 80 c for deposits made in RD

2. In which year the interest component will be taxable because if the RD continues for five years, he will get annualised interest @ 8.4 or if breaks in between interest rates will be lower..

So whether interest should be taxable in the year of maturity to know the exact amount of interest for tax payments


Saurabh Avasthi
05 February 2018 at 19:14

Refund of GST on surrender of GSTIN

if a dealer surrender his registration the tax available in credit ledger will be refunded..?


Saurabh Avasthi
05 February 2018 at 19:05

tds applicability

a cab service company is paying Rs.11000 per month for online server to a IT company ,is there any tds liability???


Ramdas Dhumal
05 February 2018 at 18:38

Export

Dear Sir/Madam

we have manufacturer unit, we can send some goods in england

what is the process EXPORT IN GST

Please any help me

please help me

Regards
Dhumal





CA Chetan Singhal
05 February 2018 at 18:36

Tds

if we purchase property from Debt Recovery Tribunal(DRT) in auction amount exceeds Rs 50 lacs whether TDS will be deducted u/s 194-IA @1%


venkateshwar sharma
05 February 2018 at 18:27

Gratuity

I am working in a private limited company for last 29 years. whether I am eligible for Gratuity.


Saurabh Avasthi
05 February 2018 at 18:09

taxation on LLP

can a LLP Under 250 crores turnover take benefit of 25% rate of tax of corporate tax ???



Anonymous

One of my friend, has retired from employment in the FY 16-17 and his employer has filed the returns for my friend in Form ITR 1 and has deducted the relevant tax amount from the settlement amount of my friend and remitted the Income tax.
But, the issue is that, the said employer has filed the return without considering the premium amount paid to LIC for his and his spouse's policies in the FY 16-17.
Please explain us the proceedure to claim the refund against the said payments made to LIC under Sec 80C

Thanks