1.A Company till now dt: 22-12-2017 has not filed its return and financial statements due to some reasons.Now they want to file IT return.While preparing Audit Report, Is it necessary to include note on Internal Financial Controls in Audit Report.
(Note:Its a Private Company having Turnover less than 50 Crores and Borrowings less than 25 Crores)
2.What are the conditions required for a company to file 3CA and 3CD?

What is form of GST ITC-01?

Hi,

One of our client has agriculture income of Rs.52,50,280/-, but all lands are not in his name. All those lands is in his 2 brothers name and in his father and mother name.
My client is the Elder son in his family, he will maintain the entire family and he has consent from his family for doing agriculture activity.

Can my client claim Agriculture income in his hands.

Kindly do the needful friends.

My source of income is from my business and from house property income, Can i file return under section 44AD , as i have house in which two floor which is let out by me to two different tenant.

when i trying to file ITR 4 for AY 2017-18 it is shown that you can not file ITR 4 if you have more than two house which is let out.

Now my query is whether in this case as i have only one house property in which 2 floor is let out by me whether i can file ITR 4 or I need to file ITR 3.

I AM COMPOSITION DEALER. I AM PAYING RENT OF RS7000 PM.WHETHER I NEED TO PAY GST ON REVERSE CHARGE IF I DONT SHOW THIS RENT EXPENSES IN PROFIT/LOSS ACCOUNT AND TOOK IT IN CAPITAL ACCOUNT?

I have filed my ITR1 on 15th June 2017 and had a liability of Rs.18000. On 20th June this amount had been reflected on 26AS. However I received an intimation U/S143(1) on 18 Aug 2017 for a liability of Rs. 19000 (18000 + 1000 for 234C).

I filed an rectification U/S 154 for mismatch of tax credit and hoping that I would have to pay only Rs. 1000 after rectification. But I received an intimation U/S 154 on 17 Dec 2017 for demand of Rs. 19000 and CPC totally ignored my Tax credit of Rs. 18000.
What are the remedies?
Could I revise my return and also could I revise my return by paying challan of additional Rs 1000 (for 234C)?

Dear Experts,
RCM u/s 9(4) has been suspended upto 31/03/2018 so pls let me know whether GST on unregistered purchase under RCM will be paid or not?

Thanks
Ankur

Dear Sir,

I have submitted GSTR 3B (November Month) on 21-12-2017. But I couldn't file it. It shows the error "Please clear the pending liability first and then proceed for filing".Then i paid late filing fee using create challan. Now my cash ledger shows Rs.20 as balance. But because i have submitted the return i couldn't allocate this payment and file GSTR 3B return. Please tell me what to do.......

For the purpose of tax audit u/s 44AB, Whether T/O should include VAT or not, please clarify the reason if included and if not included........?

Hi,

I sold my flat in Ghaziabad for around 22 Lakhs in Oct 2017. After indexation the Capital Gain works out roughly to 4 Lakhs.
I am purchasing a new flat in Kolkata from a Builder for 11 Lakhs. I paid total 7 Lakhs in Nov 2017 to the Builder. I have collected money receipts for the payments and Sale Agreement signed by the Builder.
I have to file my Income Tax Return by 31 Jul 2018 for the year.
However, Possession of the flat and Registration (stamp duty etc.) will be delayed beyond last date of filing tax return i.e possibly to end of 2018.

My question is the following:
1. Is it Correct that since my capital gain is only 4 Lakhs and I have already paid 7 Lakhs to the Builder for the new Flat, I can go ahead and claim Section 54 Tax Exemption in my income tax return for the year before 31 Jul 2018, even though I will not have possession and registration by then ?
2. Is it correct that in question 1, I do not have to pay any tax on the capital gain due to Section 54 tax exemption ?
3. Is it correct that Possession or Registration (stamp duty payment) are NOT Must for claiming Section 54 Tax Exemption ?

Regards,
Snehashish Ghosh