Please tell me which ITR to be filed for House wives who has income from bank FD interest more than 1,50,000/- per annum, but below Rs. 2.5 lakhs. Is it necessary to file ITR? She has no other income. These FDRs are startinging from year 2007 amounting Rs. 1.5 Lakhs and adding lumpsump amount Rs. 100,000/- per year received from husband. Now this amount is Rs. 18,00,000/- approx in june 2017 in the name of wife. Her husband filed his ITR regularly since 15 years. Husband filed around Rs. 4 Lakh ITR from last 3 years.

Suppose there is 'A' who is having a land acquired on 01.01.1982 for 50,000 . He sells that land on 01.01.2017 for 2 crores. Now, suppose the capital gain arises is 1.9 crore. If 'A' wants to buy another land for 1.9 crores for claiming exemption in capital gain u/s 54F. If he purchases this new land in the name of his son 'B' to save the stamp duty cost which would have occurred later on during transfer. Then, will this impact 'A' to claim the benefit of Capital Gain exemption u/s 54F.

one of my client is supplying tiffin on very small scale, he do not have taxable income
...and some intrest income also exist.....which itr i should file....for ay 17 18.....plz suggest asap...thank you

how to alteratiom in gst emrollment after final submission?

Sir,
I don't understand the concept of Green shoe option. How it's possible for the book runners to purchase the shares at issue price from stock market when the price rises?or Does it mean the company will allot them new shares at the issue price or something else?

Sir/Maam,
I have to give some amount to my two three friend which I borrowed from them in my sisters wedding. Total amount is around 3 Lacs. How can I re-pay then so that we all do not fetch any tax complication.

I got all the amount in cash from them

Dear Madam/Sir, This is sandeep, i like to ask you that i have registered for IPCC through direct entry scheme in the year 2013. I have completed the orientation programme as well as itt programme conducted by icai branch. But i have quit the CA course due to some personal problems as i have completed 8 months of articleship. Now i have decided to complete the CA course under new syllabus 2017 through direct scheme, whether it is possible to change old direct entry scheme to new direct entry scheme, and i want to know whether the gmcs and oreintation programme is excluded under new syllabus 2017 for direct entry scheme.

Dear Experts.,

Partners salary, remuneration, interest allowing provision has been removed from the AY 2017-18 u/s 44AD...!!!

My Doubts are...,

Can I file ITR FY 2016-17 for Partnership firm and provide Remunaration...
If Books of accounts 'Maintained' and Without Tax Audit...?

Thanks & Regards

P.M.Raja

my employer not show children education allowance and medical allowance in form 16. Can i claim medical allowance of rs. 15000/- and children education allowance rs. 1200/- in itr for f.y 2016-17 and claim refund?

Dear Sir,

I am a professional & bank valuer. Most of the times, banks/branches ask us to carry out a certain valuation of property. We carry out the assignment & submit our report & bill to concerned bank/branch.

1. It sometimes takes 3-6 months for the payments to be received. In such cases, how do we pay the GST for payments yet to be received?

2. In few cases, we never receive the payments at all after passage of certain period, as the bank/branch says, the loan account went bad, or the loan case could not be processed due to some reason, etc. etc. For such cases, where we do not receive any payments for services rendered, why & how do we pay the GST at all?

3. We also render engineering consultancy services. Some times when we raise bill after completing certain quantum of work, the payments are recd. over a span of 4-8 months. How do we pay GST in such cases? Sometimes the client asks us to settle for a lesser amount as per the bill raised. In such cases, how do we pay the GST?

Please clarify all above doubts. I believe that for professionals, the GST should be payable on receipt amount instead of billed amount, as was being done previously with service tax.