Dear Sir,

I Have taken loan from various bank and Non Banking Financial institution and also paid more than 25 Lakh Interest All amount of loan used for purchase of Agricultural land, weather compulsory deduct TDS on which interest paid to NBFC, I am under Audit and Also i am taken TAN No,

please advice as per indian income tax section 56 (2) which said gifted income more than 50000 or property is taxable in the hand of receiver but that clause shall not apply to any sum of money received from any relative...again that section specified "relative means": a. spouse of the individual b. brother or sister of the spouse of the individual c. brother or sister of either of the parents of the individual d. brother or sister of the spouse of the individual e. any lineal ascendant or descendant of the individual f. any lineal ascendant or descendant of spouse of the individual so need yur advice will that money which i have received from daughters (they are Minors, & they are revived from their mama, mami, nani ) is treated as gifted money and sure receiver have not to pay any tax on that money... second thing what is clubbing provision ..will it be applicable in my case because i will invest it fixed deposit

Sec 194IB says rent payable by an individual or HUF is liable to deduct TDS @ 5% on rent of Rs. 50,000/- or more per month wef 01.06.2017 and it is applicable to Individual and HUF even if no Tax Audit.

My query is whether Sec 194IB is applicable to individual or HUF who is having business income and are liable for tax audit U/s 44AB in previous year.

Thanks in advance

Date of start registration for new user under GST

can widow be karta of huf where there is major male member in the family after the death of her husband

Sir,
First Time I had sent my Registration Form Without Additional attachments like ipcc marksheet..later knowing that fact i had sent total required documents along with the photo copy of Registration form on 11th march 2017 and it delivered on 17th march..till now i didnt get any intimation from our Institute...please guide me what to do...

Sir,
A client has deposited TDS amount of Rs 120000 twice by mistake in FY 09-10. At the time of filing TDS return, claim of Rs 120000 has been taken but the other challan of the same amount has not been used till date.
Now I want to know whether he can claim refund of excess amount or is there any other way to adjust this amount in future liabilities.

the section 162(1) is important for the purpose of examination?
I was read this section but could not find anything important

My total Turnover is Rs.27.00 lac during the financial Year 2016-17. Out of which, I have received Rs.25.50 lac vide cheques and 1.50 lac remaining receivable..May I declare income @ 6% on Rs.25.50 lac and 8% on Rs.1.50 lac u/s.44AD ? The outstanding amount of Rs.1.50 lac has been received by me in April,2017 vide cheque.

Hello All,

I have doubt in GST, UGST is levied on all intra state transaction & CGST & SGST is also levied on intra state transaction. please clarify on this how it is different.

Thank you