P AGRAWAL
29 July 2017 at 18:43

taxation of individual

x an individual left India on 10.08.2016. for work in abroad, I want to know whether his salary from offshore during August 16 to Mar17 is taxable in India, for assessment year 17-18

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Arvind
29 July 2017 at 18:10

Which itr for fy 2016-17 (urgent)

Hi Expert,

If individual salary income is more thank 50lakh+ some Bank Interest, then which ITR need to be file for AY 2017-18, kindly guide its urgent

Thanks

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Rakhi Rawat
29 July 2017 at 16:24

Epf

sir I am trying to file my ITR 1 but I have few confussion , these are :
1. EPF interest (employer share + employee share ) : Where to show this amount other sources or Exempt income for reporting purpose.
2. shall I have to show EPF employee contribution under section 80 C .

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Ravindra Kumar
29 July 2017 at 08:02

Itr1

Dear sir

I did not sent my HRA and LIC receipt to my employer. So same were not reflected in my form 16.

I filed ITR through clear tax and shown both figure. Now I got letter my income tax department that my ITR and form 16 are not matching.
Yesterday I asked solution on CAclubindia expert and they suggested me to tell fact to income tax department. Kindly inform remedy in detail.
Thanks

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Anonymous
29 July 2017 at 00:03

Professional income

Respected sir
Our client is Practising Doctor and income is near to 30 lakhs

If he don't go for u/s 44ADA and file itr 3

And show less than 50 % profit

Is there audit required ??

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Anonymous

Whether Total cash balance for Presumptive income should include both cash in hand & bank balance or only cash in hand?

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Jayaram Damodare
28 July 2017 at 21:57

Return 15-16

If I file income tax return of 15-16 with tax payable in current date I liable to pay penalty of Rs 5000.

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CA. Abhishek A. Sawant

Suppose for AY1-18 i (individual) hve suffered a speculation loss from transaction in Futures n options. if i want ti claim loss then will tax audit be applicable?

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afzal
28 July 2017 at 00:17

F.y 2015-16

Dear sir, I have a doubt that if an individual has annual income of Rs. 266320 and has Yes with Rs. 8114 and one of tax Consultant has filed a return ITR4S on 26.07.17 with refund of Rs. 8110.

I have asked a question to the Consultant as per It slabs Rs.266320 is taxable on 16320 with 10% I.e., 1632 will have to pay tax. But he stating that less than 5lacs slab is 270000 for fy 15-16 and fy 16-17 is 300000 is it correct or wrong plz, revert as soon as possible plz.

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Anonymous
27 July 2017 at 23:42

Query about u/s 44ada

Respected sir
My client is Doctor and he Received Professional income from Hospital and TDS Deducted u/s 194J
As per 44ADA assessee can claim Benifit if Shows 50% of gross receipts and does not required audit and Maintained Books of Accounts

Now My Question is if I don't go for Presumptive u/s 44ADA and I show income less than 50% of gross receipt , Can I do that , is there any condition or any critirea for this..

He Received gross amount I.e 6,50,000 and TDS Deducted 65,000 rs.

Which Scheme is Better for him for Claim Maximum amount of TDS

Kindly answer

Thanking you


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