sir i have a prop. businees and i have a trading loss of Rs.17000 rs and turnover around 32 lakh, and other income 35000 ( including sb interest ) , so my total income is below 250000 should i need to audit, because i received notice under 139(9) of defective return plz sir urgent

Is there any exception for full &final benefit of employees by way of cash more than 20000?

Mr X purchases land for Rs 5 lacs in 2005 may Introduces to partnership consisting of him N his wife as his capital for Rs 13 lacs in 2010 September. Revalue the land to 5o lacs in 2012 and further to 52 lacs in 2013. Sells the land on 13.2.2016 for 16.5 crores. how can i Calculate ltcg/ stcg in the firm/ partner. In the example given earlier, the firm constructs a hotel on the land. Investment upto 2012 is 6 crores. Upto 12.2.16 is 12 crores. Upto June 2016 is 13 cr. As per regd agreement dte 13.2.16 to sell the building along with land is 28.5 crores. The door number recd in sep 2015. What is the on gain on building sale?

if my dividend income is rs 1500000 then what is the tax I need to pay

a bill is say 8 lakh. Through RTGS or other than cash, amount of 795,000 is paid. 5000 being paid in CASH........the provisions of TCS become applicable.......but my question is that if buyer deposited 5000 case in seller's account that in case TCS become applicable or not ?

l have filed ITR-4 for A.Y 15-16 to one of our relative as he is maintained books and shown expenses but instead he has not maintained any accounts now I wish to file ITR-4S as he not maintained books, I am in a doubt that by changing the return form is there a chance that my return gets scrutiny.kindly assist me

dear expert,

f.y.2014-15 my client business Total turnover 45 Lacs and file income tax ITR-4 IN 44AA (BOOKS OF ACCOUNT TO MAINT.)

and

F.y. 2015-16 i would like to file itr 4s

so can possible this case

reply urgent

due to non payment of installment my omini car was seized by related officer. so please assist me how I show in my balance sheet regarding this. seized date 05/08/2015.

Hi Everyone....

as we all know we are not required to give Balance Sheet and P&L A/c along with return under ITR-4S

So I Want to know if I file income tax return as per loan requirement through ITR-4S.

Kindly explan :-

1) ITR-4S can serve my purpose for obtaining loan from bank. i.e. May Bank give loan to customer on the basis of ITR-4S

2) ITR 4 must for Loan

Hi Everyone…

My friend is in doing business of purchase of Car and gives it to rent to someone for which he receives rent of Rs. 40000/- p.m. And he does not maintain books of account for hiring of car. He hire currently 3 cars on rental basis.
My Query is:-

1.) In which head income received from hiring of car is taxable.
2.) Which ITR should be filed ? He does not maintain books of accounts.

Please answer the Query…..