is tds applicable on LTCG u/s 112A ,if yes who will deduct tds??

Sir the book profit is Rs 2,69,555 in such case how to workout the remuneration to working partners for the Ay 2017-18. Further I would like to know how to workout interest on capital. Interest on capital should be on opening balance or on closing balance. Please guide me and oblige.

Certain taxpayer was a resident individual during (“assessment year”) AY 2017-18 as per income tax Act,1961. As per the new requirement, the taxpayer is required to link his Aadhar no with his Pan to complete the online return filing for AY 2017-18.

It is pertinent to note that the taxpayer had left India on 26 Dec 2016 for employment on a work permit. Accordingly, the tax payer was not in India from 27 Dec 2016, except for a short visit from 24 Jun 2017 to 08 July 2017.


As per the AADHAR Act, minimum stay of 182 days in India in the preceding 12 months as on the date of application is required for anyone to be eligible to apply for an Aaadhar card. As of date the the taxpayer’s eligibility to apply for Aadhar card is to be verified with reference to his stay in India in the 12 months preceding 31 Jan 2018

From the facts of the case of taxpayer, it can be observed that the taxpayer was in India for less than 182 days in the 12 months preceding the date of application for Aadhar card .Therefore, the taxpayer was not required to apply for Aadhar card.

Accordingly, the tax payer is not required to obtain Aadhar card and therefore is unable to upload return for AY 2017-18. Can he do physical filing .

hi i want to learn efilling of tds. plz tell me how i ll get know everything about tds filling process. thanks in advance..

Dear sir

My client who is registered under Kerala Cooperative societies Act , who received a notice from income tax stating that your balance sheet shows EPF liability hence the deduction claimed in the respective year by way of EPF should be reversed and deemed to be income. The party has submitted ROI. Is there any provision/case laws which i can refute the same.

I Got Mail
Therefore, it is advised that you may ascertain your tax liability for AY 2017-18 and file your Income Tax Return (ITR) without any further delay. Last date to file your return for AY 2017-18 is 31st March 2018. However, you are advised to file the Income Tax Return much before the last date to avoid last minute rush.

Please note that the law has changed and ITR for AY 2017-18 CANNOT be filed beyond 31st March 2018.

Is it true?
Last date for filing ITR for AY 2017-18 is 31st March 2019. but in Mail I can't file ITR after 31st March 2018. Is it True or Not?

THE "A" ASSESSEE HAVING TWO SON VIZ "B" AND "C"

THE "B" IS STEB CHILD OF "A"
THE "C"IS ADAPTED CHILD OF "A"

"B" AND "C" RECEIVED GIFT OF RS.1 LAC IS FROM THEIR FATHER "A"

THE QUESTION IS TAX ABILITY OF GIFT RECEIVED BY "B" AND "C"FROM THEIR FATHER "A"

THE WORD BLOOD RELATION WILL APPLICABLE TO THE SONS OR NOT

Dear sir/madam

If no tax has been deducted since financial year 2016-17 and even if such expesnse was claimed as business expense in that year without deduction of tds and on this matter no query has been raised by auditor in the financial year 2016-17.But now in the financial year 2017-18 the auditors raised query for this matter.

Then in such case in the financial year 2017-18 it is mandatory to deduct and pay TDS for both year i.e financial year 2016-17 & 2017-18 or it is sufficient if we deduct and pay tax for the financial year 2017-18 only and ignore the tds of financial year 2016-17.


Thanks in advance................

Hello

Is set off of the carried forward losses of the previous years are possible against the demand raised by the ACIT in assessment proceedings.



Thanking You.

Dear Experts,

previously i am not registered under any act but as GST introduce we got registration in august 2017 but before aug we are not registered and no books of accounts are maintained but after implementation of GST we are liable to make books of account. now the question is in which itr form this return should file or separate return file for unreg. or for registered both. i am proprietor in this case.
in itr - 3 can both business can be shown one u/s 44AD (where no books of accounts maintain), another one with proper b/s and p&l.


Regards,
Sunil Kumar