can I revise the belated return filled for the DAY 2017-18

Hello

I filled ITR 4 for Insurance agent under Nature of business (301 - General Commision Agent) Under the provisions of Section 44ADA. But IT dept said 44ADA is not applicable to the applicant.The nature of business disclosed in SCh NOB is not a profession. Hence the provision of the sections are not applicable and make it Defective. please guide me with correct section to file Insurance agent ITR.

Thankyou

Dear Experts, Some of employees in our company are taking salary about 15000 to 17000 per month and they do not want to take salary in Bank and want to take in cash only. Sir, is it possible to give salary to those employees in 2 parts between 1-7 of following month i.e. 7000 in ist part and remaining in 2nd part. Please advise. Regards, Rakesh Sharma

Dear Experts
I have filed my return for the A.Y. 2016-17 on 24.03.2017 which is rejected by CPC for due to unsign acknowledgment send. therefore please suggest me now how can I file my ITR against for the same A.Y.

Dear Sir,
Pls define me what is 27Q in TDS and in which case we deducted TDS under 27Q.

Hello Everyone

Need your valuable guidance

My father bought a property in 1992, the agreement value of which was INRXXXXX/-

This property was constructed in 1975.

Due to my fathers demise now we are selling off this property in the F.Y. 2017 & the agreement value of which is INRXXXXX/-

Do I have to pay long term capital gain tax on the amount received from the sale of this ancestral property?

If yes how is the calculation please assist me on this.

Also how much amount I need to invest in long term capital bonds to avoid the payment of long term capital gain tax

I am really really really very thankful to this forum & all the persons associated with this forum who keep on sharing/replying their valuable & useful knowledge, feedback & thoughts.

It indeed gives me a privilege at times when my accountant is lost or unaware of something & I correct him using the help of this forum.

The replies to my queries in the past have helped me solve my issues swiftly which my accountant was totally unaware of.

Many Thanks in Advance

tell me the bonus treatment for computing business income??

Hi Expert,
1) A person had no residential house in his name.
His daughter gave him money & he purchased an apartment in his name in year 2011.
IT return was filed by the person in 2011.
Any need to mention about the purchase of apartment in the IT return for AY 2011-12?

2) Would the amount given by daughter to buy house treated as the father's
income in FY 2010-11 or just a transfer of money?

Thanks!

can we pay salary to partner on monthly basis

Dear Sir
well and Individual Professional income is Rs 4,00,000 and not intended to adopt Presumptive Taxation. If shown income less than 50% of Rs 4,00,000/- Say less than Rs 2,00,000/- whether tax audit U/s 44AB mandatory
I intend to file ITR -3 having all bills and details for income & expenses.
Assuming the same facts, Status of Firm