Dear sirs, A Trust not registered under sec 12A having income of Rs 20 lacs for the AY 2017-18 in this case on which rate i have to compute tax liability? either on Normal rate or MMR? and which ITR to be filled?

Dear All,

I am buying flat cost 20lac, my relatives are helping me for buying flat my mom ,dad, uncle ,aunt and some friends are helping me for 2lacs rupees each.
As builder says payment must be made from my account only not from any relative or friends.

Kindly help me if all money i deposited in my account, can income tax department send me notice and ask me about amount in my account?
Do i have to pay tax for this money ? Kindly help, waiting for advice.

Regular I Tax for AY 17.18. MAT credit is available of earlier years. Is it necessary to submit 29B?

Whether due date of 44AB Audit Report filing extended from 31.10..2017

A Manufacturer has claimed additional depreciation in the last year and he has again purchased new machineries for expanding his business can he claim additional depreciation on the new machineries purchased during the current year..

At what rate TDS is applicable on bill payment for manpower supply (staffing). Is it 2% u/s 194c or 10% u/s 194J??
Kirti Shah

Our assessee (properitor) who is a labour contractor is getting notice from IT Dept for not filling the returns for FY2012-13 & 13-14. the turnover in both year was more than 1 cr. which is also in his 26AS. Can he file the returns under 44AD and show 8% profit and pay the tax and escape any procedural issues...???

Dear Sir/Madam,
I sale my rural agriculture land for 2600000 on december 2016 and i want to fill my income tax return.so please tell me what i do.

Respected Sir,

I done my sales through swiping machine which is linked to my sbi a/c and it is closed by sbi bank and issued new account in place of old account.From 01.09.2016 to 31.03.2017 all sales amount of Rs 35 lakhs are done through old account.For the above period my old account is closed and my banker transfer this amount on may 2017 in new account .so at present how to show these transactions in my Financials for 2016-17.

there is applicable sec. 87a for ay 2017-18 ?