Dear experts, If a doctor has salary income for part of the year and PGBP for part of the year then which ITR FORM should he choose for AY 2016-17. Is the ITR-4S is the right choice..... KINDLY REPLY SOON THANKS

One of my client who has to get his accounts audited, he valued stock at Rs.1800/- instead of Rs.1400/- per bag and thereby he has shown a profit of Rs.3.90 lakhs. Now i told him that he could not value the stock at higher than cost
and he can value the stock lower of cost and net realiasable value.If we value at 1400/- per bag ,the net result will be
loss around 3.00 lakhs.
He is asking me to value at Rs.1800/- per bag but i am objecting to his proposal.
can we value at Rs.1800/- per bag and is it correct.kindly advise.

creditor has mentioned in the invoice that "DEDUCTION OF TDS NOT APPLICABLE" and accordingly TDS has not been deducted. whether lower deduction or no deduction of TDS certificate is required to obtain to substantiate being what is mentioned in the invoice

Sir ,My uncle is a Project Engineer and the company is deducting TDS at 10% under section 194J. which return should i file actually he is a employee in that organisation.

SIR,

THANKS IN ADVANCE FOR GIVING VALUABLE SUGGESTION
1.MY DOUBT IS AUDIT LIMIT U/SEC.44AB IS RS.1CR OR RAISED TO 2CR
2.AUDIT LIMIT U/SEC44AD IS INCREASED TO 2CR WITH DECLARATION OFNET PROFIT IS LESS THAN 8%
3. IF THE TURNOVER IS NEARLY 1.90CR AND DELCARE @10% NET PROFIT.
HOW HE SHOULD FILE THE INCOME TAX RETURN NOW IT IS EITHER U/SEC 44AB OR 44AD
PL. GIVE ME CORRECT SOLUTION WHICH IS EASY TO FILE THE INCOME TAX
IF HE SHOULD FILE U/SEC 44AB HE SHOULD FILE AUDIT REPORT OR NOT
AND IF HE FILE U/SEC 44AD IS THE SAME POSSIBILITY FOR THE RETURN OR DIRECTLY HE CAN FILE THE RETURN AS A NORMAL ONE

MY CLIENT IS A CONTRACTOR, HE PAYS SALARY TO ONE OF THE EMPLOYEES, THE EMPLOYEE CONTACTS ME THAT HE NEEDS FORM 16 FOR PURPOSE OF PERSONAL LOAN, MY CLIENT IS NOT REGISTERED AS A TAX DEDUCTOR AT TRACES AS HE IS NOT REQUIRED TO BE REGISTERED.
HOW CAN I HELP THE EMPLOYEE IN THIS SITUATION.

if my income is 180000 for fy.2016-17 and capital gain 10000 then i should pay tax or not?

Hi Frends, My query is that, if a business is newly setup, then is it necessary to make TDS deduction while making payment of professional fees or payment to contractor under section 194J or 194C viz Do it require to take TAN registration. Also if in any quarter no TDS deduction happens, is it require to file quarterly TDS return

Is saving bank interest liable to TDS if it exceeds Rs. 10,000 per annum as per section 194A?

for payment of advance tax in case of corporate assesses how to calculate advance tax liability more accurate how to calculate estimated income