Assessee is having 4 residential house and shown income from house property for all the property. In this year he is selling 2 house and retain 2 house. LTCG on sale of these two house is utilised for purchase of another 1 house in the same year. Is this LTCG eligible for exe u/s 54

URD has not paid to me the GST Amount and as such I had to pay RCM on his behalf. Whether there is any such rule as under which the GST department should refund the RCM amount to me through NEFT because it is my own money paid by me on behalf of URD. If the RCM amount is not refunded, it will be my loss. In other words I want to say that nothing should be there such as RCM or RCM should be exempted. It means that we should not purchase from URD. We should purchase from GST holder only.

CAN I FILE RETURN FOR AY 15-16 IF IT GET INVALIDATED NOW.. IF YES THAN IN WHICH SECTION. RETURN WAS FILED IN DEC. 2016

Sir,

please tell the GST rate on bamboo.

DEAR EXPERT

ONE OF MY CLIENTS HAVE ITR RECEIVED BY DEPARTMENT AFTER 120 DAYS AND THIS RETURN HAVE REFUND UNDER THIS RETURN.

SO WHAT TO DO ? SO I CAN RECEIVED REFUND

PL. ADVICE

Hello,  Please let me know Income Tax treatment for following scenario;  1. The Person has won Lottery of Rs. 10,00,00,000 /- in United States of America, and they have deducted federal tax @ 30% and decided to remitt Rs. 7,00,00,000 /- to that person...  2. The person is Ordinary Resident and he has gone there on Tourist Visa..So he don't have NRE or NRO account as he is not NRI..he was there for 1 month only..  Now below are my questions  A) Can he deposit his foreign currency cheque to his normal Indian saving bank account ?? and if yes then how much days it will take to credit the money in his account ?????  B) What will be the tax treatment.. will he get benefit of Federal tax Deducted at Source by US..as If he shows Income of Rs. 10,00,00,000/- the Indian Income Tax will be around Rs. 3,50,00,000/- and US has already deducted Rs. 3,00,00,000/- so what will be his tax liability??? (Rs.3,50,00,000 - Rs. 3,00,00,000= Rs. 50,00,000/-) OR (Rs.3,50,00,000 + Rs. 3,00,00,000= Rs. 6,50,00,000/-)  C) OR Is he has to pay tax on 7,00,00,000/- i.e 2,48,50,000/- So his total Tax will be Rs. Rs. 3,00,00,000 + Rs. 2,48,50,000 = Rs. 5,48,50,000/-  D) If he gets benefit of Federal tax deduction then how to show in Income Tax return and where is column in Excel file of return to fill the details??  Kindly clarify ASAP..awaiting reply....quick response is expected from you guys.. 

dear sir,

one of my relative is having gross recipt of near 60 lakhs from security business providing manpower.
can i file return by showing 8% profit without maintaining books of accounts under sectgion 44ad of income tax act 1961

Sir,

Can medicine wholeseller take composite scheme.If yes he can charge tax on bill ,when he sell to retailer how retailer will charge tax.Please make clear.

PAN applied and PAN issued for AOP in May'2017..But we have Partnership Deed.PAN issued on the basis of this deed.
There is no such option to change/correct the PAN Category in the PAN correction Form.
Please advise me what to do now.

Sec. 80iac of income tax Act gives tax benefits to startups for 3 years. Suppose for PY 2017 T/o is 20 crores. For PY 2018 T/o is 23 crores. Hence this entity has claimed exemption under sec. 80iac and still one more year to go. Now suppose for PY 2019 T/o is 30 crores (i.e. exceeding the limit of 25 crores given in the section) then it will not get exemption u/s 80iac for PY 2019, but what about PY 2017 and 2018? Will the exemptions claimed earlier get reversed