Dear Members,

IN F.Y. 2017-18 my total TDS deducted on winnings from playing rummy id Rs.3Lacs but in F.y.2017-18 I have made a loss if Rs.2 Lacs in total,So please suggest whether I can claim refund of same while filing my income tax return or not?.Also please share if any case laws available.

My friend filed income tax return for AY 2017-18 online within due date but forgot to send ITR-V to Income Tax - CPC within prescribed time limit of 120 days. Hence, his return got rejected by income tax department.

On the other hand another person's case is a bit different. The assessee didn't file his ITR in due date and failed to send ITR-V in due course because of which his return rejected by income tax department.

Pl advise in both the cases what to do now.

I have a simple query in which I would like to know if a major son can claim deductions u/s 80C if he deposits contributions to his parents not senior citizens PPF accounts from his own income to claim 80C deductions.

Hello sir,
we have made outward remittance against technical service purchase (license fee) by mistake we paid tds under section 194 J instead of 195
so now how can we correct this
even we search online but i think it will take time we depend on Assessing officer

if you have any suggestion plz let me know

Hi,

Can anyone guide me on payment of Professional Tax in Maharashtra as an employer?

Thanks in advance

FD rate and savings bank rate of interest is almost the same these days . From tax implication point of view which is more advisable ?

I had already sent my ITR V to CPC during Nov.17 for AY 2017-18, but the same has not yet been received by CPC. Same is case for many clients. If I sent a scanned copy ot rhe ITR V to CPC, whether it will serve the purpose ?

Hello
I paid SBI Life Insurance Premium 3000 Per quarter . But Insurance company Offer if u pay rs 19255 you will get rs 21000 within one month ... so how it will effect in income tax retrun and on 21000 i will pay full tax or 21000-19255=1745 on tax ...and 21000 will added to my capital full exempt of rs 21000 form income tax

kindly let me know difference between religious and charitable trust as per income tax law.

Dear sir/madam,

I have started new business in July month by purchasing goods with GST and in July month applied for GST but registration approved by department on 3rd August
When was going to filing GSTR 1 for July month but my GST portal showing from August month
My concern is how take input credit of July month
Whereas my vendor filed their GSTR 1 for July with my respective GST no.
Please provide solutions