Dear Sir ,
The dealer is a trading concern & registered under gst act in odisha since last ten years my turn over is below 20 lakhs want to cancell my registration certificate wef 01/04/2019 due to enhancement of minimum limit for registration from 20 to 40 lakhs .The dealer is dealing in medicine in retail and presently he is a composition dealer under gst act .Please advice when to apply fore cancellation the dealer will contuning the business and the turn over will below 20 lakhs .

with thanks & regards
chinari ganesh.9437339943,8018753174

I am a resident senior citizen tax payer. I do invest in ELSS MF(Growth option) each financial year to save tax under section 80C of Income tax Act.
I had invested as usual in some ELSS schemes in March 2016 which I intend to redeem now after completion of 3-year lock in period. Since introduction of LTCG tax by the central budget 2018, this the first time I will sell ELSS units.
As such I am in need of some clarifications on calculation of LTCG from experts.
The following example will be helpful for me.
I had purchased 1690.846 units of a particular ELSS on 09.03.2016 at a price of Rs.29.57/unit. The total investment was Rs.50,000/-
NAV of these unit on 31.01.2018 was Rs.44.8938/unit
My sale price on 12.03.2019 is Rs.46.253/unit
Appreciation in value since 31.01.2018=(46.253-44.8938)=Rs.1.3592/unit
Hence total gain= 1.3592*1690.846=Rs.2298
Since, LTCG upto Rs.100000/- is tax free in a financial year, I am not required to pay any tax for this gain.
Am I correct?
Kindly, give me expert opinion.

My company credited my TDS into the wrong PAN 11 yrs ago and now in the 26 AS form in TRACES the amt is not being reflected.The Govt has levied me more the 200 % as penalty.What is my recourse.

A PERSON WAS FILING RETURN OF INCOME FOR F.Y 2017-18 IN 16.07.18........BUT HE WAS LESS FAMILIAR WITH INCOME TAX SITE........SO HE THOUGHT AFTER SEEING THE PREVEIW VERSION THAT HIS RETURN IS FILED.....
BUT TODAY HE BECAME TO KNOW THAT HIS RETURN WAS NOT SUBMITTED.....SO WOULD HE BE LIABLE FOR 5000 PENALTY ......OR IS THERE ANY OTHER OPTION ????/

Dear all ,
I want to know that a person (salaried based)having taxable salaried income 1 lac per month worked from april 18 to june 18
afterthat he resigned and notice period 1 lac dedctued in his full and final
now what the taxable income is 3 lac or 3-1=2 lac please suggest me . if any case law exist than please refer me
thanks

Hello,
We received Form 24Q& 26Q to Chartered accountant...
we are not deducted TDS in salary..How To Reply Charted accountant To NIL TDS Return File.
Please Reply

MY FATHER IS A GOVT PENSIONER

HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912

THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.

I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,

BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.

THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637

PLS CLARIFY

THANK AND REGARDS
SURESH

I want to link my pan with Adhaar
Can i link it without logging in income tax site

Secondly there is a difference of space in first name and middle name in Adhaar and pan card(There is space in pan card between first name and middle name but in adhaar card first name and middle name is joined
Will i face problem in linking it

The ITR 4 of AY 2018-19 has been released, but what nature of business code should I use for retail grocery business. And what does mean by n.e.c.

I am 67 resident indian. I had purchased a flat in Mumbai with following details: Registration date of purchase: 11.11.2009; Value: 2290125/- Possesion Date: 26.06.2011 Registration date of sale: 03.02.2018; Value: 4649000/- Now questions are: 1) What would be the capital gain & tax (pls give details) 2) Can I purchase residential land to exempt this tax? If yes, what will be the minimum value of purchase to mitigate fully?