HI,

We are providing the canteen service to employee, but we are collecting full amount from Employee. Can we avail the GST ITC credit on Canteen service.

Pls. reply

A notice u/s. 148 (I) was received be me for AY 2011-12 during March,2018 asking me the source of cash deposits in my bank to the tune of Rs. 27.00 lac. I had replied the said notice online during Oct.2018. I had not filed the IT return of the said AY, as the income was below taxable limit. To-day, while I was checking status of my IT Return of AY 2018-19 on the income tax portal, I saw a show- cause notice u/s.144 computing my entire cash deposits in bank as my income giving the reasons that I failed to submit required documents asked by ITO. But, I did not get any notice asking for documents as claimed in the said show cause notice. What should I now ? Please advise me.

I BOUGHT FLAT IN 1975 RS 111000/- NOW I M SELLING IT IN 9 CR..& I M BUYING NEW FLAT WORTH RS 6.50CR..NOW WETHER I HAVE TO PAY CAPITAL GAIN AS I THINK TODAY INDEX VALUE IS 3CR(WHICH IS 111000 IN 1975)

Dear sir,
I have paid Rs 9000.00 after Deduction of TDS amount of Rs 1000.00 for borrow a loan from my sister.But she's is an individual and not running the business. can i deduct tds for that and how can i show in tds retrun.Pls explain

Dear Experts,
On Traces, TDS on Plant & Machinery is going to section what? There is going to 194IB column when we filed a return on section 194I. 194I on our deduction is 2% but traces going as 194IB as 10%. Kindly provide me with a solution.
Thanks

Hi, I'm an individual software developer working for overseas clients. My annual receipts this financial year(2018-19) may be around 60 lakhs, but definitely above 50 lakhs. Thus I can't use 44ADA, which I have been using since last 2 years. My expenses related to profession are not more than 3-4 lakhs a year.

My question is, can I incorporate a small company, and use 44AD. The business is software development and I work independently(not under any company). I can hire an employee and deduct TDS if need be to strengthen the case for 44AD.

Is this possible? Can software work come under business rather than a profession.

Thanks.

Can a partnership firm file his Income tax Return using ITR 4 for AY 2018-19 (U/S.44AD) ?

I had filed original ITR by August 31', 2018.. If I file a revised return, will I have to pay late fees?

Name : V.K. Sahni
Email : ervinodsahni@gmail.com
Phone : 9891779079

Dear Sir,
My brother has Indian passport and a NRO bank account. He wants to sell his flat in Delhi (in his own name and allotments by Govt. of India). He is RNOR by status. At what rate TDS will be deducted from the payment to him by the buyer?
He will also like to file Income Tax return and claim refund after calculation of capital gain. We will need your help and services for the same as well.

Dear,

I am a fruit dealer, I received all my sale receipt through cheque. what i does , i withdraw all my sale receipt through bank through a bearer cheque in the name of my brother and pay the cash to agriculturist.

whether i have to show any amount remaining in the name of my brother in my balance sheet.