I AM AN LIC AGENT AND I DON'T HAVE A PAN NO. ALTHOUGH I HAVE APPLIED FOR PAN CARD.
HOW CAN I SAVE MY TAX.I AM NOT DESIROUS TO PAY 20% TAX.
PLEASE SUGGEST

My brother sold his residential house in the F Y 2015-2016 and calculated capital gain Rs 650000.My qtn is whether he can availBasu exemption of Rs 250000 since his annual income is Rs 54000 and also he is senior citizen and pay the tax I.e 650000-250000 and pay capital gain tax @20Pl suggest

Dear Professional Collegues, I had a doubt regarding taxability of Single premium LIC policy which i was taken for 15 Years on 25/12/2013 and paid single premium amount of RS.25,59,044/- and sum assured amount is 34 laks and in the specifications of the policy 15% of Sum Assured will be paid at the end of 3rd,6th,9th and 12th policy year. and my question is i received Received 520000 (i.e 15% of 34 lakhs) then what about the taxability.and they deducted TDS @ 1% is it entire amount is taxable? I taken loan on that bond may i take Interest paid on that loan as expenses Please provide me your valuble Suggestions as per the IT act Thanking You, Krishna

I am Principal of Jawahar Navodaya Vidyalaya in UP. Jawahar Navodaya Vidyalaya is established in each district of India except Tamilnadu. Its head quarter office is in Noida,registered under society act XXI of 1860 and it is autonomous organization under Ministry of HRD.To operate the joint account of school, Bank is demanding the Pan card of the school. So, Please guide me, under which category, Pan card can be applied and what are documents required?

I have received interest of Rs.3,00,000/- on unsecured loan paid to a partnership firm and TDS has been deducted by the firm. But I have also paid interest of Rs.1,00,000/- to my relatives on unsecured loan received from him. As such, my income from interest will be Rs.2.00 lac only. Whether there will be any problem in processing the return by CPC, as interest income will not tally with the interest income shown in Form 26AS ?

I have deducted TDS on Provisions for my utility bill on 31st Oct 17 and paid the TDS on 3rd Nov 17. Now I have received the actual bill dated 11/11/2017 from my landlord for Utility which is lesser than than Provisions made. Can I adjust the excess TDS deducted to my next month Bill and make the payment to government. Kindly advise

My father had purchased a land in 1972 n build a house in 1982
He expired in 1995 n v inheirted his property in 2011
Now v r planning to sell this land
If v sell the land approx 1 CR i will get as my share
Can i buy a property n dont have to pay any tax
Is balance amount is there how much tax will i have to pay

we are a registered society and our main business is educating school students.our only source of income is from tuition fees , but we have to spend the same for giving salary to the teachers and staff . so, why are we compelled to deduct TDS? can there be any other option , so that we are not liable to deduct TDS?please suggest.

Dear Sir/Madam,
A Proprietory Courier Agency ( a Franchisee ) with a turnover under Rs.Crore were filing IT with PL and BS method had opted for paying Income Tax under SEC 44D for last Financial Year ( 2016-17) . But the same was returned by IT dept stating it is defective . Why ? In Online filing , Courier Agency is listed ( 0704 ).
Yet some accountants state Agency business is not in the ambit of Sec44D simply because the nature or Courier Business is coming as Agency
Under what rule can the Prop. firm pay or cannot ( or should not ) pay IT under Sec44D .
Please clarify.

one person having trading business in composition scheme ,but he has another business that supply only service . can register Gst as regular dealer for services business. but one person can have two proprietary firm with two different GST No? is there any issue or it can be done ,?