Hi I'm a interior designer, providing designing and execution services. some times its both design and execution, sometimes its just design or just execution. so what are the taxes applicable and what kind of firm should i get registered.

Respected Experts,
The issue is my friend problem. The firm is an automobile sales & services. Supply/service were received from two parties amounting to Rs.8,14,650/-. The payments were made to them through cheque. Those two parties were private persons and not registered under Sales/Service Tax authorities. The Assessing Officer has invoked section 68 of Income Tax Act and decided those credits as unexplained and levied tax and order was passed u/s 143(3) of IT Act, 1961. Appeal filed before the Commissioner of IT (Appeal)was also dismissed under section 250(6). The firm was also stand closed in 2013 itself. Is there any legal remedy as the firm stand closed in 2013 itself and the Assessment Year was 2010-11. Whether there is any provision for waiver of the Assessment as the firm is non exist. Whether filing petition before the Lok Adalat for waiver/reduction of tax is permissible/fruitful in the present situation. Please clarify. Thanks in advance to all the respectful Experts.

Hi
I am a central govt employee recently posted in Jaipur. I have a query regarding HRA and HOME LOAN INTEREST.
The thing is, I have 2 house properties in two different cities and both of them are are taken on loan from banks. One is in Lucknow, which is given on rent and the other is in Jaipur which is also given on rent. I live in jaipur in a rented accomodation and am not able to live in my own house due to reason of my grand daughter' school who lives with us. There are no schools nearby the house which i have bought and also its sort of disconnected from the market and daily essentials as its newly built in a area which is yet to develope.
Now, I want to know whether i can claim both, the HRA and Home loan interest benefit (of the jaipur house) as i have been told by few people that both of them can be claimed under few circumstances even if both are in regards to same city.

Can a bank PO also do part time job?

Mr. A & B are joint owners of a ancestral land. A loan of 12.00 lac was taken from a bank jointly for construction of bank building and the said building was leased to bank on a monthly rent of Rs.12,000/- p.m. which is deposited directly by the bank into a joint Saving bank a/c of A & B. And from this said SB a/c, loan EMI is paid.

Now, how to reflect the above in Income tax File of A & B ?

I have made investment in F.D for claiming deduction u/s 80C on 18.03.2016 but due to some problem bank made FDR on 1.04.2016 although the debit in the account was on 18.03.2016 and it is duly reflecting in the statement. So please suggest me can I claim 80C deduction when amount debited in my account on 18.03.2016 but FDR was made on 1.04.2016

An aseese is now being aware about his Last 3 years(From 2013-14) TDS deduction,and the assessee want to get refund the tds by Filing ITR as nil return by taking new Registration in income tax site , is it possible to get refund ,or have to pay Penalty and Late fee???

What is the due date for payment of pf,pt,esic?

I am a retail trader of sanitary items. On 01.04.2016. I had a cash in hand of Rs.13,24,000/-(already reflected in my IT Return) During the period 09.11.2016 to 31.12.2016 I had deposited cash Rs.31.00 lac in my CC a/c, including Rs. 6,29,500/- deposited on 13.12.2016 (for which explanation has been sought from my by IT deptt.)
During the said period my cash sales was around Rs. 21.00 lac.

Opening balance on 01.04.216 = 13,24,000/-
Cash sales during 9.11 to 31.12.16 = 21,00,000/-
Less: Cash deposited during the
said period = 31,00,000/-

Personal drawings = 1,00,000/-

Hence, Cash in hand on 31.12.16 = 2,24,000/-

Please guide me as how should I fill the Explanation Sheet ?

Neither any cash withdrawals from banks nor any cash purchases by me.

Dear Sir
I am a professional. I also have agriculture income. But the land is in my father's name. How could I take agriculture income into my balance sheet.
Kindly suggest me.

-Sanjay