Hi..1) it necssary to maintain record of accounting under presumptive tax?
2)can we get benefit of basic exemption on it? Is it exemption on declared turnover or on 8% of turnover?
3) can legal authority like court or tax department can demand me for account record if I paid presumptive tax?

Dear Sir, I have registered my PAN in http://incometaxindiaefiling.gov.in/. My question is

1. Paper communications(like notices which are sent to tax payer) from ITD, are whose also sent in registered email or available in above site?

2. Are such communication sent to PAN address or current address (as updated in above website).

While transferring immovable property to major daughter which deed is best either gift deed or settlement deed.What is the stamp duty and income tax for donor and recepient in both cases in tamil nadu

Sir
i am cent govt employee living in our parents house with joint family, i had taken a loan for purchase a land and constructed home on it. the house is vacant as i am living in parent's house', so there is no housing income from it. i am paying Intt Rs 55829 and Principal Rs 107000. i can take claim of principal amount in 80C but where i can get claim of interest on home loan for AY 2016-17. i had taken claim last year in sec 80EE in ITR but now it is removed for AY 2016-17. if i claim it in housing income then income of house will be in minus 55829 and it will reduce our total income. should i claim it in the head of income from house property ?

Anup Kumar
IIT Kanpur
Employee..

I have doubt on the Berojgar Sanstha.
Some Company are given work to Berojgar Sanstha's Like Mess, Hotel Restoration, Canteen etc.
This Sanstha's are Registered under the District Cooperative Bank. This Sanstha have no PAN no. Then TDS should be deducted or not ?

My Client has sold Property at F.Y 2014-15. Result in a capital gain of rs. 20,00,000/- the original property was purchase 20 year back and was not book in the account. the capital gain was not disclosed in return file on a.y. 2015-16 can i declare this income under the income under the new disclose scheme ( Income Declaration Scheme 2016 ) and can i get benefit of indexing.
kindly advise as soon as possible.

I have building in india taken loan for the same. I have given the building on lease to a company.I do not have any income in india other than rental income. Is depreciation is allowed on this property for Income tax calculation purpose.

what is muncipal corporation tax, and who paid this tax . Owner of property or a person who settled his business ( Rented) on this property.

hello, please help me with the query can employer have right to ceil your basic salary and give raise as other payments for example I have salary rupee 100/- ( basic 40, hra 20, travel etc.) and I got raise of Rs 10 next year does it raise my basic proportionately or not...basically what law says...it should raise proportionately to my basic also or will it only include to others.. thank you Nadeem

Dear seniors, can you please respond on the query regarding I need to know in an organisation does every employee entitle for bonus and incentives or it is management who can only decide that who wil entitle for said bonus and incentives. many thanks to help regards, Nadeem