My client residential status for F.Y 2018-19 is NRI.
In previous year, he was filing tax return u/s 44AD and was resident.
In current year, his turnover is 33 lakh and profit around is around 3 lakh.

Is Tax Audit applicable for current year? I think no tax audit is applicable for F.Y 2018-19, since 44AD(5) is applicable to "Eligible Assesse" and NRI is not Eligible Assesse as per 44 AD. Please confirm.

WHILE FILLING ITR-2 (INCOME TAX) IN RESIDENTIAL STATUS COLUMN I FOUND THE FOLLOWING TO OPTION

(1) He is in India for a period of 182 days or more during the previous year ; or
(2) He is in India for a period of 60 days or more during the previous year and for a period of 365 days or more in 4 years immediately preceding the relevant previous year.

NOW PLEASE ADVISE ME, WHICH ONE SHOULD I SELECT AS I AM AN INDIAN CITIZEN BY BIRTH AND NEVER BEEN ABROAD.

THANKS & REGARDS

Dear Tax support team

I am staying in rental house and payed rent for the entire FY18-19 from Apr18 to Mar19 My employer missed to deducted HRA allowance and show in Form 16. My employer is not generating new Form16 to show HRA allowance.

Can I calculate my HRA allowance and show in tax filing and claim Income tax.
or
is there any section I can enter my HRA allowance/ Rent paid.


thanks for your support.
Sekhar

My wife is a Retired School Teacher. She holds partnership in a recently started firm doing Software and IT related Service Business. Her pension for the FY 2018-19 is Rs.3.40L. Her profit share in partnership firm is 0.40.She is not liable tax. Just to get a refund of Rs.700/- deducted for Bank Deposits she needs to file Return. I provided all details including the name of the firm, PAN and Profit Share in Return. But while going for verification the system asks to provide at lease one business code in schedule nature or in Point 61,62 or 63 in Schedule P&L A/c. She is not running any Proprietorship Business to declare P&L. Have I to enter code of the business in which she is a partner. For a small refund we could not go to a tax consultant. Please guide.- With thanks, Ramaswamy.T

Sir/Madam,

What is procedure to appoint a Director in a Company Limited by Guarantee not having Share Capital u/s 8 Of Companies Act 2013. Company already has 3 Directors since its incorporation.

Thanks in advance for your Guidance.

One of assessee filed ITR 4 from the AY 2013-14 to AY 2017-18. For the AY 2018-19 he filed ITR3. Now can he file ITR4 for the AY2019-20? Please guide.

Mr.A supplies job working service to Mr.B. The Taxable Value is Rs 1,00,000 and GST - 9000+9000
So, Invoice Value is Rs. 1,18,000.

Now, Mr.B discounts this Invoice with the Bank and Bank makes a payment to Mr.A after deducting discounting charges of Rs.500.
Net Amount Received by Mr.A on account of Mr.B is Rs. 1,17,500.

Can Mr.A raise a Credit Note for a value of Rs.500?
What is the amount of Tax to be paid by Mr.A on GST portal : Rs.18000 or [Rs.18000 - (500*18%/1.18%)] = Rs.17,924

Please helps the following problem in GSTR 9

As per ITC shown in GSTR 2A
IGST = Rs 23947/-
CGST = Rs 163545/-
SGST = Rs 163545/-

We have claim ITC in GSTR3B
IGST = Rs 27619/-
CGST = Rs 168290/-
SGST = Rs 168290/-

Actual ITC shown in our Books of Account (Tally)
IGST = Rs 17176/-
CGST = Rs 174634/-
SGST = Rs 174634/-
Sir we are very much confused which figure we show in which column in GSTR 9
Pl guide us

Anshuman

Sir,
I applied for GST Practitioner Registration Certificate on 24/07/2019 and I was issued the 'ARN No. AA240719064210E' but the GST Practioner Registration Certificate is yet to be issued by the GSTN. On confirmation from the status of the application, it is said that' It is pending for processing'. Please help and guide.
With Regards,
Ramesh Sharma,
Surat (Gujarat)

what is the last date of completing audit of private limited companies and when ITR is to be filled for this ?