A client works to sell green grass. He buys the green grass from his own farm and from other farmers. He sells green grass in cash to locals and Gaushala
My question is that this work will be taxable in the business income in the income tax or agriculture income.
Annual turnover of Rs 25 lakhs

Hi sir,

Kindly solve this tax issue sir, there are 3 persons from a family formed LLP some years back, with equal share capital, later on purchased a capital asset (land) for Rs.20 lakhs. That land present market value is Rs.5 crores. Out of three partners one partner wants to retire from LLP firm at his actual share capital contribution. Because they are from one family, remaining partners wants to settle his share at actual contribution only. The problem is what are the tax complications applicable for the above situation, and as it is LLP registered under ROC, is there any valuation rules applicable for valuation of retiring partners share, like in Pvt. Ltd? And in whose hands capital gains tax will be levied? Need expert suggestion please....
Thanks in advance..

Kindly any tell me whether TDS Applicable on Registration fee of Training & Development

If yes kindly share the any case study or rules regarding that.

while calculating quantum of deduction u/s 80GG do we consider standard deduction in case of salaried employees for the calculation of total income that is used for calculation of 80GG deduction? please mention the section also.

sir

I was working for an IT company, wherein they deducted TDS on salary and they have not remitted to Govt, so it is not reflected in 26A, I am not able to filed IT returns as I did not get Form 16

I keep getting message from Income tax regarding non remittance of TDS and non filing of IT.

Please suggest us how to get rid of this problem

Thanks

Shashiprasad

Dear Experts,
My client is connected with a Company of France and he is working as a Consultant as per agreement.
He is working in India for the same Company. Company is paying him in "Euro Currency".
Please guide me, what type of Tax Liability will effect on same and in which section ?

Is it mandatory for a restaurant to Take GST registration for selling goods through Zamto/swiggy type e commerce operator if the turnover of restaurant is less than 20 lakh?

Sir
I have purchased wealth plus a single premium life insurance (SPLI) policy on 07/05/2010 by paying 2 lakhs as a single paid premium. It get matured on 2018 after eight years .I received total amount of 291732 having interest incurred of 91732 in eight years .TDS at the rate of one percent is deducted by LIC on the entire amount of 291732 and in my 26AS entire amount is shown credited to me .Now I have questions whether the entire amount of 291732 or only interest incurred of 91732 will come in my form 16 column of “income from other source” for purpose to calculate tax or does the entire amount comes under long term capital gain and is tax exempted .please clarify.

For AY 2017-18 income tax return of my client was filed by himself on 09 Dec 2017, in that return the refund of TDS of Rs 4902/- was claimed and same was processed successfully on 01 Jan 2018 and refund of rs 4920/-was paid on 10 Jan 2018.
However the said client came to me in Dec 2018 and informed me that Refund of Rs 399890/- was pending for AY 2017-18. I checked his income tax status on income tax portal and found that his Income Tax return for AY 2017-18 is processed. On checking of his 26AS i found that TDS of Rs 399890/- under sec 194C was there which is not entered in his income tax return. On further inquiry he told me that he received payment of rs 3998900/- as compensation of land acquired by govt for irrigation purpose.
On the basis of all these situation, on 11 Dec 2018 i filed revised return for AY 2017-18 u sec 139(5) and claimed refund of Rs 404790/- (4902/- + 399890/-). On 24 Jan 2019 i received intimation u/sec 143(1) and found that there is tax credit mismatch of 399890/-.
In the said portal there is tax credit mismatch shown of rs 399890/-, the said portal is showing that amount available in 26AS is 0, but on traces portal there is TDS of Rs 399890/-.
Now my question is how to claim refund of rs 399890/-

GST Input Tax Credit Setting off Rules changed from 1st February 2019. My question is

are these changes applicable on January 2019 return (tax of which is if payable on February 2019,20th in 3B)?