ITR is already filed, Is it mandatory to file again the ITR in response to notice u/s 148 ..?

IF I HAVE SALARY INCOME. I TAKE LOAN FROM MY PARENTS FOR MAKING BUSINESS OF FINANCING ON SMALL BASIS. I GIVE LOAN BELOW 50000/- AND TAKING CHEQUE FROM THE BORROWER. I OFFER THE INTEREST INCOME IN MY RETURN AND ALSO TAKE INT EXP WHICH I HAVE TO BEAR. WHETHER I HAVE TO TAKE LICENSE FOR FINANCING OR CAN I DO IN NORMAL WAY.

Sir
We are a Public Limited Company. Our Executive Director is paid Rs. 17000/- towards Flexi Allowance.
This Allowance is for reimbursing him expenses incurred on Hotel Lunch/Dinner with Business Associates. He submits bills and claims the amount. But Total Annual Reimbursement can not be more than 17000*12. But if he claims less in one month then he can claim more than 17000 in the next month but annual limit of 17000*12 can not be exceeded.
What about Taxability of this allowance. Basically this is reimbursement on production of bills. But in books it is mentioned as Flexi Allowance.

Same way he is paid Rs. 5000 per month towards Uniform Allowance. He submits the purchase bills of any clothes and gets reimbursement. In books it is mentioned as Director Uniform Allowance.

But actually he gets reimbursed on production of Bills.
Confirm its taxability also. He gets regular salary per month including above mentioned allowances.

I am having business of labour contract. I also lending some money as loan to our labourer and their relative on interest. whether I can give loan on interest basis or not. whether the interest income is legal or not. I also offered this interest income in my return. please give urgent reply.

A fixed deposit made for 90 days and on the maturity date i.e., before the end of the year ,the fixed deposit is not with drwan,at the end of the year ,how to treat the interest and fixed deposit in accounting

Dear Sir/Madam,
I have a doubt in regard to taxability of a Charitable Trust registered u/s 12A filing ITR-7 and claiming exemption u/s 11.
The Trust could not file its Income Tax Return for FY:2017-18 before specified date u/s 139. Hence, it cannot claim exemption u/s 11. What should be its taxable income in such case? Whether it is donations received or the income over excess expenditure?

Dear All,

Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.

Hi-I filed my father’s ITR on time which was received by CPC office in October by post ( they sent me a mail confirming receipt ) . Its been 3 months now and the ITR is still not processed . I have no idea why its taking so much time this year . Please advise

Experts,
In August 2018 Lok Shabha passed Gst amendment Bill regarding following.

1- Uttarakhand state will remove from special and turnover for registration under gst will be 20 lakh
2-Amendment in section 17(5) changes in rent a cab itc available more than 13 pessanger.
Is ths amendment applicable now ??/

Respected experts during my training I have come across a situation which is related to section 24 and 27. Suppose a person, say Mr.A, from his own income, has bought a house in name of him and his spouse. For buying the house Mr.A taken a loan in his own name.
'Section 27 of the Income Tax Act,1961 states that an individual who transfers otherwise than' for adequate consideration any house property to his or her spouse, not being a transfer in connection with an agreement to live apart, or to a minor child not being a married daughter, shall be deemed to be the owner of the house property so transferred'
Now my question is 1) whether the above case comes under the definition of transfer?
2) since the loan obtained by Mr.A, whether the benefit of deduction of interest on the loan
taken above can be availed my Mr.A only?