A Pvt. Ltd Company deals in shares trading and gives loan to its subsidiary and others and makes investments
in debentures, mutual fund etc.

It is going to file its Income Tax Return for A.Y. 2018-19. Till A.Y. 2017-18, it used to select following codes

Trading-Others (0204) and Financial Service Sector-Others (0809)

Since now codes has been changed, please advise which codes should be selected.

income tax return for f.y 2017-18 can be filed or not without penalty ????? if income is below rs 2,50,000

Our company has provided a car to our consultant. Driver salary was given to him with professional charges bill (A consolidate bill was raised by him Professional fee + driver salary) & TDS was dedcuted u/s194J @10%. Now he seeking reimbursement of driver expenses separately to save TDS). Whether reimbursement of driver salary can be treated as expenses in this case.

Please suggest me accounting entry of below entry of import? Whether it should be recorded all amount of invoice in purchase account (cost of product) or record other cost seprately?

Goods cost 349551.44
Add : Bag fees 6700
Add : Insurance 577.5
Add : Freight 14300
Total Invoice cost 371128.94

Terms of delivery is on CIF basis.

SIR,
ON 26.09.2018 GST REGISTRATION CERTIFICATE ISSUED BUT IN AUGUST AND SEPTEMBER JUST 15 DAYS EARLIER I HAVE MADE SOME FABRICS PURCHASES AND ALSO PAID 5% GST ON IT.
CAN I AVAIL THE ITC BENEFIT OF THOSE PURCHASES.

Can a PCS - State Government Employee hold agricultural land. Land is already held by him before he was PCS officer and all the workings related to agriculture is being done by his family member and agricultural income is directly credited to Original owner (PCS officer), no time devoted by Government officer.
I want to ask if he can hold agricultural land in this form and show in ITR, income from agriculture which is directly credited to his account less expenses given by him as agricultural income and salary from state government under head salary?

Respected Experts,
My sister is suffering from CKD(Chronic kidney disease)..Its a very critical illness where both kidneys stop functioning & one needs dialysis to breathe.The second option is kidney transplant.All this is way too expensive for middle-class people like us..There is an organisation in the US willing to help us ..They start an online petition and pass on whatever donors give for our cause..But I can't open a Paypal account coz Im not a trader/freelancer..this money is like donation..But from foreign land..How can I receive it in India?Are there any provisions..Plz help..I need this money v.v. desperately to save my dying sister..Am grateful to all of u for time and advice..Thanx a lot.

a CA firm wants to lend its excess funds and earn interest? And it will declare that income as part of its firm’s revenue/business income. Can members in practice do it?

I HAVE FILED ORIGINAL RETURN FOR A Y 16-17 ON 31.05.16 SHOWING STCG OF FLAT SALE RS. 40 LACS. AFTER 1 YEAR I HAVE REVISED RETURN SHOWING STCG RS 22 LACS. OUT OF 4 FLAT 1 FLAT AGREEMENT CANCELLED IN MARCH 17 COST OF RS. 22 LACS. I HAVE RECD REFUND OF I TAX IN THE A Y 16-17. NOW ITD ISSUE SHOW CASE UNDER 142(1) ASKING REASON ABOUT YOU HAVE FILED WRONG RETURN U/S 139(5). WE HAVE NOT ACCEPT THE SAID RETURN AND ADD BACK THE SAID TRANSACTION AS INCOME. PLS GUIDE ME WHAT I NEED TO DO?

TAX AUDIT IS STILL GOING ON BECAUSE THE DUE DATE FOR FILING INCOME TAX RETURN IS 31ST OCTOBER 2018. BUT JUST BECAUSE OF THOROUGH LEDGER SCRUTINY INPUT OF CGST, SGST AND IGST IS GETTING GENERATED DAILY BUT SINCE THE LAST CHANCE OF TAKING EFFECT OF INPUT OF CGST, SGST AND IGST HAS ALREADY GONE AFTER FILING THE GSTR-3-B FOR THE MONTH OF SEPTEMBER 2018 WHETHER ANY FURTHER SHALL BE GIVEN TO US FOR CLAIMING SET-OFF OF CGST, SGST AND IGST. PLEASE GUIDE ME AND OBLIGE.