ABC is a Goods Transport Agency whose Claimed Input and Charge GST @12% on Service
He is also Provide commercial vehicle to Goods Transport Agency for Inter State Services, Can such services exempt from GST
Against which notification he claimed exemption

Will a retired employee be taxed on reimbursement on giving a certificate for incurring medical expenses and receiving a fixed amount of say Rs. 1500 per month under a compensatory contributory scheme of a public sector company or will the amount be tax free?.

Good evening to all expert,
Please reply urgent
Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.

Is tax audit u/s 44AB compulsory for carry forward of speculation business losses?? Since definition under section 44AB doesn't give any explanation about the above, is it compulsory?

Hello,

I have sold one flat for 49 lacs in Feb 2018. This was purchased in 2007. Further have sold another flat in May 2018 for RS. 75 lacs which was purchased in 2011. With the collective proceeds have purchased one flat for my self use.

Have query on filing of return. Should I combine sales proceeds of both flats and show it in the tax return for AY 2018-19? Or should I only consider first flat since it was sold before March 2018 and take exemption under 54 for part amount invested in buying flat and then next year consider second flat proceeds and take exemption under 54 for Bal investment of proceeds.

Request for your help.

Dear Experts,

One of the my client is senior citizen having rent income and FD interest. He also partner in partnership firm from which he received profit ( no salary or interest received). Can he liable for advance tax for F.Y. 2017-18?

Thanks

A IS PARTNER IN ABC, Chartered Accountant & XYZ Chartered Accountant. Can ABC Chartered Accountant Audit the Account of XYZ, Chartered Accountants.

We are having One Star Export House status & exporting wooden furniture to the various buyers abroad. We were exporting the goods to a buyer in France on running order basis, which went into LIQUIDATION at France in the year 2013 . Approx. $7000 is lying with us as advance payment against export order but due to liquidation of the Co. & cancellation of further orders ,we are unable to adjust the amount against export order. We want to forfeit the amount for the reasons of liquidation of the Co. & cancellation of the order. Whether we can book this amount as other income without prior approval of Authorised Dealer (Bank) & RBI . If, yes whether we will have to inform RBI regarding facts of the case.

i have two residential houses, one is rented and the other vacant. i am a salaried government employee and live in a different city on rent for which i get HRA.
Can I show one of the property as self occupied or do I have to show a notional rent on vacant house also.

I am working in a private organisation and my monthly salary structure is as follows:
Basic Salary: 38000/-
House Rent Allowance: 19000/-
Leave Travel Allowance: 17100/-
Medical Reimbursement: 11400/-
Conveyance Allowance: 9500/-
Please advise which of the allowances are exempted from Income Tax and up to which Limit so that I can deduct those from my salary for the purpose of ITR filing.