Is the following structure of LLP okay
Designated partner 3
Partner 0

Since the Act says:
Every limited liability partnership shall have at least two partners.

If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it so carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, shall be liable personally for the obligations of the limited liability partnership incurred during that period.

Dear Experts,

For AY 2018-19 deduction u/s 80G is being calculated at 5% of Adjusted Gross total income as compared to 10% prescribed in the Act. I dont see any change in law. Please let us know if this an error in the utility or is there any specific reason for the same.

Regards,
Shruthi

what is nature of business in Income tax for CAB owner, he attached on contract basis to one company. what is that code in the ITR 3 under the head of nature of business?

and
what is nature of business code in Income tax for commission in ITR 3

claim the exemption u/s 54 which amount can be invested Capital gain realized or Net Consideration Received from sale of Property
kindly give suggestion

Rent of the house is being shared among 3 co owners equally. One of the co owner dies. So now can i show the rent income of both the surviving co owners in the ratio of 50:50 in their ITR? Or some legal procedure is required to be carried out before filing itr? please guide

Before shifting from vat to gst one of my client has given individual pan no in vat registration instead of HUF. Now while filing ITR the GST no does not match with Pan no of HUF. Kindly let me know that shall we change the pan no in gst Registration. your valuable advise will help me a lot.Thanks in advance.

K.B.Nagesha Rao
9448826793

I want to file ITR for my huf having income from one house property and bank interest and party interest. Which ITR to file ?

I have uploaded Json file on 6th July-18.. it shown the status as

"In-Progress-Your uploaded statement validation is in progress, please check after few minutes.

but till date statement not uploaded.

Please help me how to upload the file.

Sir one of my client is an agent receiving commission from AIRTEL (telecom) for doing activity of Selling recharge cards
For AY-18-19 he has received commission of Rs 3,62,313, and TDS was deducted u/s 194H and his total sales for the period FY 17-18 is 1,38,29,800 (more than 1cr)
can he file income tax return by opting special business-44 AD/AE with out books

will he liable to get his books of accounts audited will he comes under TAX AUDIT
pleas give me your suggestions
pleas help me

Sir,
IOCL Charging License Fee Recovery form all ROs. For that IOCL generates invoice with GST . Up-to my knowledge there is no GST should be on Non gst goods & services. Here my question is "can we clime the input from those LFR" .
If possible "until now mean that from July 2017 , we didn't clime any input credit tax on those LFR invoices. can we clime it now at once."
if not , why . let me know in detail.
and
On Transportation as per GST law there is RCM(reverse charge mechanism) lavid. But for the transmission of Non GST supplies how it applies.