SIR,
MY CLIENT GOT SALARY ARRIEAR IN F.Y. 2017-18.
IN earlier year 2015-16 and 2016-17 he not claim LIC in his income tax return.
now when he know that due to arriear he is taxable in f.y. 2015-16. he tell me consider LIC of f.y. 2015-16 as additional deduction in income tax return of f.y. 2017-18 in which he got arriear of salary.

can he cliam lic of earlier year as additional deduction ?

Dear Expert,

We have invited a tea seller to our factory premise and made a contract for supply of tea, snacks and lunch and dinner as well. We are not receiving any rent by that tea seller as well as we are also not providing any material but we have a written contract to provide tea and snacks on demand.
Till the date we have not deducted any TDS on payments to such considering supply of goods as well as not providing material to Tea seller, but our internal auditor raised observation on these payments.
However we read all the terms and provisions regarding the same but a technical point is we have contract and not realizing any rent from tea seller.

In the lights of provisions of IT Act 1961, please suggest whether TDS will be deduct or not?

A CA works under a CA firm can get a full time COP or Part time , and if he get Part time COP then have right to do attest function or not ? Please ASAP with reference of provision.

Dear Sir ,
A situation have been arised to us in which GSTN given by our Buyer was wrong . We given that GSTN in our invoices related to that party and accordingly we used to file our GSTR-1 . Recently he visited us and said that his GSTN given in invoies is wrong .
Sir what is the remedy in this case , so that i would be safe as well as my buyer would also get the ITC benefit ??

Pls advise

Under LRS a resident individual can remit USD2,50000 or its equivalent in other freely convertible currency. Please clarify the meaning of the word " equivalent" and also the way how to arrive at the equivalent.Whether 2,50000 is the maximum amount of any currency denomination which can be remitted without RBI approval.

Whether DIR KYC is to be filed by a Director who has taken DIN in March 2018.

Thanks & Regards,

Dear Experts,
Can we expect the Extension of due date for filing ITR I.e. 31/07/2018

Thanks
ASAP

My client had purchased property in name of husband and wife jointly and thereafter received RentHusband is registered under GST act and paid tax on rent but wife is not registered under GST Act and not paid any taxWhether wife is liable to tax under GST act ?

Dear Sir,

I have a query regarding 44AD r.w.t 44AB of Income tax act 1961.

query is as follows along with supporting provisions and FAQs.

PFA act of 44Ab, 44Ad and FAQs mentioned on income tax site (https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/faqs/faq-questions.aspx?key=FAQs+on+Tax+on+Presumptive+Taxation+Scheme&k=)

As mentioned in ACT under 44AB, that if assessee had opted 44AD in earlier previous year and now he is opting out from 44AD during the current previous year then he is liable to get audit of book of a/c.

but in FAQs
there is Two points mentioned,

in first point, it is mentioned that if assessee is not opting 44AD and opt normal provision of income tax then normal provision ( turnover - expeneses = income ) will apply, then assessee will require to maintain books of account. and if t/o exceeds Rs. 1 crore then audit u/s 44ab will be applicable.

In Second point, it is mentioned that a person who is eligible for 44ad declares his income at a lower rate ( at less than 8%/6%), if he does so and his income exceeds maximum amount not chargeable to tax, then he is required to maintain books of account as per 44AA and has to get his accounts audit u/s 44Ab.

Please go through and suggest me that if a partnership firm(formed in may 2017) declares 90 lakh turnover and profit at 3.33% of 3 lakh and he does not opt 44ad he opt normal provision ( turnover - expeneses = income ) and maintain books of accounts as per 44AA and file ITR 5 ( applicable to partnership firm). then, is he liable to audit?

i will be very thankful.

questions in relation to GSTR-3B is that if any invoice data gets missed while filing March 2018 return, then what shall be the implication? & how to taken in March 2018 as there is no revised return.

Assesss is proprietor commisiion agent misout the one sale entry of march 18 & ITC of that bill claimed by opposite party ( Ltd co. ) in march return.

no how to shown in march 18 return so get itc by opposite party.