Sir,
I am a senior citizen having gross total income of Rs. 3,95,000 /- and after rebate u/s 80 C my taxable income stands at (3,95000 - 1,50,000 = ) Rs. 2,45000 /- . Can I submit Form 15 H ? Is it punishable if Form-15 H is submitted ? Sudhir Saha

In items details only hsn and taxable value , 2 compulsory fields r there. If we fill only these 2 fields and leave all other fields i.e. qty, tax rate etc , than my query -
1. Will it be wrong
2. The vale of goods in such ewaybill bill will be taxable vale only , which will not match final bill AMT after taxes. So in practical the people on road chking this , do they hv this knowledge or will they harass us. ( As is common with general tax authorities).
Vikash
9936699412

OUR SISTER CONCERN IS LOCATED IN DUBAI COUNTRY.

WE ARE PAYING AUDIT FEES TO DUBAI CHARTERED ACCOUNTANT.

SERVICE PROVIDER & SERVICE RECEIVER BOTH ARE IN DUBAI.

ONLY PAYMENT IS MADE FROM INDIA .

IN THIS SITUATION CAN GST IS PAYABLE UNDER RCM ( FOR IMPORT SERVICE )

PLEASE GUIDE IN THIS REGARD

THANKING YOU,

REGARDS
RAJKUMAR GUTTI

Dear Sir, I am filling the income tax Return -1 as salaried person, I am getting problem at the submit.

Please find the below Error
Error: since the amount is disclosed in income chargeable under the head salaries is less than 90 % of Salary reported in Tds-1

As per Form 16 Salary 696456/- Less HRA Allowance: 157440 Conveyance allowance: 19200 I am putting the salary part : 519816/- after deduction Hra & Conveyance Allowance

Respected Expert

We are trading in foreign import /Export we have receive a lot of Foreign Inward Remmitance ,when bank send us credit Advice in that
Exp.As per Credit Advice

total amt.remitted $23421.60 @67.6

INR 15,83,300.16 Cr.
GST/On CCY purchased/Sale INR 1094. 99 Dr.
Total Amount Credited INR 15,82,205.17 Cr.

When we Receive Bank Invoice for Month invoice show

Taxable Value 6083.28 CGST-547.50 SGST-547.50 Total GST.1094.99


So my Question is Bank show only show GST amt.of Rs.1094.99 in Credit advice & why they dont show Taxable value Of Rs.6083.28. how can i show entry in tally regarding this to Take ITC of GST

Dear Experts,

While paying GST under GSTR 3B, there is a message saying 'you have insufficient cash balance do you want to proceed'. I did yes and paid the amount. Now I need to file GSTR 3B return but I am not getting any option for it.

Here I need to mention that I have claimed "reverse charge ITC" into this which was automatically reduced by portal from the total tax liability and rest amount was paid by me. Now please guide me why it is not showing 'submit or file return' button any where and how to file GSTR3B.

Please guide me on this.

Thanks & Regards

XYZ

Surrender of Tenancy Rights is transfer of capital Asset and laible to capital Gain

Further, COA will be NIL.

The issue is the original tenant is dead.

And Compensation received by his legal heirs.

Please suggest whether it will be taxable in the hands of legal heirs or exempt treating it as casual/non-recurring income u/s 10(3)

in case of DIR-3 Updation what should we do...?
In following cases

1-What happens for those person who have DIN but are not director in any company?
2-For foreign citizen DIN holder, how does it work?

Thanks & Regards...

Business: Commission Agent
Turnover: 22 Lakhs
AY : 2018-19

As per 44AB Tax Audit limit is Rs.2 crore in case of businesses and Rs.50 lakh in case of Professions.
As per 44AD Commission agent cant opt presumptive taxation of 8%/6%.
As per 44ADA Only specified Business can opt presumptive taxation at 50%(Legal,Engineer,CA,Medical etc.)

Kindly advice me regarding the following:-

1.Which ITR Form is suitable for AY 2018-19?
2.Can I file return at profit less than 8%/6%/50% ?
3.Can I claim expenses like salary,electricity,mobile charge,rent,Depreciation ?
4.Is there any case Tax audit is applicable at 22 lakhs turn over?

While filing presumptive income u/s 44 ad or 44 ada the itr-4 is asking us to fill the total balance sheet which is not logical. When the books are not being maintained how can we make balance sheet. One one side the income tax department is asking us to file on non-account case and simultaneously on other side the income tax department is asking the assessee in ITR-4 to fill the total balance sheet. It is not possible unless and until books are maintained. Please pass your comments on my views. I shall be highly obliged to u.