Dear sir,
Can we say that all the Foreign Citizens are NRI's.if so, or if not, kindly enlighten on this further
Sir/madam,
if assessee is retired govt. employee (senior citizen) incurred exp. on medical treatment of Rs. 22000/- in F.Y 2017-18 and claim for reimbursement of exp. on medical treatment and department sanction of Rs. 18000/- but in April 2018. So my question is....
(1). Is assessee claims deduction u/s 80DDB in A.Y 2018-19 ITR? if yes, then how much?
(2). If above is YES and assessee receives reimbursement (Rs. 18000/-) in F.Y 2018-19, then how
i deal in ITR of A.Y 2019-20?
Sir,
Loss on Business income Audit is required? ( Case of Partnership Firm)
For Example : U/s. 44AB Partnership Firm'
Business Receipt 25,00,000.00
8% of Profit before Remunaration & Interest on Capital 2,00,000.00
Remunaration Caluculation
1st 300000 90% 300000 2,70,000.00
Balance 60% (1,00,000.00) (60,000.00)
2,10,000.00
(200000-210000) Net Profit (10,000.00)
Mr. A is a rice miller. He had uploaded all the documents required for migration but could not complete the migration as on date. He is having a provisional GSTN and has quoted the same in all the financial transaction. What should he do as at present he is not not having GSTN no. and also if applies for fresh registration the same will be effective from today. what will happen of the sales made in previous financial year. Whether the purchaser would be able to claim the input or not.
If break up of salary not disclosed in ITR-1 for the AY 2018-19, whether this return is defective or not? TDS has been already deducted and deposited.
A notice dt. 23.03.18 was issued to me u/s. 148 for AY 2011-12. I came to know regarding the said notice to-day, when a mobile call was received from income-tax office on mobile of my husband. Then, I got a print out of the said notice from the income tax portal. The call from income tax office stated that the notice could not be served to me, because my house was locked (Which is true, as I had gone to meet my son who was studying in West Bengal. I did not filr my iT return for AY 2011-12, as my income was below taxable limit. What should I do now ? Please guide me. Also, I checked my email and found no any such notice.
SIR ONE OF MY FRIEND GET REGISTERED WITH GST IN OCT 2017 THEN HE CLOSED BUSINESS IN NEXT MONTH BUT HE HAS NOT FILED A SINGLE RETURN TILL DATE AND NOT INTIMATED TO DEPARTMENT ABOUT CLOSURE OF BUSINESS.
NOW IF WE GO FOR FILLING LATE FILLING FEES AMOUNT IS VERY BIG AMOUNT
PLEASE GIVE SOME SOLUTION
My salary income is 3.80 Lac. During the financial year 2017-18 in F & O trading I bear a loss of Rs. 39,80000/- and gain profit of Rs. 38,20,000/-. Means total turnover u/s 44AB is Rs. 78.00 Lac and net loss of Rs. 1,60000/-. Please suggest whether I will be liable for audit due to 44AD or not. Please
I did not make that maintain Books of Account so required BS and P&L filing ITR-4 return so plz tell me correct way.....
We are purchasing the Paper which will use for Printing of Text Books , Those books will be sale on nil rated GST,
Can we Claim ITC on Paper Purchase in this particular case...?
And some times we will use those paper for many jobs like Produce Nil Rated GST OTC bills and Some rated GST OTC bills... Please Clarify this issue and help me...
Foreign citizen vs nri