A ltd is a company whose registered office is in Delhi and branch office is in Srinagar, B ltd is rendering services of manpower supply to A ltd in Jammu & Kashmir which is exempt sector for service tax , is B ltd liable to collect service tax as per place of provisions rules .
Please Guide

Sir
If Net Total Income is below exemption limit i.e, below 150000/- ,
whether penalty for belated return, filed after 31st July will apply.

Sir,

I have declare in presumptive Basis U/s 44 AD the PGBP Profit Books not Maintained , Which ITR Form Select
1) ITR - 3
2) ITR - 4 (SUGAM)

Please advice me

I have made profit in frst two quarterstaves and loss in next two STCG page demands filling quarter wise information but the utility do not accept negative values. what should i do

Hii,
Can anyone please help to know what amount to be taken as Cost of Acquisition for an inherited property which was bought around 100-120 years ago and which don't have any records of purchase.
The Property is sold in April'18.
Thanks in advance...

A registered dealer of andhrapradesh comes to odisha and purchases goods.The odisha dealer records the gstin of A.P dealer in his invoice.Now what is the place of supply in this case and what tax will be charged in the invoice by the odisha dealer cgst& ogst or igst?It is a intrastate supply as the delivery made in odisha?

My father is a retired person with income only from interest on bank deposits. Since he had submitted form 15H, NO tax is deducted by the banks. (They refused to provide proper Form 16A since there is no tax deducted and have only provided bank interest certificate on their letterhead). However, Form 26AS shows that they have provided partial information to Income tax department. For example, one bank has paid total interest of Rs 1.2 lacs (as per the bank interest certificate), however, the Form 26AS shows that they have paid Rs 28450 as interest with “Tax Deducted” zero. We understand we have to compute tax as per the amount shown on bank interest certificate.

My question is with respect to filling section TDS2 of ITR-1. In this section, column “Amount which is subject to tax deduction” shows Rs.28450 (which is fetched from Form 26AS). Do I need to change this amount to actual interest paid i.e. Rs. 1.2 lacs? or should I keep it as it is? We don’t want to answer IT Department queries for mismatching the numbers what they have in their system and what we put up in TDS2 section. Please advise, so accordingly we will file ITR. Appreciate your response on this query.Thank you.

i m received this notice with local department
Gentleman,
Please refer to the above subject matter. In this regards,it is to bring you to your kind notice that as per the list received from the Board, your company name(M/s Mishba Collection ) comes in the list of the assessee where supplies are being shown (as seen in GSTR-2A) but no outward supply return is being filed.

Hence, you are requested to give reason for non filing of your outward supply return to this office and file the same at the earliest

I have sold my Residential Plot in March 2018. I intend to purchase a Residential Flat in other City within 2 years and for that I am ready to invest 30 LAKHS. Net Sale Proceeds from Plot is 20 Lakhs. LTCG comes to Rs. 15 LAKHS. I have planned to invest the Amount in Capital Gain Account . I know that if I invest entire amount of my Net Sales Proceeds of 20 LAKHS in New Flat , I will get full exemption of LTCG Tax on 15 LAKHS @ 20%. I am confused whether I am required to Deposit entire Sale Proceed in Capital Gain Account OR it will be sufficient to deposit only Capital Gain amount of 15 Lakhs. I intend to deposit only 15 LAKHS and while purchasing New Flat , I will invest from my other sources. Kindly clarify.

Hi,
We have sold a plot in May 2018, we inherited this plot via Will, but this plot was not diverted, so I am not sure whether it is residential or commercial. With the sales proceeds I would like to buy a residential apartment/Flat either 'ready to move in' or under construction. I would like to know how much time do I have to buy the apartment before I am charged long term capital gains tax.
Do I need to show this transaction in my IT return for the year 2017-2018.
Please note that I already have a house on my name but this one will also be sold within one month and I will combine the sales proceeds from this house and the plot mentioned above to buy a new apartment.
Thanks