A person received Rs. 350000 for relinquishment of right of possession before sale of property. He is only having possession of piece of land not title. that person having possession from over 30 years. ITO has allegedly made addition of Rs. 350000 to the income of the person. Now the case is under appeal. What are the grounds for relief in that case.

for 17-18 assessment year i filed a company return . the company has not yet commenced and there is no Profit and loss account . noe dept is asking me to rectify the return by filing P&L account. what is the solution

Dear experts,

Please guide on standard deduction.
whether standard deduction rs.40000/- is applicable for fy 2018-19?
if applicable the should i deduct flat 40000/- from annual gross salary to calculate tax?

Please advice

We are paying RCM on freight to GTA, rent to landlord and other. We are entitled to get ITC on the same. Where in the GST return, the RCM paid amount should be filled to get ITC on the same or the same would be automatically credited to our account ?

Mrs. ABC is running a Sole proprietorship business since last 5-6 years. During last preceding financial year books of accounts of business were audited as per income tax provisions. Now she wants to transfer her business to her Son Mr. PQR. Please let me know whether she can transfer the business to Mr. PQR? If Yes, what are the legal requirements are required to be fulfilled?

Our Company ABC Private Limited is struck off company and petition for revival under section 252 of Companies act,2013 is pending before NCLT. Time limit for CODS, 2018 has passed. Even if company is revived by NCLT then also directors will remain disqualified or disqualification will remove if company is revived by NCLT .....? NCLT has a power to revive company. Does NCLT has a power to remove disqualification and order activation of DIN ......? Does directors have to file writ petition before High Court for removing disqualification after revival of company by NCLT ...? How DIN will be activated..?

I have to transport some low value goods (4-5000) each to 25-30 people in one truck. All of them are unregistered and I will issue invoice separately to all. Do I need to issue ewb separately for all bills? distance exceeds 50km

I have an order from Turkey. I want to buy the goods from China and then sell it to Turkey. Can this be done under High Sea Sales? If yes, how do I enter in HSS agreement, as it is an overseas buyer?

Or if there is any other way that I can directly export from China to Turkey, please let me know.

Dear Sir,
We are a company in West Bengal . We have a party (Buyer ) in Patna Bihar . We sell goods to him . We have with our parties agreement to despatched the goods at different consignee address .
For example : Our Pary is XYZ (Buyer) in Patna Bihar but we dispatched goods to ABC(Consignee) at Darbhanga Bihar.
Now my question is for which place we should generate the Way bill . In our Tax invoice we mention the name of both the parties Buyer and Consignee but in way bill there is no such option to provide. How to issue way bill in this case . Address of Buyer or Consignee to be given ??
Pls advise .

Here my question is about professional tax
if employer's company is based in banglore and their employees are working and proving the services in delhi to the companies client and getting salary from banglore from their employer whether professional tax is applicable and is to be deducted by the employer or not