One of my client received motor accident claim around 6.5 Lakhs from Insurance company as her husband passed away due to an accident.

But company deducted TDS around 1.3 Lakhs

She has no other source of income.

Is this claim fully exempt as various supreme courts orders specifying this ?

If its fully exempt how we can claim in ITR. whether we can show total income as exempted income and claim for full refund ?

Sir,

How can I file IT return for A-Y 2017-2018, A-Y 2016-2017 and A-Y 2015-2016

Whether expenses incurred like packaging & forwarding charges for sales on which GST has been charged will be included in turnover.

Please explain

Can a CFO of one company hold the designation of Director(Executive/Non Executive) for another Company.

Hi there,

I am an office manager of a foreign subsidiary (b2b). I do not have background/understanding in/of accounting and tax. Please help.

My managing director wants to check with some accountants/tax experts in India to understand the following:

1. Legal and Tax efficient way to remit profits made on sales, from India to overseas.
2. Of the following DTAA which would reduce withholding tax? i) France India DTAA ii) Singapore India DTAA iii) Dubai India DTAA and iv) Mauritius India DTAA.

Thank you
VRK

Sir / Madam ,

We have owned one office car for our Director in our Company name. We understand that GST input claim is denied on Car vide section 17(5) of CGST Act 2017 while purchasing the car. But somebody told us the GST input claim on repair services held on such cars and GST input claim on Insurance premium of such cars can be availed.

1) Recently we have made and have paid the repair service charges / spares on our office car, Can we claim the input GST claim charged in the service / spares Bill?
​
2) Also we have paid the insurance premium for that car which is included with GST tax component. Can we claim the input GST claim in the insurance premium?

Kindly advise us whether can we claim or not​?

Advance Thanks,

with warm regards,
Bazeer L

A person ( residential Indian) is working out of India so his salary credited in their bank account as well as he received monthly salary in India also. I want to know how to calculate taxable income for foreign income FY 2017-18, Please suggest.
Thank You

One of my clients had sold 4 of his vacant sites during F.Y 2017-18 and got Capital Gains on each site. He purchased a Residential Property for Rs. 1,50,00,000/- in the same F.Y 2017-18. His total LTCG of Rs. 36,72,000/- (3,43,000+2,60,000+69,000+30,00,000). How to reflect in IT Return i.e., 4 different entries or 1 single entry. Please advice to me and do the needful and oblige.

Accrued interest income has been accumulated over the years. During the current year I need to reverse all prior year accumulations. Where should I disclose such reversal in financial statement? Whether it will constitute as a prior period item or an exceptional item? What are the disclosure requirements?

Regards.

I have applied for TAN on 17th May.2018. I checked the 'status' in NSDL website
today and saw that TAN is allotted. But the TAN displayed therein is CHXXXXXX7D.
How to know the full TAN through website. Kindly share the procedure here,