Dear Experts I have received notice from the Department stating that Tax Payer has claimed gross receipt or income under the head PGBP more than Rs.50 Lakhs. However, he has not filed Balance Sheet and profit and Loss account and has not got the books of accounts audited.

I have filed ITR3 I am a Doctor providing consultation to hospitals. My Total Gross receipts during the F.Y 2016-17 is Rs.25 Lakhs and declaring 50% Income in such cases is it necessary to audited my books of account with CA. I have submitted the reply stating that My total Gross receipts is below Rs.50 Lakhs and not agree with you send the notice. Again department rejected my return and asked to reply soon. Please advise in this regard. Thanks in Advance.

Dear sir
Xyz company give a contract to A (A not covered under GTA) for goods load in a truck from the godown and unload in other site. For this work xyz pay rs 1000 to A. A have not any truck. A contract to B for that work (B cover under GTA). A pay rs 900 rs to B. B issue a consignment note to xyz company.
please guide me what action should be taken by A and B.

Sir,
Assessee is a charitable trust not registered under section 12 furnish return in form no ITR 7. On processing department is demanding to submit the return in prescribed form ie ITR 1 to ITR 6. What should be done now.

Sir
Can partnership business can apply composition scheme. Kindly advise. Me..
And what is the turnover limit?

can exemption under section 54 & section 54GB both can be avail in a single gain transaction?

Hi Friends, assessee is loose vegetable seller at APMC. he does not require GST registration. but now when filing itr4, there is message poping up, gstr no is mandatory. his turnover 40 lakh. what to do??

Is LUT can be filed online for non payment of IGST on export of services to foreign country? A dealer receives amount of 150 dollar which is credited to his bank account by foreign party,but the Indian party has not issued any invoice.Is he liable to pay IGST on the amount received?

sir, our client received cash Rs 325000-00 in two different events from a signle custemer, each event below two lakhs, as for recent amendament of income tax,he liable to pay tax or not for above transaction. please advice me

one of my client is a chemist drugist retailer and was a normal tax payer for the period july to december 2017. He registerd as composite dealer from 1st jan 2018. he has not yet filed his gstr4. His yearly turnover is around 21lac.

My query is whether details of purchase is required to be given in gstr4 since they dont get ITC. Also, what will be his liability for late fee and whether switching to composite dealer beneficial to him?

An assessee bought a House Property in 1994. He wants the sell the same now. In order to Computer the Long Term Capital Gain the assessee can take indexation benefit by taking Cost of Acquisition as Purchase price or FMV as on 01.04.2001.

How can one arrive at FMV as on 01.04.2001? How can one prove that X amount was the FMV as on 01.04.2001 in case Tax Officials ask the same?