My father invested in Mutual fund ELSS in May 2015 with my name in nomination. He expired in June 2016 and subsequently, the units were transmitted in my name as I was the nominee in Sept.2016. Now after 3 years of investment, in May 2018, can i redeem these ELSS schemes and still claim LTG benefit under ELSS ?? As it is, these investments are in my name since last 18 months. What will be the taxability in my hands, if I redeem these units??

Land had been purchased in a Pvt Ltd Co in the year 2007-08 and Building was constructed and completed in the year 2008-09 and depreciation claimed every year on Building as per Income-tax Act. during the FY 2017-18 land and building had been sold. for calculating long term capital gain land is calculated long term under cost inflation index and building is calculated as w.d.w as on 01-04-2017 now the land is more than three years and it is covered long term capital gain since depreciation claimed on building how to treat whether it is long term gain or short term.gain

Dear sir let i(Principal) send goods worth Rs. 5lakh to job worker and job worker return goods to me after job work and charge RS.40 thousand. Now in that case on which amount job worker shall prepare E-Way bill i.e on 5lakh or 540000.

TDS is deducted from the income of One of my client for FY 2016-17, but due to certain reason he is not able to file Income Tax return till 31st March 2018. So is there any other way to file return now and claim the refund of TDS deducted on his income???

Hi Sir/Madam,

i have paid the salary tds challan on 28th april 2018. still it was not updated in the tin-nsdl website(as on today).

my client is in hurry to file the tds return.

how many days it will take to update the challan in the website for downloading CSI File?

or

is it possible to file the tds return without uploading csi file?


please advice me

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?