we are the doctors and make our association and got the pan number under AOP, we are not registered u/s 12A or any other, i want to know if we collect annual corpus fund from our life members is it taxable or not

271(1)(C) is applicable for non maintenance of books of accounts for non acceptance by Assessing Officer for source of income

Sir(s) / Madam,
We aware that from April 2018 onwards expenses over Rs.10000/- cannot be paid in cash (earlier it was Rs.20000) Section 40A(3) restricts to do so.
1.When we pay Rs.500000/- in cash towards wages to a number of workers. Shall it be attract penalty u/s 40A(3)
2. Advance payment made to staff over the thershold amount of Rs.10000/- in cash attract the penalty under this section? As the rule is silent about advance It only restrict the expenses in a day over Rs.10000/- in cash.We assume that there wont be any restriction to pay as advance of any amount. Is our assumption correct?

Kindly clarify

Bus service provider paid GST @12% on outward supply and claim ITC. now spose he book Tour as a package (including Travelling cost, hotel cost, food cost etc.) and charge fixed amount on single invoice (show per passenger cost), now my question is can he charge 5% GST on such invoice and avail ITC on tax paid on inward.

Income Tax Return from 2014-15 to 2017-18 has not been submitted.

How shall I submit the Return now for all the years?
Please advise.

How one can follow (learn) a new issue, topic or procedure to be followed practically ? How the issue will be practically improvised ?Do the institute will assist us(CAs) through any means, to implement practically, like publishing examples of real time situations ??? Like how ?

Can an executive director of a private limited company to which he is the executive director give loan to the company?

What books of account to be maintained by interior designer

If we raised 2 invoice to same customer for 45000/-& 10000/- in same day the total value is above 50000 so then e way bill is required?

Dear Sir/Madam,

My cousin is regularly filing IT return. But somehow he forgot to file Income Tax return for AY15-16 (FY 14-15) & hence he has received Income Tax notice that u/s 192 Employer has deducted tax & return is not filed. His total Taxable income will be Rs 503,000 after all deductions. Briefs are as below :

Fast Facts:
1) Salaried Employee Rs 7.70lacs & TDS deducted Rs 25700 (shown in Form16)
2) He claimed Self occupied House Property Rs 2lac ( shown in Form 16)
3) Deduction u/s 80C claimed Rs 80000 (shown in Form 16)
4) His Interest amt was Rs 13000 ( & claimed Rs 10k under Sec 80TTA ). He was not aware to show this income as IFOS . Hence after claiming deduction on Rs3k he paid Rs 800 as Tax as per I.Tax utility. TAX paid on 26th Mar 2018. ( does not have any other source of income )
5) As the return uploading is not available. Compliance reply given as Return under Prep. & Reason "Self-Not Known"

Queries :
1) Does he require any kind of communication to Income tax dept ? If yes, by electronic or physical mode?
2) What are the remedies available to my cousin ? Because he feels terrified by the notice & not wish to visit IT office.

Please help me regarding above issue at the earliest.

Thanks you in advance.