Not filed IT return since income belwo taxable limit. for the period ending 31.3.2016 due on 31.03.2018.

However there were transections in share market mostly not profit. The IT dept has flagged values for about 30=40 days when turnover was above three four lacs having profit of one or two thousand or loss on other days.

How to solve this querry.

Dear Sir,

Some of our colleague submitted the School fee receipt for there ward. the fees are including Tution Fee, Special Fee, Admission Fee, Caution Deposit etc and they said there is SC/HC judgement that all fee are exempted in Income tax except Building Fee, Development fee and other in this nature.
Please help me out whether it is correct. what are the fees are exempted in Income tax and what not?

Thanks
Hari Krishna

An individual asseese is having income under the head Salary, Income from
House Property and Income from Other Sources.

Such individual has taken on rent the residential premises from a Pvt. Ltd. Company
Rent paid is Rs. 100000/- per month which such individual gets deduction against
House Rent Allowance Received.

Query is: Whether such individual is required to deduct TDS on such rent paid with reference
to Section 194IB

Such individual is paying rent from 01/04/2017, for what period Tax is required to
be deducted whether w.e.f. 01/04/2017 or w.e.f. 01/06/2017

i taken loan from some friends as unsecured loan of rs 50lac. now i have to pay interest and need to deduct tds on it.now my query is i have to pay interest amount to party before 31st march? or i can pay in April ?

Dear Sir,

As per 26th meeting of GST council meeting Reverse charge has postponed till 30th June 2018 so may i know that Reverse charge will be continue applicable on GTA for the period of 29th March 2018 to 30th June 2018.

Sir,

Mr X has filled Trans-1 on the basis of Invoice on which seperate credit is shown ?

my question is what entry is passed in books for such credit

please reply on uregent

A person has purchase a residential property in year 2012 then after he purchased another residential house with its jointholders in 2015 and then after he sale the first residential property in 2016 on which LTCG arise

so in that case we can take deduction under section 54 of income tax.

What is the time period to settle vendor's bills payment if we have taken input credit from the bill.

Hello,
With due respect to experts I would like to ask that can I get a rebate of interest on my car loan during my Income tax return filing?
If yes, then how much rebate is allowed?

Someone told me that it is only available if you have business with the same pancard, is it true?

Please help.

Dear Expert,

I would like to know that if the director of company want to buy BMW cars and want to take benefit of Depreciation in income tax of company accounts ant GST benefit. Can director do it? . Please advise and suggest me how can i take both the benefits in company income tax.

Thanks