I have filed ITR 4 return for A.Y. 2017-18 in August'17 through e-verify, but till now it has not been processed and neither mail from income tax department has been received nor any compliance been showing in onlline site. So, now, what will I do now?
A business Owner "A" provides a free online platform to content owner "B".. When end user "C" downloads the content he pays "A" an amount X + GST. "A" pays the GST to the Govt. Afterwards "A" pays 50% of X amount to "B" as a royalty. Will there be GST again on this ? If so, then will it not be a double taxation ?
(please note that content is NOT books)
Dear Experts,
For Business loan , which Income taken into account. i.e, Gross or Net Total Income
Regards ! Please advise me on the following Query :
1} What is the limit of Loan amount a share holder can issue to a private Ltd company
2} Can a Director give loan to a Pvt / Public Ltd Company - if yes then what is the limit of this Loan amount.
Is Loan Granted by a
(1) Bank
(2) Financial Institutions or
(3) Private Institutions
during the previous year towards the fulfillment of the objectives of the public charitable trust be treated as income /borrowings/loan.
Further: Is repayment of Loan be treated as expenditure/ deployment of funds.
A dealer registered under vat act has closing ITC of Rs.250000 in his last return filed for 6/17.He has not migrated into gst.He has been issuing invoices on the basis of provisional gstin.Now the purchasers can not avail ITC as the seller is not filing return due to migration failure.In the meantime the proprietor dies.How can the ITC under vat act be transferred to gst, If new registration obtained by the legal heir?
A state govt.employee has own annual NPS contribution of Rs.51000/-(10% of basic pay + DA)The govt.also deposit Rs.51,000/-.The employee has saving Rs.150000 in l.I.c under sec 80C.Now can he claim his NPS contribution under sec 80 CCD(1B)?Again can govt.share of Rs.,51000/- be claimed as deduction u/s 80 CCD(2)?
Sir,
A person has received enhanced compensation on account of compulsory acquisition of non agricultural land from the government during the assessment year 2017-18. Earlier he has received compensation for the same and claimed exemption under sec 54F. Does the enhanced compensation received attracts exemption under sec 54? Please clarify. Thanks in advance
Section 31 of the Indian Partnership Act, 1932 states that a person may be admitted as a partner either with the consent of all the existing partners or in accordance with an express agreement among the partners.
What is meant by "express agreement"? Please explain the difference between "consent of all existing partners" and "express agreement among partners".
Thanks & Regards
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Not processing of income tax return for a.y. 2017-18