Dear Sir,
I am a salaried individual aged about 30 yrs. I am planning for my tax for the AY 2018-19. I have already invested enough to claim full benefit of Rs 150000 under section 80C of the Act. Can I further invest in NPS for claiming additional deduction of Rs 50000. Is that allowable?. Kindly suggest

During financial year 2015-2016, I had sold a plot of land, which was purchased by during FY 2011-12, I had incurred net loss on the same after applying indexed cost of acquisition.. While filing my IT return of AY 2016-17, I did not reflect the above in the IT return. I e-filed my IT return during Sept.2016. But subsequently, during Feb.2017, the purchaser deducted 1% TDS on the sale value of land, which was only learnt by me from Form 26AS. As such, please advise me what should I do now ? Whether I should claim refund of above TDS in AY 2017-18 ? And If I claim refund now, whether question will arise as why I did not reflect the long term capital loss on the IT Return of AY 2016-17 ?

Hello All
My client purchased a property from a NRI . He has to deduct TDS and to deposit the tax to Govt. I am not able to guide him at what rate he should deduct and which form we will choose for deposit the amount.
NRI Party has not having pan No also. Pl guide what documents required for doing so.
Regards

sir, which itr should be used for partnership firm without presumptive tax and without audit?

Hi Experts,
Please advise if Sec 44AA(1) covers retainership fees earned by an individual from a company. Earlier the individual was an employee of a company. After retirement, as per company policy, the individual is treated as full time consultant (Retainer) and a fixed amount of Rs. 100000 p.m. is paid. I just want to know if he can take benefit of section 44ADA (Presumptive Taxation).
Thanking you in anticipation
Ramesh

I am a newly qualified chartered accountant starting my practice.Please suggest me the best income tax software among the ones in market now.I considered Winman and Genius softwares and confused to decide upon one.Kindly suggest.

MY SISTER RECEIVED NOTICE FROM INCOME TAX THAT TIME DEPOSIT EXCEEDING LIMIT Rs. 2,00,000/- IN FY 2013-14 THEN WHAT SHOULD I DO

Dear All

Please suggest.

When a person purchase a Insurance than he need to pay premium. for example: if i paid premium amount of Rs.11800/- including 18% GST , then whether i need to get exemption full amount paid for premium under deduction u/s 80C ?

Please suggest the same.

We applied for cancellation of GST registration and received mail stating cancellation will be effective from 9th of March,2018. we needa to file any Final Return like GSTR 10?

Hi

Please advise me about How to get any firm registration both proprietory and partnership and partnership registration.Please brief me about the process of registration and documents plus cost.

Regards
Sachin