After filing the return for AY 2016-17, before 31st March 2018, can we file a revised return after two months in case it is necessary.
dear expert one of my client receive notice under sec 143(1) of not considering the income under sec 194A of fdr intt and we have file the revised return considering that income but we simultaneously increased 80 c deduction by 40000/- now can we again file revised return
procedure of filing income tax for tax refund
if we are purchasing a property of Rs 52.00 lakh in joint name. then we have to file 1 % tds on 2 parts with consideration amount 26.00 lakh or we have to file tds on consideration price of 52.00 lakh
question 2) we are applicable for 1 % tds or not ? as we have the property on joint name and when we filing the tds then the amount should be 26.00 lakh on each challan. which is below 50.00 lakh
Dear Expert,
My company is a service providing entity. It provide E platform to various publishers who are willing to provide their content to their customers in E format
Which is interactive and user friendly. We are subsidary of a company which is a company encorporated outside india(US). we provide them technical services
and they sell the whole finished product as a complete package outside india. basically we provide them with a service which is a very small part of the huge product
which parent company sells outside india in US. our major market is in US. As per the agreement bitween my company and its parent company There are some expenditures which Parent company incurres on behalf of our indian company they are in the nature of: marketing expenses, Salary to the employees who came from US and performed certain services here. Our parent company Pays those expenditure. Later our company reimburses those expenditure to our parent company as a part of agreement. Does this Reimbursement made attracts service tax is my question. ST auditor is of the openion that it does ammount to import of service. but we are of the openion that it is purely in nature of reimbursment and that we are not incurring any expenditure there is no invoicing made in name of our company hence it does not attract ST. Kindly advice.
Regards,
Ankur anand.
Can a pertnership firm file ITR in presumptive income without trading p n l accounts please suggest
A flat was purchased for Rs. 5,80,000 in Nov 2006 & sold for Rs. 27,50,000 in Jul 2016. A residential house was started constructing, & spent Rs. 7,15,000 in 2013-14, Rs. 15,85,000 in 2014-15, Rs. 15,00,000 in 2016-17, totalling to Rs. 38,00,000. What would be the capital gain & how much amount is taxable under "Income from Capital Gain"?
I have my flat is in Ahmedabad given on rent through leave and license agreement of 11 months.1. What is the best and legal practise to renew leave and license agreement viz just next day of expiry of 11 months or after some break.2. Is it possible that tenant can claim ownership of property being continuously living in property for say 5 years etc.3. Under what circumstances that tenant can claim ownership of property on leave and license agreement done for 11 months.It is humbly requested to please reply with relavant ruling.
DEAR SIR
KIND LET ME KNOW IS GST APPLICABLE ON PLAY SCHOOL FEES INCOME OR EXEMPT ?
An individual has one house property which is let out to two tenants during the whole
financial year and is also used by assesse for his occupation.
Query is: Whether in computation of income from house property, whether rental income earned
has to be shown in consoldiation from the two tenants
or
It may be separately shown for each tenant having the same property address
Please note that rent has been received from each tenant which is less than Rs. 1 lac
i.e. total sum received is 1.9 lacs
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Itr for 2016-17 assessment year