My brother have income from Tution fee Rs.350000/- and Commission on sale Rs,300000/- After expenses net Income Rs.575000/- can he file ITR u/s 44AD

in year FY 2017-18 i have hp loss of 800000 of which(of which current yr loss is Rs.200000 ,since as sec 24(b) is amended,so maximum loss in a year can be only 200000) i have set offed with other heads of income upto 200000 . So i c/f Rs.600000 to 2018-19.
In the year 2018-19 i have hp income of 400000. Whether i can set off Rs.400000 ???? or only 200000

Sir,

In a partnership we have turnover Rs.2925000/-get a profit 649750/- after Salary of both partner its 169750/-So can we need to do tax audit. and tax calculation amount of 649750 or 169750/-how much income tax we need to pay

Please reply

One dealer was found claiming excess sgst ITC in tran1 than what was in his original return filed for 6/17.The dealer was asked to reverse the excess ITC with interest.How he could reverse the ITC as there was no facility today I.e neither in gstr1 or gstr3b.Is it suggested that the dealer to deposit the said excess ITC in tax and interest head.If he deposit,then there will be possibility for adjustment of said tax in subsequent tax period.Thus how he will reverse the excess ITC so availed?

Dear sir/ madam, Composition dealer are required to pay tax on URD purchases?

A proprietor OF A firm received above intimation from CPC, Bangalore. The proprietor as shifted residence from Tuticorin, Tamilnadu to Bangalorer had applied for change in jurisdiction. In his return for AY 2016-17 he claimed for FTC under DTAA. CPC had transferred the file in May 2017 to AO, Tuticorin as found in PAN details as they did not have facility to verify foreign tax payment. The AO, Tuticorin had not assessed as the address noted in PAN details was not in his jurisdiction. But the jurisdiction is yet to be transferred. Now in March'18, CPC had assessed and sent the intimation u/s 143(1) in which they had not considered FTC under DTAA. They had not rejected that claim; Not considered/referred. Now to whom the proprietor of the firm apply for reconsideration.Is there any provision in e-filing portal. The tax consultant had made much confusion while filing the return. Nw the Proprietor himself has to proceed wityh the advise of experts

While filling GSTR 1 of one of my clients, I noticed that outward tax liability that is coming as per GSTR 1 is much more than than filled through 3b. What are my options in this case?

Should I submit the reverse charge on freight bill or builty whether the bill is builty is less than 2000 ?
Please advice me on the such matter as soon as possible....

Dear all,

I have salaried person & my second income source is Share Market, but i have loss in share market.

my question is can i claim shares loss in my IT Return & second thing is return due dates already gone. ( F.Y. 2016-2017)

Please suggestion me..... Help me.

My Mail Id - ramdas.dhumal@yahoo.co.in
My Mob. No. 9922028796

Dear Sir,

We are a manufacturer, We have done the export and paid the IGST, when we are claim the refund amount of IGST, we have receive the message from the custom that, "Suspended, please check alert against IEC" what is meaning of that?

please inform me, what should i have to do.

Waiting for your reply.

Regards,
Samir Belim