If average inventory is `1,25,000 and closing inventory is `10,000 less than opening inventory then the value of closing inventory will be (A) ` 1,35,000 (B) ` 1,15,000 (C) ` 1,30,000 (D) ` 1,20,000

Hello sir, mam
I made an mistake while filing ITR 3 for AY 2017-18. I selected return filed u/s 11 "On or before the due date" while I filed my return after the due dates that is on 02/03/2018. Now what to do? Should I revise my return?...Pl help me.

please advise to marine engineer professional salary income tax file

In family owned pvt ltd company, Around 2 years back directors (family members) have incurred significant expenses on behalf of the company. Company doesn't have enough bank balance to repay the amount. The amount is appearing as advances from directors and no resolution was passed to treat them as loan. Now company desires to issue shares against these amounts, is it doable u/s 62 of companies act? what is recourse.

Sir,

I retired from my employment in May 2016 and while filing the return - ITR 1 for the Asst. year 2017 - 18, all my
retirement benefits have been included and I have paid the due tax and filed my return well within the time limit.

Now, I have 2 issues.

One is that, I have not claimed the rebate on LIC premium paid by me during the year 2016 - 17.

Another one is, that a total amount of interest of Rs. 66,000/- credited to me by my banker in the year 2016 - 17 towards my various fixed deposits has been omitted from my income mentioned in - ITR 1..( There is no TDS deduction on the FD interest )

Can I file a revised return now, altering my income to include the FD interest and simultaneously, claim rebate on my LIC payments and FD investment ? What is the maximum limit for me to avail the rebate for the said financial year.?

Please guide me.

How shall I go about.

Hai to every one, ple help me my friend father was not filed his return till now from AY 2009-10 to AY 2017-18, now he want to file his income tax returns , the refundable amount is around 200000/- more , how to file his return to get this refund amount , is their any process to file the return for AY 2009-10 to 2015-16 with out any headaches , is he has the form 16 & VI A deduction bills to get this refund amount , and what sec he has to file his returns , ple kindly share the information as early , i hope anybody help in this issue .... for any information mail me mravikiran2010@gmail.com

10000 ki limit cash m expenses ki hai yadi mein goods sale purchase karne wale ko creditor ko 10000 se uper ek single day m cash dikha sakta hun

Eg A company named X earns a profit of Rs. 6 crore in the F.Y. 2015-16 for which it comes under CSR. Should it spend for F.Y. 2016-17 for CSR if its profit for that year is RS.4 crore, turnover and networth is less than the prescribed limit for applicability of CSR?

Dear experts
What is maximum amount of penalty charged for GSTR 1

dear sir/madam,

i am working as accounts executive in proprietary business which deals in logistics & clearing business & now that proprietor wants to do another business in fashion designing.

there are 2 cases :

1) if she takes her fashion designing bills in her own name but using gst number of the clearing business will it will allowed.

2) or she wants to have its new business name for her fashion designing then she need to apply for new registration with new entity name in gst.

please guide on this...