Sir,
Recently, i got a notice from CIT regarding Dissemination of data of immovable property. In this case, i have purchased a agriculture land in anakapalle, visakhaparnam district. As per govt of AP the land price is 35 laks / acre. But due to the location of land (very interior) its not worth of that money as per local market. so we have purchased a land for the price of 13.5 lakhs/acre. Though we have paid stamp duty as per govt rate i;e 35 lkhs/acre, we have prepared documents as per original purchased cost i;e 13.5 lakhs/acre. Now, we got a notice from income tax department visakapatnam seeiking inforation about our income details.

Kindly suggest, how we go about it.

Thank you sir

I have given 5 attempt of CA final 2 nd group but I have not got success till now...fairly I have not given exam with serious attitude......
Now this time I am serious for my exam and I want to give both group...
My Actual position in subjects are as under:

1. FR: video classes taken by Parveen Sharma sir 2014 batch in 2016 except Holding chapter and Ind AS.
2. SFM: F2F Classes taken by Nagendra shah sir in 2014 except derivative and portfolio due to Audit work.
3. Audit: by Surabhi Ma'am 2012 video classes taken in 2016
Law: self study Munish Bhandari sir 2 chapter only...According to my friend circle I am good in understanding law.
5. Costing: sanjay Agarwal sir video classes
6. ISCA: by Memory Crafterz classes but now I will prefer Institute practice manual
7. IDT: Live classes of Rajkumar sir 2015 batch..
8: DT: VG sir recording classes 2015 batch

Now friends I am thinking to give both group this time...will u suggest me what should I do to prepare best for this battle and to succeed in it because you know that I have short time.

I would like your kindself to help me in Income Tax related doubts.

I am working on contract basis as a Lecturer in a Polytechnic Institute and getting a consolidated pay of 40000 Rs per month. My Administrative Officer is planning to cut TDS according to 194J. My query is whether its appropriate to apply 194J, as I need to suffice the same earned money for remaining 2 months as my contract terminates for every 10 months and every time there is no certainty that the contract gets renewed once again.

Sir,
my client is having a business with turnover of 21lakhp.a and having a commercial property with rental of 3lakh p.a
however business is registered under GST..

my query is whether commercial property shall be charged to tax i.e agreegate turnover shall also include rental income

if yes,
my question is
how will this be shown under GST returns ?

will he have to raise the bill under the business letter heads? or should be treated as business income ?
or shall have to regstered completely under rental income ?

thus while filing GSTR1 will he only show the business sale? or also rental income??

From my tax paid income, I want to gift Rs 2.5 Lakhs (250000/-) by CHEQUE to my brother-in-law i.e. husband of my sister by blood (‘sagi bahan ka pati’ in hindi). My brother-in-law does not have any other income this financial year.
1. Is it correct that he does not have to pay any tax on the money ?
2. Will a gift deed be needed ?
3. If he invests the money in fixed deposits or share trading this financial year, will the interest on the fixed deposit or profit from share trading be treated as his income or as my income (clubbing?) ? and next financial year ?

IS GST CHARGE ON CONSTRUCTION WORK DONE FOR PWD. Construction of Road which is non profitable to pwd hence it may not be liable to charge gst. Please tell am I right or not.

Whether family pension received by spouse of a Govt employee is taxable if the spouse is also a Government employee?
If yes kindly quote the relevant section .

I am CA Final student and have failed to clear repetative times. Now I wish to drop CA and start Tax Consultant Practice, Can I start Practice as a Tax Consultant with proper office under my name as Tax Consultant. Do I require to complete any formalities like registration or like that....or can i straight away start my office.
Please Help

Can an individual auditor be appointed after a period of completion of 5 years in a company which does not fall u/s 139 (2) after a period of 5 years ?Or cooling period of 5 years is applicable for them as well ?...if not then what difference does it make if company is eligible for rotation or not?

Dear Experts,

previously i am not registered under any act but as GST introduce we got registration in august 2017 but before aug we are not registered and no books of accounts are maintained but after implementation of GST we are liable to make books of account. now the question is in which itr form this return should file or separate return file for unreg. or for registered both. i am proprietor in this case.
in itr - 3 can both business can be shown one u/s 44AD (where no books of accounts maintain), another one with proper b/s and p&l.


Regards,
Sunil Kumar