Turnover for which period to be exceeds of Rs.1 crore for VAT audit applicability.

For example : If turnover for the year ended 31.03.2017 exceeds Rs.1 crore then for which year VAT audit will be applicable for FY 16-17 ya FY 17-18

assessee filed Belated return during the A.Y. 2017-18. But the Bank account number is wrong.

How to rectify .
The ITR is not processed . and the Belated return can not revised , so the assessee can not revised his return .
for rectification CPC intimation Number is mandatory . BUt the ITR is not processed.

How to Rectify the Return ?

Dear Sir,

I started my bsuiness (Vehicle Hire ) on January 2017. Til November i didnt get any work orders.Inspite of no work inorder to maitain vehicles to be in good condition i spent money on repairs & services charges. By doing this i got am amount of Rs:1,82,000/- as Input in my Gst. Now i got order for Rs:22.4L for a period of three months tenure. But the other party at the time of agreement said that dont raise GST BILLING,because he is not willing to pay GSt to me. they can provide only Tds to me. So inthis scenario how should i go without abiding Law.Please suggest me what are the necessary steps that i should do.

My client is working as a partner in a firm whose turnover is below 2 crore. Hence the ITR of firm is filed under 44AD for the assessment year 2017-18. While filing the partners individual return how remuneration and interest computed. As per the partnership deed, eligible remuneration is as per Income tax Act, 1961.

How to compute partners remuneration for a Firm filing income tax returns under 44AD for the AY 2017-18?

Whether there is a provision to provide remuneration and interest to partners, if they are not maintaining books of accounts? if so, how to compute the same.

Please clarify my doubt

Thank you in advance.

After the introduction of new penalty section 270A by finance act 2016 section 271(1)(c) becomes redundant. But in Assessment order received for AY 2015-16 which was completed in December 2017 penalty was still initiated u/s 271(1)(c). What's the reason for that?

Sir
Salaried Employee got an intimation U/s 143(1) for demand of Rs.1481.00/- which is Interest u/s 234B Rs.804.00/-,234 C Rs.677.
Total Tax Liability for the AY 2017-18 is Rs.28881.00/- and Total TDS for the period is Rs.28881.00/-.
TDS is deducted from monthly salary and employer had filed TDS reurn Quarterly.
How can I rectify this issue?
Is the interst calculated by the Depatment is correct , then how to compute interest?

Hello , my father has a house property which was purchased 3 years back
Now if part of the property is sold, can I claim sec 54/54f exemption ?
And we have no other property at anywhere.

Dear Sir/Madam

I;m now a director for a company. i have 1% share and Another director has 99% share . i want resign . what are the process i have to follow?

I was under scrutiny assessment for Assessment Year 2015. Now I have received intimation of demand under section code 143/3. Does this mean this is final assessment order? I have received this online but no order is enclosed giving details of this demand.

Can IT department raise initial demand ,followed up by final demand?

if i purchase land in 2002 but i construct building in 2016 and sold that building this financial year should i do indexation that construct amount means part of improvement amount...