I want to construct my house. If i take a loan from bank for construction of my house in july 2017 and suppose my house construction completed in july 2018. then how can i claim tax benefit of EMI started from month july 2017

hello,
i have doubt relating to notification 08/2017 dated 28 .that notification says reverse charge provisions would not be applicable if the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, does not exceed Rs. 5000 in a day

In our view, the above limit of Rs. 5000 is only for taxable supplies by unregistered person. If any exempt supply is procured then such amount shall not be considered for the limit of Rs. 5000
.MY DOUBT IS if a registered person paying rent relation to commercial property TO UNREGISTERED person rent of 120000 for month.per day is 4000(4000*30) as per notification reverse charge is not applicable if the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, does not exceed Rs. 5000 in a day,so in the case aggregatevalue not exceeding 5000 per day so reverse charge is not applicable as per my view.please clarify whether reverse charge applicable (or) not.apart from iam not taking any goods& services from unregistered person

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Hi Experts

I am confused regarding applicability of Section 44AB and 44AD.

My client is a Partnership firm with turnover of Rs. 1.53 crore for FY 2016-2017 and Profit shown is Rs. 16.00 Lacs.

Whether Tax audit is required in above case? if yes, please support with relevant section.

I shall be highly thankful to you.

Sunny

Dear Sir,
In gst regime, Whether an assesse can claim ITC paid on capital goods - truck.
If yes then in how many installment it can be claimed ?

i uploaded my itr-4 for the AY 2016-17 as belated return .I filled in sheet PART A Profit & Loss in under the column where regular books of accounts not maintained I showed (Gross receipt Rs 605880) (Gross profit Rs 605880) (Expenses 328715) lastly net profit comes out Rs 277165 which is not taxable as per slab rate & which is not liable u/s. 44aa and 44ab , I selected both options as ‘NO’ I filled with blank balance sheet. but now i got the defective notice u/s 139(9) for the return intimating that "Tax payer having income under the head of profit & gain of business & profession but has not filled balance sheet & profit & loss account as required in explanation(d) under section 139(9) read with section 44AA.
I want to know when my income is less than taxable limit & properly I selected the option "No" across section 44AA & Section 44AB, then why dept is asking details for Balance sheet & P & L. Have I committed any mistake while filling return of income..plz share your views.
Thanks a ton...

WHAT PERCENTAGE OF MIMIMUM PROFIT SHALL LIC AGENT SHALL DISCLOSE IN INCOME TAX RETURN???

CAN ANY HAS ANY IDEA????

dear concern, my uncle is retired from Air force and now he is getting tension monthly, which itr form he needs to fill and pension comes under which head? uncle has also income from bank interest. regards Tarun

Dear Sir,
Our company in Delhi & Hired a depot in U.P. Rs.48400/- P.M.+18% IGST 8712=57112/- paid P.M., Land lord having GSTIN no. (Regd.under GST). Now i want to know that "How i can input Credit of Rs.8712/-"

Thanks
Ikramuddin Saifi

Whether deduction for partner's remuneration & interest is available to firm , if firm opts for presumptive taxation under section 44ADA of the Income Tax Act, 1961.
Thank u in advance

Hi All,

We are into Event Management Services, we conduct corporate seminar to our clients
we are bangalore based and registered under GST

for example if do event in HYD in five star hotel, we wil get CGST & SGST bill bcoz place of supply is HYD, can we claim this input Credit as we are registered under GST only Bangalore