We have made a mistake in obtaining name approval . Instead of selecting company limited by shares we have selected company limited by guarntee. is there any remedy for the same.

Hello,

Can anyone please suggest us whether the last date has been extended further or not to file VAT returns (S.T. returns) for FY 2016-17 after May month.
If so, then what date.

If not, then can we still file VAT returns with penalty. What penalty will be levied. Will it be on per day basis.
Can you please suggest with details.

Regards

In case of Amalgamation in the nature of merger what should be the treatment for Security premium lying in the books of Transferor company. Whether it will be added to the security premium of the Transferee company or will it be adjusted with the reserves of the Transferee company?

One of my assessee has received Rs. 2,65,000/- from LIC Matured (3 different policies).
What will be the tax treatment of the said amount?

I wish to GIFT my flat to my deemed daughter without any consideration. The valuation for the purpose of Stamp Duty may be more than fifty Lakh. I want to know that TDS on Property will be attracted on this deal. My deemed daughter is neither my legally adopted nor my real daughter. I can not adopt her due to some legal restrictions. She grew up since childhood and is married, aged about 26 years now. I know that WILL is one way to gift her the property, but I do not want that my will may be challenged in court of law after my death by my greedy relatives and she may have to face many troubles. What other Income tax rules shall be there for this deal. Please oblige me by making me aware of the same. You may reply me at my mail ID

SBC @ 0.50% + KSC @ 0.50%
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A Commission Agent has raised his bill of commission on booking of orders and add SBC @ 0.50% + KSC @ 0.50%. What are these charges basically ? Whether these charges are mandatory ?

What are the steps to get the credit of unconsumed tds challan on tds traces site???

Sir
I would like to question is if my client receives rent for Rs.100000/- monthly through cheque from the bank lease then is he liable to report to the department.
Pl clarify the form no he has to fill if he is liable.
Regards

a individual is showing his income as consultancy business. nature of business is SERVICES OTHER Can he file his ITR 4S for A.Y. 2016-17 plz Reply with explantion as I am confuse with the word specify in section 44AD "ANY BUSINESS " can we understand it as any business whether it is services or this section is only for trading/manufacturing business ?

Dear Experts,

Kindly answer my query regards how should a person file for tax (which ITR etc. for AY 2017-18) who is liable for tax under both Sec 44AB, i.e., running a professional services provider outfit with gross revenue under Rs 1 Cr., and with personal professional consulting income with gross revenue much below Rs 50 Lakhs. As per example provided on some IT department doc that I remember, such a person is not required to maintain books of accounts since these two incomes are below the audit limits.

However, how does this person file the tax returns for these two incomes in this case? Should such a person file NEW ITR-3 (which is older ITR-4)? If so, then in this case, how does he opt for presumptive taxation for the individual professional earnings that are mentioned above? Should he show the expenses against his individual professional earning at 50% (or LOWER), so as to be treated in a presumptive manner towards this income? Is there any cell or space to opt for this choice?

Thanks. Any guidance and/or with examples, and specific ITR to be used will be helpful.
Ravi