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

is 269st (rs.2 lac cash transaction prohibition) applies to co-op society regd. under state co-op society Act on acceptance of deposits r lending loan to members? if yes, wats d solution to avoid penalty? thanks in adv. (reply wid circular/notification if any will b appreciated)

Defaults and/ or PAN Errors have been identified in the Regular statement filed by you for Q4 of FY 2016-17 for Form 24Q and processed by ITD u/s 200A/ 206CB. Refer attached intimation for further details. Detailed computation of defaults is available in Justification Report which can be downloaded through TRACES. Please login to TRACES (www.tdscpc.gov.in) to request for Justification Report for the statement.

Please help this one

Hi All,

I have read so many articles on sec.44ADA and in most of the articles it is written that Sec. 44ADA is not applicable to LLP.

I have gone through the bare act and no where i have found that sec. 44ADA is not applicable to LLP. It is written resident assessee only. However, under sec. 44AD it is specifically mentioned that sec. 44ad is not applicable to LLP/Company.

Can someone through light? Thanks in advance