I started my business as proprietorship after 1year i changed it to partnership but unfortunately changes was not made in Vat. Now i get dual provisional id One from Vat dept. and one from service tax dept. I want to know which id should i activate and how i can surrender other id

Sir,
Only source of Income for our apartment is Interest from FD. That too doesn't cross maximum amount not chargeable to tax. But TDS got deducted. I'm a College Professor I will submit the return for my apartment on my own.
1. My question is whether books need to be audited by CA? Is it a must?
2. Are we supposed to deduct TDS for payment to Lift Service Personnel for AMC?

Hi

Please let us know tds would be applicable on payment for seminar sponsorship & participate in workshop/seminar.

Please clarify same.

Hitesh Rustagi

I left employment during the year and started activity of commission agent for sale of machinery. Therefore I have Income from Salary on which TDS is deducted in Form 16 and income from commission where TDS is decucted in Form 16A as per Section 194H. The Commission received is less than Rs.2.0 lakhs.

The New ITR 4 Form is shown as not usable by those having commission income. Is it compulsory to get books audited u/s 44AB only because form ITR 3 is compulsory. The nett profit from the commission business is about 80% of the gross receipt after taking into account expenses like travel, conveyance, phones and internet and after accounting all TDS I also had to pay some advance tax in March.

Going forward is it compulsory to get books audited for commission business even though receipts is less than Rs.50.00 lakhs.per annum.

On reading form ITR 3 it asks whether I am liable to audit u/s 44AB. On reading ITR 4 instructions it says that filling the form is voluntary for those doing specified business or profession but they may choose ITR 3 and get their books audited.

If I wish to subject entire 100% commission for tax can it be taken as income from other sources and fill ITR 2. If yes, what is the limit of receipts?

i am confused whether to purchase lectures of ca farooq Haque sir or Vinod Gupta sir for ca final direct taxes....

Turnover of My Client during f.y. 2015-16 is 94 Lakh, during 2016-17 is rs. 1.15 Crore
My Question is whether he is Liable to Deduct TDS during payment Made in f.y. 2016-17 and 2017-18.

Dear All,

I am working in a private institution. My parents lives in a rented house in a different city and I pay the rent of that house. Am I eligible for tax benefits for HRA?

Dear Sir / Madam,
I am retired teacher and my husband too has retired from private service. Both of us now have our income sources only from Bank FD's, pension, post office savings and some dividend from Equity based Mutual funds, and 8% Taxable GOI Bonds-2003, we do not have any business or professional income or any income from property. We have been filing our tax returns for past 30 years regularly each year.
For past 2 years we were e-filing our returns in ITR2A. For AY 2017-18 I am told that for retired people like us we can now file ITR1. Is this correct? What is the correct procedure and form for us? My annual gross income is less than 6 Lakhs and my husbands gross income is less than 10 lakhs.
Request your kind clarification on our request. We both have our aadhar card which we have linked to our PAN as required for e-filing IT returns from this year.
Thanks
Sherryl

Dear Sirs
I am planning to go for CA practice.
Will you please suggest a book for GST which is useful from the professional point of view?

BILL FOR 2 LAKHS PAID ONE LAKH IN CASH AND ONE LAKH BY CHEQUE
WHETHER TCS HAVE TO COLLECTED ON TWO LAKHS ON ONLY ON CASH PORTION I.E.ONE LAKH
PLEASE CLARIFY URGENT