while doing GST migration I was uploaded wrong documents and regarding that I generated ARN also i want to know what was the consequences regarding this issue and how can I correct this mistake...??? please help me ....!!!!
For section 87A ..exemption limite is 5000
For f.y.2016_17??
If the landlord incur some expenses for providing basic amenities ( Gardner facility , lightning and lift maintance ) to tenant . does it will have some affect on house property income ?
Dear Expert,
An accountant deducted TDS on Salary paid to the partner of the LLP Firm and deposited the same in Govt account and filed the TDS Qtrly return and issued Form 16 to the Partners during the F.Y. 2015-16.The total Partner Salary paid to each partner is Rs.4.50 Lacs, TDS deducted Rs.5,000/- each
Further As per ITR of the firm The allowable Remuneration to each partner is Rs.0.75 Lacs only.
Please tell how much amount of Salary from Firm to be shown in ITR-3 of the partners under Income from Business or Profession and how can Amount reflected in 26 AS of the individual partner u/s. 192B will matched with ITR-3.
Thanks in Advance.
Regards
I am asking my question in story format for better communication of my query. Please spare your precious time and provide your valuable guidance in the following matter:
Mr. Rohit is involved in MLM business of a company (Say Amway or Oriflame) whereby various persons are being continuously added to his downline.
say, both in left leg and right leg, thereby creating a tree.
For example Mr A in right leg and Mr. B in left leg are added to downline of Mr. Rohit. Subsequently Mr. C & D are added to right and left leg of Mr. A and Mr. E & F are added to right and left leg of Mr. B and so on......
Mr. Rohit earns Commission for any purchase sale of products made by persons in downline and also for further extension of downline trees.
Mr. Rohit is having a valid individual PAN Number and a Valid HUF PAN Number.
Now, Mr. Rohit has also added another PAN representing Mr. Rohit (HUF) to his downline.
i.e his HUF PAN is added in downline of his personal PAN. Consequently some amount of commission is also generated under HUF PAN.
Mr. Rohit has been assessing his personal commission income regularly under his PAN and accordingly files return of income.
1) Now the question arises that whether : -
the commission income arising in Mr. Rohit's HUF PAN will be clubbed with Karta's individual income
or
the commission income arising in Mr. Rohit's HUF PAN can be nornally assessed under HUF Income.
2) Will the assessing officer object if the income is assessed under HUF??
Respected members,
Under which section [139(1) or139 (4)] I will file income tax return of my father for the F.Y 2015-16 (A.Y. 2016-17). If I want to file the return tomorrow I. E. 23/3/2017.
If your answer is 139 (1) then what if I had filed the return u/s 139 (4).what should I do now and what are it's consequences.
Please look into the matter and reply.
All replies will be highly appreciated.
Thanks & Regards
Arun
A new company of nine months, Nil return filed for first quarter. Few months back, it's TIN got cancelled, however reason not known because of non receipt of notice. Should we further write an application to sales tax to find out the reason for cancellation or we should apply for a new TIN. Suggestions highly appreciated. Thankx!!
No one replied replied only for girls question
When prepare Balance Sheet,P&L of small trader, retailer & businessman who's turnover below 20lakh which ratio should maintain. or logic applied
Dear Sir,
We have a Pvt Ltd company, At the time of GST enrollment we did not check the Legal Name of Business (as per PAN) and Legal Name of Business (as per current tax Act) because it is auto populated. We have enrolled in GST and ARN is now generated.
Now my question is can we change or amend the Legal Name of Business (as per current tax Act) after GST Law is applicable because Legal Name of Business (As per PAN) are correct but Legal Name of Business (as per current tax Act) appear our Managing Director Name.
You are requested to please let know the procedure.
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