mr x received mact claim of Rs 800000 and interest Rs. 125000 but insurance company deducted tax (Tds) @ 20% so i want to know that it is exempt form income tax or not u/s 10

If a Propitiatory Firm receives royalty fees for Mines from the Partnership Firm in India, If the Royalty receives firm incur the expenditures, Can the expenditure can be adjusted against the Royalty fees Received amount for the purpose of the Income Tax. Na How to account for it in books of A/cs. Please Request you good-selves to clarify> Please tell me the Tax implication of both Income Tax & Service Tax/
Hoping get an early reply from you Sir,
With regards
L.Keshav ,

sir, I filed it return of my client in ITR 4. EMPLOYER of my assesse was detected tds u/s 194j . sir filed return itr 4 professional income .and climed refund because they have no taxable income. but m not filed balance sheet . I filled only the p&l recipe amount sale of service head . because they worked in a company & no taxable income so feeled there is no need for balance sheet. but now I received notice u/s 139.? now it is passed 31 march can i file defective return now

where will i get form 16

Respected Concern Authority

Question ) what will be the Tax Position in case of Surrender of Tenacy Right of Commercial Property, Is it Consider As transfer Under Income Tax Act, If yes what will be the Cost of Acqision , and what will be the exemption Sources?

please Guide

Dear Expert,
A courier agency who's turnover is 3800000 (38 lac), which itr form applicable.

Hi,

Suppose a person is having a small business , where he make annual income of Rs 100,000/-. And is also doing having speculation income ( buying/selling same day on equity market) of Rs 145,000. Now how much tax he will pay, if any ???. As it is below taxable limit

I Have a business of building material. During the financial year 2015-16 A Y 2016-17 my gross receipt was 330000 and expenses is rs 70000. i also investment in section 80c rs 39000.
now i have received notice u/s 139(9) read with 44AA. I DOTN UNDER STAND THE REASON of notice please clarify.

whether UPS purchased for computer already in the company can be capitalized?
no computer purchase in the current year

Please suggest me! Thanks