Any deduction available on kidney transplantation ?
I am a retail trader of sanitary items. On 01.04.2016. I had a cash in hand of Rs.13,24,000/-(already reflected in my IT Return) During the period 09.11.2016 to 31.12.2016 I had deposited cash Rs.31.00 lac in my CC a/c, including Rs. 6,29,500/- deposited on 13.12.2016 (for which explanation has been sought from my by IT deptt.)
During the said period my cash sales was around Rs. 21.00 lac.
Opening balance on 01.04.216 = 13,24,000/-
Cash sales during 9.11 to 31.12.16 = 21,00,000/-
Less: Cash deposited during the
said period = 31,00,000/-
Personal drawings = 1,00,000/-
Hence, Cash in hand on 31.12.16 = 2,24,000/-
Please guide me as how should I fill the Explanation Sheet ?
Neither any cash withdrawals from banks nor any cash purchases by me.
I am going for big4 for my articleship. So should i choose IDT or Statutory audit?
Anyone here submitted online response to IT dept for depositing over 3 lakh? Thn what should I write in the remarks field?
TDS on payment of licence fee to railways for tower space. Thank you.
Deduction under chapter VI A, in which section HRA and CA are exempted?
In case of physical pdf form, attestation of CA is required. But in case where photograph and signature appears on portal , we are not required to take the print out... Will CA attestation be required (anywhere other than certificate of service) in case where no print out is to be submitted by post?
Respected Experts,
Please help me to resolve the below query :-
One of my friend is running proprietor concern & it shall be achieved a turnover around 90 Lacs in F.Y. 2016-17. Also 80% payment recd. through cheque or NEFT / RTGS, 10% to be received through digital payment (chq. or NEFT) & balance 10% (upto 31-01-2017) recd. in cash. It is possible to declare his income from proprietor concern 6% on digital payment % 8% on cash received u/s 44AD as details below :-
- 6% on 72 Lacs (80% of 90 Lacs) = 432000/- (Payment received through cheque or NEFT/RTGS)
- 6% on 9 Lacs (10% of 90 Lacs) = 54000/- (Payment to be received through cheque or NEFT/RTGS)
- 8% on 9 Lacs (10% of 90 Lacs) = 72000/- (Payment received in cash)
Can we do the above in f.y. 2016-17.
Please advise.
Regards,
Rakesh Sharma
Dear sir/madam,
I am a coaching service provider at MPCA. i received only salary from MPCA and i am not paid any rent and other to MPCA.
When i am going to mitigate my service tax registration into GST registration following problem occurred:-
1. Detail of Principal Place of Business- Residential Add. or MPCA Add. ???
2. Nature of possession of premises:-
- if choose MPCA Add. then - nature of possession is owned/rented/shared/ consent/leased ??????? which one i choose ??????
- If choose Residential Address- is it correct or not ?????
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Chapter vi-a deduction