Definition of PROFESSION is an inclusive one U/s 2(36). A makeup artist & Beautician wants to file his income tax returns under the scheme of presumptive tax under section 44AD.

Query : Whether Section 44 AD will apply or Section 44 ADA ? for an Makeup artist & beautician

The income tax return for the financial year 2015-16 (relevant assessment year 2016-17) can be filed up to 31st march 2018. Is there any penalty provision is applicable, if return is not filed before 31st march 2017.

my daughter is a teacher in Govt school. she has paid 50000 by pay order to IGNOU, a university for further education. is she entitled for any claim in Income tax. she has paid this amount from her salary account through draft.

Hi,

1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??

Son Gifted Money through A/c Transfer. what is tax libitiles in both??

Case1
Date of invoice is 24/10/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016

Case2
Date of invoice is 24/10/2016
Invoice received on 15/11/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016

When should we deduct TDS in both cases?

Hello Sir,

I am government employee (school teacher). In year 2013 i submitted rent receipt to claim HRA. Now there was an audit in my school last week and i was told that rent agreement was not submitted. So i have to pay income tax. Can you please help me what to do?

if a person has 5 shops and from 3 shops he receives rental income and 2 shops are vaccant , does deemed to be let out provision applies to him as it is a commercial shop? can we treat it as business income instead?

As per FA 2016.

Sec 44AD: Partners Salary and Interest on Capital not deductible from 8% of turnover in case of partnership Firm.

If a firm maintain proper Books of account and after charging remuneration and Interest on capital firm profit is less than 8% of Turn Over. Total TO of the Firm is less than 2 Crores.
Whether accounts( FY 201617) to be audited ?

let say I M/s Abc - earning commission from m/s xyz - foreign Company for supply of product x directly to M/s pqr - an Foreign Company. ( I go to many country and Book Order and many order received by mail )
so is it taxable under service tax

An assessee who has filed return for the AY 2013-14 and deposited more than 90% of tax as advance tax and accordingly interest under 234B was not charged at the time of filing of original return . Later on due to search this return is again assessed under section 153A and the original assessed tax is increase in the order under 153A , however the advance tax deposited is still more than 90% of assessed tax under 153A. whether assessee is liable to pay interest under section 234B(3) on the increased amount.