Is salaried class employee required to file return if he has not income other than his employment? ?

Hello Sir,
I Received scrutiny notice and advised to submit books of accounts and ITR. I duly submitted the same however during scrutiny assessment ITO Find sale of property which is not shown in ITR. now i received notice of demand U/s 156 in which ITO calculate the amount of capital gain based on value determined by stamp value authority and did not deduct the purchase price. now my question is that can i deduct the purchase price of the property and give effect of indexation?

IF THERE IS A PERSON WHO IS NOT REGISTERED UNDER ANY LAW, THAN WHEN HE IS REQUIRED TO GET REGISTERED UNDER GST???

Dear Experts.,

All of you Good Evening...

Please clarify my question for the Knowledge improvement...

How to Define or Choose the Expenses for "Direct or Indirect"...?
Which based it is considered expenses...?
Any Laws or Guideline to these choose...

Thanks & Regards

P.M.RAJA

Is it possible to have TIN number for registration of GST, only service tax registration is not sufficient for GST registration

Return of my Advocate friend was filed by his consultant inadvertently ticking, he is not required to maintain books u/s 44AA. This friend does maintain Books since he started his profession more than 25 years ago. During the course of assessment proceedings, this mistake was acknowledged in writing by the consultant and details submitted as asked for. Order also passed adding only 20% of depreciation for personal use. In the order the AO claimed that the assesee has not maintained books and whatever produced before him was an after thought.
Now the AO has initiated penalty proceedings u/s 271A.
Suggestion requested as how to proceed in this matter.
Can we start from defective return theory? We surely can produce last 25 years books with current date updation.

Dear Experts.,

All of you thanks for Your replies to My Queries. I learn from Our CCI portal for many many thinks like Income Tax and Accounts related. So, Once again I'll say, "VERY VERY THANKS TO ALL EXPERTS including Chartered Accountants, lawyers, Tax Consultants, Accounts Professionals and Others...

CCI portal helps to my works for many ways. Always I like this portal for detailed resolving...

Thanks & Regards

P.M. RAJA (CCI'ian)

Respected Sirs/Madam,


Greetings for the day.

I am working in an Software Organization as an Accountant in Chennai, need guidance + immediate clarification on booking of our "Employees Monthly Salary Journal Entries in our Tally".

Previously that is Up to F.Y. 2015-16 'i' was booking like:-

1) Dr. Salary A/c:- Domain = 'Resource Pool' Cr. Statutory Deductions + finally Cr. Salary-Employee Name. This is for all "Technical Staffs". If they are working under any Particular Project the "Domain" will booked with "Concern Project Name."

2) Dr. I Salary A/c:- Primary Cost Category = 'HR' Cr. Statutory Deductions + Finally Cr. Salary-Employee Name & for Accounts:- same Entry but "Primary Cost Category" = 'Finance'. This is for "Support, Non-Technical Staffs".

Now from this F.Y. 2016-17 onwards 'i' Planned to change like below:-

3) Dr. Salary A/c:- Indirect Exps. = 'Admin Exp.' Cr. Statutory Deductions + finally Cr. Salary-Employee Name. This is for all "Technical Staffs".

4) And for "Non-Technical + Support staffs" will be followed the same as mentioned in Pt. No.2

Hence Can anyone please advice, inform whether "My way of Entry booking is Correct (or) not" ? if not "What is the Correct way of booking + Entry to be passed with Exact Cost Category & Cost Centre (or) What actually to be followed" please let me know.

Kindly treat it as Urgent, awaiting for your Response.



Thanks & Regards
Sugadeesh.S

Dear All,

My Name is Sandip Sawant & i'm Indian but Non Resident in India for last 4 Years & i did't filed Income Tax Return.
I have purchased property of Rs. 75 Lakhs and till date i have paid approx Rs. 52 Lakhs slabwise payment. I did not know about TDS on immovable property & till date i didn't pay TDS on the property paid value. Recently i have received income tax notice about the unpaid TDS & 26QB is not for NRI.

So, please guid me about TDS & interest on immovable property.

Thanks & Regards
Sandip Sawant

Hello,
I want to know the procedure to file service tax nil return.Do i have to enter the gross receipts quarterly even if i am under 10lacs or without entering all that data can we file by entering basic details by confirming on the last page of the return and generating the xml and uploading the same in the aces portal.
After crossing for example first half year my receipts are below 4 lacs there by i generated nil return and uploaded the same in aces portal and after i received above 6 lacs.Now my question is whether i have to enter all the year receipts in second half year return or only the receipts pertaining to that period. Please clarify?