My friend is having commission income 10lacks plus and TDS deducted U/s 194H.(FY 2017-18)
which ITR is suitable for this commission income ?
if the ITR 3 is applicable then he eligible to claim expenditure?
may i use ITR 2 for this income?
if the commission income is less than 400000, can i use ITR 2?
Hello dear Expert A person involve in Partnership firm which is audited and individual firm. My question is individual firm return file upto 31 July 2018 and partnership firm is a audited so that date is 30 sept so how can I take remuneration and profit share from partnerships firm for there individual return ? Please suggest me
Answer nowRespected Sir,
I deposited a self-assessment tax when filing online ITR-1 with system generated 280 form on date 4/6/18 but until now(5/6/18) it does not reflect on 26As. Please tell me how much days it required to reflect on 26 AS.
Thanks in advance
Hello, I have start a recruitment agency from may 2018. I have registered gst number beacuse banks need gst no. For opening current account.but i know my total turnover will not exceed 20 lac.so tell me the gst rules for me.i have some clients, some clients pay gst and some clients pay service charge with deduct tds...and some pay only service charge.
We purchased one camera for office use
This is asset or expenses ?
If asset which type of asset?
Sir I want to know what is the tax treatment of divorce alimony received from spouse. If it is by mutual consent divorce procedure and a lady gets rs. 10,00,000 for one time maintenance for life support. If it is capital receipt than where we show in itr 2. So she get tax exemption. And enjoy the Hassel free tax benefits. Please answer me.
Answer nowSir,
today return income tax my firm ( Partnership firm), I Have declared presumptive Income.
which form selected reruns.
1) ITR- 4
2) ITR -5
Example:
Foreign income: Rs.66000
Foreign tax paid: Rs.1320
tax as per India tax rules: Rs.800
tax as DTAA: Rs.1500
It seems the tax relief amount auto calculated in Form 67 is Rs.1500. My understanding was that the relief amount should be Rs. 1320 (the smaller of foreign tax paid and tax payable as per DTAA in India).
Would appreciate some explanation.
Thanks.
MY FATHER IS A GOVT PENSIONER
HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912
THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.
I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,
BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.
THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637
PLS CLARIFY
THANK AND REGARDS
SURESH
Hi Experts,
Company has received loan from director sum of around 8L in FY 2017-18, Now I got to know that cash loan from director more than 20K is disallowed.
I request to provide us suggestions about how to account this in alternative way.
Thank you.
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