I had filed ITR-3 on the option of Non-Account Case by showing therein Gross Receipt of brokerage and commission, gross profit, expenses and net profit but the income tax department has treated the ITR-3 as defective return with the memo of disallowances/ defects identified in the income tax return. Please guide me sir and oblige.

As a employer, If any employee take benefit of Rent paid under HRA exemption. Is it necessary to take photocopy of Rent Agreement as proof of for exemption or is it ok if employee is providing rent receipts.

Dear freinds,

will 44AB applicable if ,
My Income is comprises of remuneration from partnership firm and interest on capital from partnership firm which is more than 2,00,00,000(2 Cr.) as both income is considered as busniess receipt ..
so , will provision of 44AB will attract .....

your valuable suggestion is highly appreciated ......


Thanks and Regards
Shailesh Gupta

Dear Everyone,
I have filed TDS Q3 return but the return was defaulted. Then I filed corrected statement but I it was rejected stating that "challan details in correction do not match for some of the non updatable matched challan columns" . Then I filed the corrected statement will all the fields shown as updated but then also its rejected stating the same reason.
Can any body resolve. Please guide.

thanks

now I am a composite tax payer, want to be composite upto march,2018. I want to change to regular taxpayer from april, 2018. pl guide me the procedure.

Dear Sir,
we have missed out some purchase expenses entries of previous months. Can we take entry of the same now in that particular month? in accounting books or we have to take entry of those expenses in current month?
we have already filed GSTR3B, then how could we show changes which we have done in our accounting books for those particular expenses in GSTR.
Pls advice what should be done?

Dear Expert,

I have sold material to out of state dealer & as per m vat schedule i have paid vat amount now my quire is where i will show oms transaction ( withour c form) & which return i will used Form-231 Or CST Return.

Thanks & Regards
Yogesh Mahajan.

What will be the treatment of advance money forfeited on sale of rural agriculture land where such land is not a capital asset and no capital gain tax is payable on its sale. Further, the amount forfeited is also more than indexed cost of acquisition of such land. ​

i have logged onto SBI online and one try to download statement of FDR redeemed. I searched Account SUmmary section and Account statement section but this FDR was not there in the list.
I informed my senior to please try once and he gave me the print out.
In the print My Accounts>Accounts Summary link is written.
I again tried but unable to find out.
Don't know how did he do it?

Incentive is being paid in advance to the employee and then expenses are being booked accordingly.
One journal entry is being passed:

1.Incentive to employee a/c dr
To TDS on Salary a/c

2.TDs on Salary a/c dr
To Bank a/c

Is the above entry proper as per the accounting standards and income tax?