Hi expert,
It is a request with respectful regarding audit case. I want to know that we had audited individual return for the financial year 2017 to 2018 because our turnover exceed so we had filed income tax return in audit by CA. And paid the minimum tax under audit. It was first year of audit. There was turnover 98 lakh rupees in the financial year 2017-2018. But there is turnover 28 Lakh rupees in the financial year 2018-2019. May I file and pay the income tax on 44AD, 8%.

Best regards,
Mohd Nasruddin

we are paying loading ,unloading charges to person on monthly basis as per
per bag Rs. 4/- this person is "Hamal" ( casual labour )

Can deduction of TDS on loading ,unloading charges is essential

Dear Tax and Audit Experts,
we are rendering "Information Technology Consultancy and Software Services" to our onsite clients. Some times we are deputing our staff to the clients site in overseas. Sometimes we are doing service for upcountry clients from our office in India. Have we to get IEC from DGFT for providing such a service. Please clarify We are preparing only Commercial Invoices with 0% GST. We are not preparing Shipping Bill as
"any data copied in electronic devises or printed in papers/ books related to our service"
is not passing any sea port or air port. Kindly provide statutory requirements.

With Thanks & Regards,
Ramaswamy.T


Read more at: https://www.caclubindia.com/experts/gst-return-requirments-for-export-of-service-2751959.asp

Dear sir/madam
i am in teaching profession. i am receiving contract base salary 20000 per month and tds is deducted under secion 194j. i would like show my entire gross receipts (240000) as Profit under section 44AD can i show income like this in ITR 4 since i am not exceeding basic exemption limit.
please help me sir
thanking you

One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.

My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.

So now my query is what is the calculation behind Rs. 5,000.00 ?

One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.

My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.

So now my query is what is the calculation behind Rs. 5,000.00 ?

Good MorningTo All Experts,
We make Sale invoice to a Party.in this Bill we add freight . just want to know that what rate will be charges on Freight. Please understand through an example
Sale material Detail to Party
1-Item A with 18 % Igst = 25000
2-Item B with 28% Igst = 40000 I
n This bill we also add freight 10000. Than in which percentage We will charge Igst on freight amount 10K. 18 or 28% It will treat composite Supply ????

DEAR SIR,
WHERE THE PERSONS HAS MADE LONG TERM CAPITAL GAINS, TO CLAIM EXEMPTION HE HAS TO INVEST IN NEW ASSET BEFORE THE LAST DATE OF FILING INCOME TAX RETURNS OR DEPOSIT IN CAPITAL GAINS DEPOSIT ACCOUNT. NOW FOR AY2019-20, THE LAST DATE HAS BEEN EXTENDED TILL 31/08/2019.
THE QUERY IS IF INVESTMENT IN NEW ASSET IS MADE OR IF DEPOSIT IS MADE IN CAPITAL GAINS DEPOSIT ACCOUNTIS MADE BEFORE 31/08/2019, WHETHER THE PERSON CAN CLAIM EXEMPTION FROM LONG TERM CAPITAL GAINS?
THANKS & REGARDS

Dear All,

We have received an Invoice from Parent Company (Japan) for Debt Guarantee Fees, what rate will be applicable.
Under 195. (10% or 40%)

Please advise

Thanks & Regards

Amit

SIR,

I, AN INDIVIDUAL (WITHOUT AUDIT REQUIREMENT) PAID X AMOUNT AS SELF ASSESSMENT TAX ON 31.08.2018 AT 10.30 PM FOR FY 2017-2018 BUT BSR CODE AND OTHER INFORMATION NOT AVAILABLE , SO I HAD NOT CLAIMED THIS X AMOUNT IN FY 2017-2018.

But today 26As is showing in FY 2017-2018 Rs X has been paid as self assessment tax on 01.09.2018
Can i claim this X amount while filling ITR of FY 2018-19.

If , yes please also explain where to write this amount?

Jatin Pal