The trust is registered u/s 12A of the I. T. Act, 1961. Gross receipt is 11,60,000/- and income over expenditure is only Rs 1,20,000/- . Form 10B was not filed with return of income for the A. Y 2016-17. my question is that if delay filing of 10B form not condoned then tax will be computed on which amount i.e Gross receipt or on income over the expenditure. presently the CPC processed return and calculated tax on gross receipt but I think it is not justified.

Sir, I had filed the return of my trust in last A.Y. 2018-19. Gross receipt was Rs 10,00,000/- and Income over the expenditure was Rs. 1,50,000/- though i have 12A but i fail to file 10B . ITD has calculate the income of my gross receipt . Now my question is that due to failure of submission of 10B either the department will calculate tax on my income or on my gross receipt. Kindly help me

DEAR SIR
UDIN IS NOT REQUIRED FOR TAX AUDIT REPORT. BUT IS UDIN MANDATORY FOR THE NORMAL PROFIT AND LOSS ACCOUNT, BALANCESHEET PREPARED AND SIGNED BY THE CA FOR NON TAX AUDIT CASES.

Sir diamond rule hai:-
1)Assets/losses / expenses (increase) =debit
Assets ( decrease) =credit
2)Liabilities/income ( increase) = credit
Liabilities (Decrease) =debit

My Friend is carrying business of Housekeeping during the F.Y. 2018-19. Can he filed return Under Section 44AD?
Is he eligible to file return under section 44AD?

I am a Commi/Ins/Brokerage agent can show the ITR in B/sheet Personal assets like investment in equity Jewellery Bonds,Insurance Policy,FD,Residence house etc
or
only show business related like office Assets - AC,coputer,Car,other equipments,office space etc

Regards
bhupender

My accountant has shown the reverse charge by mistake in GSTR3B July 2017 retrun. How to rectify the same in GSTR9. There were no reverse charge transaction during the year.

Can Private Limited Company has applicable RTI Act ? If yes, then briefly given where it is to be used.

i have 2 purchase invoice with 22 materials with 2% discount but some reason we return 15 materials without given 2% discount, then how i return the goods? if i use Tax Invoice is Correct?

Sir,
My client is working at a private company in America. he has gone america in September 2018. And Now he gets salary R.s. 50,000/month from his JOB in America. Before Go to America , when He was living in India he was working in a hotel in India by Salary R.s.10,000/month . After Going to america, He Send Money to his Brother' s Bank Account per month.And The Account is a joint savings bank account.
My Question is,
1) Can he file Income Tax Return in 2019-20?
2) Which ITR Form Is Applicable for him?
3)Is His Brother in Tax liability for received the money from America?
4) Which moth's Income (when he worked in India or when he is working after going in America) is Liable for income tax ?