DEAR SIR,

ONE MY CLIENT IS SALARY EMPLOYEE, HIS INVESTMENT LIC-77268, KGID-38640, GIS-2880, TUTION FEE-45000 TOTAL U/S 80C= 163788 QUALIFYING U/S 80C =150000/-,
MY QUESTION IS HE PAYING 68793 TOWARDS NPS THIS IS FROM HIS SALARY DEDUCTIONS, U/S SECTION 80CCD (1), 80CCD(2), 80CCD 1(B), HOW MUCH HE CAN CLAIM OVER ALL SECTIONS. HIS EMPLOYER ALSO PAYING SAME AMOUNT OF 68793/ EQUAL. MY DOUBT IS CAN CLAIM INVESTMENTS AS FOLLOWS
U/S 80C 150000
U/S 80CCD 1= 50000
U/S 80CCD 1B= 68793= 268793 IS IT CORRECT CALCULATION BECAUSE HE IS GOVT MEDICAL OFFICER

PLEASE CLARIFY ME HOW MUCH I CAN SHOW FILING INCOME TAX RETURNS. WEATHER OVER ALL TOTAL DEDUCTIONS U/S 80C =150000 AND ADDITIONAL BENEFIT 50000= TOTAL 200000/- WHICH IS CORRECT.

REGARDS

Mr. X is a retail trader with a turnover of Rs. 10.00 lakhs and also having commission income of Rs. 5.00 laksh. TDS is deducted on commission income. He wants to show profit @ 8% for retial trade ( 8% of Rs. 10 lakhs ) and wants to show income from commission busines as Rs. 3.50 Lakhs ( Commission income Rs. 5.00 lakhs less expenditure Rs. 1.50 lakhs). How to fill in ITR

i have file return GSTR3B for month NOVEMBER wherein i have showed ITC is zero but later one bill of material purchased i got late, wherein GST was paid by me. now return has filed with ITC showed Zero . Now how to take this ITC benefit in december return or further. pls explain me in depth. thanks

A pvt company named X supplies goods to a pvt company named Y

Mr.B is a director in the company Y

Mr.B is also the statutory auditor of company X

Can Mr.B is disqualified from acting as the auditor of Company X

How much % is applicable on News Purchases from individuals (Like freelance journalists)
How much slab is applicable and under what section it comes, Please explain

Plz clarify on following issues:
1. Whether a HUF is consider as a relative.

2. Whether a Pvt. Ltd. Company can take unsecured loan from HUF of its Directors?

3. Whether a Pvt. Ltd. Company Can take unsecured loan from HUF of Brother of Director?

DEAR SIR,
MR.A & B SALES PROPERTY TO D RS.2,00,00,000/-. MR B. IS NRI AND HIS SHARE RS.100,00,000/-

TDS RATE FOR MR B. AND MR A.

A & B GET THIS PROPERTY AFTER DEAT FROM FATHER MR C

C DEAT AS ON 30.06.2018
A& B SALES TO D. AS ON 1ST FEB 2019
MR A & B CAPITAL GAI FOR IT FILING LONGTERM ARE SHORT TERM?
THANKS TO ALL
.

Hi Team,

Our company brought a car on which I have paid TCS, I have included this TCS in Fixed asset ledger. Whether I can claim TCS paid on these purchased item in companys net tax liability? This TCS is showing in companys 26 AS statement .Also provide the entry to be recorded.

Hi I am individual tax payer & my wife home maker with no income. From her trading account i usually used to trade in F&O and 2017-18 & 2018-19 financial year i have losses around 50000/- Now i would like to know while filing returns if i select other than ITR-1, is there any possibility that i can show those losses in my tax computation and can claim exemption. If yes then which form need to be filled & how can i combine wife income or losses. Let me know if there is any process document to follow in this scenario.

In the case of Unlisted Company ,Secretarial Audit becomes applicable, if its paid-up capital is Rs.50 crores or more or its turnover is Rs.250 crores or more.

Whether applicability of secretarial audit will depend upon paid-up capital/turnover for the immediately preceding financial year or current financial year?