Dear all,
I am an Article doing my Articleship under a CA in Mumbai. My Current Stipend is Rs.8,000/-pm hence my firm is deducting PT from my stipend as it exceeds the Limit of Rs. 7,000/-pm.

Please guide me whether he should deduct it or not.

If possible,in case of Caselaws, Kindly provide it of Maharashtra Jurisdiction, or otherwise Give the reference of the Act

Thank You!!!

I have completed my articleship on 22-01-2019. I have completed my GMCS and all other pre-requisite which is necessary for obtaining a membership number. Whether I have to wait till I get confirmation letter for completion of articleship from ICAI for applying for membership?Earlier I have filled Form 108 and Form 107 (for extension) in September 2018, whether it will work?

Is it mandatory to file income tax returns when gross revenue is above 2.5 lakh and taxable income after all deductions is below 2.5 lakh?

And in case of section 44AD presumptive taxation, is it mandatory to file income tax return when the taxable income (which is calculated using applying the 8%/6%) is below 2.5 lakhs?

Dear all

Please suggest me one of my friend had GST provisional NUMBER
BUt he has not filed from GST returns from july 2017, now we may file the return
or we take new regn.

How to know the status of Provisonal GST regn

Sir,

Please clarify my doubt regarding Life insurance payment made by unmarried daughter on behalf father,
Shall we take deduction under 80 C at the time of her IT return file.

Thanks & Regards.

I have completed my articleship on 22-01-2019. I have completed my GMCS and all other pre-requisite which is necessary for obtaining a membership number.
Whether I have to wait till I get confirmation letter for completion of articleship from ICAI for applying for membership?Earlier I have filled Form 108 and Form 107 (for extension) in September 2018, whether it will work?

If I have stayed out of India for more than 182 days but I have no Foreign Income. I have Income in India from Rent on House Property. Am I considered NRI mandatorily and have to file return as NRI? Do I have to change my Bank Accounts to NRO accounts?
I live with my Children who have settled abroad.

Mr.X (NRI as of 2018) introduced Ms.Y to Mr.Z.
Ms.Y has taken loan from Mr.Z an amount of Rs.10 lakhs in year 2014 and fails to repay the loan amount.
In order to maintain goodwill, Mr.X repaid the loan amount on behalf of Ms.Y in installments (say Rs.150000 each)
Now, In 2018, Ms.Y repaid an amount of Rs.15 lakhs (including interest) to Mr.X by cash and the latter deposited the same in his mother"s account who is a non tax payer.
So, please consider the above case and do needful regarding tax consequence?
Let me know if you need more inputs.

NOTE:All transactions happened through cash.

THANKING YOU IN ADVANCE.

If an assessee has sold residential house property in the year 2017 and has bought a new residential flat in the same year and deposited the balance amount of LTCG amount in a Capital Gains bank account, the amount of gains was Rs. 1.50 crores; can the assessee purchase a second residential flat for the amount remaining unutilised in the capital gains bank account after April 2019 within 2 years of the sale of the residential house? Kindly suggest as per the amendment proposed under section 54 of the Income Tax Act by Interim Budget 2019.

How much time take to download 16A after submission of TDS return online?


Plz tell if anyone Knows!!