If a company is contributing to PM Relief Fund as CSR, will it get tax exemption under Section 80G ?
We have a TRUST for Charity Purposes, if we contribute an amount of Rs 13 lakhs (13 lakhs to be spent under CSR) to that Trust will it be considered as CSR expenditure ?

Why intimation (U/S 143 (1)) comes from the IT department.

Hello Sir !
Now that Income Tax Return Forms have changed,
which ITR is applicable to partner of Partnership Firm?

ClearTax Says ITR 2, but i'm not too sure whether that is correct or not.Reason being there is
no 'Information about Firms in which you are partner' Tab in ITR 2.

Could you please suggest?

One of my friend having income from computer servings can we file, ITr 2 for F. Y 2017-18, he is not able to fill the balance sheet

Dear Experts,

My query is regarding, Purchase of Immovable Property.

Mr. Ramesh (Buyer) purchased Immovable Property from Mr. Mahesh (Seller).
Details of Property : Market Value = 651000/- , Consideration Value = 437000/- (As per Sale Agreement)

Mr. Ramesh made Cash Payment of Rs. 220000/- and 437000/- by Cheque to Mahesh. BUT

Mr. Mahesh mentioned only 437000/- to sale agreement. (consideration Value) remaining 220000/- not consider in consideration value.

Situation is, Under valued property is purchased by Mr. Ramesh.

I want to know the taxbility in hand of Mr. Ramesh (Buyer) and Mr. Mahesh (Seller).

If Mr. Ramesh will pay tax NOW on 214000/- ie. ( 651000/- Minus 437000/-) by considering it "Income from Other Sources" ,than what will be effect of capital gain when Mr. Ramesh will sell the property.

Please help me expert to understand this situations.

I want to surrender my gst no .what is the process of surrendering.

Hello experts,

Assessee is having turnover of rs. 10400000.
I have filled return u/s 44ad .
I have mentioned GST number in return but forgot to mention turnover as per GST.
Should I revise the return and show turnover as per GST???

1. I have mentioned sum of income under other sources ( FD interest ) and tuition fees, in ITR1 form.
Is this right ?
2. Also, this additional tuition income is not matched against TDS-2. Is that fine


Thanks
Sunil

As you are aware that from FY 2017-18, New return forms are launched by the IT Department. Previously we used to file ITR-2 for Partners having no other business income except income from Firm. However from this year ITR-3 is applicable for Partners. While filing ITR-3 we have to input four figure balance sheet and profit and loss account otherwise department issues notice for defective return.

My query is how shall return of partners having no balance sheet maintained be filed ?

Hello,
While filing ITR I come to know that Date of Birth of my husband is mentioned wrong in IT portal, however PAN details and DOB on PAN is correct, we can login with it.. ITR of earlier years were filed by company representative. Is there any way to correct this ? please guide.