Client has sold an agricutural land in F.Y. 2017-18. He has also purchased another agricultural land to claim exemption u/s 54B. But as per the condition, he should have used the agricultural land for agricultural purpose at least for a period of two years immediately preceding the date of transfer. But client has not declared agricultural income in any of the earlier years. Can he claim the exemption?

Hi
Return had filed for A.Y.2008-09 but refund was not credited to bank account
Can we claim now ,what is the procedure...
And for A.Y.2012-13 forgot to file return which I having refund actually, can I file now and get refund of that A.Y if yes what is procedure

After filing TDS Return , it rejected with reason " Total amount of Tax deposited validation failed ( Sum of Tax + Interest + Surcharge + Others + Fee Should be equal to total Challan Amount.

What is the solution for this rejection.

Note: Actually I have splited only DEDUCTIONS of this challan for different quarters. But, I didn't splitted the challan.

can 10 B Audit Report can Be Revised for Assessment Year 2017-2018 due to revision in return .

Mahendra Doshi

ABC is a Goods Transport Agency whose Claimed Input and Charge GST @12% on Service
He is also Provide commercial vehicle to Goods Transport Agency for Inter State Services, Can such services exempt from GST
Against which notification he claimed exemption

Will a retired employee be taxed on reimbursement on giving a certificate for incurring medical expenses and receiving a fixed amount of say Rs. 1500 per month under a compensatory contributory scheme of a public sector company or will the amount be tax free?.

Good evening to all expert,
Please reply urgent
Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.

Is tax audit u/s 44AB compulsory for carry forward of speculation business losses?? Since definition under section 44AB doesn't give any explanation about the above, is it compulsory?

Hello,

I have sold one flat for 49 lacs in Feb 2018. This was purchased in 2007. Further have sold another flat in May 2018 for RS. 75 lacs which was purchased in 2011. With the collective proceeds have purchased one flat for my self use.

Have query on filing of return. Should I combine sales proceeds of both flats and show it in the tax return for AY 2018-19? Or should I only consider first flat since it was sold before March 2018 and take exemption under 54 for part amount invested in buying flat and then next year consider second flat proceeds and take exemption under 54 for Bal investment of proceeds.

Request for your help.

Dear Experts,

One of the my client is senior citizen having rent income and FD interest. He also partner in partnership firm from which he received profit ( no salary or interest received). Can he liable for advance tax for F.Y. 2017-18?

Thanks