We are having One Star Export House status & exporting wooden furniture to the various buyers abroad. We were exporting the goods to a buyer in France on running order basis, which went into LIQUIDATION at France in the year 2013 . Approx. $7000 is lying with us as advance payment against export order but due to liquidation of the Co. & cancellation of further orders ,we are unable to adjust the amount against export order. We want to forfeit the amount for the reasons of liquidation of the Co. & cancellation of the order. Whether we can book this amount as other income without prior approval of Authorised Dealer (Bank) & RBI . If, yes whether we will have to inform RBI regarding facts of the case.

i have two residential houses, one is rented and the other vacant. i am a salaried government employee and live in a different city on rent for which i get HRA.
Can I show one of the property as self occupied or do I have to show a notional rent on vacant house also.

I am working in a private organisation and my monthly salary structure is as follows:
Basic Salary: 38000/-
House Rent Allowance: 19000/-
Leave Travel Allowance: 17100/-
Medical Reimbursement: 11400/-
Conveyance Allowance: 9500/-
Please advise which of the allowances are exempted from Income Tax and up to which Limit so that I can deduct those from my salary for the purpose of ITR filing.

I am providing Manpower Service. Turnover is Rs.74 Lacs for F.Y.2017-18,

So my question is whether my books got compulsory audit as my turn over greater than 50 lacs, consider be that manpower service fall under profession. is it true?

Sir I have purchase three ship in 8 lakh Nd they are close not given to rent Nd I m salaried person now how can show in my Itr Nd loss of rent is show in my itr please suggest

Sir,
If a taxable person gives a gift of more than Rs.50,000 to a non-taxable person (Student(not Minor))
What will be the tax treatment in that case?

i have own bus and giving services to passenger travelling form one place to another place. now gst will be applicable or not if yes than what will sac code?

Whether I am required to get my books audited?? if my net profit is below 8% and I m not opting for sec. 44AD and showing my income in business and profession head. My turnover is below 1cr. and upto last year my books are audited.

In case of Sale & purchase of Resedentail house is TDS adjustable with Tax to be be paid.
for example A person purchased a new house for Rs 2,11,00,000/- on which he ducted TDS 2,11,000/- & he sell his old resedetial house for 1,20,00,000/- for which TDS was deducted by the purchaser 1,20,000/- so my question is while paying Tax (tax audit case - Sole Proprietor) will the TDS portion be adjusted in the Self Assesment Tax to be paid??

Whether I am required to get my books audited?? if my net profit is below 8% and I m not opting for sec. 44AD and showing my income in business and profession head.
My turnover is below 1cr. and upto last year my books are audited.