DEAR SIR,

I AM A SALARIED PERSON, RESIDENT OF INDIA. CAN I GET THE DEDUCTION ON TERM POLICY Rs 8000 IN INCOME TAX IN CHAPTER VI, AND CAN I ALSO DEDUCTION ON (80D (B) MEDICAL EXPENDITURE) MEDICAL TREATMENT OF MY WIFE (PREGNANCY) Rs. 53000 HOSPITAL BILL
THANKING YOU
REGARDS
KRISHNA PADA SANTRA

One of my client having retail textile turnover 1620000 nd book profit 360050 and mcx commodity trading turnover 189400 nd book loss 115000 rs rental income also 120000 can I set off losses against business income and file itr 4 under 44ad ??

Hi

Iam a salaried person working in a large pvt ltd company and filed my returns (ITR-2) before the cut off date for AY 2017-18.

Today i received intimation u/s 143(1) wherein the TDS deducted on my salary and as shown in my Form 16 as well as Form 26AS seems to have been ignored and there has been a tax demand raised for the tax already deducted from my salary and interest thereon.

I rechecked my Form 26AS and it clearly shows that all my TDS deducted has been deposited with the government. ( Status: F) .

Can you pl let me know what should i do now.

thanks

Dear Sir
Im paying tax on my income (Tax Rs 22530/-) on a proprietorship firm.

The Challan Filled by my CA shows Interest Column Rs 1350, and Total Tax payable Rs 23880/-

While the Due date is 31/09 and today being 22/08

What other reason is there that i have 2 pay Interest

Please revert

Regards
Sumit

I HAVE 8 HEAVY GOODS VEHICLES (I.E. TRUCK LORRIES) CAN I GIVE DECLARATION TO TRANSPORT COMPANY ON FORM 15-I REGARDING RECEIPT OF FREIGHT WITHOUT DEDUCTION OF TDS. I HOLD PROPER PAN CARD ALSO.

Respected sir
As you know that as per provisions of section 44AD of the Income Tax Act, 1961, we have to show minimum 8% net income of the total gross receipts. In case of a partnership firm, Whether it is Book profit or Net profit ?
My question is that - In case of a partnership firm, whether this 8% net income should be treated after deduction remuneration to partners or prior to this deduction.
Suppose, in above query after deduction of remuneration, total income comes less than 8%, then whether the firm is needed for audit or not ?
Please guide ASAP.

Dear Sir,

I have one query related to capital gain schdule in itr 2

The below information mandatory for genrate xml file

Information about accrual/receipt of capital gain
Type of Capital gain / Date

(i)"Upto 15/6
(ii) "16/6 to 15/9
(iii) "16/9 to 15/12
(iv)" "16/12 to 15/3
(v)""16/3 to 31/3
Regards,
Chirag

Dear Expert,

Kindly suggest me on following confusion.
That i have a partnership firm running a business my total turn over is Rs 3000000/-
and my book Net profit is Rs 300000/- before considering partners salary or remuneration and i have not any scheme.
Now i want to know if i consider the partner salary as per one lakh per year per partner total amount of salary 200000/- in this way my book profit became less than 8 %.
Kindly suggest me is there any problem with this working and if this working is not correct i have to tax audit.

Please suggest me on urgent basic.

Am a mines holder in the market, do I have to pay reverse charge on marble royalties or do not guide me

Hi all, I am a customs clearing agent, i wish to inform one of my overseas customer having supply of Electronic goods to different distributors in India. if they found any defective as per their agreement they will provide free replacement to their distributor from overseas itself. as of now we are regularly doing customs clearance on their distributor IEC (as a free replacement) but now our Overseas customer want to reduce the time and cost. so, is it possible to import under single IEC (on us) to keep stock in our own warehouse and supply to their distributors without any commercial value and without statutory charges locally. kindly let us know is there any provision under GST and Customs also to do this type of transactions.

kindly give a call to 9110257750 if required more clarifications. thanks and looking forward for your suggestions
Regards
Shivu