Dear Sir/ Madam,
My Client has received a LIP Maturity Amount from LIC. LIC has deducted TDS on the maturity amount. Please tell me whether Maturity amount received from LIC is Taxable or Taxfree. Please also tell me the reason for the answer. if It is Taxable then under which section & Which head, and if it is Taxfree then under which section.

Dear Sir/Madam,
my client is a insurance commission agent, and his total commission income is less than 60000/-. Kindly tell me which ITR Form Should I select for F.Y. 2017-18 (A.Y. 2018-19). Please also tell me the section under which insurance commission income is to be taken.

What will be the disclosure in ITR for amount received by nominee on the death of insured person in case of life insurance?

Is it exempt income and required to be disclosed/shown U/s10(10D)?

or

Is it treated as inheritance and does not require any disclosure in Income tax return of nominee?

Dear All kindly help me out with the below query. is it mandatory to file the return of income before 31st July to avail the exemption for educational institutions. or the exemption Will not be granted when we file late return.

Solution Plz....

One of my client having actual T/over from Transport Business of Rs 1.80 Crore (as per bank records) along with Capital loss on sale of Shop, & willing to file his Return under Sec 44AE (he is showing higher than prescribe income u/s 44AE with less than 10 vehicles),, so that no Tax Audit will required..., Although Presumptive Income sec 44AE comes under ITR 4 (AY 18-19), but my software prescribe  ITR 3 due to having capital loss, along with P& L / Balance Sheet details (under "No complete sets of Accounting Records are Maintain") , my query is whether showing Income under ITR 3 will required Tax Audit or not as Income is above Rs 1 Crore but below Rs 2 Crore. 

Immediate Response is Highly Appreciated...

Can NRI become a partner in an indian partneship firm? Is there any regulations to be followed before such constitution of the firm?

AMOUNT RECEIVED FROM OUTSIDE INDIA REGARDING DATA FEEDING WORK . AMOUNT IS 39 LACS WHEATHER TAX AUDIT OR NON TAX AUDIT. PROFIT IS 8 LACS.

How to remove reconciled date in tally while after making BRS in tally.

I have a factory in UP. Customer in Karnataka.
Sale terms - Ex Factory
Customer has send his vehicle to collect the material.

What will be the treatment in GST.
What will be the Bill to Address, Ship to Address, and Place of supply?

Will CGST, SGST be charged or IGST?

Dear All,

We have filed GSTR 3B and GSTR 1 for the month december 2017,

Now correction in one sales invoice is required (filed with wrong value) and make balance GST payment.

Kindly discuss the procedure to make this type of correction.

urgent pls.

Regards,
Rohit Kaushik