If a person has net income of Rs.160000/- from all sources and STCG u/s 111A of rs.5000/-, is he liable to pay tax? can he utilise the unexhausted basic exemption towards STCG u/s 111A? since his total income will be rs.165000/-, he is exempted from payment of taxes?

Hello, I am asking on behalf of my neighbour.She is a Senior Citizen and her only income is from Bank Fixed Deposits. Which ITR Form for FY 2017-18 should she fill? Also, under which section should she fill her normal Savings Bank Account interest? Thank you.

My father who is an ex employee of a Central PSU. He has retired in 2017. They have medical expenses reimbursement scheme under the 'Post Retirement Medical Benefits Scheme' from their company after retirement. Hence, he has not taken any medical/health insurance.

Now I would like to seek your kind clarification whether my father is eligible income tax exemption for the medical expense reimbursement upto Rs. 15000.00 which was reimbursed by their company.

Please guide me, Sir, at the earliest.

Thanking you, Sir.

regards
raman k

By mistake Purchase figures were entered in the place Sales figures and Sales figures entered in the place of Purchase figures . Mostly IGST Purchases. Only realised after filing the return.
What's the solution.
Kindly advice.

Reversal of ITC is applicable even for free supply of services?
As per my knowledge, Section 17(5)(h) covers only goods supplied as free samples.
Further, supply of services to unrelated customers is not a supply. The same cannot be considered as exempted supply as well to attract Section 17(2) of CGST Act.
Provide your views on the same.

What is the documentary evidence to generate E-way bill in case where the goods are procured by a registered person from unregistered person?
Typically, the unregistered person will not issue any tax invoice. Even if he give some document it may not have proper number, date.

Dear Sir,

My client has given movie theatre on rent including with furniture and canteen under a single agreement for lumpsum rent. Now my question is under what head of income, the rental income shall be shown whether under "PGBP" or "Income from House Property". Please clarify alongwith any case studies.

Thank You

Actually My friend plan to start a company under pvt limited in October 2017

He request to me director for comapany (for compusary two director required for Pvt Ltd) 0.01 persent share. i have agreed and sarted company . he is the authorised director, now he is not paying GST from last few months. If i say he not responding properly , account login details, cheque book everything with him . i have resigned last month for company directors but he not accpted my resignation and now he is bounsing some cheques in Bank. What to do now?

if he fails to pay GST and if he bounce cheque is this any effect to me in future?

kindly reply me

A person who filed his ITR return in the last year 2012-2013 then now did not file the return. Now he can file his ITR return in the assessment year 2018-19.

Hello, my articleship will complete be in few months, but my principal will sign Form 108 on a condition, which requires me to sign an MOU (Memorandum of Understanding) that I will have to complete all the works allotted to me, and come to office for the same even if my articleship is complete. Kindly help me out. Is there a way out?