Anonymous
20 March 2018 at 12:50

Cash deposit

Sir,
I am a govt. employee. I deposited Rs.100000/ (ten lakhs) in my bank a/c during demonetization period. what should I do to save tax if income tax return is to file?

your

benjamin



Anonymous
20 March 2018 at 12:42

Stall sales

Kindly clarify whether any Government Order is required for under taking stall sales in Tamilnadu, as per TN State Government


MUKESH KUMAR

Dear Sir,

we want to know that can we adjusted reverse charge tax liability with our available input tax credit or not, if answer is not then please tell us why?


SANDEEP AGRAWAL
20 March 2018 at 10:08

Taxability of unregistered trust

If a trust is not registered u/s 12a, and has income below 2.50 lacs , say 75000 from house property called rent, then how it will be taxable from a.y. 2018-19 ?



Anonymous
20 March 2018 at 09:13

Gst query

Sir / Madam,

A rental agreement form 01/04/2017 to 31/03/2018. Till 30/06/2017 there was Service Tax and thereafter GST was implemented. Now, the vendor is asking to reimburse the differential of 3% (GST rate 18% Less Service Tax rate 15%). The entire amount of rent is received in advance before 01/07/2017.

Is this correct? Is this difference payable?

Also what would be the situation if the rent was not paid in advance and still the landlord do not agree for the same.



Anonymous
19 March 2018 at 23:53

Income tax

I would like to clarify the following doubt

What will be Purchase cost in the following situations?

Mr.A was allotted the Land around 5000 Sq ft by TNHB in 1980 & the Sale Agreement excuted in 1985 After that he has construct some area.Then demolish the same in 2000 & settled the land to his 3 sons in 2003 .After that they have got approval for G+2 & construct around 3000 Sq ft .
Then they have sold the Entire Land & building in 2017 & share the proceeds equally.
Now what will be the Purchase cost to each vendor/Seller?

Whether advance Tax is must for LTCG ?

Is it possible to adjust the Mortgage Loan which was taken to contruct the Building from Sale Proceeds?


Amit
19 March 2018 at 23:19

Exports

What if receiver is not a individual or importer in USA.

I am a Amazon.com seller , i sell using amazon FBA (warehouse) .
Amazon says that we are not your importer and buyer , . and once i send inventory (box of 15 - 20 items , value 10000 rs) to amazon warehouse and they are sold to different buyers at different time period .

how to clear the shipping bill from bank as amazon is not a buyer ?

I cannot pay GST upfront and claim refunds later because of my business cycle. can i use LUT/Bank guarantee but i am uncertain if this is possible or not.


alpesh
19 March 2018 at 21:33

Itr 4s filing

dear sir may client has done audit fy 15-16 but ay 16-17 under section 44ab but in this year fy 16-17 but ay 17-18 his turnover is only 4229225 whether he can file return under section 44ad. he can declare 8% of Rs 4229225 = 338338 - 300000 = 3834 he paid tax whether sir please suggest to me decision valid or not.


shail
19 March 2018 at 21:05

Received sms on compliance portal

sir,
return of ay 2017-18 was e filed and also e verified on 15 march 2018.but receieved sms only and not email on 18 march 2018 as follows:

you have not filed ITR for AY 2017-18.please click on compliance portal link at e filing portal to view further information.

should one ignore this message as itr is already filed and it will go away automatically when itr is processed?or should visit compliance portal and submit that return is already filed?


alpesh
19 March 2018 at 20:37

Income received in cash

DEAR SIR WHETHER INTEREST INCOME RECEIVED IN CASH RS 35000 PER ANNUME WHETHER ANY PANALTY LAVIED AS PER IT ACT. ANY ISSUE ARISE.






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