Dear sir I have question that if a person sale old share (listed) which was purchase by him more then 10 year ago and value of consideration is about to 2700000 as of now so is that liable to Capital gain under income-tax act or exempt ??? and also he must show in the return after sale of share ??

Hi,

I couldn't file my return of income for AY 2009-10 for want of Form 16
Then I response to a notice under section 148 I thought I had submitted a return and one computation saved in my computer for the concerned AY which was wrongly showing the income and no deduction or exemption claimed. I didn't check it's accuracy and submitted the same in response to a notice under section 133(6) for sale of assets.

Thereafter the AO sent notices and I submitted the correct statement and also confirming that there was no sale but purchase showing revised computation.in fact, my employer had deducted excess tax for concerned AY of 56317. The AO denied the statement saying as below

It is clear that the assessee has failed to declare correct income while filing return of income in response to notice under section 148 of the Act. The assessee has subsequently only furnished revised statement of income claiming various deduction/exemption. Further since computation of total income is not a return of income , the deduction/exemption cannot be considered now. In this connection reliance is placed on hon SC decision in the case of Goetze India Ltd vs CIT (2006).

I have filed appeal with CIT (appeal) and would request legal luminaries to guide me with legal pronouncement on the matter.

Sir can I change POS in GSTR 2?? Actually my supplier has entered wrong POS.

up to last year minor income is clubbed with parents income while filing IT returns , this year pan number is applied for minor and TDS is deducted on fixed deposit by Bank on minors PAN number , now please suggest how to file IT returns. Can we club the minors income with parents income then how to claim minors TDS or else we have to file IT returns seperately

Minor having PAN number - Can we show Minor TDS deducted by bank on Deposit while filing the parents returns along with income OR File the Minor returns seperately , please give clarification on claiming of minor TDS returns

How i can export JSON file downloaded from Portal to Excel sheet in GSTR OFFLINE UTILITY for GSTR 2

RESPECTED SIR / MADAM,

I HAVE REGISTEREDIN AUG 2017 , WHETHER I REQURED TO FILE TRA-1 OR NT , WHETHER IT IS OPTIONAL OR MANDATORY,
I DONT TO WANT CLAIM ANY INPUT, HOW EVER I HAVE STOCK OF RS 3.00 LAKHS,
PLEASE GUIDE ME.

Month Of August Late Fees Waived Or Paid ??

Hello Everyone.

My query is whether to enter Exempt Inward Supplies from registered persons billwise in B2B invoices section or the aggregate amount in Exempt section?
Incase I enter in exempt section, and my supplier enters the billwise detail (reflected later on in 2A), what effect does it leave?

TDS was not deducted in P.Y. 16-17 , but was deducted and paid on 31 May 2017. Is the expenditure allowable in P.Y. 16-17?
Pls provide answer as per Section 40(a)(i) of the Income Tax Act.
Thanx..