TDS remitted on 28.09.2017 vide cheque is not showing on the Challan Status Report, either on CIN based view or TAN based view taken from TIN- OLTAS. All other challans taken before and after 28.09.2017 is shown on the challan report. Can I file 2nd quarter return including that challan since I have received the challan serial number from bank receipt?
Or else what I have to do for filing the quarterly return? Please give a solution.

Hi sir, I have confusion on following matter please suggest-

As per exemption notification on 5th June, 2015 section 180 is not applicable to the private company. means as per 180(1)(c) private company may obtain borrowing without passing special resolution and no limits is applicable as given under this section.

Section 73(1) and (2) says, no company shall invite, accept or renew deposits under this Act from the public except in a manner provided under this Chapter. and company may accept deposits form its members on terms and conditions as given under section and rules.

So, Amount received form third party(individual), is this treaded as deposits or loans from him and which section is applicable to this transaction (the word PUBLIC includes outsider individual other than shareholders)

Sir
Whether Short Term Capital Gain on Mutual Fund will be proportionate of the total gain for computation of income tax.More precisely I am placing my case as follows.An amount of Rs Ten Lakhs ie 1000000 was invested in a Non Equity Mutual Fund.A year later the value of the investment increased to 10.8 Lakhs ie Rs 1080000..Now due to some exigency we want to withdraw this amount.Actually total capital gain in this case is Rs 80000 which is in fact 7.4% of the total value of Rs 1080000.Now for computation of income tax whether total value of Rs 80000 will be considered which will mean IT HAS NO DIFFERENCE WITH BANK FD DEPOSITS.But if only 7.4% of Rs 80000 is considered the value of capital gain will come out to be Rs 5926 which will levy an income tax of Rs 1831 considering highest tax bracket of 30%.But if total value of Rs 80000 is considered it will lead to an income tax figure of Rs 24720.
a)If we withdraw only Rs 80000 the what will be the tax
b)And if we withdraw Rs 1080000 what will be the tax
Please therefore opine what will be the capital gain Rs 5926 or 80000

With thanks.

if my income is 180000 for fy.2016-17 and capital gain 10000 then i should pay tax or not?

Mr. A has purchased open plot of land in the year jan 14 for Rs 3400000/- lakhs expended legal (stamp duty) Rs 3800000 in march 2017 & sold plot on 20/04/17 for Rs 29000000/-

Now he is going to invest Rs 48 lakhs in capital gain bond(u/s 54 EC)

balance of Rs 17500000/- he is going to puchase other than house proprierty, period for investment is til 31 st july 2018
Is correct? what is period of investment ? pl guide

i had obtain regn on 20 sept and applied for it on 15 sept , a supplier had supplied goods on 17 september and billed it on 11.09.2017 on my gst no. can i claim itc on it?

As per section 44AD of the Income Tax Act, 1961, assesse must declare profit @ 8% of turnover and all the expenses including depreciation shall be deemed to have been allowed as deduction. With effect from AY 2017-18, deduction of interest on partners' capital and remuneration to working partner will also be not allowed. Now the question is such non allowability of deduction of interest on partners' capital and remuneration to working partner is applicable only when the income is declared u/s. 44AD or also in cases where books of accounts are maintained by the firm.

Whether due date extended for GSTR 4

dear all,

we had purcahse (Import) one machinery in 2012 paid CVD & Also credit of CVD Taken in Excise books.

Now we are sell the same machine (Export) to third party

please example how we will make invoice and what we charged GST or Excise
please explain.


kaialsh

Dear Sir,
An Assessee who has has stayed for 120 days in India and rest of 240 days he has stayed outside India in F.Y. 2016-17. He has worked in a Private Limited Company for 120 days in India and he has earned salary from that Company. Whether the salary he earned from the India company will be exempted from tax liability as he has stayed for less than 182 days in India and he should be treated as Non Resident as per Income Tax. Please suggest what he should do, whether he has to pay tax in India or not.

Thanks,
Abhishek.