Dear Sir,
In gst regime, Whether an assesse can claim ITC paid on capital goods - truck.
If yes then in how many installment it can be claimed ?

i uploaded my itr-4 for the AY 2016-17 as belated return .I filled in sheet PART A Profit & Loss in under the column where regular books of accounts not maintained I showed (Gross receipt Rs 605880) (Gross profit Rs 605880) (Expenses 328715) lastly net profit comes out Rs 277165 which is not taxable as per slab rate & which is not liable u/s. 44aa and 44ab , I selected both options as ‘NO’ I filled with blank balance sheet. but now i got the defective notice u/s 139(9) for the return intimating that "Tax payer having income under the head of profit & gain of business & profession but has not filled balance sheet & profit & loss account as required in explanation(d) under section 139(9) read with section 44AA.
I want to know when my income is less than taxable limit & properly I selected the option "No" across section 44AA & Section 44AB, then why dept is asking details for Balance sheet & P & L. Have I committed any mistake while filling return of income..plz share your views.
Thanks a ton...

WHAT PERCENTAGE OF MIMIMUM PROFIT SHALL LIC AGENT SHALL DISCLOSE IN INCOME TAX RETURN???

CAN ANY HAS ANY IDEA????

dear concern, my uncle is retired from Air force and now he is getting tension monthly, which itr form he needs to fill and pension comes under which head? uncle has also income from bank interest. regards Tarun

Dear Sir,
Our company in Delhi & Hired a depot in U.P. Rs.48400/- P.M.+18% IGST 8712=57112/- paid P.M., Land lord having GSTIN no. (Regd.under GST). Now i want to know that "How i can input Credit of Rs.8712/-"

Thanks
Ikramuddin Saifi

Whether deduction for partner's remuneration & interest is available to firm , if firm opts for presumptive taxation under section 44ADA of the Income Tax Act, 1961.
Thank u in advance

Hi All,

We are into Event Management Services, we conduct corporate seminar to our clients
we are bangalore based and registered under GST

for example if do event in HYD in five star hotel, we wil get CGST & SGST bill bcoz place of supply is HYD, can we claim this input Credit as we are registered under GST only Bangalore

Is this section voluntary or mandatory??

Please clearify that if a properitor of a business who files return as an individual &he runs a properitorship firm as name of the entity for which he shows income in his return of 2017-18 already linked to his pan in both bank acount&income tax site &he fills details of his entity name of bank acount selected for refund issue i.e.abc.&co &his name in pan is mr.ram .will the itd credits his rund in his bank ac which is in the name of entity i.e.Abc&co or he has to revise the return putting bank acount &details in his individual name acount which is also given in Itr but in other bank account detailsstarting at no-2. pl.clearfy &oblige?If not the remdy &procedure,please.

is gst applicable on overtime wages / salàry paid in respect of which esi n epf also deducted