hi sir IT refund amount comes under capital account balance account...? please tell me sir

can long term capital loss with indexation set off in future years with long term capital gain with indexation.
or it can be set off against LTCG without indexation.

Dear Experts,

Please help to resolve this query, I am in big big confusion sir. Please, Please :-

We are manufacturer of Footwear & registered in existing law but exempt to pay Sales tax & Excise Duty
as our footwear is below Rs. 500/-. Hence exempted in both excise duty & sales tax.

Now, as you know, our item has become taxable @5% & we have migrated as well. My Queries are below :-
1) Can we avail input vat as we have Vat paid documents on Closing stock as on 30-06-2017? If yes, how many?
2) Can we avail Excise Duty as we have duty paid documents on Closing stock as on 30-06-2017? If yes, how many?
3) In GST our ITC mostly shall be fall under 18%. But our Output shall be 5%. Can we avail all our ITC or not? If not how to calculate "Claimable ITC".

Help me Sir, I am in deep trouble & harass to understand the above in simple way.

Warm regards,

Rakesh Sharma

Assessee received a non-filer monitoring system (NMS) notice for not filing ITR for A.Y. 2014-15.

Assessee opted for the Income Disclosure Scheme 2016 for the said A.Y. and the same was considered valid and accepted. Assessee have been paying the IDS installments on time.

A notice u/s 147/148 was later received by the assessee after the acceptance of IDS Declaration.

Original Return was not filed for A.Y. 2014-15. But, the assessee has included all taxable income for the respective A.Y. in the IDS 2016 declaration.


Please guide me on what course of action should be taken now.

how much salary can be paid in cash per month....

if we have a 13 employees and salary per month 16000 or above ...can paid 250000 per month in cash of salary

can we do cash payment exceeding Rs.10000 in a day to different persons for a particular thing .For example Repair of car expenses incurred Rs.35000 like for purchasing Tyers from A for Rs.10000, Battery Purchase from B for Rs.6000 so on.Does the total expense will be allowed for get disallow

Dear Experts please tell the procedure to get gst number for a fabric dealer??

Dear Sir,
An Assessee having disability of 50%, So how much deduction he will get u/s. 80U in IT Return.

Thanks,
Abhishek.

Sir,
Our client has received a letter from income tax department regarding non filing of Income tax return for the AY 2012-13, 13-14.

The letter says to submit the online compliance. However he wish to file the return. As the last date for filing of his return has ended and no intimation has received from ITD Under which section return has to be filed?

i have sale my immovable property to individual at rs. 50 lakhs. Rs. 27 lakhs received immedieatly and balance 23 lakhs was directed to pay to the developer(builders) which was due to me and stamp duty value or circle rate of the property is 42 lakhs. so what should i take full value of consideration for capital gain purpose. and also what is my cost of acquisition if i had actually paid for this 17 lakhs.