In financial year 2014-15 and 2015-16 I had opted for section 44AD(1). In financial year 2016-17, I declared profit less than 8% and hence audited the books of accounts u/s 44AB. Can I opt 44AD(1) in financial year 2017-18 and on wards.

as depositing of first installment of advance tax is 15 June...if somebody fail to deposit on last day...or he will deposit on 16 June is it considerd in first installment or in second installment? please reply

Dear Experts,
our company is providing Rs. 10K PM driver allowance however the car is owned by employee which is partially being used for official and partial for his personal purpose.

plz enlighten me can we provide the deduction of 1800 PM for car and Rs. 900 PM for driver allowance?

Thanks
KANCHAN

I had applied PAN card on 16/05/17. Objection was raised for DOB proof. I mailed it.
I got reply on 08/06/17 (after 15 days of mail) that we have received your document PAN card will be issued shortly.
Again on 15/06/17 i got the same reply.
Don't know when i will get my PAN card.
I had applied through UTIITSL.

Dear Experts,
we do provide security services at various places of client. pls tell me the Rate of GST on security service.

Regards
Mukesh

1. Under GST Transitional Provision we do not have any stock. Can we take the credit of accumulated VAT & Service tax credit in GST
2. In Maharashtra we have registration of ISD for service tax whether our the same will be continue under GST Law or we have to file monthly return in GSTR2

if assessee received HRA (as per form 16 show) but form 16 HRA exemption not provided, now ITR filling can assessee claim HRA. 2nd question is can such assessee claim 80GG, if he not want to claim HRA

We have incorporated a company with two subscribers to MoA recently. In MoA they agree to subscribe shares in 1:1 ratio. But actually they wanted it to be in 9:1 ratio. My question is, can we issue share certificate in this new ratio or is there any provision for changing the ratio. Also we want to have a concrete proof to convince the person with major share that he has been allotted with 90% of shares.

Reply

TDS - Form 26AS - "Date of Booking" Relevance

Income Tax ITR4-SUGAM FY2016-17 AY2017-18

Tax Payable : 85,000
TDS Deducted as per Form 26AS : 80,000
TDS Deducted when using PRE_FILL XML in ITR Form : 60,000

On Inspection , found the difference amount coming from the
TDS amounts with "Date of Booking" after 31 March 2017.

So while filing ITR , what should the TDS deducted be
80,000 (manually entered)
or 60,000 (as PRE_FILL)

Can I enter 80,000 ?

we are now not close Inventory book monthly or close month for Inventory transaction, we are asked to implement this. therefore my question are 1. what the benefit of monthly closer of inventory book? 2. if not close the inventory book monthly, what is disadvantage? please guide