A charitable trust formed in the year 2015, not yet registered with income tax department. In the financial year 2015-16, an amount of Rs 20 L received as donation but expenses on charitable activities amounted to >25 L, the loss was met with loan from persons. Is the income taxable? what to do to register the trust with income tax dpt?

Dear Sir/ Ma'am

ITR already filled, but time to submit ITR-V was lapse.

In Dashboard, the return filled was showed, but not processed or default return shows.

Tell me what to do to file return for that particular assessment year?
Should I file revise return or file billated return??

Thanks in advance.

Sumit A. Raval

in case of joint loan can a single assessee can claim full amount of interest in his ITR. ownership is 50-50%. person who want to claim is paying whole of the interest amount.

I'm going to appear for this Nov attempt. I'm taking coaching classes for group 1. but is it possible to self study for Group 2 ??? and how important is ICAI's study material. shall i read them(each subject). apart from class notes, can i prepare self notes from ICAI's study mat. I've heard from many senior that it will be helpful in last day revision. shall i make notes for each subject or just for specific subjects?? thank u

Good evening sir Very urgent query I an hare again to get your valuable answer.We have purchased a proprietor firm 1.30 Cr with all assets & liability and we carry forward all assets & liability in my books but we don't understand how show the stock in books and we have 11 cr stock now my query is if I show stock through purchase so came loss in my books pl reply which is the way to book stock and don't book loss

Dear All,

A friend of mine sold a property in July 2016 and had a long term gains of Rs. 7 Lacs (after applying indexation provisions) & he purchased another property on the same date for Rs. 9.00 Lacs in the name of his wife, she is a housewife.
Now please answer Whether he can claim the exemption for property purchased in the name of his wife ??

It is mandatory in itr 4s to show purchase , opening stock , closing stock , cash balance, bank balance ?

Dear Experts

I have a dout so need your help

I have completed B.com, 1'm working in one company as accountant and also free time I'm trading in equity cash , now i m planning to open one website and give call to customer and I m plan collect 5000 per month from them. if i do this compulsory need licence or can show this in income tax as commission from income from other tax head? please rectify my above issue

Regards

Dear experts I need your valuable advice that can any single partner in partnership firm keep the authority to add a new partner or expelled existing partner. If yes then how can he do.

Sir.

Facts,

ABC Nidhi Limited incorporated in 30/01/2016

CBA Nidhi Limited incorporated in 09/05/2016

Required

What is due dates for filing applicable returns in both the above cases
When Statutory Audit to done
When to appoint the auditor


Thanks in advance