Dear Sir,
An Assessee who is in Profession and showing net income Rs. 35.00 Lacs and net profit after deducting all expenses is 60%. So he has the option to file ITR 4 (Sugam) but if he wants to file ITR 3 can he file that Return for A.Y. 2017-18 because he maintains books of accounts.

Thanks,
Abhishek.

A male assessee who is aged about 77 years and he is Advocate by profession and doing only Chamber works. His annual income by way of Advocate Profession is less than Rs.80,000/= - It is not the constant income which will be earned every year. He has income by way of pension which is constant to an extent of Rs.1,45,000/= per annum.

In this situation, Whether Section 44AA will apply to him? If so, what are all the books of accounts should be maintained by him?

Clarify that whether Advocate profession is a proprietary profession or specified profession or any other?

Which ITR form should be used by him for the Assessment Year 2017 - 2018?

Sir, there was a mistake in the TDS Return filed. We have wrongly mentioned the name of a person instead of another in the tds return. so what should we do to correct the mistake so that the right person will get the tax credit instead of the one who has been mentioned in the return? Should we revise the return or file online correction statement?

Hi,

I was wondering that after the introduction of GST, will we be able to claim GST as a company if we have:

1. Restaurant bills
2. Telephone bills
3. GST paid under car purchase (under company name)

1. One of My client liable to deduct tds u/s 19H i.e. TDS On Commission. I want to know the thresold limit is applicable for payment made to one party or for all party to whom payment is made?

2. If payment made partly in may 2016 and partly in march 17 what would be the threshold limit or at which % tds deductible?

3. If Tds deductible for March 2017 and same has been paid after 7th April whether late payment interest is applicable on tds?

if individual person has bought flat Rs. 78 lacs . there two seller (brother-sister) and two buyer (husband-wife) as per sales agreement . sales agreement made on 2.03.2017. first payment made on 8th march and second payment made on 2 Apr and remaining two installmentl wil be made (including housing loan amount) in month of may . but seller want TDS certificate form 16B at the time of last payment which will be done in may 2017.

please confirm my understanding

each buyer should deduct 19500 in favour of each seller
there wlll be 4 challan and 4 certificate
FY will be considered 2017-18 .

I WANT A BOOK ON GST ..PLS SUGGEST ME

Dear Expert,
Have taken an employment with a U.S company. It is currently not registered in India. However I work from India and my employer pays my salary in Indian currency into my Indian account thru their Consultant's bank account.
Given that my income is in the tax bracket, wanted to know on the tax implications.
1. How to pay my taxes and file returns in India. (can it be done thru payment of self assessment or advance taxes as the case may be) & which ITR form is applicable for me. It will be treated as foreign salary or Indian Salary.
ITR-1 : Salary - Company TAN details are mandatory. In such case how to declare Indian salary.
& if it is treated as Foreign salary which ITR form is applicale.
2. Is my employer liable to deduct taxes at source on my salary income even if they do not have a branch/registered office in India.
3. If TDS have to be deducted on salary paid in India by the employer what is the procedure they need to follow.
4. Thank you.

Dear Expert
I am working in Ready made Garments Trading company, we have many retail outlet on rent,
My question is we paying Rent (including Service tax) against our rental property (Store & Office) and now we start some commission business in our trade and getting commission including service tax. i want to know, can we take the service tax input against rent.

Dear Experts, on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible? Regds Anshul