Tarun Srivastava
07 April 2017 at 11:30

Part time Accounting Income

my whole earnings are from part time accounting and my qualification is M.Com. please help, in which income head., i should file income tax return.



Anonymous

Dear Sir,
Is it required to file Form MGT-14 for approval of annual accounts by a Private Company (Which is a subsidiary of Holding Company)?

Ref: In case of private company - clause (g) of Sub-section 3 of Section 117 shall not apply . - Notification dated 5th june, 2015.


Rahul
07 April 2017 at 10:30

FOB price

Hi friends.. Can you please give me brief about FOB??



Anonymous
07 April 2017 at 10:23

E verify itr 4s

Hello
I have filed itr 4s with refund but I am not able to e verify with the Evc generated on the phone and mail I'd , it's showing invalid Evc , generate Evc with valid mode ! So what should I do ? I have to send the itr v copy to Banglore or there is any other mode available for verification of itr with refund ?
Please suggest .
Thanks


Ashwini
07 April 2017 at 08:48

Exemption of agricultural income

A PERSON HAS PURCHASED AGRICULTURAL LAND 10 YEARS AGO . HE HAS NEITHER SHOWN THE PURCHASE OF AGRICULTURAL LAND NOR REPORTED THE AGRICULTURAL INCOME IN HIS RETURN OF INCOME . IF HE SELLS THE AGRICULTURAL LAND NOW ; WHETHER THE GAINS ARE EXEMPTED OR TAXABLE .


Ashwini
07 April 2017 at 08:45

Capital gains

A PERSON HAS PURCHASED RESIDENTIAL HOUSE 10 YEARS AGO . HE HAS NEITHER SHOWN THE PURCHASE VALUE OF HOUSE NOR REPORTED THE RENTAL INCOME IN HIS RETURN OF INCOME . IF HE SELLS THE HOUSE NOW & PURCHASE ANOTHER HOUSE ; CAN HE AVAIL TAX EXEMPTION u/s 54 OF THE I.T ACT.



Anonymous

One of the Departments of Panjab University, Chandigarh wants to organize a Training Programme for skill development of the students of neighboring educational institutes during summer months (June-July 2017) for which a fee of Rs 7500 has been fixed. The utilization of the fee to be charged will be as follows:

i) Payment of honorarium to the teachers and the technical staff to be involved in the training
ii) made available to the Department concerned as part of Equipment fee (to be utilized for development of infrastructure and maintenance of equipment)
iii) Purchase of chemicals and other consumables to be used in the training program
iv) Administrative charges to be paid to University
v) Miscellaneous (printing of certificates and other material to be given to the participants)

It would be appreciated of you please make it clear whether the fee to be charged for such a training program attracts any SERVICE TAX liability


Guest
07 April 2017 at 06:24

Ratio analysis

Sir, Cash revenue from operations 25% of total Revenue from operations, credit Revenue from operations 300,000, Gp 33. 3% on cost of revenue from operations. Please what will be cost of revenue from operations? And how?


Ujjwal kumar
07 April 2017 at 00:35

Sec 44ab

Assessee has T.O. of 85 lakhs in p.y.17-18 and he does not declare income @8% u/s 44AD instead he declare an income of ""2.3 lakhs.""
Whether he requires to get his accounts audited ??


PRAVIN PANDHARINATH DAREKAR
06 April 2017 at 22:12

How to show asset and rent income

Assessee's Father Purchase Property in Joint Name i.e. in the name of assessee and his name and full amount is paid by father. he(assessee's Father) not filing the income tax return due to income below under taxable limit. Assessee is filing income tax return,how property will be shown in assessee's balance sheet and how rent income will be shown.





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