Dear Sir / Madam,
I am retired teacher and my husband too has retired from private service. Both of us now have our income sources only from Bank FD's, pension, post office savings and some dividend from Equity based Mutual funds, and 8% Taxable GOI Bonds-2003, we do not have any business or professional income or any income from property. We have been filing our tax returns for past 30 years regularly each year.
For past 2 years we were e-filing our returns in ITR2A. For AY 2017-18 I am told that for retired people like us we can now file ITR1. Is this correct? What is the correct procedure and form for us? My annual gross income is less than 6 Lakhs and my husbands gross income is less than 10 lakhs.
Request your kind clarification on our request. We both have our aadhar card which we have linked to our PAN as required for e-filing IT returns from this year.
Thanks
Sherryl

Dear Sirs
I am planning to go for CA practice.
Will you please suggest a book for GST which is useful from the professional point of view?

BILL FOR 2 LAKHS PAID ONE LAKH IN CASH AND ONE LAKH BY CHEQUE
WHETHER TCS HAVE TO COLLECTED ON TWO LAKHS ON ONLY ON CASH PORTION I.E.ONE LAKH
PLEASE CLARIFY URGENT

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.

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.

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

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

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 .

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.

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