my daughter is a teacher in Govt school. she has paid 50000 by pay order to IGNOU, a university for further education. is she entitled for any claim in Income tax. she has paid this amount from her salary account through draft.

Hi,

1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??

Son Gifted Money through A/c Transfer. what is tax libitiles in both??

Case1
Date of invoice is 24/10/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016

Case2
Date of invoice is 24/10/2016
Invoice received on 15/11/2016
Date of payment is 31/12/2016
Date of entry in books31/12/2016

When should we deduct TDS in both cases?

Hello Sir,

I am government employee (school teacher). In year 2013 i submitted rent receipt to claim HRA. Now there was an audit in my school last week and i was told that rent agreement was not submitted. So i have to pay income tax. Can you please help me what to do?

if a person has 5 shops and from 3 shops he receives rental income and 2 shops are vaccant , does deemed to be let out provision applies to him as it is a commercial shop? can we treat it as business income instead?

As per FA 2016.

Sec 44AD: Partners Salary and Interest on Capital not deductible from 8% of turnover in case of partnership Firm.

If a firm maintain proper Books of account and after charging remuneration and Interest on capital firm profit is less than 8% of Turn Over. Total TO of the Firm is less than 2 Crores.
Whether accounts( FY 201617) to be audited ?

let say I M/s Abc - earning commission from m/s xyz - foreign Company for supply of product x directly to M/s pqr - an Foreign Company. ( I go to many country and Book Order and many order received by mail )
so is it taxable under service tax

An assessee who has filed return for the AY 2013-14 and deposited more than 90% of tax as advance tax and accordingly interest under 234B was not charged at the time of filing of original return . Later on due to search this return is again assessed under section 153A and the original assessed tax is increase in the order under 153A , however the advance tax deposited is still more than 90% of assessed tax under 153A. whether assessee is liable to pay interest under section 234B(3) on the increased amount.

Dear Experts,

A service provider start his business in Sep 2016 and his turnover not exceed Rs.10.00 Lacs. Is he required to get Service tax registration.

If second and third year Turnover exceed Rs.10.00Lacs then he can Small service provider exemption?

Please clarify the same.

Thanks & Regards,

Moorthy A S

Hi,

I did not received form 16 for f.y. 2015-16 and my TDS is not deducted, So can I file ITR-1 for f.y 2015-16