For starting the business, HUF is created and for this HUF gets Rs. 250000/- as gift from the father of Karta of HUF. However no income could be generated from the gift money and so during the year total income of HUF is Rs. 250000/- which is in the form of gift. My question is whether HUF will get the benefit of basic exemption of Rs. 250000/- and will not be liable to file any return any pay tax?

Sir/Mam,

Itr for AY 2014-15 has been declared invalid as per order u/s 139(9) .

Now, time limit for filing ITR is also expired .
What should I do now? what should be the response ?

Please reply.

i do not understand the the word "' In case the periodicity is more than 2 months, the same will not constitute wages and no contribution will be payable as in the case of incentive bonus. "" . can you plz clarify this. also give some suggestion how to reduce the esi contribution and increase the in hand salary of office staff . we have facility management company.plz view ur opinion about this matter

I am an iron and steel proprietor and have submitted my gst registration without digital signature. I have successfully downloaded emsigner but unable to validate the digital signature on the gst portal since it shown 'failed to establish connection to the server.' did a lot of exercise with the guidelines from various sites. still could not go through. Can anyone help ?

Actually TDS @2% is to be deducted by company while paying amount towards advertisement expenses if it exceeds Rs.30000.
The amount Rs.30000 is paying amount or Bill Amount
Tell me that Bill amount is Rs.28500
Service Tax @ 15% is Rs.4275
total Amount is Rs.28500+4275=32775 whether TDS is to be deducted or not
Please clarify my doubt sir

Dear Experts,

I am running a recruitment consulting firm registered under proprietorship.
In this industry clients generally delays the payment or some bills get cancelled if the candidate leaves within the replacement period i.e. 3 months to 6 months.
In that case how should I claim back my service tax amount paid against the said candidates bill.
Kindly advise..

Regards,
Soma

Hello Experts, I have a query, i am going to start a e commerce website in which i will sell paintings, hand crafts and hand made things. My maximum vendors are small store keeper so they don't have TIN number. I registered my firm as pvt ltd company and going to raise invoice on company name. i want to know weather i have to collect VAT or service tax from clients and any other tax compliance which i have to follow......please suggest thanks in advance..

I filled return u/s 44AD because proper books of accounts are maintained, but IT department issue notice U/s 139(9) reason - P&L a/c and Balance Sheet not entered.
I also have agricultural Income so that ITR form - 4 automatically selected.
Now how can i response to this notice?..
can I enter approximate profit & loss a/c and balance sheet based on available data?.. If I do this is there any risk i.e to get another notice from IT department.

Dear Sir,

What will be my tax liability, if I am treated 'Resident' as per Income tax but remain 'Non Resident' under FEMA

As I am employed overseas but i travel a lot and this year I stayed in India for more than 182 days, so based on below mentioned figure, how my Income going to be taxed :-

Salary Income in Overseas 600,000/Yearly
NRE FD Interest 300,000/Yearly

*I am resident in U.A.E., so as per INDIA/UAE DTAA treaty, concessional tax rate is fixed at 12.5% in India.
*I heard that Interest on NRE fixed deposit will remain tax free, under IT act section 10(4)ii being my status as NRI under FEMA, untill I return India permanently.
*I don't fall in category of RNOR

Please guide me as soon as possible.

Regards
Pk

I have submitted my completion form after serving 3 years including leaves but due to some calculation error there is arising an extension in articleship. what should I do now? is there any fine in such a case?