LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

LAWYER ASSOCIATES   04 March 2018 at 17:17

If A has income in 2007, Now AO can open our case u/s 148

There was income in year 2007, assessee not file his return of Income, Can AO open our assessment of 2007 today? What are the provisions u/s 147 & 148? Pls reply

LAWYER ASSOCIATES   04 March 2018 at 17:13

Sale of rural agriculture land, whether filing of return is

Assessee has sold rural agriculture land out of notified area, its not a capital asset, whether, whether we require to file a return

roshan   20 February 2018 at 18:59

complaint again and again

If one of the person doing complaint against me in income tax department again and again then is any procedure to get rid from that person
Thanks

rajesh jakka   19 February 2018 at 16:10

Gst implication on merging of two firms

Dear Expert,
good evening,
we have been running our firm for last 9 years and our competitors have been running their firm for last 5 years and now they want to include their firm into ours, hence i request you to kindly tell me the procedure under GST act on the closing stock

some are saying the entire closing stock of my competitors has to be written as sale to my firm and the we need to claim the same as input, is it correct?

some are saying, it will be a stock transfer since entire firm is going to merge into my firm, hence they are bringing their stock as their capital into our firm, hence it shall not be considered as sale,

hence please let me know the procedure and the method to be adopted for merging and stock valuation,

thanking you,
yours truly,

rajesh jakka

subramanyam panth sadhu   18 February 2018 at 19:42

Rectification of mistake u/s. 154 of the income tax act

Is there any time limit for the "assessee" to make an application for rectification of mistake as Sec. 154 speaks only about the time limit for the Assessing Officer to pass an order except for exceptions U/s. 154(7)? What is the remedy for the assessee in cases falling outside the AO's Power to pass Order within 4 years. What is the right course.

Suvesh Sinha   12 February 2018 at 18:57

Tax deposit

My mother-in-law is a pensioner. Apart from pension, he earns income from interest on FDs/SCSS and house rent. Whether she should deposit all the due Income tax by 31.03.2018 for the FY 2017-18 (AY 2018-19) or she can deposit it before the last date of filing IT return.

SHAH BANO   12 February 2018 at 16:38

Charge 18% GST By Mr. Brown.

Today I purchased a cake worth Rs.444.92 and Mr. Brown charged me SGST 9% and CGST 9%. As far as I concerned now GST on food items is only 5%. Plz tell me do they charged me the correct GST i.e. 18%.

Anonymous   12 February 2018 at 16:29

Charge 18% GST By Mr. Brown.

Today I purchased a cake worth Rs.444.92 and Mr. Brown charged me SGST 9% and CGST 9%. As far as I concerned now GST on food items is only 5%. Plz tell me do they charged me the correct GST i.e. 18%.

Santhosh   07 February 2018 at 23:21

Property investment

Hi, Me and my wife jointly owned a apartment and sold it around a year back. 2/3 of the amount from selling was paid towards the outstanding home loan and for the remaining 1/3 amount I am yet to make any tax payment. We planned to buy a residential plot with the gain i.e. 1/3 gain, and I would like to register this plot in my wife's name. If so, will I still need to pay the income tax towards the gain from the apartment? Or should we register the property jointly in both our names

Partha Chattopadhyay   05 February 2018 at 19:58

Income tax relief for senior citizens

Please clarify whether a senior citizen is required to opt either 80TTA or 80TTB to get relief of Rs 50,000 but not both.