Tax questions

Got an email from Income Tax Department stating mismatch in Incom

The Email content is as such: Your return for AY 2017-18 bearing Ack. No. [deleted] was taken up for processing and on verification it was found that it contains arithmetical errors/ incorrect claims/ inconsistencies with respect to Audit Report /Form 26AS and the same is indicated in the table annexed. 2. You are required to provide your response to this communication by electronic mo...

Inquiry about Income Tax for F.Y 2017-2018

Hello, I am a resident of Mumbai but have left the city for good and have settled in South in a rented apartment. I will be filing my returns myself this time by myself as previous 15 years it was filed by the company directly and I just used to sign the return papers and later filed with 16 A & B form online. My income are as follows: Rent received from Mumbai house which is self owne...

Software reselling tax related queries

Hi Sir/Madam, Background: ---------------- I [Pvt Ltd] have a software reselling agreement with a US software company who does not have any establishment in India. US company will issue an invoice on my company name with mention of end customer to issue software license. I will be providing Indian rupee based invoice to the end customer and share the license key via digital/email. Question...

which process to apply to file gst

Post application for GST, I got my GSTIN No in July'2017 from the govt. I am a Sole propreitor of a Manpower Services firm. In July 2017 I billed my Client for providing Manpower Services. The Inovoice raised and presented to the Client from my side, for Services rendered to him were as follows. SERVICE FEE Rs 100 IGST @9% Rs 9 SGST @9% Rs 9 Total Invoice Amt Rs 118 In August 201...

FY 2013-14 Income Tax deduction is not updated in 26AS

Hi, From 2011(June) to 2014 (March) I had been working for Startup company. For the FY 2013-14 the Tax got deduct from my salary every month (which is reflecting in Salary slips). In 2014 (march), I have joined another organization. I have filed my ITR-4 by uploading Form-16 (For FY 2013-14). Later I have received from Income tax department saying there is mismatch in Form-16 and 26AS. Th...

IsVAT or Service tax applicable on independent villa construction

I am from Hyderabad from the state of Telangana. I have purchased a land from a builder in muncipality approved layout and registered in my name. Made an independent villa construction agreement with the same builder and the construction permission is taken in my name from gram-panchayat. He is constructing a group of houses with the same procedure along with amenities. I have made 96% of th...

Defective return

I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86 As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying o...

Received notice under section 139(9) for ITR 3..

Hello Experts, I have received a defective return notice us 139(9) for AY 2017-18.I have filed ITR3.I had just filled gross profit figure of Rs 1,95,000/-( Rs 20,000-tds deducted)(first year of professional income-Fashion designing) in P&L (No accounts case) & incase of Balance sheet all figures zero ( no accounts case).I have also mentioned NO in ITR3 form for Are you liable to maintain acco...

Drop shipping and GST within India.

Drop shipping and GST within India, but the Supplier is based in Unknown State but in India only and our website or the GST is registered for Maharashtra. I publish the products available on their App to my website. If order is received on my website, buyer gets a soft copy mail to its email Id having the GST amount charged against the products inclusive. After receiving order i will plac...

Question on tax filing

Financial Year: 2017-18 Name: Mrs Krishna , Age 60 Years Other sources of income: Nil Occupation: Home maker From sale of immovable property Rs 49,80,000 was received in her bank account. 2 flats has been purchased for her 2 sons. The sons are salaried employees aged 31 and 35 year’s. Ownership pattern of the flats is divided between the applicant and co applicant. In the 2 flat...