Here is Portfolio page of Anurag, with all his work

I own a light commercial vehicle for 9 months 7 days, a medium goods vehicle for 8 months and a medium goods vehicle for complete of previous year.What will be my income of previous year if i opt for provisions of section 44AE?
Dec. 13, 2017
Write down difference between ‘On-line processing’ and ‘Real-time processing’.
Mar. 08, 2018
One of my friend, Puneet is employed as a cashier on a monthly salary of Rs 25000 by PNB bank for a period of three years. I gave surety for puneet's good conduct. After nine months, the financial position of the bank deteriorated. Then puneet agreed to accept a lower salary of ` 15000/- per month from Bank. Two months later, it was found that puneet had misappropriated cash since the time of his appointment. What is my liability in this case??
Dec. 13, 2017
Hey I am in the business of diary farming...I collect milk and sell it to Amul...Can i avail the benefit of Section 44AD??

Also, If i do not avail the benefit of Section 44AD but wants to claim profits lower than 8%, what shall I do?? Also, i am currently buying fodder at Rs 5 per kg. In case i grow own fodder, cost of production will be around 2 per kg...Can i avail market price as deduction in case i grow fodder on my own??

Jan. 05, 2018
Please tell me - whether any Indian citizen can incorporate an One Person Company? My friend told me that that only an Indian citizen who has stayed in India for more than 180 days in last year can form an OPC. Is he right?
Dec. 13, 2017
Income Tax Department sent a notice u/S 143 (2) to me asking -"Whether the investment and income relating to securities transactions are duly disclosed." for AY 2015-16. While filling ITR for AY 2016-17, I have wrongly selected AY as 2015-16 instead of 2016-2017. For AY 2015-16 my income under salary head of Rs 240000 /- and for AY 2016-17, my salary income is 470000/-.Due to this I have earlier got intimation under section 143(1) ,and have to pay 17000/- as tax for AY 2015-16 and again have to pay interest on income tax while filling ITR for AY 2016-17. I have complaint on this through online regarding this, they have told me to visit my Assessment officer for rectification. It is further submitted that I have trading business in stocks markets during AY 2015-16, but I suffered losses. Now, I have been served notice u/s 143(2) ,regarding income related to income from securities for FY 2015-16. What reply and evidence should be sent to IT department?
Jan. 05, 2018
Which thumb rule of construction is applicable when there is conflict between two or more provisions of the Act??
Dec. 13, 2017
What are the key features of return mechanism in GST?
Dec. 14, 2017
What are the conditions necessary for obtaining ITC?
Dec. 15, 2017
Hey...My friend did not have access to internet banking. He wanted to purchase a bike..So he deposited cash in my account and then i made the NEFT to Eicher Motors(Bullet bike)...What will the tax implications?? Amount of money deposited in my account is Rs 2,02,000

Jan. 05, 2018

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