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Are e-proceedings mandatory for notice send under Section 143(1)(a)??
Can i go to my A.O and explain my case instead of replying online??
Dec. 21, 2017
Hi, I have a question, please advise whether it can be done or not.

I work in the Affiliate marketing department for clickbank, I earn around 10 lakhs every month and the amount gets transferred to 4 bank accounts which belong to me, my father, my wife and my adult son. Each receiving 25L payments this year.

Now can i pay tax for each of my family member individually. lets say tax for 25L is 5,92,250.00/- So the tax im going to pay for all my family members would be equal to 23,69,000. So that i can save 6 Lakhs. My question is, can this be legal or do the single person who earn should pay the total tax amount for 1cr for 29,09,750.00/-
Jan. 22, 2018
What is the method of service of notice, orders etc.
Dec. 07, 2017
A cheque is drawn payable to “Y or order”. It is stolen and the thief forges Y’s endorsement and endorses it to Z. The banker pays the cheque in due course. Can Y recover the money from the banker.
Aug. 16, 2018
.... I am a businessman and grow sugarcane and use the same for the purpose of manufacturing sugar in my factory. 30% of sugarcane produce is sold for ` 10 lacs, and the cost of cultivation of such sugarcane is ` 5 lacs. The cost of cultivation of the balance sugarcane (70%) is ` 14 lacs and the market value of the same is ` 22 lacs. After incurring ` 1.5 lacs in the manufacturing process on the balance sugarcane, the sugar was sold for ` 25 lacs. How much will be business income and how much will be agriculture income ?
Dec. 08, 2017
..... I am an employee of Y Ltd. and have substantial interest in the company. My salary is ` 20,000 p.m. My wife is also working in Y Ltd. at a salary of ` 12,000 p.m. without any qualifications. She also receives ` 30,000 as interest on securities. She owns a house property which she has let out. Rent received from tenants is ` 6000 p.m. What will be the the gross total income of me and my wife for the A.Y. 2018-19?
Dec. 08, 2017
Hi
I am conducting an audit of company. It has hold the assets abroad also. How can I verify these Assets Abroad?
Feb. 20, 2018
I received a letter from my bank on 16th January stating they have received a query from the IT deptt regarding my IT details of FY 2009-10.

The bank has asked me to send them a scanned copy of ITR for FY 09-10. I have destroyed the previous years IT Returns. What do I do now?

I don't also know what is the query asked from my bank!
Jan. 31, 2018
Can you please tell me about income tax treatment of the following:
(i) Construction of school building in compliance with CSR activities amounting to Rs 6,60,000. (ii) Purchase of building for setting up a factory for production of fertilizer in India amounting to Rs 7,50,000. (iii) Interest on loan paid to Mr.Tapish (a resident) Rs 70,000 on which tax has not been deducted. The sales for the previous year 2016-17 were Rs 252 lakhs. (iv) Commodities transaction tax paid Rs 20,000 on sale of bullion.
Dec. 13, 2017
Hi ...

I had not filed my ITR for FY 07/08 and FY 08/09. That is because I made total loss in my share trading and hadn't "earned" anything for those years. Now, after such long time, department sent me a notice for not filing Income Tax Returns for those periods. How do I solve this matter? How do I present my case to the department?

About how I lost my money:
Back then I was doing Intraday share trading, and I used to do share trading with the margin of a share broker. I invested Rs. 1,25,000 when The Turnover was Rs. 54 lakhs in FY 2007/08 but it fell apart drastically to Rs 19 lakhs in FY 2008/09. And I lost my money.

Jan. 05, 2018

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