Sunday, 15 July 2018

What are your views on the income tax 30.67 crore notice on Arvind Kejriwal's AAP for illegal donations?

Let me share my own views about these. In India, every political party survives with donations from Corporate Companies. No party is an exception for this.

When the New companies act bill was passed by the Congress government in the year 2013, the political contributions from the companies were restricted to 7% of the previous 3 years' average profit. The further company requires the member's approval and compliance in addition to the above.
But the Modi government lifted all the restrictions from 30.03.2017, and now directors can pass resolutions independently.
Sincerely I need a clarification regarding,
Whether such relaxation to corporATE companies will help Swachh Bharath or Make in India on Demonetization? Why it has happened on 30.03.2017 Only. ? Why don't they make it after 2 years i.e post 2019 elections.
How they will donate the shareholder's money to political parties. Where they are going to invest this money?
Finally learned that we are trapped in an Indian Circus company. At least we need to realize how long we are going to continue this Circus performance.
Jai Hind.


I have 2 form16 in the same year, so how can I file my incometax?

Dear sir,
You might have 2 Form 16 because you're working in 2 different companies in the same assessment year.
You must disclose both incomes in your income tax return.
In the IT return form, we can find the TDS deductors sheet. The multiple numbers of Tax deductor details can be filled one by one. Fill in both the deductor and deducted amount details in such a sheet.


Is a pub allowed to charge compulsory service charges despite GST?

Hi Sir,
  1. No, Pubs cannot charge service charges without the acceptance of the customer.
  2. Generally, Restaurants and Pubs used to charge 10% as a service charge apart from GST.
  3. Everything depends on your sole discretion.
  4. Further, entertainment tax on PUBs and discotheques was also subsumed under GST. Previously it was 10%. Hence no need to pay Entertainment Tax also.
  5. Now GST will attract other than liquor. i.e Foods & Entry Fees etc



Can a government salary employee carry a proprietary business? Which ITR form should he fill out?

Hi sir,

There is a restriction on government employees to carry proprietary business. I will suggest you start your business under any other person's name.
Further, the ITR return form shall be ITR 3 for FY 2016–17. Which is required for business or professional incomes along with salary incomes. If you have only salary income, file it in ITR-1

Hope it is useful.