Hi
Builder is making me to execute two agreements for under construction property:
1. Sale deed for 60% value
2. Agreement for construction for 40% value
To save registration charges
If I sell the property in future, will my cost of acquisition will be only purchase cost as per sale deed or will it be sum of total purchase cost in both agreements ?

Dear Sir/Madam,

NRI having professional income in India and got TDS deducted for such income under sec 194J, and now the question is that, professional income should be disclosed under which head and which ITR needs to be filed for the AY 2021-22.

Thank you in advance.

DEAR SIR,

I HAVE CLAIMED WRONGLY ITC IN THE MONTH OF MARCH 2020. THE PURCHASE BILL ISSUED ANOTHER TRADERS NAME HE IS MY CLIENT FRIEND BOTH ARE PURCHASING SAME PERSON SO THE MISTAKEN HAPPENED. WHAT TO DO NOW NEARLY ONE AND HALF YEAR PASSED WHETHER I HAVE TO REVERSE THE ITC ALONG WITH INTEREST OF AT 1% PER MONTH OR I HAVE TO PAY ENTIRE ITC WRONGLY CLAIMED.

PLEASE NOTE I HAVE ALREADY ITC IN ELECTRONIC CREDIT LEDGER.

YOUR GUIDENCE IS VERY IMPORTANT

REGARDS

Sir,
A small business non gst registeration and it returns non filing person which type of accounting books maintained for daily transactions.

Sir what are the necessary documents required for termination of Articleship by a student who opt the reason "student joining for employment " is NOC of principal is a mandatory document. I filled form 109 without attaching the noc of principal and regional office rejected my application. Is Absence of noc is the reason for rejection.

Respected Sirs,

Whether online utility is awaited for ITR-5 & ITR-6 ?

How to download JAVA Utility for ITR-5 & ITR-6 ?

Please guide me and oblige.

what to do if Sundry Debtors appearing on asset side of balance sheet, appears with minus sign.

Sir, one of my client takes Power of Attorney in his name from the land owner, He sells the land to third party-receives payment in his own bank account. Then he refund the payment so received to the actual owner by cheque. Neither any commission nor any ITDS provisions are followed in accounts. How should my client follow so that there is no any problems in Income tax.

RESPECTED SIRS,

If the source of receipt is JOB WORK only, whether such ITR can be filed under section 44-AD by declaring Net Profit @ 8% of the total Gross receipt


PLEASE GUIDE ME AND OBLIGE.

If individual is having Income from salary and Business both(i.e 192 and 194C for TDS), in such situation can he opt for 44AD section for business income calculation?