Can I person who is into business of Developing and Selling of Plots claim section 44AD of Income Tax while filling ITR? If Yes, then what business code to be choose in case of nature of business?

Thank You

Do we need to file form 10IE(115BAC)
& form 10IC (115BAA for companies) every year ?? or we need to file during 1st year of opt in ??
second query is can we opt out from this sections ??
As per my understanding 10IE is required to file for ITR 3 or 4 once while opt in n not required to file again in subsequent years. form 10IE is required to file again while opt out & once opt out we cannot again opt for section 115 BAC. Form 10 IC is required to filed only during 1st year of opt in n not required to file in subsequent years. once filed form 10IC then cannot opt out of this section. Is this correct ???

While filing IT return, my 26 AS has been reported an SFT of 17 lakh regarding usage of credit card. Actually this spending was not fully pertaining to me. My family and friends using my card for their purchase and i collect money aginst the same on my card due date. Is there any problem in this?. Is this require any further clarification?

Items 1-5 is to be filled if Yes is selected in field Are you liable to maintain accounts as per 44AA ? in General Schedule - Audit Information Item 6 is to be filled if ' No ' is selected. How to short out.

Sir,
A person cash gift from non relative value rs:3 lacs previous finicial year.if assessee rs:3 lacs not showing income treatment in it returns.
Question:
Assessess above transaction show procedure in books and it returns.

Sir, while filling value ( after going for validation ) in each quarter it does not take negative value, in 16/12 to 15/3 where as the total STCG value is positive. please guide me

If a India company taken a property in rent in Delhi but property owner raised bill from Dubai and given PAN which was registered in India and bank account also in India,

So TDS Deduct u/s 194IB or u/s 195

DEAR SIR,

PLEASE SUGGEST ME, ONE OF MY CLIENT PURCHASED A SITE IN FINANCIAL YEAR 2016-17 AND HE SOLD THE SITE IN THE FINANCIAL YEAR 2021-2022. HE RECEIVED ENTIRE AMOUNT MARCH 2022. BUT HE PURCHASED RESIDENTIAL HOUSE PROPERTY IN THE YEAR OF 2022-23. BUT THE ENTIRE AMOUNT DEPOSITED IN HIS S/B ACCOUNT AND HE DID NOT DEPOSITED ANY CAPITAL GAIN SCHEME UNTILL HE GOING TO PURCHASE ANOTHER RESIDENTIAL HOUSE PROPERTY U/S 54F. NOW CAN WE CLAIM EXEMPTION U/S 54F BECAUSE HE PURCHASED THE HOUSE PROPERTY IN THE YEAR OF 2022-23. OR HE HAS TO PAY CAPITAL GAIN AMOUNT WHEN HE RECEIVED THE INCOME OF SOLD PROPERTY.

PLEASE SUGGEST ME BECAUSE WE NEED TO BE FILED HIS IT RETURNS WITHIN DUE DATE.

THANK YOU

REGARDS

Dear Sir,

While verification of an AIS it has come to notice that an Assesse is dealing in Sales & Purchase of Securities & Units of Mutual Funds along with Salary Income being main component asking for multiple times with respect to Tax P & L unable to receive the same, kindly advice.

Sir,

One my friend is salary employees as lecture in college received Salary income FY 2021-22 Rs. 2,36,000/ also he received examiner fees Rs. 9433/- and deducted TDS Rs. 943/- under section 194JB. He also done transaction Share market short term loss Rs. 26249.70 speculation 2684 (loss) , he sell the share future & option also loss Rs. - 35,063.75/-.

Kindly guide me which return he apply to file the return ? ITR 2, ITR 3, ITR 4