Sir,
Assessess rental income from commercial property received.
Question:
Rental income is show under house property or business income or other sources head treatment in it act.

Hi All

Bill from CHA(Custom house agent) include service charges + reimbursement of Govt. Dues (ie. warehouse charges and others) . Whether TDS is to be deducted on whole amount or only service charges of CHA? under which section it will be applicable? 194C or 194J

Thanks in advance.

As goods purchased from supplier on that tds under 194q applicable but freight is disclosed in invoice as per accounting freight is included in cost goods but freight disclosed seperately then tds under 194q to be deducted on total of value including freight ????

My Client Wants Filing income tax return of previous year - A.Y.20-21 on this assessment year by u/s 119(2)(b). Because he have a TDS of Rs.12000 in those previous assessment year. so, can he submit his Income tax return of previous assessment years , u/s 119(2)(b) and can he get a refund? If Yes, Then Please tell me a Procedure of Filing IT under Condonation of delay.

Let us explain to you that, our two entity (India and Singapore) Company has bid through Joint Venture. We get the project through joint venture. Both the companies work in the same project, but the client will pay only one of them. We issue invoices from India, as there is DTAA in India and client country. My question is how will we pay to Singapore company, as both are working in client place. Can anyone explain the procedure, how we can do payment/fund transfer (certain %) from India to Singapore. is TDS/WHT/RCM applicable on when we transfer fund from india to singapore,which based ?

If suppose, the assessee company could not file form 10IC before the dure of filing of income tax return through oversight and Tax auditors has mentioned the option for concessiona rate of tax i.e. Section 115BAA, whether the demand raied for application of normal rate of tax, Can assessee file rectificaiton applicaiton to the learned assessing officer for cancellation of demand. Kindly advise

Dear Sir,

One of my client is into Transport business of Freight and his Income tax return is filed as a proprietor. He is also registered under GST wherein his Sales is exempt from GST.

The total turnover of his business is Rs. 3.5 crore. I want to know is he be liable for tax audit U/s. 44AB for F.Y. 2020-21.

Please help me in this matter.

Regards,
Divyesh Jain

If one discontinue to pay premium for ULIP after 3 years but receive amount after 5 years i.e maturity term. what will be the taxation effect?
What will be the taxation if 80C benefit not claimed?

Respected Sir,
I had filled Details of my GSTIN and annual turnover in "Schedule-GST INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST" in online ITR3 form, and filed my return. But after downloading the PDF of the filed return, there is no entry in the GST schedule.

Should I file a revised return? Will I get notice for missing entry?

Thank you for your kind advice.

Sir, My clients woned 3 house property. 1 is self occupaid & another 2 is let out, They are legally owners as per sale deed & loan agreement, but 3 house property totally funded & loan repaid by husband. The rent arise from 2 letout property is deposited to wife bank account, What is the tax treatment of profit/ loss arise from 2 letout house property & interest of SB , arise from house property income? . Is it included in Husband or wife tax computation? Please clarify.