Sir,
a person running a jewellery business
1.Gold loan from banks proprietor name:

Gold loan from bank of india rs:3 lacs and another bank gold loan from IOB rs:4 lacs
2. Gold loan from bank of india rs:2 lacs for wife name received.
Question:
1.Asseess Gold loan amounts accepted in it act
2.gold loan for wife how show procedure in books and it returns.
3.Gold loan interest pay amount business expenses treatment in it act.

I am getting the following error while filing the deductions in Capital Gain u/s- 54
"Please ensure the total of Deduction u/s 54 must match the same in Table D"
I am getting this error in both offline as well as online modes.

Dear sir

If an assessee had deposited proceeds of capital gains in Capital Gain Accounts Scheme & the said is not used within a period of 3 years then

a) Where to these unused deposits chargeable to tax (Capital gain or other source)
b) If it should be shown in Capital Gains then what will be cost of asset? i.e original cost of asset trfd or proceeds of CGAS?
b) Rate of tax

Dear Sir,
We are taking continous services of a transporter(Proprietory Firm) for dispatch of our goods, I just want to know that whether and when the TDS liablity will arise, Details are as below:
We have taken a total of Rs. 77,000 of bilties from the transporter in serval days in this Financial Year and
One Bilty is of Rs. 38500/- on which we have deduct and deposit the TDS but after that all bilties are in the range of Rs. 2000 to 3000/-,
I want to know whether the TDS will attract on those bilties too (which was raised on us after the bilty date of 38500/-) as i have deducted the TDS on One bilty which was over Rs. 30,000/-
Kindly assist me asap.

DEAR SIR,

ONE OF MY CLIENT IS SALARIES EMPLOYEE IN POST OFFICE, AND ALSO DOING POSTAL LIFE INSURANCE AGENT HIS SALARY INCOME IS MORE THAN 500000/- HIS RECEIPTS FROM INSURANCE AGENT MORE THAN 425630/-.

SO IN THIS CASE WHICH ITR IS SUITABLE FOR FILING IT RETURNS WHETHER IT MAY BE ITR 3 OR ITR 4. ITR 1 IS NOT APPLICABLE FOR HIM BECAUSE TDS DEDUCTED U/S 194H.

SOME TIME POSTAL DEPARTMENT ASSAIGN TO EMPLOYEES BY INDIVIDUAL INTEREST THEY CAN DO WORK AS INSURANCE AGENT NOT COMPULSORILY.


PLEASE CLAFIFY ME

YOUR GUIDENCE MUCH APPRECIABLE

REGARDS

Dear Experts,

My Stock trading turnover is > 1Cr. but < 10 Cr. and no expenses in cash.

Now, while filing ITR, some of the questions like a2ii below seem confusing. Will appreciate expert opinions to confirm if the answer to a2ii below should be YES/ NO.

- a2i: Whether during the year Total sales/turnover/gross receipts of business exceeds Rs. 1 crores but does not exceed Rs. 10 crores? - YES (No confusion here)

- a2ii: If Yes is selected at a2i, whether aggregate of all amounts received including amount received for sales, turnover or gross receipts or on capital account like capital contributions, loans etc. during the previous year, in cash, does not exceed five per cent of said
amount? - YES/ NO
(Here is the confusion.. Whether Yes means - Yes, the statement is correct and cash transactions does not exceed 5%? or YES would mean it exceeds 5% and then NO should be the option.

Thanks in advance

I have received a Demand Order based on 143 reason - Exempt Allowance Sec 10(13A) is more than minimum of :a) 50% of (Basic + DA) orb) HRA .Hence amount exempt u/s 10(13A) is recomputed accordingly. Form 16 has the correct HRA and I filed the same on my ITR2 for Ay 20-2021 . Also its claims of unmatched credits as challan not valuable in AY. Both HRA and Challan is same as what I filled in my return. What should I do next . File a rectification as Reprocess the return . Do I need to ask my company anything regarding HRA calculation . for the said year I claimed HRA for only for 8 months , due to change in employment I missed submitting rent receipts to old company and same for not on their Form 16 . Could this cause a problem.

Company give Rs.1,40,000, after deducted Rs.60,000 as TDS, to employee on condition that not to leave company in next 2 years.

What will the tax treatment of Rs.60,000 when employee leave job & give back to Rs.2,00,000 to company?

SIR,
IN CASE OF OUR CLIENT, HE IS TRADING IN DERIVATIVES . SALES -1900000 PURCHASE - 1800000 PROFIT MADE-100000 . TOTAL OF FAVOURABLE ANF UNFAVOURABLE DIFFERENCE IS 130000. HOWSHOW DETAILS IN ITR? AS PER ICAI GUIDANCE TURNOVER IS THE TOTAL OF FAVOURABLE AND UNFAVOURABLE DIFFERENCE . BUT THIS CALCULATION IS APPLICABLE ONLY IN CASE OF DETERMINING TURNOVER FOR THE PURPOSE OF APPLICABLITY OF TAX AUDIT LIMIT. HOW FILL ITR? SALE - 1900000 TO BE SHOWN IN SALES AND PURCHASE -1800000 AGIANST PURCHASE COLUMN IN ITR. OR 130000 TO BE SHOWN AS SALES AND PURCHASE COLUMN NIL. PLEASE CLARIFY?

Hi,
I am practicing IT consultant , but during CORONA LOCKDOWN (FY 2020-21) my revenue was zero, but I was Working from home for consulting bids as well parallelly working on some investment, which will generate revenue in subsequent years, Hence incurring expenses , which i would like to carry forward in subsequent years

How do i show those expenses on ITR under profession with "No Book of accounts"

BTW, Little speculative income have generated from intraday and short term share trading, but believe that will go under speculative and STCG respectively???

Please help

Kindly help