Dear sir
I am Madhu GSTP Since 3 Years and Doing GST Related Returns and my doubt is can i file Income Tax Returns ??? and can i sign on that papers ..please suggest me please
Thanks in Advance
Namaste sir
I'm Narahari from Bangalore, I had sold my plot for Rs43 lakhs and deposited in capital gain account in bank.
Now I'm purchasing 15 years old flat for Rs 37 lakhs.
The remaining 6 lakhs can i use to modernize my new house like
New wardrobe
Change of floor titles
Change of rest room fixtures
Painting and other miscellaneous
So to avoid capital gain tax
Please advice
Regards
Narahari
6360363391
dear sir - An individual runs a hospital by employing 1 or 2 qualified doctors -himself is not a qualified person and he being the proprietor tries to file his returns adopting 44ADA ( gross receipts do not cross 50 lakhs ) - will it be OK ?
Is it not a condition that the assessee should be a qualified professional in order to claim 44ADA?
Gud day everyone,
i need to file income tax return of a deceased assessee and it is a TDS refund case, All bank account have been closed by legal heir after the death of the asseessee, now in ITR1, i am trying to add his wife (representative assessee) bank a/c for filing. but, its not getting validdated. Rather, it keep on showing VALIDATION IN PROGRESS , but not validating.
pls suggest a solution for this. tnx
while filing itr 1 for a y 2021-2022 tds credited at 26as is found correct but lesser amount of tds is reflected in dashboard menu on graph section. still while correcting manually tds figure in itr1 and submitting successfully, amount received by way of refund is lesser than claimed in itr1 i.e. while processing itr instead of tds reflected in 26as is not taken into consideration but tds as shown under tds graph is considered. pl advice.
vd kulkarni
solapur
sir
Last year my taxable income is more than 2.5 lakhs and I filed ITR.
During 20-21 my salary is cut due to covid and Iam with in the limit of taxable income.
I received interest amt below 500 form voluntary pf account.
Let's me know
1. shall I file the ITR this year.
2. which ITR Form
Please advise
As per budget 2020, Employer's contribution to PF / Superannuation exceeding Rs. 7,50,000/- is taxable perquisites in the hands of employee for A Y 2021-22. Whether such threshold limit of Rs 7.50 lacs is applicable to each employer if the e,mployee works under more than one employer? kindly clarify
DEAR SIR I BELIEVE THAT WHEN AN INDIVIDUAL RECEIVES GIFTS OR DONATIONS FROM PERSONS NOT RELATED TO HIM , THAT SUM SO RECEIVED IS TAXABLE U/S 56 (2) . NOW I WOULD LIKE TO CONFIRM THAT THERE IS NO BETTER OPTION TO AVOID TAX . PLS
Dear Sir,
One of my client has prepared a Gift deed and transferred their share in property.
There was a Sale agreement between 3 persons in which house property share was divided between father and his 2 sons.
Now the father and his first son gave their share of property to the second son by preparing the gift deed. All the taxes were paid by the second son as property is now in his name.
I need help regarding what entry should be passed for transfer of property as no monetary transaction took place and taxes were paid by the person to whom property is transferred.
Please help me in this matter.
Regards,
Divyesh Jain
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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