Respected sir
Our client is Practising Doctor and income is near to 30 lakhs

If he don't go for u/s 44ADA and file itr 3

And show less than 50 % profit

Is there audit required ??

Whether Total cash balance for Presumptive income should include both cash in hand & bank balance or only cash in hand?

If I file income tax return of 15-16 with tax payable in current date I liable to pay penalty of Rs 5000.

Suppose for AY1-18 i (individual) hve suffered a speculation loss from transaction in Futures n options. if i want ti claim loss then will tax audit be applicable?

Dear sir, I have a doubt that if an individual has annual income of Rs. 266320 and has Yes with Rs. 8114 and one of tax Consultant has filed a return ITR4S on 26.07.17 with refund of Rs. 8110.

I have asked a question to the Consultant as per It slabs Rs.266320 is taxable on 16320 with 10% I.e., 1632 will have to pay tax. But he stating that less than 5lacs slab is 270000 for fy 15-16 and fy 16-17 is 300000 is it correct or wrong plz, revert as soon as possible plz.

Respected sir
My client is Doctor and he Received Professional income from Hospital and TDS Deducted u/s 194J
As per 44ADA assessee can claim Benifit if Shows 50% of gross receipts and does not required audit and Maintained Books of Accounts

Now My Question is if I don't go for Presumptive u/s 44ADA and I show income less than 50% of gross receipt , Can I do that , is there any condition or any critirea for this..

He Received gross amount I.e 6,50,000 and TDS Deducted 65,000 rs.

Which Scheme is Better for him for Claim Maximum amount of TDS

Kindly answer

Thanking you

A person sold a flat in Dec-2015 and kept the proceeds in saving bank account instead of capital gain scheme account and later purchased a new flat in july 2017( within two years of sale ) for which he utilised all the amount which he kept in saving account , so is he eligible to take benifit of sec.54??

Dear Sir / Madam,
I have a query related to filling of ITR for A.Y-2017-2018 of an individual. I want to know that an individual having salary income and he also provide consultancy services and received fees after deduction of TDS form party. He has some other income related to FD interest and saving account interest as his total income.

Which ITR he should file for A.Y 2017-18 please let me know.
In A.Y-2016-2017 he has filled ITR-4 , if he now file other ITR instead of ITR-4 thus it will create any problem for him

Please let me know
Thanks & Regards
Goutam Basak

Sir,
An assess he is a salaried person, purchased 54EC bond on 31.03.2014 worth Rs. 250,000 and its matured on 31.03.2017 worth Rs 295,000.00 . I want to know the amount (295,000.00-250,000.00)= 45,000.00 i.e interest amount taxable or not? and which ITR have to file ? please help me about this matter.

A pan holder not file his ITR before 31st July 2017 after due date panalty.....