Can I upload the ITR 4 if my income is below Rs.2 crs..?

When 44ADA was not in existence whether professionals were not allowed to opt presumptive taxation?

What if a professional doesn't fall under specified professionals as per 44ADA/44AA, is he eligible to opt for presumptive taxation?

Mainly my concern is with proprietorship commercial coaching service provider, is he eligible for this scheme? This doubt is raised due to expression of word "business" under 44AD which confuses me that earlier when 44ADA was not in existence professional were not allowed to opt this presumptive scheme!

Please answer and correct me if I am wrong!

Thanks

Suppose Nephew a salaried person (outsourced on contract not permanent)= total taxable salary= 1.5 lakh in F.Y.2016-17 and nephew get a gift from Uncle (Father Brother) deposited in Bank in F.Y. 2016-17 by cheque and cash of Rs. 1.10 lakh and further Nephew get interest by saving and Fd from gifted amount .

Want to Fill ITR of F.Y. 2016-17.

1. which ITR used = ITR 1 or ITR 2.

2. how to show gift of Rs.1.10 lakh (from Father Brother) in which section of ITR1 or ITR2.(Note= Some C.A. says Nephew have to fill ITR-1 because Nephew is a salaried class because as per my search on internet if your exempt income more than Rs.5000 (Rs.1.10 lakh from gift is a exempt income or not) you have to fill ITR 2.Please clarify the situation. Nephew is on contract bases no form 16 issued to employee only outsourced employer give cheque which is deposited in bank and salary slip is also not given.

Regards,

Munish Narang

Whether TDS is to be deducted by an employer on Leave Encasement at the time of employee is resigning

sir, 90% of names of peoples in Kerala ending with an intials . that may be first letter of father name or family name etc.. this is in every one name on aadhar and other documents except pancard but now the problem is while linking with pan card the data mismatch showing because the pandatabase always show first name also the expansion of initials . in my on case the aadhar is correct my name incldes initials but pan database i

Is it mandatory to provide 12% interest on the capital of partners of a firm.??? in case the firm is newly opened and partners(2) have introduced 1 lakh each and both withdraw 1,50,000 during the year .In such case what will be the treatment of interest of capital??

Deduction under 24(b) for interest on repair of property is upto ₹30000. But if the interest is not paid for 2-3 years will it add upto the amount of deduction in current assessment year

If the landlord incur some expenses for providing basic amenities ( Gardner facility , lightning and lift maintance ) to tenant . does it will have some affect on house property income ?

Respected Experts,
An employee got the following amount after resigned :-
1) Salary : 20250/-
2) Gratuity : 101250/- (for 6 years)
3) Leave encashment : 18680 (Balance EL)
4) PF share of Employer during the f.y. : 18900/-

Should amount of Sr. no. 2, 3 & 4 added in salary component while filling ITR for a.y. 2018-19? How & where I show the above received amount? If these figures are exempt either I show in ITR or not.

Please Experts, its my humble request, I am very confused, Pleaseeeeeeeeeeeee help me.

Rakesh Sharma

I HAVE TUTION INCOME OF 1.5 LAKH AND CAPITAL GAIN INCOME FROM SHARES
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE