Hi,
A Housing loan is taken by Husband and wife jointly and both are co-owner in the property. In this case if wife wants to claim full interest and principal amount then is it possible. Wheather employer need to take any declaration from employees in this regard.
Please answer my problem.
Thanks & Regards
Rajesh Sharma

I have stationary shop and filed 13,40,000 profit and 4,00,000 Profit us 44AD.but i also i also received commission from insurance agency rs 55,000 AND show under special business(commission/agency without books of account).and entered only financial particular.anow department defect my return and advice to file balance sheet and p&l.
now i have balance sheet and PL of stationary shop.
can i club 55,000 to profit and loss account.?

We are in the business of erection of buildings, We often receive invoices in the month of April and May which are having dates of April and May but in the Description of Service they mention crane charges for the month of Jan, Feb and March. Till now we were making provision for it and deducting TDS. Now the party is telling that since they have issued bill in april and they have considered it as income of next financial year, we should deduct TDS in current Financial year. We are also claiming GST in April only when we receive the bills.
My question is if we book the expenses in April or May the month in which bill is issued. Will the department not qualify it as prior period expenditure, since in the narration it is written Feb and March Expenses.

44 ad Gota Firm Business profit =205460/- and share trading short term loss (-256) And intreday loss (-1565) total Turnover share Business 5 lac.
which itr file? & Audit report applicable ?

Assume,
I have done a transaction on share transaction short term & intraday where the turnover 558558& i made a short term loss (-2576) intraday loss(-15061)
In this case , tax audit applicable? So can this section 44 AD benefit?
Which itr files?

44 AD Business + Share lncome , short term loss & Intraday loss , Which Itr File ? Audit Applicable ? Y/N ? 44 ad Goat Firmaing Income Add Yes/ No ?

1.4.20 To 31.3.21
Goat Firmaing & Share Income Only
Goat Firmaing
44 AD Gross Receipt Income 250680/-
Expenses -126521/-
Net Income -124159/-

Short Term
Purchse 521145
Sales 518569
STCL -2576

Long Term
Purchse 0
Sales 0
LTCP/L 0

Intraday Income / Loss

Purchse 9389207
Sales 9374146
Speculation Loss (-15061)

Total

Total Turnover 558558
Total Purchase 9910352
Total Sales 9892715
Gross Share Loss (-17637)
Total Expenses 7908
Net Share Loss (-25545)

Question :-
Who Itr File ?
Tax Audit Applicable ? Y/N
Intraday Gross Profit ? Calculation?
Add 44 AD Business + share income ? Y/N ?

Rs.7.00 Lac was taken by me from one of my close relative vide Bank cheque during FY 2019-2020,which was shown by me as Advance received. and the payer showed it as Advance paid . Whether the said advance received may be shown by me as Gift received during FY 2021-22 as agreed by the payer ?

Dear sir/ Madam
can employee claim deduction u/s 80CCD(1b) in respect of nps deducted from salary by the emloyer ( employee contribution)

Please suggest:-
A person is rendering export of services in relation to software programming opted 44ADA and registered under GST also. Now, the person has been assigned a project to code for MAC (apple operating system) for which Apple laptop is purchased.
Query:- How to treat such purchase as the amount is to collected from the recipient of services. Whether such purchase of laptop will be professional income and can such asset be treated as Fixed Assets at the same time.
How to raise invoice in GST as to whether the amount of laptop be included along with regular monthly invoice of services rendered or no invoice shall be raised for laptop.

An Individual can avail benefits of both sub section 2(a) and 2(b) of section 80D simultaneously. In other words total deduction of Rs. 50,000/- can be availed under above both sub section