An assessee is a retail trader in automobiles he has earned a commission income in addition to normal income during the course of business. His turnover was 40 lakhs and the commission income was 2 lakhs. Now can we declare turnover of 42 lakhs under 44AD and declare 8 % profit on it or is there any other treatment.

my client is partnership firm of liquor business. As per terms of excise only individual is eligible for tender. but some time some people form partnership firm and decide that if any partner gets tender of liquor that will be treated tender of partnership firm .due to this clause all receipt and expenditure of liquor shop has been booked in partnership firm.But TDS is being deducted in individual capacity not in firn PAN.but return is filed in the name of partnership firm and credit of individua tds has been claimed in firm PAN .A.O. has denied to give credit of tds what should be done further!pl advice.

Dear All,
My question relates to benefit of children education allowance when we need to allow children education allowance benefit is it necessary that children's needs to be in school or if no children is going to school, can allowance benefit extended in that case. If someone has two children's but only one is going to school, will it be possible to allow him full Rs. 200 benefit or Rs. 100 only.

WHAT IS DOFFERENCE BETWWEN LUNCH EXPNSES AND MEAL(50 PER MEAL) PROVIDED BY EMPLOYER

My son is working in Bangalore. His assessing officer is in Kolkata. Refund for AY 2013-14 not received and ITR4 for AY 2013-14 also still not processed. I desire to change AO of my son from Kolkata to Bangalore. Please explain detailed procedure to change AO without going to Kolkata

i have sent correction filing for 26Q Q2 today with c3 and c9 corrections
c3-update of existing
c9- new challan
while uploading at karvy both options got selected. but we got ackonlwdgement for c9 correction. is it correct or am i need to go again correction filling.

guide me

Hi..... I have to prepare an appeal before CIT(a) against an order u/s 143(3). I have few questions regarding this matter... 1. Is any court fees required to be paid on Form 35 or on the copy of assessment order?? 2. is the assessment order copy required to be certified?? if yes... by whom?? 3. which Assessment year to be filled in challan while depositing appeal fees?? Kindly answer.... Thanks..

If House sold at Rs.2500000 But Don't know cost of Construction of house Property Than Architect Valuation Report Valid For Know Cost Of Construction Value ?
1. If Yes Than Valuation Report Obtain From Architect Before Sale Of House Property ?

2. Let HP Construct In 1996-97 And Sold In 2013-14. In This Case 2001 Valuation Report Valid For to know cost of construction. ?

Pls Rply Asap Tha'x for advice..

I have sold my residential property after period of approx. 6 years in month of dec 2013, what is total time period for reinvestment and if i unable to buy another property before march 2014, shall i need to separate this fund from my regular bank account and give intimation to income tax department separately from ITR

Respected Sir,

I have query pertaining to applicability of provision of section 194IA wherein advance consideration for the property amounting Rs. 74 lakhs out of total Rs. 110 lakhs has been paid before June 01, 2013. I want to know whether provisions of section 194IA will be applicable to the same. Further will also request you to please confirm whether answer of the above mentioned question will change in case of more than 1 trasferors/transferee.

Kindly revert on the same at highest priority.