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Please provide me average cost of high quality diamonds in 2001
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SCENARIO 1 : If a partnership firm turnover 70 lakh and profit before partner remuneration is 5 lakh also 5 lakh paid to partner as remuneration tax audit applicable?
SCENARION 2 : If a partnership firm turnover 70 lakh and profit before partner remuneration is 5 lakh also 4 lakh paid to partner as remuneration tax audit applicable?
INFORMATION : FIRM IS NOT OPTING (44AD) AND MAINATAIN REGULAR BOOKS OF ACCOUNTS
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Assessee sold flat for 1 cr which was jointly held with wife. Consideration was received Rs.50L each in both accounts. However the purchaser has shown tds payment of Rs.1L in Husband PAN and is reflected in his Form 26AS.
AIS of both shows sale of immoveable property at Rs.1 Cr each instead of Rs.50L each
My question is how to show capital gains in their individual return of income so that TDS is claimed in full and also there is no query from Income Tax Department
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House property held by mother and daughter jointly has been rented. Daughter pays the Emi and the rental income is credited in mother's account. Can the mother show the rent income fully in her ITR or it has to be divided as per their share. Please guide
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Sir I've filed revised ITR 4 on 02/07/26.I've showed all sb interest,FD int,MIS interest,ITD refund int in IFOS.But in AIS/TIS, post office Sb interest(22427/-) and post office MIS interest(27750/-) not reflecting at all till today.So my reported income in IFOS in ITR is more than amount showing AIS/TIS.Will this cause problem for ITR to be Processed and to get refund?🙏🙏🙏🙏🙏🙏🙏🙏
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Can A partnership Firm having turnover of 2.5 cr and cash receipts and payments below 5% declare income under section 44AD ?
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Dear sir,
when A person take LIC Jivan Kishor policy of 250000/- and premium 6395/- at his age 1 year in 1993 and will mature in year 2027, now a person is recently NRI and no any other income in India. At time of maturity around Rs.750000/- of this policy will transfer to NRO a/c in 2027 by LIC, So tell me can this amount came under TDS or Income Tax? , LIC or Bank can deduct TDS of mature amount at time of maturity ?
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A Business Journalist is providing editorial service to his client by editing business news and articles of interest to client's business. He is computing business income under section 44AD since editing is not part of any specified profession under 144AA. Client is deducting TDS under 194JB. His past ITR have been processed by CPC under 143(1). Can AO take a view that he should have computed income under 44ADA and issue notice under 143(2) for AY 2026-27, which return has not been processed yet, and notice under 147 for past 3 years?
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Sir/Mam,
Last year , Individual senior citizen person income , one consultant incomes U/s.194JA & JB shown in income from other sources and ITR1 Filed and same process.
Now I am having doubts the above incomes where to show and Which ITR form is correct
Thanking you,
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Please let me know how to download justification report for FY 2026-27 and password to open the same
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Average Cost Of High Quality Diamonds