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One of my client, a partnership firm, having a annual turnover of 45.00 lac. Whether he can declare his income u/s.44AD ? If yes, whether salary and interest to partners may be deducted from the income ?
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Dear Sir,
Last A.Y. 2025-26 maine tax audit karaya tha turnover 1 crore 70 lakh tha jab net income 7 lakh tak tax liability exempt thi aur NP ration 4.05 tha. Lekin is current A.Y. 2026-27 mein turnover 1 crore 56 lakh hai aur aur income 12 lakh tak tax liability nil hai....
Mera question yeh hai ki last year audit karaya tha itr3 file hui to kya is baar 44ad mein itr file kar sakte hain kya NP ratio 6.65 ke sath.?
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i have salary income and filled income tax return ay 25-26 with old regime. i have business income ay 2026-27 and want to file return with new regime. is it necesary to file Form 10-IEA? and if i files 10IEA what effect comes?
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How many days for credit in bank of refund after 143(1) intimation
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In income tax
Will there be any impact
With respect to deductions in all 5 income of heads
While we choose old or new regime.....
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Is rebate u/s 87A avaliable for Short Term Capital Gain on sale of Property on. Total Income 856511 including Short term capital gain of 165480 on Sale of Property. Excel Utility of ITR 3 for Fy 2025-26 is allowing rebate. But is it theoratically correct
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ITR 1 fully reconciled filed on 23 june with a refund of rs 27030 taxable income rs ten lacs. Greivance submitted gives standard reply stating that they have time till December 2027
Any clues???.
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Sir, One of my clients, have given a plot for development on 12-10-2021 and he got two flats allotted to him against the plot given for development. The 2 flats alloted to him got occupancy certificate from municipality on 30-9-2024. He had forgotten to tell the information while filing his ITR for 2024-25 FY. In 2025-26 FY he has sold one flat and one is kept for him self. As on the date of getting occupancy certificate he has one house only. Can he claim the exemption under section 54F on one flat and offer LTCG on the sold flat in ITR for 2025-26 FY or He has to revise his ITR already filed 2024-25 FY , by claiming exemption on one flat kept for him under Sec.54F and pay tax on LTCG on sold flat . Please kindly give your expert advice to the above questions.
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We are tie up to one hospital for services of medical
Facility, such as operation, consultation, Lab test, etc.
Such service we give to poor people.
Can this service we are applicable for deducting tds.
If yes which sec. And rate
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what is the treatment of commodity trading in itr form for AY 2026-27?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Partnership firm under Section 44AD