Dear please guide me to understand the meaning of turnover.

Our client is a goods transport agent business.

The client acts as an agent but he receives the amount from the company and from that he pays the truck owner and keeps his commission in his hands(Bank).

(Eg. My client received Rs. 10000/- from X Ltd and out of it he pays Rs. 9000/- to Mr. A (Truck Owner) and keeps Rs. 1000/- as commission.) also note that he has not issued any bill to X Ltd.

My question is what amount should be considered as turover while calculating its turnover?

Rs. 10000/-
Or
Rs. 1000/-

Am planning sell my flat which is purchased in 2003. Whatever the LTCG , can I invest this amount as joint owner with my wife in new house property?. Cost of the new property is 2 times of my LTCG.

I was on student visa since dec 2021 working abroad and getting salary around 20lakh since then and did not come to india for any visit . Please tell my residential status and also if i am liable to tax if i have not visited to india in 2022-23 fy .

Suppose I have salary, short/long term capital gains and intra day profits as income and the intra day profits are over 8 percent of my Intraday TurnOver (which is less than 2 crores). Since Intraday profits are part of speculative business, I need to file ITR 3. So ,
1.Am I eligible for Section 44AD?
2. If I am eligible then I dont need to keep books and no need to be audited. Am I right?
3. Suppose in the next year, I dont engage in intraday trading, so now my income is only from salary and short/long term capital gains and hence my business income is zero.Now should I file ITR 3 again since I applied for Section 44AD in the previous year? Or can I file ITR 2 since I have no business income?

error in validating
Business code u/s 44AD is to be selected for income declared u/s 44AD.
please help

Respected Sir

We had paid TDS as on 13-09-22 for the financial year 21-22 which is still on Traces Portal as excess credit refund of which is to be claimed. Please let me know what is the procedure for claiming refund of the said amount.
PLEASE GUIDE ME AND OBLIGE.

Hello,

Whether HUF's Income without any child in HUF Family is clubbed in the hands of Karta?

Hi,

I have been filing ITR 4 since last 4-5 years as getting income under 194J/194JB.
In this year, my 26AS is having entries under 194JB and a minor (Rs.840 income) entry under 194D.

Can I still use ITR4 as I feel that is most related and I am comfortable with ?
If yes, where should I show this 194D income ?

Thanks for reading and replying.
Amit

Sir,

As per the last budget, standard deduction was allowed to the assessee who has opted for new regime as well. I want to know, in order to claim the standard deduction of Rs. 50000, whether there was any condition as to the gross total income?. Can it be availed by all assess who was opted under the new regime?

How to obtain NOC From Income tax officer to furnish bank manager to withdraw the amount in capital gain amount