Dear Sir,

One of my client is having a land in his village and he gives this land on contract basis to others and earns bulk amount as income in 3 years time for using his land.

The income is deposited in my clients relative's bank account who stays in village and then the relative transfers money to my clients account.

My query is whether this income is taxable to my client as he is the owner of the land.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
My client is engaged in providing and supplying of grill , railing etc. He submit ITR 4 for his business ,salary and other sources of income. He received cash INR 10,00,000 from a sources and invested in KVP in Post Office during FY 2021 -22 time to time. This investment is shows in AIS of the IT site.
How to manage this Income in ITR? Is I include this income with business income and pay tax on 8% profit or more or declare this income as other sources? If I show this income as other sources then the taxpayer will bear a huge tax amount Experts, Please show me the right way Thanks

Sir,

what is the depreciation rate of laboratory machiners such as ultra sound,biochemistry analyser,hematology analyzer,aqua electrolyte analyzer etc.

Sir,
I filed ITR 2 for AY 2022-23 under old regime for income under salaries,other sources & capital gains aa a esident Individual.
I wish to file the revised return now under NEW REGIME for same AY as i have realised that the same is more beneficial.Is it allowed?The original return is still not processed & last date of filing is still away.

Dear Sir,

One of my client has come with his Form 16 where he has claimed Rs. 1 lac extra HRA in Form 16. Now he wants to declare actual HRA amount and file Income tax return.

My query is can I declare his correct HRA amount as if I do that the amount will not match with Form 16. Will his return get accepted by Income tax.

Please help me in this matter.

Regards,
Divyesh Jain

what is Password to open PDF for AIS ( Annual Information system) and TIS.( Taxpayer Information summary)

An Indian citizen who is been employed outside India and falls under category resident but not oridinarly resident had come to India during FY 2020-21 for a short visit but due to pandemic he couldn't leave India. During this time he worked from India (WFH) and received salary in foreign bank account and also pay taxes in foregin country for the same . Does the aforesaid income is taxed in India?

sale of rural agriculture land in previous year should report in ITR under exempt income ????
although it's not a capital assest

I want to know the tax implications in the following cases in case I am not maintaining book of accounts

A) If I receive a certain amount in my bank account from Mr A, and transfer the same amount to Mr B immediately, what are the tax implications? In case I am not maintaining book of accounts

B) If I make an online payment on behalf of Mr C, and Mr C pays me back for the same through bank transfer, will it have any tax impliations?

Hi,
I am a freelance producer. As a producer, I often have to receive services from other freelancers > package them along with my service and then bill my client for the total.
Example:
I am doing the casting for a video production for a client.
I hire actors who are both charging 50,000 each. Therefore, the total is 1,00,000.
I am charging my casting fee as 50,000.
I generate the bill with the following items:
1) Actor fees --- Quantity: 2 --- Cost: 50,000 --- Total amount: 1,00,000
2) Casting fee --- Quantity: 1 --- Cost: 50,000 --- Total amount: 50,000
Total invoice amount: 1,50,000

How much TDS does my client deduct while making my payment to clear this invoice?

Additional info:
- I am not gst registered, therefore will not charge any gst.
- The actors I am hiring are not gst registered, therefore they won't charge me any gst
- The actors will generate an invoice to me and will receive the payment from me (not from my client directly)
- I do not have a TAN and will not be deducting TDS while making the payment to the actors.