For Sales through e-commerce, we are liable to pay commission....In our case, Commission is deducted from the Gross Receipt itself and only the balance amount is paid to us.... TDS at 1% on REVENUE is deducting by ecommerce operators

are we liable to pay TDS on COMMISSION to ecommerce operators . ....

How to show speculative Intraday Shares trading profit and Loss in ITR-3 of Account maintain case. Please specify particular column in ITR-3 as Account maintain case.

Whether the chit commission received from business of chits can be offered at 8% profit?

Dear Sir / Madam,

Mr X is doing F&O trading since last 3 years. In first 2 years, turnover was less, though there was a loss in each year, he preferred to report on presumptive basis i.e. profit @6% of turnover.

However, in previous FY 2020-21, he over-traded in F&O segment and turnover increased enormously, also incurred losses and 6% of it looks more. So he doesnt want to report u/s44AD.

So, as per IT act, he is shifting from Presumptive taxation reporting to normal reporting, tax audit would be applicable.

I wish to know:
1) What kind of precautions to be taken in this type of tax audit i.e. arising out of change of reporting??

2) So if the tax audit is done for FY 2020-21, then what would be the position for FY 2021-22? Does he require to do tax audit for FY 2021-22 also??

Kindly guide me.

Regards,
Suraj

Sir,
A person cash deposit in bank savings account mentioned below view as per 26as
1.cash deposit in bank rs:12 lacs
2.cash deposit in bank rs:11 lacs
Question:
Assess cash deposit amount transaction source without evidence treatment rs:23 lacs in it act

LLP is registered under Government of India-Ministry for commerce and industry-Department for Promotion of Industry and Internal Trade
Certificate states that Start up is working in 'Human Resources' Industry and 'Recruitment Jobs' sector as self-certified by them.

My question is whether income tax benefits u/s 80IAC and 56(2)(viib) will be available to the start up and whether to avail the benefits any form needs to be submitted to Assessing Officer ?

Dear Experts,

I had filed an ITR of my Client with claiming HRA deduction from Salary. Now my client have received a communication u/s 143(1)(a) regarding adjustment of HRA claimed. Deptt not giving credit of HRA because of Salary breakup not given in ITR. Now, I trying to revise the ITR but option is not available on new ITD portal. It has only the option that whether the Assessee is agreed for adjustment or not.

Pls suggest how to revise the ITR for AY 2020-21 and what to do with this proposal.

Thanks.

Dear Sir,

Is there any amount transfer limit if a person transfers money from his account to his wife's bank account and then do cash withdrawal from his wife's bank account of the same amount.

Please help me in this matter.

Regards,
Divyesh Jain

IS THERE INVESTMENT IN GOLD ALLOWED FOR PARTNERSHIP FIRM ? ?
GUIDE ME PLEASE..
THANK YOU.

ITR2 AY 2021-22 of the deceased person is being filed now by Legal heir.
TDS was deducted in the hands of a Deceased person during FY 2019-20 and carried forward in ITR for ITR2 for AY 2020-21.
Again TDS was deducted on advance received against agreement to sell of a residential property during FY 2020-21.
The Actual sale registration was done during FY 2020-21 by surviving members / legal heirs and TDS deducted in their hands on their respective share while receiving balance payment after the death.
Can some one guide and enlighten how to claim TDS deducted on advance payment received by Deceased person when there is no income under LTCG while filing ITR2 of deceased person by legal representative/heir for AY 2021-22.
LTCG on Residential property is shown separately by Legal heirs on their respective share in their individual ITR 2 AY 2021-22.