ONE OF MY CLIENTS SHOW GST TURNOVER AS Rs.63,79,861. BUT HIS BANK STATEMENTS SHOWS THE TRANSACTION VALUE OF 1,12,43,519. WHETHER I DISCLOSE THE GST TURNOVER AS SALES OR BANK TRANSACTION VALUE?
IF I DISCLOSE THE GST TURNOVER AS SALES, IS THERE ANY QUERY REGARDING THE BANK TRANSACTION VALUE?
PLEASE GUIDE..

Assessee has Short Term Capital Gain without indexation from Debt Oriented Fund
He also has Long Term Capital Loss on sale of shares
After filling details in ITR 2 it is setting off Short Term Capital Gain without indexation from Debt Oriented Fund against Long Term Capital Loss on sale of shares and balance loss is c/f to next year
My question is whether above loss adjustement is correct

Dear Sir

Whether interest on self occupied property can be claimed by both husband and wife in joint loan cases, can any one please share caselaws if any

Jayam

DEAR SIR,

ONE OF MY CLIENT HAVING GST NO FOR JEWELLERY SHOP. AND ALSO HE IS DOING GOLD APPRAISER WORK FOR BANKS. HIS TOTAL SALES IN GST NEARLY 20 LAKHS. HE IS CREDITED MORE THAN 6 LAKHS RS. FOR HIS SERVICES PROVIDING IN THE BANK AS GOLD APPRAISER. TDS DEDUCTED U/S 194JB. BEFORE THAT I AM FILING HIS INCOME TAX RETURNS U/S 44AB PRESUMPTIVE BASIS DECLARING MORE THAN 8% INCOME. NOW U/S 194 JB TDS DEDUCTED IN ANNUAL RECEIPTS FROM HIS APPRAISER SERVICES. NEARLY 6,38,766/-. HOW TO FILE HIS INCOME TAX RETURNS. BOTH DECLARING GST U/S 44AB AND PROFESSIONAL SERVICES U/S 44ADA. BECAUSE EXPENDITURE INCURRED FOR HIS PROFESSION HE IS DAILY TRAVELLING TO THE BANKS. BECAUSE IF DECLARED HIS PROFESSIONAL SERVICES INCOME AS A OTHER INCOME HE HAS LIABLE TO PAY INCOME TAXES HIS TOTAL TURNOVER FROM GST RETURNS NEARLY 2000000/- DECLARING 15% OF PROFIT U/S 44AB. CONSIDERING THE THIS SECTION AND INCOME FROM OTHER SOURCES. NEARLY MORE THAN 900000/- WILL COME. HE HAS PAY HUGE TAXES. NOW CAN I DECLARE APPRAISER INCOME U/S 44ADA 50% AND U/S 44AB 8%. THEN HE WILL GET REFUND AMOUNT.

CAN WE FILE INCOME TAX RETURNS IN THIS WAY PLEASE CLARIFY ME

NEED URGENCY

REGARDS THANKING YOU

RESPECTED EXPERTS

Error of exemption under sec10(5) is not permitting to file return at Verification stage (while uploading .JSON file)
It gives error " Kindly restrict exemption under section10(5) to LTA under salary as per section 17(1)
However if select "other " with comment as" cash vouchers in lieu of LTA" verification is done with no error.
should I file return.
Grievance already raised in IT Portal.

I filed ITR-2 today. The preview was all fine. But after filing when I downloaded the filed ITR, the Schedule Capital gain had almost all the pages missing. Section A,B,C, & D were missing. Just the last page in the Schedule with section E and F was there. I had a LTCG this year on sale of land against which I made an Investment in 54EC bonds thereby making the LTCG as NIL. Since those pages are missing so obviously all the Property, Sale and Investment details were also missing. Although it did not make any effect on my Taxable income and Refund due but the dept. can hold me responsible for hiding information. I revised my Return twice therafter but the same thing happened. What should I do? I had already written a mail to them but I have heard that no one is getting replies from the dept.

Dear Experts
Subscribtion fees received by the club is exempted on the pricniple of mutuality. Suppose the assocaition receives Rs 2 lakhs in total as subscribtion from all the members every year. And it has an accumulated deposit of Rs 5 lakhs. Can this 5 lakhs deposit be donated to a 12A registered trust.

Please guide

What is the tds rate for earth testing??

Dear Sir ,

we have booked sale of x amount in a year and also received pymts for the same . But the same is now in court as some dispute has arrived on the sale transaction . in a scenario we may have to return the sale proceeds also , if we loose the case . But the case proceedings may take years .

hence want to know , if we are liable for paying income tax on the Sale income or can we make provisioning of the same , citing case reference .

can we make some percentage provisioning ?

pl call back asap... advise .

thx

How much TDS has to be deducted on technical testing and analysis services ?