rajesh
This Query has 2 replies

This Query has 2 replies

Sir/Madam

I am the Franchise of Aditya Birla Money Ltd. for Shares, Securities etc., broking purpose.

I was received Brokerage from Aditya Birla Money Ltd. for broking of Shares, securities purpose.

1) In Invoice Aditya Birla Money Ltd. Clearly stated amount paid to me is "Brokerage" and GST SAC is 997152.

2) Aditya Birla Money Ltd. is deduct TDS @ 2% u/s 194J under " Fee for Technical Services"

my doubt is this income is consider under a) Business Income or b) Professional Income.

Please Reply.


SATYA NARAYAN
This Query has 1 replies

This Query has 1 replies

09 August 2021 at 15:31

EPF withdrawal before 5 years Taxable

How do I show Taxable EPF withdrawal before 5 years? If I show Employer's contribution Under head 'salaries' whom I should show as Employer? In ITR 3, the TDS deducted by EPFO is not linked to 'Income from Salaries'. I can link the TDS deducted only with 'Income from Other sources'. I am using ITR offline utility for filling ITR 3


DIVYESH JAIN
This Query has 1 replies

This Query has 1 replies

Dear Sir,

One of my client earns professional income and his tds gets deducted U/s. 194J. I have filed return for him U/s. 44AD for F. Y. 2019-20 showing profits more than 8%.

Is it ok if I file his return under 44ad for this financial year 2020-21 or should I change the section to 44ada and show 50% profit.

Please help me regarding this matter.

Regards,
Divyesh Jain


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

08 August 2021 at 22:36

Gift transactions taxable or exempted

Sir,
A female it assess cash gift to mother rs:10 lacs through on bank mode.if mother (Receiving rs:10 lacs money in some amount) cash gift to son rs:3 lacs through on bank mode.
Question:
Above two gift transactions taxable or exempted in it act.


S C Biswal
This Query has 3 replies

This Query has 3 replies

I am a retired person and I have been using ITR 1 as less income 50 Lakhs for filing my ITR.
Recently, I sold my Rural Village Agricultural Land at 60 Lakhs in FY 2020-21.
I wish to know – 1) which ITR form I should use? 2) Where to show in ITR Form as sales of Rural agricultural land not taxable as per Income Tax Rules.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
A and B two partners in partnership firm.if A partner retired from firm and B partner continue business proprietary firm.all assets and liabilities B received from firm book value based.
Question:
A partnership firm all assets and liabilities transferred to b partner capital gains tax applicable( firm pay)or not in it act.


Lalit Nyati
This Query has 8 replies

This Query has 8 replies

I want to clarity about exemption under 10 (10CC) of rent free accommodation vs deduction 80GG.
My employer give me rent free accommodation as perquisite & HRA.

How should I treat in ITR?


CA Ajit Shinde
This Query has 1 replies

This Query has 1 replies

Can we claim purchase of layer birds in poultry for producing eggs as Revenue Expenditure or Capital Expenditure?. (normally span of production is 210 days, after that birds will be sold)

In case we purchased birds in the middle of the year then we need to claim expenditure on the basis of life of livestock?


HIMESH
This Query has 1 replies

This Query has 1 replies

07 August 2021 at 19:26

Error in filing ITR-2

I am facing blow error and suggestion while filing the ITR-2, Even after clicking on error could not understand it. May I request you to kindly extend your help.

Error Description
Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA

Suggestion
Please verify and enter valid income in schedule


Vipul Goel
This Query has 3 replies

This Query has 3 replies

MY CLIENT AN EDUCATIONAL INSTITUTION WANT TO REMIT TO UK FOR ANNUAL MEMBERSHIP FEES OF GBP 1277.
WHETHER TDS WILL BE DEDUCTED U/S 195.
IF YES AT WHAT RATE
IF TAXABLE UNDER DTAA - AT WHAT RATE AND UNDER WHICH ARTICLE






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