Dear experts,
Kindly let me know that which ITR is relevant for me to file my return ITR-1 or ITR-2?
I have income from capital gain from listed shares ? And gross total income is less than exemption limit.
Thanks in advance

If the net profit of an individual as at 31st March 2021 arrives as at Rs 9 LACS and advance tax has not been paid for any quarter. Now how much SA tax shall have to be paid as on 30-06-.2021.

Taxable Income Rs 9 LACS
Ay 2021-22
NO ADVANCE TAX PAID
HOW MUCH SA TAX SHOULD BE PAID ON 30-06-2021

Sir,
A gst exempted goods trading business person sales of annual turnover rs:1.25 crores .but advanceses from traders amount rs:50 lacs during f.y.20-21 for trading purposes received.
Question:
1.Trader rs:50 lacs amount advances from trader balance show in books allowed in it act.
2.any problems future.

I am an authorized representative of a foreign company in India. However, I am not an employee of the company and am not on the payroll. I earn a fixed remuneration and some commission on the sale that is made in India through me. Can I opt for presumptive taxation under section 44ADA. Please suggest.

A raised investment from various sources for his business through cheques Rs 40 lakhs and agreed to pay interest 50% i.e 1960000 as interest. Is this interest allowable a deduction expenses under incometax or is there any limit to claim interest paid amount for proprietor ship. explain

Sir,
It assess monthly EMI payment through on assess bank account.if houseing loan taken and house purchase registered both for wife name.
Question:
EMI payment amount (principal and interest) claim wife or husband itr show in it act.

I recently analyzed section 43B of the Income Tax Act regarding allowing certain expenses on a payment basis. Point B of the same section is regarding the contribution by an employer to the welfare fund of employees. While it is clearly stated that the employer's contribution to PF would be allowed as a deduction only if it is paid on or before the due date of filing of IT returns by the employer, there is some confusion regarding the deducted part of the employee's salary. Section 36(1)(va) states that an employee's contribution to PF would be allowed as a deduction to the employer only if it is deposited before the due date of the relevant Act. Different high courts have different judgments on the same.

Can anyone clarify whether an employee's contribution to the PF would be allowed to the employer as per the provision of section 43B or section 36(1)(va)?

Mr. A opened a demat account in a bank and make share transaction through it. Some of the share transaction are intraday with out any delivery while others are transaction having with delivery. That the share transaction are carried on all through the year. That during the year such transaction have crossed the turnover limit u/s 44AB. I want to that under what head will the Income be taxed for transaction with delivery? Will it be capital gain or business/ Professsion? If it will be Business/ Profession how will the turnover be calculated. Please Guide.
What will be the case for Intraday Transaction?

Whether an individual who is not the owner of the place selling his tenancy rights to the landlord (new) as he is been occupying the place since 1981 ie almost 40 years is now selling / surrendering his rights to the landlord for a consideration.

Note - new landlord has acquired all the other flats of the same building from the original landlord & other tenants.

Query
1. Whether consideration received will be treated under income from Capital Gain or other sources

2. IF under Capital Gain, whether indexation will be eligible & benefits of Sec 54 can be claimed, as there is no purchase agreement in our favour, only electricity bills are been paid by the assessee towards the flat.

Respected Sir,

IT Refund has not been received as yet for the Ay 200-21 ( Year ending March 20 ) . Please guide me what to do in such case on new portal of income tax site. I have to complain on this issue on new portal but I dont know how to operate new portal of income tax.