Dear Sir
I purchased Medium term bond funds in Dec 2020 and sold them in Feb 2021 and in the process I incurred capital loss. Can we set off these losses under the head " Income from other sources" when filing Income Tax Return for AY 2021-22 ?

I have one residential flat booked in year 2010 and possession received in Dec 2015 @ 30L. At present I have to pay arrears of maintenance fee for two and half years and transfer cost for sale of flat, say 3L. Purchaser has agreed to pay 40L (includes maintenance fee + transfer cost include sale price). Now what will be my selling price of flat (a) 37L [40-3] or (b) 40L. Please advice. capital gain will be calculated out of 40L or 37L.
Thanking you in advance

I have completed 2 years 2 months 12 days of my article training, later i was terminated as i was unable to continue due to a medical condition. Now, i would like to continue with the course but to be eligible to take the Intermediate exam i have to submit a declaration form, and according to the form i either have be a student who is currently undergoing article training or i have already completed it. To go back to my principle to get the declaration form, we did not end on good terms. Institute says i have to re-register and complete the remaining article training period. Please guide me on this.

One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.

Sir
If a contractor is engaged in Construction work and taken a contract of Government Institute for construction of a Building (Material + Manpower) and raise a bill. at what rate of TDS need to be deducted from bill by Government Institute.
condition; Bill printed in name of contractor ( ABC Contractor)
point of doubt is whether contractor's bill is considered as "Individual" or "Others"

In a assessment order passed by ITO ito mentioned penalty for misreporting of income in place of under reporting of income.
Then what to do..
ITO Disallowed cash expenses u/s 40(a) and treat as misreporting of income.
Penalty for under reporting of income is 50% and for misreporting is 200%. and there is no immunity available for misreporting penalty..
Then what to do if ITO levied wrong penalty in assessment order..

Dear All,
I am a director of a newly incorporated company.

I have small query regarding form AOC 5 to keep all or any of the books of account in any other place in India other than the registered office.

Does this other place required to be under the name of the company ?
I mean does it require to make a rent agreement under company's name for the other place to keep the documents?

Or as a director, I can keep them at my home which is rented in my own name ? I anyway have a small office here that I use only for work related to company.

Sir,we are service exporter.From 1-04-2020 to 31-12-2020 every month we made export service for that we issue invoice for each month without GST (before GST registration). we have only export turnover in before said period.but in jan 2021 we made local supplies for that issue a invoice.because of local supplier we got GST registration in feb 2021.now we revised invoices issued 30days before registration date and mentioned all these details in Feb 2021 GSTR-1 Details.now the issue is what about Export Invoices made before GST Registration.
1.is there Necessary treatment we need to do?
2.what can i do for that exports.
please suggest

- Ancestral Agricultural land has been sold in India by a person of Indian origin who is currently a Canadian Citizen.
- Money has not been repatriated.
- Are there any taxes to be paid by the seller on sale of agri land ?

HELLO
SKIN & HAIR SPECILIST DOCTOR IS PROVIDING CONSULTANCY SERVICES & ALSO SELLING MEDICINE
CAN HE FILE ITR SHOWING 8% PROFIT ON SELL OF MEDICINE & 50% PROFIT ON SALES OF CONSULTANCY SERVICES IN RELATION TO HAIR & SKIN AS PER SECTION 44AD & 44ADA
PLEASE ADVICE