Is it professinal income or business income?what will be the limit for tax audit?,if income is more than 5000000/ can he file itr4 ?
What is to limit for tax audit?

SIR
We are having two GTA - One is A - It is a Private Ltd, Other One is B - It is a proprietorship. No one has own trucks.
B agreed with their parties to provide transport services and is doing. B has to receive the bills from its sub-contractors for availing the trucks.
But the sub-contractors have issued the bills to A (Co.)instead of issuing to B by mistake.
Again A (Co.) issued bills to B by the same value of invoice issued by the Sub-contractors.
At the time of payment, A (Co.) has deducted tds @ 1% on the payments made to the sub-contractors.
In this case, B has to deduct tds @2 % on the payments to be made to A(co.)?

guide me plz
Adv thanks

Respected Sir/Medam
we filed it return for AY 2018-19 which was invalidate and notice u/s 139(9) passed. Further we filed response for that notice. Income Tax dept consider the same and passed the final order u/s 139(9) again invalidating the return.
Now please guide how can I proceed further against this order since no appeal can be filed before CIT(A) against order u/s 139(9).

Dear Experts,
We received freight bill against different consignments for july month from our transporter. Total bill amount is 7800/-. but only two consignments are above 750/- ( 950+850 ). my query is that should we pay 5% gst under RCM of 7800/- or 1800/-. please suggest.

I am selling the GST TAXABLE ITEM @5%
But In my Invoice I m not showing it separately and the amount is inclusive of GST.
Should we need to separately show the Taxable amount as well as gst amount.
Or can I show a combine amount directly.
Because gst amount I am paying from my profit due to competition and it is part of my cost.

RESPECTED SIR
IF DEDUCTEE IS NOT LIABLE TO PAY TAX THEN IS IT NEED TO DEDUCTED TDS AND FILLED TDS RETURN FOR FY 19-20 FOR SALARIED PERSON ? ALREADY FILLED INCOME TAX RETURN FOR AY 20-21 AND THERE IS NO TAX LIABLIETY. PLEASE ADVICE. THANKS....

I sold a property in may 2019 and there is a long term capital gain accrued.i put the money in my saving bank account till now.i want to know about my last time limit to open an capital gain scheme account so that I can reinvest from it,and how much amount should be deposited there ? Is it only capital gain or entire sale proceed ? Pls clarify me .Thanks in advance..

Hi all,

One of the Client Private Limited company is doing Trading of Agricultural Products (i.e. Buying and selling with small margins) , now Is this activity liable to GST ? If yes at what rate ? if Not because of exempted or Nil rated services then Is the GST registration is required after crossing the Threshold Limit of Rs.20 lakhs ?

Please assume client doing wholly above activity only.

Hey,
I wish to file ITR of a cricketer playing state level cricket.
Under what source the same would be taxable?
TDS is being deducted u/s 194J.
Thanks

We have deducted TDS on commission of Rs. 30,000 but payment is made in Cash.
Whether is it allowable expenditure under Income Tax ?