Dear all,

For a Individual business that falls under codes 14001 and 14002 related to software development and software consultancy, having turnover of Rs. 40 lakhs and net profit of around Rs. 11 lakhs,

Can we go ahead with 44ab with actual margin of around 27% and there are genuine books of accounts supporting it.

Or is it must to file under 44ada ?

This query is for Ay 19-20. Kindly advice

Kindly advise bad debts journal entry and its under which head

Give me in examples to understand

What are the provision entry for Salaray ,EPF ,TDS

What are the payment entry also

Kindly advise

Give me some examples

The depreciated value of the Factory building is Rs. 20,000/- but now the value of the same factory building would be about Rs. 20,00,000/-
What is the implication if the factory building is appreciated to Rs 20,00,000/- and dep is calculated the new value?

Sir,
A person directly transfer all his retirement money to his wife account ,whereas his wife is housewife with no income, get a notice from IT to file return.

So whether she required to filed the return ,as the money belong to his husband retirement money.
Please suggest.

ITR 4 HAS LAUNCHED . BUT TDS IS NOT REFLECTED AUTOMATICALLY ON ITR 4 AND ALSO NOT SHOWING THE YEAR 2019 FOR MANUALLY PUT TDS DETAILS. HOW TO CLAIM TDS FOR ITR 4 ON 2020-2021?

Dear Sir,
Is Marginal Relief on surcharge available to AOP/BOI in AY 2021-22.
Regards.
K M Goyal
M NO. 9899799000

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TAR for the assessment year sign in august`19 on that date GST is yet payable. The auditor disallow it u/s 43B. The assessee deposit the GST before the due date of filling of the return and not disallow the amount in ITR. Now the demand raised by the department after add the GST in income.

Bill booking date 05.04.2020. Payment to vendor 08.04.2020. TDS amount Rs 6250/-.
I shall pay the TDS for the month of April 2020 on dt 06.06.2020.

Please inform me the Interest amount.

assess ( section 44 ad or section 44 ab i.t. return filing person ) purchases of goods credit based value rs.39500/-dt.20-05-2020.
Payments detailes:
Rt.no.20 dt:26-05-2020 rs.10000/-
Rt.no.21 dt:26-05-2020 rs.10000/-
Rt.no.29 dt: 29-05-2020 rs.10000/-
Dt.no.30 dt: 29-05-2020 rs.9500/-
Above transtration
two sections i.t. returns filed person
Payments allowed as per i.t.act.