What is the maximum exemption for Gratuity receipt in the case of employees covered under payment of Gratuity Act,1972.
Kindly advice me on the following...
1. Salary income is Rs. 3,00,000 for FY 18-19
2. Intra day net result is Rs. 15,000(loss) but total turnover is Rs. 9,00,000/- (total turnover here refers to sell value and not sum of profit & loss in absolute terms)
My query is can i file Itr 4 on presumptive basis in this case by taking 8% of Rs. 9,00,000/- i.e, 72000 as income from speculation business and Rs. 300,000 salary income...
Kindly suggest whether to use itr 4 or not...Or should i use ITR 3 as I'm ready to show more than 8% of share trading turnover.
Dear Sir,
A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now my inquiry is that In Which Group we make the ledger farmers under Sundry Debtors, Commission Under direct income and seller ? Please advise
If ground and 1st floor is rented out and GST is charged on rent then in GSTR1 what to be mentioned in quantity 1 or 2?
As one property is rented out but ground floor and 1st floor are rented out to different tenants and so different bill is raised.
IS THERE WILL BE ANY LIABILITY TO DEDUCT TAX FOR PAYMENT MADE ON ACCOUNT OF FREIGHT TO SHIPPING COMPANY BY A INDIAN LOGISTICS ,
INDIA LOGISTICS IMPORT GOODS ON BEHALF OF INDIAN CUSTOMER BUT BILL OF IMPORT IS MADE IN THE NAME OF INDIAN CUSTOMER , INDIAN LOGISTICS CHARGE FREIGHT FROM INDIAN CUSTOMER THEN SHIPPING COMPANY MADE ITS BILL IN THE NAME OF INDIAN LOGISTICS
INDIAN LOGISTIC MADE PAYMENT OF FREIGHT TO SHIPPING COMPANY WHICH IS NON RESIDENT IS INDIAN LOGISTICS COMPANY REQUIRE TO DEDUCT TAX ON SUCH PAYMENT
I have completed 3 months of articleship and took termination due to transfer of my parent. While submitting Form 109 in self service portal, I have wrongly submitted Form 119 as well. Now I am unable to rectify the same and rejoining forms are unavailable.
What can I do to delete or invalidate form 119 and proceed with my rejoining process?
Dear Sir,
I am filing a return of a Salaried person who has Form 16. He wants to take HRA exemption U/s 10 which his employer has calculated wrongly in his Form 16.
Can I take the correct HRA exemption or first the Form 16 should be revised by his employer and then I must file his return.
Regards,
Divyesh Jain
Please give the Suggestion for either GST Applicable or Not. If Applicable How much Rate of GST
1. Car is Other Persons Delivered to My Show Room. But Car is not Registered In the Name of Show Room. But We are taking Undertaking form only. on this form we will give the Amount to Car Owner.
When car sell that loan will comes to Show room Persons on behalf of Purchaser. when full amount received from Banks and Purchaser. we call to Car Owner to come and Registered in this name of Purchased. This type of Sale and Purchase.is there any GST on this type of Transaction. if its How much Tax Rate
Some time we are all bye and sell is there any GST on this Transaction if its how much GST Rate
Please clarify this
Thanking You
Sir I have this query
Client has LTCG from
Sale of land and Building
But client invested u/s 54EC only against Capital gains of land.
I suggested that instead of showing that investment against land show it against building as otherwise building will be considered as STCG as depreciation is applied. Now having problem in putting this data in software. As how to show bifurcation and whether balance capital gain on building after 54EC exemption will be STCG OR LTCG
Hello
How is the taxable income calculated for a sole proprietorship hotel business ( property owned by the proprietor)is it come under business income or house property income
Hotel means Lodge rental income on daily basis.
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Exemption in case of gratuity