Hello ,

Someone belong to sec 44ADA Professional like chartered account and his income for F.Y. 2018-19 RS 24,00,000 . if he opted normal taxation and maintain books of account and filling return under ITR - 3 , So Whether Still he required to get audit of accounts ?

n the financial year 2017-2018 and the month of september2017 , I upload a invoice serial no is 1 to the gst portal but by mistake i tick the supply under reverse charge in the gstr1. the supply is made to the registered person. the 3B RETURN of this month is filed correctly. the amount of invoice is also very large, the tax on this invoice is 350000. the recepient take the credit also in gstr 3B , so what can i do ? both the party not filed there annual return till now.

I did some intraday equity trading, F&O intraday trading and F&O delivery trading. The intraday turnover is Rs.13860.40 and realised profit is Rs.9101.50.
The combined F&O turnover (scipwise calculation) is Rs. 186143.75 and combined realised profit is -34982.50 (LOSS).

Do I have to get tax audit under section 44ab since my profit is less than 6% of the turnover (since it is loss)?

Dear Sir,
One of my client has earned salary income for 2 months in USA. He has also paid tax on it.
My query is that -
Whether he is allowed to claim relief in respect of all the taxes paid in USA like Fedral Income Tax, Social Security tax, Medicare tax or only Fedral Income Tax?
Please clarify the same.

Thanking you,
Regards
Hayedar Shaikh

Dear Sir,

One of my client has earned salary income for 2 months in USA. He has also paid tax on it.

My query is that -

Whether he is allowed to claim relief in respect of all the taxes paid in USA like Fedral Income Tax, Social Security tax, Medicare tax or only Fedral Income Tax?

Please clarify the same.

Thanking you,

Regards

Hayedar Shaikh

Can a Housing Deed be entered with Retrospective Effect and can HRA be claimed on the same for the retrospective period ?

For Example :

The Tenant enters into a contract with the Land lord on Jan 2019 stating that the the lease has been executed from the period of April 1st 2018 for a period of 11 months, for a monthly rent of RS.9,000.

Can he claim HRA Deduction for the same from April 2018 or Jan 2019 ?

Sir/madam,
if any person running business of retail sale of milk packets, dairy products and Beverages from last 5 years and my question is whether GST applicable to that business in F.Y 2017-18 and F.Y 2018-19, because annual turnover of that business is near about 22 lakhs in F.Y 2018-19 and improving year by year....

Dear sirs : One of my clients has total receipts of Rs.35,00,000 and net profit is Rs.18,00,000 ( app ).. He has tax savings RS.1,50,000 and Medicalim Rs.25,000 . he has donated Rs.4,50,000 u/s 80 G to some charitable institution. Kindly let me know how much amount u/s 80 G can be deducted from his taxable income. Regards

Hello,
I have a client, the salaried employee who did not file ITR for FY2017-18 even up to the last date of late filling and according to his docs REFUND can be claimed. Is there any procedure to file the return and get a Refund.

I am a salaried taxpayer. Kindly let me know if following needs to be reported in schedule PTI in ITR2:
1. Short term or long term capital gains received on Debt mutual funds or FMPs? I have already added them in CG schedule to report gains.
2. Dividend received by foreign Stocks?