Dear Sir,

I have received Rs. 2,40,000/- for 2 months from employer thereafter I retired. Now, my question is that whether can I claim standard deduction of Rs.40000/- or Rs. 6666/- only for 2 months proporationatly.

For Eg:-
For FY 18-19
Mr X is Sole proprietor for Firm A (Having Trading Business) & Firm B ( Service Business), turnover for
Firm A :- 83,00,000 (Old Firm Already Having TAN No.)
Firm B :- 79,00,000 (New Firm)
Is already allotted TAN No. Can be used for TDS Deduction under both firms from current year FY 19-20?Is TDS deduction liability applicable under both firms.

Dear Sir

A person engaged in business of selling of agricultural product on commission basis, i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now as per current notification, no expenses shall be paid in cash in excess of rs.10000. does this transaction of payment for purchase includes in that payment, can he pay rs. 100000 in cash to those farmers ?

A person an Indian Resident worked in UK for 4 months for the A.Y.2019-2020(F.Y.2018-2019) earned $(Pound) 33,000/- and deducted tax thereon $(Pound)6,700/-. Please advise what shall the treatment of above income of UK income while filing Return of Income in India for the A.Y.2019-2020(F.Y.2018-2019).

Dear all,

We have filed Audit report 704 for the year 2014-15. In this we have filed annexure j2 in which we have entered wrong VAt tin No of one of our supplier. In this regards we have to correct vat tin no. of the same supplier . for this we have to file revised annexure j2. Please guide me how to file revised j2 annexure

Sir

in GSTR-3B (Outward txbl. supplies(other than ) We have show the tax under CGST instead of IGST. But in GSTR-1 We have show the tax Under IGST. now please help how to rectify the GSTR-3B Figure.

Dear Sir
ITR-1 FY 2017-18 Filed on dtd 25.08.2018 but missed to E-Verify
what should i do today(19.07.2019) i open my login id for filling FY 2018-19 ITR-1

Pls ans my query

thanks
sunil sharma

My Friend is teacher earning Salary as well as income from coaching class. Tds on salary as well as profession is deducted, earlier return u/s 44ADA is filled. This year on IT website Code is fall in 44AD, now my question is whether income will be considered 8 % on turnover or considered at 50%

Dear sir/madam,
We have trying to file TDS Return 24Q for the first quarter ending for the financial year 2019-20.
In our company around 1000 employees are there, and we are calculating income tax for all employees on estimation basis.Here around 300 employees are liable to tax and we are deducting the TDS equally for 12 months and paid monthly to the government..out of 1000 employees remaining 700 employees are with in the basic exemption limit. so no need to deduct tds.
Here my doubt is while filling 24Q return whether we are required to give all 1000 employees data to the government or it is required to give only tds deducted employees (i.e 300 ) data to the department.
(please give a reply if there is any tax provision relating to this issue).

Thanks in advance
Regards,
Bheema Reddy.

Sir / Madam

The assessee is an employee / retired employee. He did trading in futures and incurred loss. The turnover for the purpose of calculating profit / loss is around Rs. 50K only. Whether should we pay tax as per Section 44AD of the Act or omit the Loss.

In another situation if the assessee earns a profit of Rs. 40K (3% of the Turnover), should we pay tax on the profit of Rs. 40K or should we pay tax on income calculated u/s. 44AD of the Act.

Thanks in Advance.