Dear sir/madam
i am in teaching profession. i am receiving contract base salary 20000 per month and tds is deducted under secion 194j. i would like show my entire gross receipts (240000) as Profit under section 44AD can i show income like this in ITR 4 since i am not exceeding basic exemption limit.
please help me sir
thanking you

One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.

My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.

So now my query is what is the calculation behind Rs. 5,000.00 ?

One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.

My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.

So now my query is what is the calculation behind Rs. 5,000.00 ?

Good MorningTo All Experts,
We make Sale invoice to a Party.in this Bill we add freight . just want to know that what rate will be charges on Freight. Please understand through an example
Sale material Detail to Party
1-Item A with 18 % Igst = 25000
2-Item B with 28% Igst = 40000 I
n This bill we also add freight 10000. Than in which percentage We will charge Igst on freight amount 10K. 18 or 28% It will treat composite Supply ????

DEAR SIR,
WHERE THE PERSONS HAS MADE LONG TERM CAPITAL GAINS, TO CLAIM EXEMPTION HE HAS TO INVEST IN NEW ASSET BEFORE THE LAST DATE OF FILING INCOME TAX RETURNS OR DEPOSIT IN CAPITAL GAINS DEPOSIT ACCOUNT. NOW FOR AY2019-20, THE LAST DATE HAS BEEN EXTENDED TILL 31/08/2019.
THE QUERY IS IF INVESTMENT IN NEW ASSET IS MADE OR IF DEPOSIT IS MADE IN CAPITAL GAINS DEPOSIT ACCOUNTIS MADE BEFORE 31/08/2019, WHETHER THE PERSON CAN CLAIM EXEMPTION FROM LONG TERM CAPITAL GAINS?
THANKS & REGARDS

Dear All,

We have received an Invoice from Parent Company (Japan) for Debt Guarantee Fees, what rate will be applicable.
Under 195. (10% or 40%)

Please advise

Thanks & Regards

Amit

SIR,

I, AN INDIVIDUAL (WITHOUT AUDIT REQUIREMENT) PAID X AMOUNT AS SELF ASSESSMENT TAX ON 31.08.2018 AT 10.30 PM FOR FY 2017-2018 BUT BSR CODE AND OTHER INFORMATION NOT AVAILABLE , SO I HAD NOT CLAIMED THIS X AMOUNT IN FY 2017-2018.

But today 26As is showing in FY 2017-2018 Rs X has been paid as self assessment tax on 01.09.2018
Can i claim this X amount while filling ITR of FY 2018-19.

If , yes please also explain where to write this amount?

Jatin Pal

If taxpayer receives annuity monthly from Insurance plan of ICICI Prudential life insurance,is it taxable as income from salary or income from other sources?

Kindly guide as soon as possible.

What is Jurisdiction of residence in below case?

A person first time go to Australia and stayed there from 30-3-2018 to 23-3-2019.So her residential status is NRI for A.Y.2019-20.Now since 23-3-2019 till today she stays in India.what is her Jurisdiction of residence and TIN in ITR-2?

Kindly guide as soon as possible

Dear Sir/Madam,

Please advise to me which ITR (Form 4 or Form 5) form is applicable for partnership firm. Firm had been created in July 2018. Total Turnover Rs. 77 Lacs.

ITR form for Partner (ITR-3 Or ITR 4).

Thanks & Regards

Harendra Singh