If tax payer has equity share income, speculation income, and other vegetables sale income, then what would be the turnover limit for audit
In which schedule of itr can I show exempt perquisites included in my salary?
If the Sale and Purchase both are outside india (i.e. Dubai) and Payments have also been received in dubai and not tax have been paid outside india
Then whether any such tax liablity shall be made in india and whether such Turnover shall be taken into consideration for GST turnover in india?
My friend is running oil trade business and purchased a car & used it for business purpose. Hence he availed ITC from purchase of Car in FY 2021-22. Now DRC-01 notice received to reverse the ITC availed on car u/s 17(5) blocked credit. Interest and penalty for the same.
Four seating capacity car. Car is used for business purpose, some time used for transport of goods also. ECL balance is less than Interest payable amount. Is there any chance to avoid the reversal of ITC and interest.
Please guide. Thanks a lot
ASSESSEE HAVING TURNOVER 85 LAKH HAS FILED ITR BY AVAILING BENEFIT OF 44AD FIRST TIME IN A.Y. 24-25 AND IN A.Y. 25-26 TURNOVER IS 3.80 CRORE (DIGITAL TRANSACTION WITHIN 5% LIMIT)
Q1 . IS AUDIT BECOME COMPULSORY IN AY 25-26 AS ASSEESSEE HAS OPTED OUT FROM 44AD IN AY 25-26 EVEN IF TURNOVER IS WITHIN 5% LIMIT OF DIGITAL TRANSACTION
INCASE OF PUBLIIC CHARITABLE TRUST UNDER WHAT CIRCUMSTANCES FORM 9A AND FORM 10 HAS TO BE FILED??? WHETHER BOTH ARE TO BE FILED TOGETHER OR ANYONE HAS TO BE FILED???? AND IF BOTH ARE FILED WHETHER IT IS ALLOWABLE OR NOT???
Sir, inorder to count the time limit ie. less then three years or more than three year, whether the notice date of 148(b) is to be considered ? or the notice date of 148 is to be considered.
Dear Sir,
With respect to above mentioned subject line would like to let you know that I'm not able to find the same or near by figures for calculation of LTCG and STCG along with Intraday Profit and Turnover in Capital Gain Loss Statement and AIS Utility, kindly advice.
Awaiting for your kind response.
Warm Regards,
Aditya Ghatge
Respected Sir
My Freind Invested in KVP - kisan Vikas Patra ( Post office Savings Scheme ) approximately 8 years Before of Rs. 8 Lakh
KVP matured in F.Y. 2024-25 amount of Rs 16 Lakh. out of this amount 8 lakh Rs. is interest
this Entire Interest amount 8 Lkah Rs. Shown in F.Y. 2024-25
He never Filled Return earlier.
My question is this interest amount is For all 8 year So Can i Show In F.Y. 2024-25 only One Year interest on accrued Basis that is Approximately 1 lakh and in AIS give Feedback that other Interest i.e. 7 lakh Rs. is For Previous Year and i will also File Previous 3 Year Return u/s 139(8A) Showing Interest on accrued Basis
Dear Sir / Madam,
Mr A is an NRI. He is earning LTCG and STCG on mutual funds in India. How to show this capital gain in his ITR? Will it be shown as normal transactions or under the first proviso to Section 48? I am confused regarding this first proviso.
Please guide.
Thanks & Regards,
Suraj
All Subjects Combo (Regular Batch) Jan & May 26
Tax payer has equity share income, speculation income and vegetables sale income.