Respected Sir,

One of my client - Enrolled as an Advocate in Bar Council during last year.

He also runs a Software Consultancy and operating a Total T.O of Rs. 50L during previous year

Also he has Commission Income - TDS Deducted U/s 194H of Income Tax Act 1961.


I request your Advise on How to prepare Financials and File Income Tax for him

Ques 1: Can I declare his Software Consulting T.O of 50L under 44AD and declare 6 % / 8%

Ques 2: Also can i show Commission Income (TDS Deducted U/s 194H) in 44AD and declare 6% / 8%

Ques 3: What will be the Complication of Filing Business ITR for Advocates

Kindly advise

Dear Sir,
Interest earned on maturity of National saving certificate is taxable or not..? and also interest earned on PPF & FD is taxable or not.. Please guide me with relevant section.


Thanks & Regards,
Bheema Reddy.

while doing merchant export transaction, is it mandatory. to give intimation to GST department for each transaction.

Hello Sir,

I am paying   ₹ 35,000 PM out of which ₹ 2500 is being paid to the housing society as maintenance amount and the remaining ₹ 32,500 as rent to owner. The owner is not ready to sign rent receipt for   ₹ 35,000 since owner is not collecting the maintenance amount. How do I proceed on this to claim my HRA ?

Sir
I submitted the two different e-verified 10E form for Ay 2023-24 but I still not submitted the Itr for the same, Now which is the 10E considered as right one?
With regards
Dharmendra K. Kewalramani

My daughter has an NRI status and has received dividends from HDFC Mutual Fund for Rs 15032 u/s 196A and tax at 20%+ as given in 26AS. While filing tax - this amount needs to be entered in Sch - Other Sources (OS) under the sub-section 'Income Chargeable at Special Rate'. While choosing the sub-category under this sub-section I am getting two relevant options
to choose i) 115A(1)(a)(i) - Dividends in case of non-residents and ii) 115A(1)(a)(iiab)- Interest as per Sec 194LD.
In AIS Summary the amount is shown under 'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)' .
Under which sub-category will I enter the dividend amount under the subsection Income Chargeable at Special Rate' ?

"Value of off market credit transactions of unit of equity oriented mutual fund (RTA)" appears on my AIS. Transferor name is mine. Consideration Value is 0 and the status is active. I haven't sold this. What are the income tax implications?

how to remove error 4336 in tds ret 27 q

Sir,
I am not a income tax professional . Every year I mysrlf file my return . Can I file return for my son and wife from their Login .

I would like to know one thing more . If I-Tax payable is greater than TDS in a return - how I-tax would be paid / adjusted .

With regards,
Sudhir Saha

Greetings,

I wish to know what is the limit of amount a private limited company can take exemption for the interest paid on the unsecured loan taken (Please note that this loan was from the Director to the Company)

Regards