Persons having income from salary (Rs.2122420/-), interest income (Rs.651230), capital gain (Rs. 30520) as well as professional income (Rs.483320/-) for the current assessment year 2023-24. As per Form 26AS, he has received a business income/receipts of Rs 8640/- u/s 194R. Where to show the said income u/s194R in ITR 3? Can be said income u/s 94R be shown in income from other sources? Your valuable direction is highly solicited. Regards, Tarak Kumar Roy, West Bengal.

I bought an apartment on 999 year lease in retirement community. Building is under construction and advance maintenance for 15years is given. The promoter has taken 18% GST on maintenance amount even though monthly maintenance is much less than 7500.
Is it legal and correct to apply 18% GST in this case ?
Thanks
Sunil Verma

one of my client is going through financial problem and one of his foreign friend ( citizen and resident of UAE) is ready to help him ?

amount is 40 lacs ?

my question is can he take 40 lacs in his account as loan from friend ?
if not then how can he take this amount ?

Dear Experts,

I have filled my company's tds return for q4. I have failed to update the lower deduction details of one party. And hence now i have received the notice for short deduction along with the interest. Need to how how to rectify this and also am I required to pay interest again??

Dear Sir

I have a turnover of 85 lacs in F&O Trading in FY 2022 23 with a loss of 5 lacs . I did not opt for the 6% declaration , before in any year . Basically I need to show the actual profit / loss in my return for the AY 2023 2024 .

Need clarity on the following :-

1 Since the Turnover is less than 1 crore , no need for any Tax Audit ( Irrespective of my profit / loss) . Is this view correct ?

2 Can I follow the latest guidance note from ICAI on the calculation of option Turnover ? This guidance note states that , total of profit and loss from each transaction is the Turnover . (No need to add the sales premium )


Thanks
Raju

Can I receive Stocks as Gift from Non Relative of value above 5 Lakhs.

Now, If I don't Sell these Stocks then no tax liability on me.
Only Dividend is taxable for me.
No tax on donor.

Please Help.

i want to know that can i show my such income under section 44ADA ? If no under which head my income will be taxed?
i am a freelancer
i am currently working for a company to train their AI (artificial inteligence)
i received payment of ₹800000 during the year 2022-23
The company gives me payment after deducting tds U/s 192 (salary)
But i am paying salary of ₹300000 & rent of ₹60000 per year to earn above income.
effectively i am earning ₹440000 for the year.

Sir, purchase land , dt 27.2.18 co owner property A.& B Pur.Total Amt 580000/- A.290000/- B 290000/- Sale Total amt.295000/- dt.30.11.22 One person sold. Itr 3 filing A Plot pur.A. 290000 Sale total amt.295000 one person 100% But ITR filing which sold amt consider? Pur.property owner A 50% B 50%? Sale amt.A.147500& B.147500 LTCG Calculate? & ITR . full consideration value? Cost of acquisition without indexation calculation? Index
Total pur value. / index 580000/272*331=352904/-
Or
A.calculation.290000/272*331=352904 B.calculation.290000/272*331=352904 LTC Loss A -210404 & B -210404 ITR. Correct calculation ? Please. Sir solution.

dear expetrs
i would like inform you that iam an accountant working in dealer particular brand.
my concern purchase of goods from out side of state.
some month's purchase itc in excess and purchase itc and sales itc (cgst,Sgst and Igst)
how to journl entery in tally erp 9

pls solve my quest

I'm not able to enter Passport Number While filling FORM-4. Showing an error "Enter Valid Passport Number". Is there any fixed format to enter passport number in Form-4.