Dear Sir,

A person have income from business turnover Rs.2 crore books covers under section 44AB. GP increase 5% as compared to Financial year 2020-21. GP in Financial year 6.7% in 2020-21 and GP in Financial year 2021-22 is 11% Please suggest can we face any problems from IT department.

i am director in a company since Dec 2016 with stock options and salary . my company is getting closed but my compensation has not been paid since 4 years and the top management is not responding to my claims . Where and how can i claim or complaint as per the legal procedures ..

Will Late filing fee U/S 234F apply for return submitted before due date but everifed under condonation delay for an individual.

Last year late payment of PF and ESIC were disallowed in Tax Audit
While filing next years Return, the set off of the same remained unclaimed
Now can I file rectified Return claiming set off of previous period disallowed expenses
under which section the set off can be claimed in rectified return

I have a home loan from SBI taken in 2013, and got another home loan top up sanctioned based on earlier loan, in 2022. The home loan top up is taken for purpose of renovation/repair, and not construction.

1. Can income tax rebate be claimed on interest amount, from both the loans simultaneously subject to a max of 2Lakh?
2. Since the top up loan is for repair/renovation, for self occupied, there is a limit of 30K deduction. Can i claim a 2Lakh deduction if its rented property, inspite of being a top up loan for purpose of repair/renovation?

Sir/Madam

Let me share condition for submission of GST Annual Return for the fy 2021-22??
Is any last year turnover limit ??

thanks in advance for sharing.

HELLO TEAM,

I WANT TO FILE ITR3 FOR INDIVIDUAL. HE HAS PROFESSIONAL INCOME, HOUSE PROPERTY INCOME, LONG TERM CAPITAL GAIN, SHORT TERM CAPITAL, AND FUTURE, OPTION , INTRADAY LOSS.

I HAVE QUERY REGARDING PROFIT & LOSS ACCOUNT AND BALANCE SHEET . DO WE NEED TO CREATE SEPARATE P/L & BS FOR BUSINESS INCOME AND FUTURE, OPTION , INTRADAY LOSS/ INCOME ?
WHERE TO SHOW BUSINESS INCOME AND FUTURE & OPTION LOSS IN ITR3.
AS HE HAS MAINTAINED HIS BOOKS OF ACCOUNTS ?

THANKS

what are the services/goods will cover in section 9(4) of Gst act

co-operative society registerer with state govt.
turnover 20 laks how can file return of income tax with audit or without audit , can declare income u/s 44AD and take deduction u/s 80P of the whole profit or not, if not why.
tax audit require or not, if yes under which section.

Our A client made payments for spares parts onbehal of us and supplier bills inculding IGST issue to name of A client. But A client debit amount to us inculsding IGST, A party register in GST. This is correct.If he hav availed Input Tax Credit.

Pl. give your opinion
From Dharmadhikari