Sir,
It assessee cash gift from brother rs:10 lacs after cash gift to son rs:10 lacs pay same date through on online mode dt:20-11-21.
2.another date :20-03-22 cash gift from brother rs:10 lacs after cash gift to daughter rs:10 lacs pay same date through on online mode.
Question:
Assessess above mentioned two gift receipt and payment transactions one financial year accepted in it act.

Dear Sir / Madam,

The queries are regarding Turnover of Intraday transaction to be mentioned in ITR and condition for maintaining the books of accounts.
For example, consider following intraday shares transactions

Purchase value Sale value P/L
10,00,000 12,00,000 2,00,000
45,00,000 38,00,000 -7,00,000
16,00,000 19,00,000 3,00,000
---------------------------------------------------------------
71,00,000 69,00,000 -2,00,000

So here turnover for determining tax audit would be calculated as the sum total of absolute profits minus losses made on daily transactions i.e. 2,00,000+7,00,000+3,00,000=12,00,000.
And Total of Sales value is Rs. 69,00,000/-

So my questions are as follows:
1) In ITR3, while mentioning the turnover, which figure we need to mention as turnover? Rs. 12,00,000/- or Rs. 69,00,000/-
2) For condition of maintaining the Books of Accounts, sales/Turnover/gross receipt should be more than Rs. 25 lakhs.
So in this case, for this condition, what turnover we would consider to check this condition.

Kindly guide.
Regards
Suraj

Dear Sir,

I am trying to upload spice plus linked in forms in MCA portal. The following error coming while uploading. "Dsc is not attached for pan in form INC 09". I have entered all data correctly but the same error coming again and again. How to resolve it. Please help me.

Hi

Can we avail benefits under section 44AD if the principal business of the partnership is renting out machinery & equipment towards infrastructure and allied services. Also, when do we have to pay advance tax for a financial year under this section.

Hello all I have attached dsc and all signatures are showing valid still this error is coming up while uploading spice+ forms "DSC is not attached for PAN CDNPS5285D in FORM INC-09.".Can someone please help me out?

I filed a return with an higher income than I accrued and the same return was processed and have received a demand notice u/s 143. Now can I rectify the return to the originally earned income ( confirmed in form 26as).

If rectifying should I rectify it while submitting the json file or submit the old details and then rectify it later ?

Hello all I have attached dsc and all signatures are showing valid still this error is coming up while uploading spice+ forms "DSC is not attached for PAN in FORM INC-09.".Can someone please help me out?

Sir,
A Gst registered dealer itc claim details mentioned show as per gst portal in f.y.21-22
Some months itc claim short falls rs: 28765/-
Some months itc claim excess rs:34567/-
Question:
Dealer itc excess vs itc short fall difference amount tax and interest and penalty applicable in gst act.

I m selling material of Gst 12% and in the same bill Labour charges @ 18% so what will be gst rate on Transport in this Bill.

I unfortunately Misinformed my income in my ITR on the higher side and the return was processed and I received a notice U/s 143(1) requesting demand on the same. my questions are

can I go for rectification of return and change the income declared to the original amount accrued, (which is also supported by form 26 as) or what is to be done with respect to the same. Please advise