Hi All

One of my clients is having income as only from capital gains.
Income is below taxable limit. Whether it is taxable?
Whether investments u/s. 54 is to be done to claim exemption?

Thanks in advance.

Hi
I am a teacher and filing tax returns u/s 44AD for couple of years with ITR of 3 Lakh by showing
> Tuition Income : Rs 2 Lakh
> FD Interest : Rs 50K
> commission : Rs 50K

This year i entered and started speculative transaction in Stock market for 5 months in Equity having
> Total Turnover - Rs 75 Lakh
> Equity Intra Day Delivery Loss - Rs 35K
> Equity Short Term capital loss - Rs 7000
> FnO Loss - Rs 50K
and thus after incurring heavy loss of Rs 92K stopped share trading

If I dont want to use this loss against my income. like it was speculative and share trading closed. can i still be allowed to file tax return u/s 44AD as regular tuition income and also any repurcursion of not showing losses in ITR.

Thanks pls guide

Hi Sir,
1. We are paid transport charges paid single payment Rs.50,000/- this applicable tds 194C @2% ?
2. Transporter provide 194C amended 2015 self declaration. Hence if the transporter owning not more than 10 goods carriages at any time during the year, provide his PAN alongwith the declaration then as a payer, you don’t have to deduct his TDS u/s 194C.
3. We need deduct or not to deduct this amount ?

hello everyone

i want to file monthly gstr 1 (iff) for october. We are having no sale in the month of october and

have only received advance against service.

how shall i show that in gstr 1 as no specified table of advance received is given.

kindly reply and thanks in advance.

WHAT ARE SFTs? DO WE NEED TO DISCLOSE IT AS INCOME FROM OTHER SOURCES??

An assessee purchased an immovable property for Rs.65,00,000. He has deducted TDS @1% and while filing Form 26QB by oversight the PAN and address of the Transferee (Buyer) was mentioned as Seller (Transferor) and vice versa. Challan was accordingly paid in the PAN and name of seller instead of buyer. Please suggest remedy. Thanks

Form TRAN 1 which was filed OCT-18 is not being downloaded now what to do ?

Dear Sir\Madam,

I request you to please guide me on the above subject i.e. the Director wants to transfer his shares in the name of his employees in free of cost as he wants to retire from company. So my question is any tax liability arise to the director for transferring his shares to employees under the head of capital gains?

Sir,
It assess source of income two types
1.fees collections income
2.sales of medicines income
Question:
Assess benefit of old or new scheme it returns filed two business person.

hello expert
recently i filed my first itr and i made some mistake plz help
1. i am a freelancer helping people with accounting and consulting in filing for pan and linking process for which my GReceipts where 92000 and profit was 65000 cash 10400 i foolishly filled itr 4 under section 44 ada in under profession of accountancy with no current account i am an mcom graguate
2. i dont think i will be continuing my profession as i have joined a job and have no ffree time.
3 i know opting out of itr 4 or 3 i will lose the presumptive scheme for 5 years which i dont think i should lose

i am also scared of getting a notice from IT and have not slept for 2 days of scare

my main reason for filing itr this year is to show my freelance income as i have applied for TA exam in which i put PGBP as my employment
i think i want to show my income in other souces as freelance and not claim benefit of 44ad or ada
but as i have filed my income tax can an expert help me in this mess
plz plz plz help