Dear experts Sir/ Madam
Can you please solve following queries
A Technical person , Senior Citizen, is drawing monthly salary ₹2 lac per month as a director from a company , He also getting ₹ 3.5 lac per month as consulting engineer services from others. He wants to pay tax U/s 44ADA .

Would he be eligible to claim 3.5 *12 = ₹42 lac under presumptive "income from business profession" 8% & rest ₹ 24 Lac under "salary"?
Kindly elaborate.

One of our client Company is into the trading of Lubricating Oils in Delhi.
Please guide me the procedure to obtain lubricating oils trading license for Delhi location.

Dear Sir/Madam,

Can an individual claim deduction u/s 80CCB, 80U and 80D together for medical expenses. 80D is also on medical expenses, no mediclaim paid.

I have applied for registration of charitable trust in form 10A on 28.03.2021 and got provisional registration for 3 years on 28.05.2021. My query is do I need to revalidate the registration as per new provisions? If yes, do I need to file the form 10A or 10AB?

Sir,
It assess cash loan creditor and debtor outstanding ledger balance as on dt:31-03-21 (in f.y.20-21)in books
Cash loan from creditor (name Mr.A)Rs:3 lacs
Cash loan to debtor (name Mr.B)Rs:4 lacs.
1.Cash loan from creditor ledger outstanding balance amount transferred to cash loan to debtor account balance adjustment journal entries passed in books f.y.21-22
2.remaing cash loan to debtor balance rs:1 lacs cash received.
Question:
1.journal entry passed in books allowed in it act and sec 269ss and sec 269t provision applicable.
2.remaing balance cash received allowed

I have an ancestral property which I wish to sell. In order to save the capital gains tax I have purchased a flat in Sept 2020 in anticipation of the sale to be completed in one year.

Due to Covid the sale of my property is taking time, and I am afraid that the sale may be delayed beyond Sept 2021, and I may not be able to take advantage of the capital gains tax savings.

Since the delay of sale of my property is because of Covid 19, can the limit of one year from the date of purchase of a property,be extended for sale of property to claim the capital gains tax.
I will be glad to have the experts advise on this at the earliest.
Thanks and regards
Ashok Kumar

I am pensioner from UIICLtd. In FY19/20 I was paid pension for 13 months due to corona disturbances and I paid I tax on 13 months pension as per advise of tax consultant. In FY 20/21 payment of pension is for 11 months. When I T return filing for FY 20/21 is attempted providing 11 months' pension as received in FY 20/21 it is not accepted by e tax filing portal with message that pension is less than form 16 shown on 26AS..Form 16 for F.Y. 19/20&20/21 both are issued for 12 months on accrual base by pension paying authority viz. LIC, whereas I am paying tax on receipts base as income is taxable on accrued or paid base whichever is earlier. I don't want to pay tax twice on pension for March 20 accrued on 01/04/20 but paid on31/03/20. I may kindly be advised/guided. Thanks with regards. Ramesh

Sir/Madam
While filling the form 108 the period for articleship training is 3 years but it is mistakely given as 2 years 11 month 29 days. Kindly rectify the mistake as soon as possible.

Can we file Income Tax Return for AY 2020-2021 now.... what is the way out for the same.

i purchase goods [food grain and pulses] and received bill for full amount party issue 4% discount on bill amount.please advice me should i pass entry after discount amount or for full bill amount .as if i record full bill amount my gross profit is showing excess.bill amount 100000 discount 4000 payment 96000.please advice me with legal view what is correct?96000 or 100000
with thanks