Sir,
Sec 44ada it returns filed professional income person gross receipts rs:10 lacs 50% income declared rs:5 lacs show in it returns and house expenses rs:1,50,000/-
Question:
Assess rs:10 lacs income -expenses rs:5 lacs -1,50,000/- house expenses remaining balance amount Rs:3,50,000/- cash deposit in bank account correct procedure.

Dear Sir/ Madam,

We are following E-invoicing Rule from April 2021for supply of Goods.

As of today while dispatching Goods we issue two copies of Invoice to our Customer -
1) The Esign copy printed from the E-invoice Portal &
2) Our System/ Software generated (and then manually signed) copy of Invoice.

As our System/ Software is linked to the E-invoice portal, the Invoice has IRN & QR code printed on it.

My query is -

Is it Okay if we issue only our System/ Software generated copy of Invoice (having IRN & QR code printed) to Customer and do not give a Esign copy from E-invoice portal ?

Looking forward to your advise.

Thanks & Regards,
Rachana

Is the Form 10A available in the new income tax website? How to upload this Form?

As per my understanding after reading on section 44AD.

Business with a turnover of less than 2 crore can avail benefits
of sec 44AD. (Excluding commission, agency and plying).

I trade in FNO my turnover is around 1.5 crore,

Can I Declare my profit @ 6% i.e., 9 lakhs and pay tax accordingly.
Whereas my actual profit is around 20 lakhs.

What to do in such a case. Please Advise.

Thank you.

Sir, Is there any process to solve my below noted problem in Tally ERP 9 :
That, sales and purchases invoices will be entered by my staff and datas of the same will be given to me each month.
And bank and other transactions (Receipts/Payments/Journal) will be entered by me each month.

Is there any method by which I can copy and paste sales/purchases datas entered by my staff in my tally data each month ?

Hi,
The assessee has paid entire consideration on 31.12.2014
The sale deed is dated 31.3.2017
Physical possession is taken by the assessee on 31.3.2021

The question is: if the assessee wish to sale this property on 30.6.2021, whether he is liable for short term or long term capital gains.

As per your advised, revised return of income u/s 139(5) submitted on 31/05/2021 AGAINST Original return u/s 139(1) WHICH was submitted on 06/09/2020 for the A.Y. 2020-21 BUT non furnishing B/S and P/L a/c , it was defective as per CPC but in this regard I did not receive any notice U/s 139(9). Despite several request to the CPC through e-Nivaran - original or copy of notice did not send to me. Lastly you advised to submit said return u/s 139(5) - as per your valuable advise I submitted return U/s 139(5). But PRESENTLY I AM UNABLE TO OPEN THE NEW PORTAL TO KNOW THE DECISION OF THE CPC. Kindly advise. Regards, Tarak Kumar Roy

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Hello Sir,
I transferred a flat to my NRI son in 2015 without having to pay any stamp duty as transfer within blood relations is allowed so.I hold the POA for managing his property. Later this was rented out and my son was getting rent. But inadvertently I neither showed him NRI in tax return nor got TDS done by tenant .I now realize my mistake. What should I do now to be on the right side of law?
Under above circumstances and realizing higher taxes leviable for NRI on sale of properties, Kindly advise if my son can transfer the property back to me. If not, due to reason that I being original transferor(Is it bad in law?),to his mother?
Thanking you,
Sincerely,
S C Goswami

I was purchased a flat in 2000 in my name for Rs 4,80,000/- We were living up to 2007 JAN, after that we have shifted to Delhi state Govt accommodation allotted to my wife along with our 2 daughters, the rent was deducted as per govt rules from my wife salary.
Mother in law (wife mother) was staying with (Wife Brother) brother in law in my flat up to 2012 with out rent, in 2012 brother in law was shifted to Goa, from 2012 mother in law was staying with us, she dont have any income since beginning, in fact we are financially supporting her for her medicines & daily needs etc. & my wife was declared as she is Dependent member in service record from beginning of the service. (pl note 1998 to 2007 she is stayed with us , 2007 to 2012 she stayed with her son & 2012 to till date she is with us)
I was opened HUF in 2012 then declared above flat as HUF, Rental income showed in HUF ITR, From 2013 to 2018 . in 2018 i sold this flat @16 lac as HUF A/c recorder in ITR. the said amount deposited in HUF Capital Gain account to buy some other property, we have opted loan to buy new flat in delhi in joint name clubbing the HUF amount. But Bank refused to Home loan if we club HUF amount. Hence plan was dropped clubbing HUF amount. Without clubbing HUF amount we have purchased a Flat along with home loan.
In the mean time we have submitted application & form G to IT department in 2020 through CA. But no reply received till date .
Pl go through above facts & suggest us, where is the complication, how to sort it out. We need money back to clear present home loan.