One of my Friend Recently CA Qualified and started to Practice. now he want to Open 4 New Branches at different cities. my query is, is he eligible to Open 4 new branches? he is proprietor.
at 4 places 4 full time staff are there. (distance morethan 60 km each city)

Hello,

Can i revised my income tax retrun for the AY 20-21, As i received the notice for "Adjustment u/s 143(1)(a)" HRA.
Exempt Allowance Sec 10(13A) is more than minimum of :a) 50% of (Basic + DA) orb) HRA .Hence amount exempt u/s 10(13A) is recomputed accordingly.
KINDLY HELP

For business in Futures & Options in share market can return of income be filed on presumptive basis u/s 44AD and by declaring profit @ 6% of turnover ?
If actual profit is more than 6% still profit can be shown @ 6% u/s 44AD ?

We are purchasing goods and getting delivery by hand cart for 20 kms distance. The value of goods is 8 lakhs. Do We need to generate E-Way bill. Will I get ITC for purchases made by hand cart?

I have a continuous service of 4 years 8 months in a organisation. During the Full and final settlement employer mentioned the gratuity amount as Ex-gratia, employer confirmed (orally) that as my service was 4 years 8 months, they have paid my Gratuity as Ex-gratia and this amount is also tax exempted.

But, in the Form-16, tax exemption not considered, immediately, I have asked my employer (through mail) to revise the Form-16, but, employer not responding.

Kindly advise,

1) shall I consider my Gratuity amount (which was paid as Ex-gratia) in my tax return

2) if not possible, how can I get my tax exemption.

Hi,

I took a car on lease through my company. Service provider is ORIX.
The residual value is quoted at 21% of Ex-showroom price(which already has 29%) GST.
After the tenure, ORIX asks to pay RV + 29% GST again.
Is this double taxation?

Sir,
It assess net profit as per profit and loss account rs:5,50,615/-in f.y.20-21
Add: estimated personal expenses rs:10,000/-(personal expenses rs:1,50,000/- debited to capital account
Add:sadar (refreshment) expenses rs:5200/-debited to profit and loss account.
Total taxable income rs:5,65,815/-show in itr in f.y.20-21.
Question:
Assess sadar( refreshment) expenses and personal expenses not allowed in it act.

Can we claim gst charged on car insurance premium ? We are suppliers of Iron and steel goods and fabrics. Car is in our proprietorhip firms name.

Hello, Sir/ Madam
I have a doubt about filing of Form 10 IE for Salaried persons is Mandatory?
If its mandatory, then Salary person is not having any business income or profession income. So, Why not form 10 IE shown in Person don't having business / profession income.
Because I file my client return, Salary person and I file form 10 IE. this form show only in Person having business/ profession income and some mandatory field is selection of Sector or sub sector. If I m salary person so why I choose for sector or sub sector.
Please help

Please guide me regarding Tax implications of Service Fee received by a IT service provider to a foreign client as service fess received in Tether (USDt) via wazirX.