Respeted Sir

The assessee had inadvertently filed ITR-4 instead of ITR-1 and that too after the due date as against which notice 139 (9) was issued to correct/rectify the return within 15 days but the assessee did not file the revised return and because of which the return was treated as invalid return on the basis of the order passed u/s 139 (9). The original return was a belated return and was not revised even after receiving 139 (9) notice. Please guide me what to do in such situation.

Respected Sir

1) Is their any Unit Linked Mediclaim policy ? So that premium we paid can be either be claimed against our medical bill or if not claimed then it is to be invested for us and we can get it back in future after maturity.

If in my salary their is no Uniform Allowance and if I have purchased Uniform from my own pocket. Can I claim that amount as deduction from salary.

For e.g. if I purchased Blazer for office purpose can I claim it's price as deduction from my salary income.

XYZ is a manufacturer and is registered with GST. Fire broke out ay his manufacturing unit and the 1) Raw Material, 2) Semi – finished Goods and 3) Finished goods got damaged in the fire. These goods now they want to destroy being unusable. What is the action to be taken against each item as per GST provisions?

a peron having truck and runs them on contract for movement of coal. Whether 44AD can be adopted or 44AE??

Working capital Management - Receivables management - calculation of Investment in Debtors formula = cost of sales * credit period / 12 but in few sum calculation - investment in debtors instead of cost of sales. they take sales value. i don't know why ? any one answer me please

Dear Sir/Madam,

I am doing start-up business of ready-made cloths selling through e-commerce portal (Amazon,Flipkart etc.). My turnover under 20 lakhs.

In this case GST is mandatory or not.

Can I trading as unregistered vendor for e-commerce portal.

Traders and Service Providers were urged to file Annual Return for the year 2017-18 within a short span of time from the date of provision of
"Online Return filing facility" in GST Portal. Now for the year 2018-19, time limit to file Annual Return is 31.03.2020.
I thought of starting analysis to file GSTR-9 for 2018-19 for a Service Provider somewhat early but was astonished to find that GST Portal is not permitting/ moving to sub menus to prepare GSTR-9 online for the year 2018-19. I could not digest the hardships GST Department is giving to medium and small level merchants and service providers.
Experts have to convey such things to the GST Department.
-Ramaswamy.T

Hai dear Ones Good evening.
My cousin is going to sell his property(Land) which approx value of 45 lakhs which bought at 10 years ago for 5 lakhs.He will utilize the money for constructing of a building which land is on his wife name.
His son is having a building which bought with 18lakhs loan and 12 lakhs his own fund.
Can the father said that profit of the sold property is cleared his son Loan for tax deduction.
Pls guide me n suggest me how much of capital gain tax(maximum) may be impose with the above Values.
Thanking You All.

Hi

For Resident Individual below 60years of Age , if Income for FY 2019-20 is below Rs 5 Lakhs but above Rs 2.5 Lakhs ( Including Short Term Capital Gains from Sale of Equity Shares & Mutual Funds u/s 111A )

Will there still be any Tax Liablity as income u/s 111A is taxed at special rates.

Dear Sir
My client is builder having business of construction work.In addition to this business also doing share trading business through Brokers. in the financial year 2019-20 my client suffer loss of 2.36 cr due to fraud of employee & Brokers.They sold shares and transfer sale proceed in to a bank account fraudly opened in joint name of client and other person in one of the cooperative bank.In this year the client having Short term capital gain income and interest income on income tax refund.
my question is whether my client can set off the loss suffered 2.36 cr against interest income , business income and short term capital gain income.This loss is incidental in nature due to fraud. it is not a trading loss.
please give the expert opinion .