I have a client who has income of truck renting, He own this truck since 2017, and we have shown its income under section 44AE i.e. Presumptive taxation. Now the problem is in the year 2018-19 he sold this truck with profit, Now my question is that any capital gain liability attracted by him in this case ????? If yes Under which Section and what is the Income Tax Liability if I will file its return by the end of Dec 19.
Please reply as soon as earlier.

Dear Madam/Sir,
I have filed TDS Return u/s 195 @10% with TRC Certificate in Germany , but Traces Issued the Demand Notice for the same with Interest on short deduction. we are having Form 15CA certificate @10% issued by CA.
I request you to please guide me to file the correction statement and close the Demand.
In case, if I have to raise the request for resolution for closer of Demand, please share the resolution for the same.

Thanks in Advance

Can we avail Input tax credit of GST paid on rent a cab services provided to employees free of cost.

I have paid certain sum for wedding ceremony of my son from my company account . I have confusion whether I can claim input tax credit on the above expenses.

When it is mandatory to generate e-way bill ? (Distance / Amount / Intrastate/Interstate).

Ranjith is wealthy man enjoying large dividend and interest income. He has formed three private companies and agreed with each of them to hold block of investment as an agent for it. Income received was credited in the accounts of the company but the company handed back the amount to him as a pretended loan. this way, he divided his income in three parts in a bid to reduce his liability.
Wanted to know the facts, issues, relevant provisions, analysis and conclusion on the legality of the purpose for which the three companies were formed

One of my client provides adverting services. he have received a invoice in which rent for hall and food is given in one Invoice but the amount have been shown for rent and food seperately in same invoice and even GST is also have been charged seperately . here i am in a dilemma whether i have to charge TDS on the whole invoice amount or the Rent seperately

Hello Sir,

"TIN has been processed by Income Tax Department (ITD) u/s 200A and no defaults have been identified "

I am being a individual. what is the stand for TIN. Is there any notice? please clarify. Thanks

We have applied for change of principal as well additional place of business as well change iof partners in the firm on GST portal. But ARN is still shown pending. Will it be okay to make purchases for delivery to new place of business while application status is still pending?

doing business from 2016 with out any registration. Now Dec'19 apply for gst registration. Which date i will take for commencement of business 2016 or 2019