A father opened a savings account in his son's name and deposited some money. (Rs.1300000) The father later died. There was also a RD of five years in the post office in the name of the father, whose money (Rs.1100000/-) came to the son's account as a nominee. The father never filed the return, if his son file the return, then what is the income tax calculation? Will be done in the which head and how will it happen?

DEAR SIR,

ONE OF MY CLIENT PURCHASED 500 SHARES ON 1995 FACE VALUE OF THE PER SHARES 10/-. HE SOLD THE SHARES IN FINANCIAL YEAR 2018-19 WORTH OF RS 216000/- AND 206781/- RS 196065/- AND 210724/- AND 211451/- TOTAL VALUE OF SALE CONSIDERATION IS RS. 10,41021/-.

NOW MY QUESTION IS LTCG IS NOW TAXABLE @ 10%. WE CAN DEDUCT THE FMV AMOUNT AS ON 31/01/2018, U/S 55(2)AC, REMAINING AMOUNT WILL TAXABLE UNDER U/S 112A.

PURCHASE FACE VALUE OF PER SHARE AS ON YEAR 1995 IS RS 10/- SALE VALUE IS RS 2160/- IF FAIR MARKET VALUE OF THE SHARE AS ON 31/01/2018 IS RS. 1900/- DIFFERENCE AMOUNT RS. 260/- TAXABLE UNDER SECTION 112A.

PLEASE CLARIFY ME

REGARDS AND THANKS IN ADVANCE WAITING FOR YOUR REPLIES SIR

Is anyone receive tds refund assessment year 2019-2020 ? Myself submitted and evarified on 05-06-2019. The same is still under processing.

Itc input claim as per gstr2a in f.year 2017.18 rs. 717575
Itc input claim as per accounting books and gstr3b rs.722891
Difference amount show the columns no.in gstr9 for 2017.18

Dear Sir,
I have a trading business with 60 lakhs turnover in last year.Previously i was filled ITR form 4 (44AD),in Nov 2018 i have purchased a havy vehicle (14 Ton) but not registed under gst while my trading business registered under gst.During purchase of truck company deducted tcs @1%,now question is how can claim my tcs refund and could i file truck income u/s 44AE with Rs.15000/- per month and trading income shown in 44ad.

Dear Sir,

My query about is what is the GST Rate and SAC code of Biscuits mfg Job works service provided by me ?

Please suggest and reply at an earliest.

Thanks

Regards

Vicky Agarwal
9804984276

I want to sell goods through e commerce operator amazon
1. At the time of registration which category is to be selected like taxpayer/ ecommerce operator and which business activity is to be selected like wholesale/retail/sale office /bonded warehouse etc

2 if i sell both B2B & B2C sale where to show these details in GSTR 1 because There is no option of selection of sale through e commerce operator on GST Portal

Respected Expert,

I’m a resident (i.e. resident and ordinarily resident). I got a temporary job (i.e. for 1 month period) as a FREELANCE Trainer to train ITI students to teach the work culture and soft skills. My client (i.e. employer) has deducted TDS from the payment (i.e. consolidated professional charges) under SECTION 194J. Which ITR form I have to file to get the refund of the TDS? ITR-3 or ITR-4?
I enquired so, because a Freelance TRAINER can’t adopt Presumptive Taxation Scheme of SECTION 44ADA as he/she won’t fall under either Legal profession or Medical profession or Engineering profession or Architectural profession or profession of Accountancy or profession of Technical consultancy or profession of Interior decoration or profession of Advertising or such other profession as is notified by the CBDT for the purposes of section 44AA (i.e. profession of Authorised Representative, profession of Film artist, profession of Company secretary, and profession of Information technology).
A freelance trainer also can’t adopt Presumptive Taxation Scheme of SECTION 44AD as he/she is not running a business. Because section 44AD is for BUSINESS and not for NON-SPECIFIED PROFESSION. Hence does a person who is engaged in a profession other than ‘those professions as prescribed under SECTION 44AA(1)’ will have to file ITR-3 form?

Please guide me and clear my doubt.

Dear Experts,

Suppose a person is filing his IT return for the first time and he has made a withdrawal of PF in the Previous year exceeding Rs. 50,000 /- and TDS @ 10% has been deducted at withdrawal.

Can he actually claim the amount of TDS as refund by including the EPF employer's share and both the parties interest as income and excluding the contribution made by him as he has not filed his income before and there is no way he would have claimed exemption U/S 80C?

Thank you

I have a client who is non resident for AY 2019-20. I want to know what do we out jurisdiction of resident as he has resident visa of qatar. So juridiction will be qatar or UAE? The second what is TIN of the residence. Were will i get that? Please help