Hi,
My spouse has income from home tuitions and Interest from fixed deposits. Her annual income from these sources is just below 2.5 lacs (may be around 2.35 Lacs).
Do I need to file an ITR for her?
She was working in a multinational company before 7 years and has some savings.
We plan to buy a property worth 50 Lacs on her name (Primary owner) with whatever savings (around 30 lacs) she has and I (Secondary owner if required) will be adding the remaining amount (20 lacs). Will it be an issue for buying a property if we do not have any recent ITR filed for her?
XYZ exporting the goods without payment of GST under LUT. Testing is carried out on these goods before export. Two separate invoices are prepared, one for export of goods and another for Testing charges recovered from the foreign buyer in relation to goods exported to them and GST not paid on it testing charges recovered. Is GST required to be paid on testing charges recovered? If yes, under which provisions?
Value of Kisan vikas patra was Rs.16,000/= and it was matured to Rs.32,000/= during the financial year 2018 - 2019.
How it should be taxed?
This is my first case as I am coming across Kisan Vikas Patra Taxation
My client don't know how to calculate Kisan Vikas Patra Interest and also forget to inform me. So he fails to show the interest on yearly basis. Whether he can show the interest of Rs.16,000/= as taxable income now for a.y.2019 - 2020?
I have a tuition income of 15,000 per month (1.8 Lacs annually) and an interest income from fixed deposit of 70,000.
I wanted to file an ITR for this income. 2 basic questions that I have are:
1. Should I do it with ITR1 or ITR3?
2. If ITR 3 then what should be the Nature of Business declared as? Should it be "21008 - Other services n.e.c." or "17006 - Coaching centres and tuition’s"?
I Have TDS-Credit - Rs 6313/- in FY 2018-19 shown in Current Asset in tally , while filing return my Tax Payable settled Rs 2313/- & Rs. 4000/- as refund kindly
help me entries in FY 2018- 19 & FY 2019-20 in Tally software
I have a flat each in Delhi and Chennai. My second house is not rented out during last financial year.
I understand there's some amendment wrt to income from second house.
Can I claim self occupied for both houses for AY19-20, while filing my return?
PL clarify.
Thanks
what should be the depreciation rate for medical instrument which is used by doctor for his personal use
House rent allowance is available in salary but the assessee has forgotten to deposit the receipt of the rent, so the rent was not accounted by the employer in Form 16.
If we are claiming through section 80gg then Rs. 60000 / - deduction is coming. Whereas the total rent of Rs. 134000 was paid by the assessee.
please suggest, how can we claim ?
The assessee is drawing salary from a pvt ltd company as a director
The assessee is drawing remuneration from a partnership firm as a partner
The assessee is drawing interest on capital with partnership firm as a partner
Which ITR shall be filed ?
ITR - 3
OR
ITR-2
PLEASE GUIDE ME AND OBLIGE.
Is itr mandatory for income below 2.5 lacs