Sir,
I got Rs 1,86,91,575/- in sub contractor income. now want to know its income are audit compulsory. And In which ITR (3 or 4) i have to file?

Hi, In case of F&O, if there is 15 lakh profit and 20 lakh loss, I understand the total turnover is taken 35 lakhs. This as per my understanding will be considered non speculative business income. How do I show this in the P&L schedule of ITR 3 while filing the income tax return. Kindly suggest. Thanks

RESPECTED SIRS
THANKFULLY WE ACKNOWLEDGE THE REPLY OF MY QUERRY WHICH IS NOT AS PER MY QUERRY RAISED IN MY MAIL UNDER REFERENCE NOW GIVE POINT TO POINT REPLY FOR MY QUERRIES WITHOUT SKIPPING OBJECT OF THE PROBLEM. PLEASE READ AND GO THROUGH THE CONTENT OF MY QUESTIONS.

1. WE ARE THE MANUFACTURERS OF UNMANUFACTURED TOBACCO FALLING UNDER CH. 24011090 ALSO IN FOURTH SCHEDULE, SO THEREFORE WE HAVE TO FILE ER1 RETURN AS PER THE ALERT AND GUIDELINES GIVEN BY YOUR ALERTS AFTER THE INCEPTION OF THE GST. AS THIS PRODUCT ALSO ATTRACTS 14% +14% GST PLUS 71 % COMPENSATION CESS. NOW CLARIFY HOW AND WHERE TO FILE RETURNS BY KEEPING IN MIND OF PUTTING ALERT ON ACES PORTAL AFTER GST. THESE PRODUCTS STILL COVERED UNDER CENTRAL EXCISE ?

PLEASE ALSO FIND SCREENSHORTS OF YOUR CRYSTAL CLEAR ALERT AND OTHER ALERTS?

AS SUCH WE HAVE FILED ER1 RETURNS W.E.F 01/07/2017 TO 31/03/2019 ON YOUR ACES MODULES JUST TO OBEY YOUR ALERTS AND GUIDELINES AND MAKING PAYMENT OF 71 % CESS ON EASIET EXCISE MODULES ON ACES PORTAL TILL DATE,

NOW WHAT WE HAVE TO DO ? TO CONTINUE TO FILE OR MAKE PAYMENTS ON EXCISE PORTAL ON CBIEC.GST OR GST SEPARATELY AND REFLECTING BOTH IN EXCISE AS WELL AS GST PORTAL ?
PLEASE LOOK INTO THIS MATTER AND ADVISE US ACCORDINGLY AND CLARIFY THE ABOVE QUERRIES.
YOURS FAITHFULLY

My late father had purchased 6000Sq.ft land in the year 1940 at Rs. 2,000/- and a built a house for which he spent around Rs. 10,000/-. After he passed away I became entitled to 1/4 share. The property was handed over to a developer and he has built 6 flats. He has retained 2 flats and out of the remaining 4 flats, I get one flat. The remaining 3 flats are for my sister and brother. The developer has sold one of the two flats for a sum of Rs. 2.5 crores. If I sell my flat immediately at the same price, what will be the short term capital gains tax I will have to pay? If I sell it after 2 years, what will be the long term capital gains tax I will have to pay? I shall occupy the flat for 2 years or rent it out if I sell it after 2 years. I do not have any other flat or house at present.
K.A.N. Iyer

Dear Personnel,

I want to inquire about the checklist one should examine while doing a statutory audit. Can someone please highlight the broad areas in respect of which one should be performed their activities.

Thanks in advance.

I filed a nil GSTR 3b but paid the tax liability for the respective month. Now where should i mention the missed data of GSTR 3B in GSTR 9c.

Hi All,
I am a Indian Resident from Delhi and I have started working for a Singapore based company which donot have office in India. They have issued me an Job offer letter to work from India and they will pay me salary in USD per month in my saving account. What will be the tax implication, how to pay it and will it come under FEMA act? Do I have to submit copy of offer letter to bank also?
Please share your views. Thanks in Advance.
Nitin

I am a retired professional having some income from profession. I have some LTCG and STCG from debt mutual funds. The form is rather confusing.

1) Where does one fill in Section CG Long Term Capital Gains from Debt Mutual Funds held for over three years as indexation is applicable?
2) Where does one fill in Section CG Short Term Capital Gains from Debt Mutual Funds subject to tax at applicable rates?

A clear indication of the item, column, the row will be highly appreciated including the location in CYLA_BYLA also.

a person having income from section 44AD business and he is required file ITR 3. in the balance sheet we should enter data in no account case because we are not maintaining books. so we should enter data in 61 right? what is the difference between 61 and 64? need help regarding this.

Friend, I am comming accross mismatch in ITC. Maximum bills were not entered by the parties as a result it is showing I have claimed more ITC. Please suggest me how to file GSTR9