New business codes

@ Rishi....... ITR1, but its not salary......... its side income or other income under Schedule OS. No need of balance sheet.

sir, in this case can i mention near about 2 lac 80 thousand income under ifos?

Well, that is usual practice tax professionals adopt with their experience...... I don't suggest anything here; because in case of doubt, the assessee is interrogated  or questioned about its ability for the earnings.

OK SIR, THANKS FOR UR SUGGESTION.

SIR, CAR HIRE INCOME FOR INDIVIDUAL UNDER BUSINESS CODE 11008,   OR   11015  ?

'11003'   

SIR, GOVT. EMPLOYEE'S DEDUCTION UNDER CHAPTER VI-A IS,

    NPS, G.I.S.,TUITION FEE, AND PPF TOTAL= 206454

         IN MY KNOWLEDGE, DEDUCTION SHOULD BE  RS. 150000

BUT FORM 16A (MADE BY EDUCATION DEPARTMENT) SHOWING RS. 200000,

PLZ CLEAR IT.

HELLO SIR MERA BOOK BINDING KA KAM HAI YAHN HUM PUBLISHARS KI BOOKS KI BINDING KATERE HAI NATURE OF BUSINESS ME KUNSA CODE CHOSE KARNA CHAHIYE PLZ SIR HELP ME 

@ Zubair Khan ........ Use    '04097'

@ Rishi....... Yes, including contribution in NPS (additional Rs. 50000/- u/s. 80ccd) comes to 2 lakhs.

THANKS SIR, I DIDN'T KNOW ABOUT NPS DEDUCTION....

R/ SIR,  A SIMPLE "MILK DIARY" BALANCE SHEET,  BANK CLOSING BALANCE IS RS. 822000, THEREFORE CASH IN HAND IS IN NEGETIVE ABOUT RS. -691417.  

actually, SIR RS. 7 LAC GOT BY HIS MOM'S COUSIN SISTER THROUGH RTGS AS A GIFT, SAID RTGS  PERFORM THROUGH MOM COUSIN SISTER'S SON.

CAN I SHOW THIS 7 LAC AMOUNT IN CAPITAL AS A GIFT?

Hello Sir,

One of my client having income from salary, capital gain and othr sources. Alongwith this income, he also have profit of Rs. 1080 from Intraday share activity.

Please suggest me how to show intraday profit? under Speculative income? 

Thnaks