Dear Sir / Madam,

My query is as follows:

Miss A, a radio jockey, radio show maker & stage show anchor was a resident till FY 2022-23. So her professional income was shown u/s 44ADA till FY 2022-23.
Now during FY 2023-24, she has become NRI as she stayed in India for 77 days only. However, she earned around Rs. 450000/- as a professional income during FY 2023-24, and TDS is deducted.

Section 44ADA does not apply to NRI. So, can I show her income under Income from Other sources? instead of preparing Income & Expenditure and balance sheet? her bank statement runs 40-50 pages with small small transactions.

Kindly revert.

Thanking You,
Suraj

While making TDS payment i have selected assessment year 2024-25 instead of 2025-26, how to correct this mistake?

Can wife rebate on health insurance policy for self,wife and children under section 80 if the premium paid by husband
d.p.kapoor
9810600330

Dear All
In what situation GST RCM rule is applicable in case of GST registered party for following type of payments ?

(1) Commission claimed by unregister person or Pvt Ltd company
(2) Professional Fees claimed by unregister person or Pvt Ltd company

In above cases TDS rule applicable ?

Regards

S Mallick

Sir, can wife claim rebate on health insurance policy paid by husband for self ,wife and children.
D P Kapoor
9810600330

I have taken transfer from my ca firm for ca industrial training but due to some reason I couldn’t join that company and my 104form is also not submitted
So can i join back my old ca firm again for the remaining period

Can the proprietor of a firm pay GST (on rent of shop and quarterly sale) through his personal credit card?

I am trying to ON LINE fill ITR 2 under old regime
Income details as under
Salary. 11,00,000
Other income. 56000
Income from HP
A. Rent received 120000
B. maintenance 30%. = 40000
C. Interest on home loan. 358000
Net income from HP A-B-C= 278000
Capital gain 120000
B/F. Loss from HP 88000
In schedule CFL after computing set off is says total loss from HP as 278000+ 88000= 366000
However in schedule CYLA it shows loss from HP as 278000 of which 200000 is set off against income and 78000 is carried forward.
I feel CYLA should show losses as 366000 of which 200000 is set off against income and 166000 should get carried forwad.
Could you please confirm why previous years losses on HP are not getting added where as as per act it can get carried forward till 8 years

should i pay propery tax from sale deed date or occopancy certificate date

i am a purchaser the flat from the Builder ( i reside in Bangalore, the propetty is in Bangalore)

Purchased from builder directly

My Client is doing proprietary business of Construction Material whose Turnover are 20 lakh and profit is 5 lakh. He also get Salary from Private Company of Say 5 lakh. He also engaged in Equity trading in all Intraday, F&O, Short Term/Long Term. He is loss in this of Rs.20 lakh which i wish to carry forwards after any set off. As I need to prepare Balance Sheet and Profit loss for losses carry forward (otherwise 44AD can b filled), the question is, Which Assets and Liabilities shall be included in Balance sheet (All his Personal Assets and liabilities) or only for that which are related to his Construction or Equity Trading Business or Both. Can I show his construction Business in 44 AD & His Trading losses in Profit Loss separately. I m very confused as If detailed of his all Balance Sheet and Profit Loss need to be reported it a very risky proposition as we need to verify each and every minute details of his all assets and liabilities & clients may not be available with all such records handy and also in general clients dont ready to pay reasonable fees for such work. Also due date is very short for managing all clients as I file 1000 ITR within due date & many of my clients has such a situation which is just non manageable.