My lic jeevan dhara (old ) Table 096 deferred plan 20 years pension plan is maturing on july 2021 . How much pension can i commute ? What income tax do i have to pay on commuted pension ?. I am in highest income tax bracket . what is notional cash value ? Is notional cash value taxfree ?

Dear Sir,

One of my client has a salary income and loss on sale of shares in Futures and options. Is there any tax audit applicability for a person who does trading in Future and options or Derivatives and has incurred losses.

Please help me in this matter.

Regards,
Divyesh Jain

I am filing ITR3 for professional income. Under Schedule Part A - OI, Method of valuation of closing stock employed in the previous year is optional in case of professionals but it is still asking me to enter values for Raw Material and Finished goods. If I leave them blank it gives me validation error. How should I fix it?

Sir,
It business person
Crop loan from bank rs:3 lacs
Gold loan from bank rs:4 lacs received crop loan amount used for agriculture purpose and gold loan used for business purposes.
Question:
Assessess interest pay amount on gold loan and crop loans business expenses claim allowed in it act.

My husband had one tailor shop , he is a tailor , for loan bank manager ask him to fill it returns so what my question was under which itr should he need to fill and tailor is an business or profession ? What are all we need to do for filing itr 4 if in case ...

Dear All
My client has got the demand notice under Section 221 (1) for the FY 2006-07-08.
He has recieved these notices earlier in the year 2011 and 2016 as well however, previous auditor submitted the Form 16 both that times and did not care to determine the actual reasons for demand.
Now, when i am trying to download Form 26 As and intimation under section 143(1), i am not able to do so because of updations in income tax site.
Is there any way out from where i can download these to determine the actual reason fo demand.

Thanks in advance

Sir,
My client is commission agent to cholamandalam , hdfc and other financial institution.The bank is deducting TDS on commission and pay him.
Now the client want to take GST registration with a trade name xyz (sole proprietorship) firm.
Can he raise the GST invoice in the name of xyz co. to banks and show the service invoice in GSTR1 and file GSTR3b. Also he raise invoices to Direct customers for financial services.How the GST and income tax works.
PLESAE SUGGEST.

Is tds applicable on betterment charges ? Is tds applicable u/s which section on supervision charges?

When the application made for extension of AGM for 2021 through GNL1 for our company, the MCA has marked "MATTER REFERRED TO RD" . Pls guide what is the further procedure in this matter.

Any possibility to extend the GSTR-9 & 9C for the year 2020-21.Any experts please reply.