Please advise me on the restrictions if any if I have to remit some
amount in the saving account in India of an NRI and applicability of tax.

My father expired in February 2017. I want to surrender his PAN.
I had not filed father return of AY 2017-18.
Can AO question about non filing of return ?

Sir,

I have taken home loan in 2019 for construction of my own house for self occupied.
I have paid principal amount 28349 and interest 81791,total-110140.
Now in FY 2019-20 of Income tax can i claim both under 80C and sec24.or i have to claim after completion of my construction.
Please suggest.

A client withdraws cash from his credit card and deposits this in his savings account. Uses this amount to meet personal expenses and also credit cards payments.

How to report this transaction in income tax returns? Will the deposit in savings account be taxed?

My client during the FY 19-20 has made export sales for Rs.50.00 lakhs ( CAD DOLLERS ) and received Rs.52.00 lakhs ( CAD DOLLERS ) The excess received will be added to Export Sales while calculating gross receipts u/s 44AD or offered income as dollers fluctuation.

Toggle navigation Home Experts GST Dishtv recharge sale & dth service distributor Adhunik Enterprises 29 July 2020 Dear sir I'm working as a dish TV distributor in up. Recharge sale and service. I purchased @100000 lake paid company and company give (100000 lake + 5000 commission) total 105000 recharge amount in my lapu . then i sale recharge small retailer give me @1000 and I give retailer @1035 recharge amount with @35 commission. So my in Hand commission @15 So totally month recharge order @300000 lake recharge and get 315000 after sale my hand commission 4500 And service total monthly installation service company give around 35000 aprox . and I paid aprox @24000 3 service engineer (each 8000) so in hand money 11000 to service. So my question is my get return file nill or get paid . And second question is. Income text return deduct tds refund applicable or not. I'm waiting your answer.....thx u sir

Dear sir
I'm working as a dish TV distributor in up. Recharge sale and service. I purchased @100000 lake paid company and company give (100000 lake + 5000 commission) total 105000 recharge amount in my lapu . then i sale recharge small retailer give me @1000 and I give retailer @1035 recharge amount with @35 commission. So my in Hand commission @15
So totally month recharge order @300000 lake recharge and get 315000 after sale my hand commission 4500
And service total monthly installation service company give around 35000 aprox . and I paid aprox @24000
3 service engineer (each 8000) so in hand money 11000 to service.

So my question is my get return file nill or get paid .

And second question is.
Income text return deduct tds refund applicable or not.

I'm waiting your answer.....thx u sir

Need help for Unregistered trust u/s 12AA which has PAN of Trust (4th letter is T)
1.whether we can ask AO to assess the income as a AOP if we have filled ITR 7 for the AY 2015-16 in the rectification ?

2. If yes in above answer then whether we can claim expenses even if not claimed in ITR 7?

Dear sir please give the reference of section or judgement if available. Thanks

Can chartered accountant do commission agent business along with practice ( commission based on number of products sold).invoice of products is issued in name of principal and not in name of agent

Hello Everyone,

I have a query regarding Non compete fees received by employees. There can be two possibilities for the said income.
(1) Non-Compete fees received by the employee during the tenure of employment itself (for not joining anywhere else after retires or resigns)
(2) Non compete fees received by the employee at the time of retirement

I believe that in the first case amount received is revenue receipt as it is received during the period of employment itself. While in the second case, it is a capital receipt. But I am not sure about this.
Can anyone help to remove this confusion?
Thanks in Advance!