One assessee filed I.Tax return under 44AD for the year 2018-19 who is an interior designer by mistake under other contractor business.
Now i want to file I.Tax return u/s-44ADA for the fy-2019-20 under Architecture Service and declared more than 50% profit of total turnover.
It is possible or not??

Need to file u/s 44AD instead of 44ADA bec.only 1 year return was filed u/s 44AD and as per income tax rules minimum 5 year to be filed u/s 44AD!!

Clarify on priority basis

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Sir,
I have purchased a lorry on 01.07.2016 and sold it on 31.07.2019 with a profit of 3 Lakhs. No cenvat credit availed on purchase. Whether GST applicable on it? If yes, what is the GST rate ? On which amount GST is applicable?

Please clarify whether there is any restriction on the amount of gift given by NRI to his relative Indian Resident. I understand that under the LRS a resident can give gifts upto US $250000 in one F.Y. I want to know whether there is any such upper limit for NRis also, in India or USA.

Dear Sir

Kindly advise how to pay TCS for the following circumstances

1. On Invoice wise raised from 01-10-2020 onwards

2. Receipt wise received related before Oct-2020 onwards

Dear Sir,
A employee is doing job in two companies tds deducted u/s 192 also both companies are provided deduction of HRA,

Can he claim dual HRA if not
In calculation which company salary be taken....


Thanks
Nikhil

Dear Sir,

What is Seventh proviso to section 139(1)?? a salaried person amounting to Rs. 450000/- need to file 'Yes' or 'No' while filing IT Return. Please explain....

Hello Experts! My query is that one of my client doctors is an open clinic in a partnership firm. Is GST applicable to the Partnership clinic?

whether TCS u/s 206(1C) will be Levied on Basic value plus GST amount or only on the basic amount ???
any clarification regarding that issue???

I have IT company and I Have provide IT services on USA and UAE with GST export invoces. So my questions is , Is any TCS and TDS applicable from 1st oct 2020 on foreign remittance received from client. I have received 30lac in previous financial year and current financial year I have receive 25lac INR in foreign remittance.

Hi all, What is the basic exemption limit for Trust not registered under sec 12A ?

Donations and Contributions received from trustees only then under which head it was taxable, what expenses are allowed as deduction from these donations ?

Which ITR form is to be filed in the case above Trust not registered u/s 12A ?

Assume total Receipts not exceed 20 lakhs