I am a Proprietor of a manufacturing unit. I have bought a Mediclaim Policy for me & family. Can I claim ITC of GST of the said policy.

Thanks & regards,

I am sole proprietor of two firms. Both are to be tax audited. GSTIN of both firms are different. After tax audit, how should I fill ITR 3 ? Whether combined figures of both firms are to be filled in ITR 3 i.e. in profit and loss account and Balance sheet ?

I am planning to take one insurance policy whereby I will pay premium for 10 years and insurance cover is there until 11 years from date of issue. From 12th year insurance cover stops but I will start getting deferred annuity for next 25 years and some lumpsum amount at the end of the policy. I want to know where the annuity is tax free under section 10(10D) or any other section or not? Thanks

Sir, I have filed belated return i.e ITR 3 for AY 2019-20.
Sir I made mistake in ITR .
Wheher, I will be allowed to revised the belated return

A is the owner of a land.
B is a protected Tenant in the land.
A is giving B on ownership basis and free of cost 52.5% share of the land. In lieu of the same B is surrendering his tenancy rights to A with respect to the Balance 47.5% of the land.
Are sections 50C and 50D of the IT Act applicable to A in the above transaction.

I am curious to understand what happens if only one partner remains in LLP. Rest all partners are retired for summer or the other reasons

Hi,
I am taking deduction in full 1.5 lakhs under section 80C.
I am also taking deduction of Rs 50,000 under section 80CCD(1b) which is additional contribution by individual in NPS.
I have query regarding deductions on NPS under section 80CCD (2).
Can deduction by employer for NPS up to 10% of Basic under section 80CCD(2) be over and above total deduction of 2 Lakhs as stated earlier ?

thanks.

Guys done everything but it says the xml schema is invalid. Please upload the xml in the correct schema. Downloaded latest itr4 downloaded netframe work.

Sir,

I want to know can i sell the product in cash which amounting RS 1.60lack.

DEAR SIR,

I HAVE ALMOST LESS THAN 2 CRORE CLIENTS. SO I NEED FILE GST ANNUAL RETURN OR NOT.

PLEASE CLARIFY ME WHAT HAPPENED WHETHER LESS 2 CRORE TURNOVER IF NOT FILED ANNUAL RETURN. I HAVE FILED THEIR INCOME TAX RETURN MATCHING WITH TURNOVER OF SALES AND PURCHASES. ONLY 2 CASES ARE FILED AS U/S 44AD BUT THEIR TURNOVER IS LESS THAN 2 CRORE IN THE FINANCIAL YEAR 2017-18 AND 2018-19.

REGARDS