Hello
Our client had opted for presumptive taxation in last 2 years I.e As yr 2017-18 and 18-19 u/s 44ADA (ARCHITECT). Now if we want to opt out in this year I.e. As.yr 19-20, is it allowed and if yes then do we have go for compulsory Audit us. 44AB . Turnover is around 25 lacs.
Thanks

Where should i show intraday profit in itr 3 and how?

A person is holding unlisted shares purchased 30-40 years back of the companies which are now defunct/non existent. Hence PAN of the companies are not known. Please advise whether these shares needs to be reflected in ITR 2 ? If so, Is it OK to keep PAN Column BLANK or written NOT KNOWN.

Mr.A and Mr.B are joint holders of the property where in Mr.A is a Resident Indian and Mr.B is Non Resident as per Income Tax Act
Property is Purchased by Mr.X for Rs.70 Lakhs out of this Rs.42 Lakhs is to be paid to Mr.A and Rs.28 Lakhs is to be paid to Mr.B Non Resident.

Kindly guide me on deduction of TDS on the above transaction, let me know the rates of TDS and amount to be deducted
and
to my knowledge TDS on Resident is 1%
help me for Non resident TDS whether @ 20.8% or 22.88%

and how to do the TDS Compliances
for Resident have to file form 26QB
and for Non resident - TDS Return

or Both Under Qtrly TDS Return

DEAR SIR,

I HAVE TAKEN WRONG INPUT TAX CREDIT IN THE MONTH MARCH 2019. ACTUALLY THE BILL HAS GIVEN TO OTHER PARTY MY CLIENT HAS RECEIVED THE BILL MISTAKENLY. I HAVE CLAIMED ITC IN THE MONTH OF MARCH 2019. SO I CAN REVERSE THE ITC WRONGLY TAKEN IN THE MONTH OF 3B RETRUN OF MAY 2019. BECAUSE ITC CAN BE UTILIZE UP TO THE MONTH OF SEP 2019 OR BEFORE ANNUAL RETURN FILING.

REGARDS

I.t.assess

One date gift from father rs.170000 by cash
Another date gift from brother rs.150000 by cash.
Another date gift from father rs. 6 lacs by bank check

All gifts acceptable for one finicial year.

WE HAVE REPORTED TRANSACTIONS OF FRIGHT EXPENSES PAID TO PARTIES HAVING LESS THAN 10 GOODS CARRIAGE BY SELECTING "T" FOR TRANSPORTERS AND BY CREATING NIL CHALLAN IN TDS RETURN BUT NOW 26AS OF ABOVE MENTIONED PARTIES SHOWS "U"STATUS OF BOOKING WITH BLANK REMARKS COLUMN INSTEAD OF SHOWING "T".
SO,WHAT IS THE RESOLUTION FOR THIS?

My mother is a senior citizen. She has rent income and interest income. Is she liable to pay advance tax ?
Please advise.

Sir,
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.

GOOD EVENING TO ALL EXPERTS,
MY CLIENT IS TRANSPORTER. HE PURCHASE A MOTOR VEHICLE . IN THIS BILL BUS SUPPLIER ADD CESS . SIR CAN I CLAIM REFUND OF THESE CESS. BECAUSE IN MY SERVICE
( RENTING OF MOTOR VEHICLE ) NO ROLE OF CESS. KINDLY REPLY