Hi dear
My one question
My Accountes cheque received 31march and bank clier 2april how adjustment entery because party accounts closed 31march and bank statement not equal to BOOKS statement
Please reply

Dear Sir,

While Filing ITR 2 we enter under CG Schedule under A2 sub-heading for short term gains of equity oriented mutual fund taxed at 15%.

Similarly under which sub-heading do we need to enter short term gains of debt mutual fund under CG Schedule taxed at applicable rates.
Do we need to use sub-heading A5 " From sale of assets other than A1 to A4" ??

This is with regard to Excel utility/Java utility.. Kindly advice

For filing of IT return for NRI,Jurisdiction of residence is not clear.The country of stay ie State of USA or USA is mentioned and system is rejecting the file stating that the Value US/USA is not valid.Will you pl guide me what is to be entered here

Wrong ITC taken In F.Y 2017-18 Form 3B which was not reversed in F.Y 2017-18 & F.Y 2018-19, Now in Annual Return how we represent it in Which Table and how we pay the tax amount.

Dear Sir,

Will the Income Tax Department treat all the funds deposited in the bank as a trust income?
or
will demand a profit and loss account from us.

Dear Sir,

I want to know penalty & fine of Non registration of running a charitable trust under section Income tax Act 12A


Thanks & Regards

I HAVE INSURANCE COMMISSION INCOME-RS.75,000. OTHER THAN LIFE INSURANCE CO.
AND I HAVE ALSO INSURANCE COMMISSION INCOME-RS.21,00,000 FROM L.I.C. WHETHER BOTH COMMISSION INCOME ARE TAXABLE UNDER GST ?

Dear Sir / Madam,

Mr A is having Rs. 90000/- loss from F&O (Turnover calculated Rs. 18.50 lakhs) and Gross Professional Receipts of Rs. 8 lakhs. His Net Professional (after expenses) income comes to Rs. 5.75 lakhs. His Net income % from Prof activities comes to 71.88%.

Whether:
1) Loss of F&O (90000/-) can be adjusted against professional income (5.75 lakhs)?
2) Is tax audit applicable as there is a loss from F&O?

Kindly guide
Suraj

By mistake I have wrongly entered the purchase value of Rs.125000/- in eligible ITC coloumn..
How to reverse it.?

HOW MUCH CASH SHOULD BE TAKEN AS A AGRICULTURE INCOME AS PER INCOME TAX FOR A.Y. 2019-20 ??