Hi,

For AY 2019-20, which ITR should be file for Income from Commission from Life Insurance Agency where commission Income is more than Rs.60000/- ?
Presumptive Taxation is applicable ?

Please guide me asap

Sir/madam,
if Loss of business of LLP unable to carry forward because ITR filed after due date....then in filing of ROC returns of LLP that loss of business which has unable to carry forward is shown in profit and loss or not in ROC return???

Respected Experts
Regards

I have heard as follows :

If the return is filed u/s 44-AD INTT U/S 234-(A+B+C) will not be levied.

IS IT TRUE SIRS ?

A resident Sr Citizen has income only from pension and interest from bank fd and savings bank account.
He has no other source of income excepting a very small amount of LTCG from redemption of ELSS units invested more than 3 years ago to save tax. This small amount is not subjected to tax as it is much below the thresh hold of Rs.1 lakh beyond which LTCG is to be taxed.
Can he efile return in ITR1 or has to use much more complicated ITR2?

Dear Sir,
Itr- 4/tax detail tab./Sch TDS 2(i) / other than salary/Column -7 (Gross Amount)------------- Which amount should be filled in this column no-7 as gross amount ------ amount of TDS deducted or the original interest amount on which TDS is deducted.
regards.

PROFESSION TAX (PTEC) OF RS 2500 WHETHER SHALL BE TREATED AS DRAWING OR EXPENSES AND WHETHER SHALL BE DEDUCTED FORM INCOME IN COMPUTATION OF INCOME

Hi ,
If there are 2 directors in a pvt ltd co. They get their salaries from the company, now who takes the net profit after tax from the company . Do the directors who are the only shareholders of that company take out that profit.
Thanks.

SIR, MY CLINT (SENIOR CITIZEN) HAS PENSION INCOME AND RENT FROM CAR , WHICH ITR FORM TO BE FILLED ?

Earlier in 2016-17, i earned 270000 as commission income and tax deducted us 194d. and i shown inincome from business and profession.
and in 2017-18. i earned 150000 as commission income and tax deducted us 194d and i shown in other sources ..and i got refund also.
now quiestion is in 18-19 i also earned 70500 as commission income and 230000 business from stationary shop. so where to shoe both income. which head i have to select for proper return filling

Hi Experts,
Can you please clarify where to mention income from the sale of agricultural land in a rural area in ITR2. Do we need to mention in ITR? if yes where exactly I can keep this information? Should in keep in Schedule EI if yes how to consider income? is it CII value of sale - purchase?

Thanks,
Shyam