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Jiwan singh
21 July 2019 at 17:27

Itr form for pension & rent from car

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


harshit darji
21 July 2019 at 17:22

Income tax on 194d

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


shyam prasad

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


Ganesh Jambhale
21 July 2019 at 17:00

Income tax return

If person have salary income and commission income both then which return should be filed?


Abhishek Jain
21 July 2019 at 16:32

Sec 44ada

Hello ,

Someone belong to sec 44ADA Professional like chartered account and his income for F.Y. 2018-19 RS 24,00,000 . if he opted normal taxation and maintain books of account and filling return under ITR - 3 , So Whether Still he required to get audit of accounts ?


praneet
21 July 2019 at 16:26

Gst

n the financial year 2017-2018 and the month of september2017 , I upload a invoice serial no is 1 to the gst portal but by mistake i tick the supply under reverse charge in the gstr1. the supply is made to the registered person. the 3B RETURN of this month is filed correctly. the amount of invoice is also very large, the tax on this invoice is 350000. the recepient take the credit also in gstr 3B , so what can i do ? both the party not filed there annual return till now.


Akshay Shah
21 July 2019 at 15:02

Tax audit under section 44ab

I did some intraday equity trading, F&O intraday trading and F&O delivery trading. The intraday turnover is Rs.13860.40 and realised profit is Rs.9101.50.
The combined F&O turnover (scipwise calculation) is Rs. 186143.75 and combined realised profit is -34982.50 (LOSS).

Do I have to get tax audit under section 44ab since my profit is less than 6% of the turnover (since it is loss)?


CA HAYEDAR SHAIKH
21 July 2019 at 15:00

Relief u/s. 90

Dear Sir,
One of my client has earned salary income for 2 months in USA. He has also paid tax on it.
My query is that -
Whether he is allowed to claim relief in respect of all the taxes paid in USA like Fedral Income Tax, Social Security tax, Medicare tax or only Fedral Income Tax?
Please clarify the same.

Thanking you,
Regards
Hayedar Shaikh



CA HAYEDAR SHAIKH
21 July 2019 at 14:57

Relief u/s. 90

Dear Sir,

One of my client has earned salary income for 2 months in USA. He has also paid tax on it.

My query is that -

Whether he is allowed to claim relief in respect of all the taxes paid in USA like Fedral Income Tax, Social Security tax, Medicare tax or only Fedral Income Tax?

Please clarify the same.

Thanking you,

Regards

Hayedar Shaikh


Kamal

Can a Housing Deed be entered with Retrospective Effect and can HRA be claimed on the same for the retrospective period ?

For Example :

The Tenant enters into a contract with the Land lord on Jan 2019 stating that the the lease has been executed from the period of April 1st 2018 for a period of 11 months, for a monthly rent of RS.9,000.

Can he claim HRA Deduction for the same from April 2018 or Jan 2019 ?







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