Sir,

Can i show tailoring income in ITR 1 in head of "income from other sources" and what to show in description because I am salaried employee and earn from tailoring work in part time

One individual registered under GST in india is exporting services to Foreign Country but payment is being received in indian currency. How to raise invoice in this case...? Is it export of services...?

Sir
I appoint as Consultant on Contract basis after retirement in Delhi Transport Corporation(Govt. of NCT of Delhi) on monthly basis for a period of One year. My yearly income for the year 2018-19 is Rs.300000/-. My employer deducted TDS @ 10% i.e 30000/- in under section 194J. Please advise me I eligible for rebate/exemption income in under section 44ADA as professional. Please also clarify how much amount shown in Income Tax Return.

Thanks

Dharam Pal
Consultant A.I. in DTC

Dear All

What is the reason for showing remark ‘Not Submitted’ in GSTR-2A under B2B against transaction of column heading ‘Counter Party Return status’ , when supplier FILED GSTR-01 ( as per supplier return submission details of GST portal) properly ?

Regards

A INDIAN CITIZEN WORKED abroad for the following previous years as follows
2013-14 315 days worked abroad and 50 days stay in India and similarly
2014-15 315 abroad 50 in India
2015-16 309 abroad and 56 in India
2016-17 343 abroad and 22 in India
2017-18 273 abroad and 92 in India
2018-19 211 abroad and 154 in India
April 1st 2019- till date(2020) 72 abroad 36 in India up to July 19th
SO my question is for current previous year that is 2019-20 with the no of days stay in abroad and in Stay in India in the previous
4 years sufficient to maintain NRI status for 2019-20?
Please i request experts to reply on the issue

I took a loan in year 1 for a home which was under construction. The construction completed in year 3. As soon as construction was completed, I shifted to this property ( self-occupied )

The interest paid in year 3 was Rs 3,00,000, in year 4 it was Rs 2,00,000 and in year 5 it was Rs 1,50,000 . I claimed deduction of Rs 2,00,000 in year 3 as well as year 4. There was no scope for claiming deduction of the interest paid during construction period ( i.e Year 1 and Year 2 ) in year 3 and year 4

Now, when the interest paid during the year 5 is less than Rs 2,00,000, I will be claiming deduction of interest paid during the construction period ( i.e. Year 1 and Year 2 ) in year 5

My questions

1) Can I deduct the interest paid during the construction period ( i.e. year 1 and 2 ) starting from year 5 to year 9 in five equal installments or Do I need to claim the interest paid during the construction period ( i.e. year 1 and 2 ) from year 3 to year 7 in five equal installments. { construction was completed in year 3 }

2) In the year 3 ( the year when the construction was completed ) I paid an interest of Rs 3,00,000 while I was able to deduct only Rs 2,00,000. Is it possible to carry forward the loss of Rs 1,00,000 to the next year for a self occupied property.

Dear Sir,

Need to that if I am working in Singapore as a contract worker from 28th Aug 2018 and have spent 190 days in the last FY. How will my salary I earned at Singapore be taxed.

Dear sir,
While claiming 80C deduction,is RD with Post office eligible for deduction? In Pass book, it is shown as five year period and mode of instalment is monthly

My company had purchased a machine from China, due to non performance we complained to the machine manufacturer, he has sent replacement parts for the machine for free, we have paid import duty for the free replacement parts received, but we are in dilemma how to show this transaction in books ? how to account for replacement part and where to show import duty paid ?

Matured amount of Life Insurance Policy received is Rs 7 lakhs. LIC deducted 1% TDS under sec 194DA. How much amount is to be included in taxable income - maturity amount of 7 lakhs or Rs 7 lakhs minus total premiums paid over the years, i.e Net surplus received after adjusting premiums paid? Please advise.