Hai,

An assessee has opted presumptive taxation for his business. He also have capital gain. However ITR 4 is the form available for presumptive tax payers and it doesn't provide any option to show capital gin. If we change to normal scheme, then for the next 5 years, we cannot opt for presumptive taxation. So can you please suggest me what is the option available for presumptive tax payer to show capital gain also in their ITR.

Thanks

rent paid to senior citizen of Rs.500000/-p.a. tds deduct or not please provide with explanation.

RECENTLY I INCORPORATE A PRIVATE LIMITED COMPANY BUT THEIR BANK ACCOUNT IS NOT OPENED. DIRECTORS OF COMPANY HAVE URGENT NEED OF GST NO., SO HOW CAN I APPLY FOR GSTIN OF CO.
SHALL I UPLOAD THE BANK DETAILS OF ONE OF THE DIRECTORS OF THE COMPANY FOR GST REGISTRATION AND AFTER OPENING OF BANK ACCOUNT I'LL CHANGE THE BANK DETAILS?????

what is no due undertaking letter in gst refund process...the jurisdiction offices told me to furnish this.

Hello
I need suggestion here we give application for refund against export but department reject now we correct it and filed rfd01 again but system says you already filed rfd01 how can i get my refund back because department said without rfd01 again filed we cannot give you refund and there is no option of filing rfd01 again pls help

Hello friends,
Whether ITC is available on GST paid u/s 9(3) i.e. on supply of goods or services specified by govt u/s 9(3)
Second, what is the due date of payment
Third, ITC available in the same month in which GST is paid under reverse charge

Does section 234E applies to 194IA ?

Dear Expert

Can we do Income Tax Audit and VAT(Maharashtra) audit for the FY 2016-17
and can we file return for the same??

Thanks in Advance

Read more at: https://www.caclubindia.com/experts/gst-rate-on-sub-contract-work-from-main-contractor-2631209.asp

I used to file ITR 4S for my relative since previous in 4S there was no separate column to declare turnover from the profession, I used to declare consolidated turnover in a single column which was designated as turnover u/s 44AD and I used to declare 25 % profit on turnover

Now previous year, also I followed the same procedure, after which AO initially sent an email to me which stated that there is a disparency in my ITR as in 26AS TDS is deducted for professional fees but I have not declared any professional fees in ITR, after which I closely studied ITR 4 of 17-18 and realized that in the ITR form 4 17-18 there is a special column for Presumptive income under 44ADA (Profession) in which I had not filled in anything

Now I have got email notice u/s 143 1 a and I have been asked in e proceedings to submit my reply to the proposed addition of income by AO since as per 26AS 86000 were my Gross receipts from profession which I didn't mention in the column Also, it is expected that i should revise my return

my question is should I reduce receipts from Trading and add it in professional receipts which is actually more than 86000 (around 600000 lakhs) so what should I do

option 1
add 86000 as professional receipts, keep trading gross receipts unchanged at 24 lakhs

option 2

add 600000 as professional receipts, change trading gross receipts to 19 lakhs

option 3

visit officer (may involve risk as my case may be highlighted before him)

option 4
you suggest please if any other option