Dear Sir/Mam
my brother has earned from april to september as a salary and then from september to march he has earned a commission based his own job (freelancing).
May i know is he eligible for 44 ada
please advice

Thanks with regards

Yogesh Nain
9899979745

X has two sources of Income

1. He is a Professional and earns Professional Income.
2. He earns brokerage Income, which is very snall.

X wants to opt Presumptive scheme but cannot file ITR 4S due to brokerage income.

Brokerage income amount as stated above,, is very small as compared to his Professional income.


QUERY

Can X file ITR 3 by showing his professional income under Presumptive Scheme in Section 44ADA and showing WHOLE AMOUNT of small brokerage ( THAT IS without claiming any expenses incurred in earning the brokerage) as INCOME FROM OTHER SOURCES.

I have short term capital gain of Rs 50000 on a SALE turnover of Rs 50 lakh
and intraday profit of Rs 110000 on a sale turnover of 10 lakh and a long term capital gain profit of Rs 40000
should i show this profit under the head capital gain
or as business income if shown as business income what books will i have to maintain

A person want to transfer money ( 60 Lakhs ) from his NRO account to his NRE account. for this purpose form 15 CB from Chartered Accountant required ?

the source of money is gift from father. father is tax payer and from his accumulated savings he deposited 60 Lakhs to his son NRO account. Son want to transfer to his NRE account . What are the points to be noticed ?

DEAR SIR,

NSC PURCHASE ON 10/04/2013 (5000*50)=665000/- THAT TIME I SHOWN IT UNDER INVESTMENT HEAD IN BALANCE SHEET . AFTER MATURITY I RECEIVED WITH INTEREST 1013158/- INTEREST AMOUNT OF RS. 348158/- .

WHAT IS THE ENTRY & WHERE I SHOW THE MATURITY AMOUNT PL & BS.

I would like to know whether we deduct the amount of donations if the date of contribution is within the Previous year before 31 March or is it till date of Filing return . please reply as soon as possible.

I have made many transactions in shares including intra day and short term. I am unable to calculate tax on these. Can you please provide a format or utility where I can calculate the tax on these transactions?

Respected experts
We did not include a credit note of sales return for march 18 in the gatr 1 of March 18.now I want to add it in March 18 so that credit ledger reflect correct balances in 2017-18 balance sheet. I don't want to carry forward this mistake in fy 2018-19.please suggest me in this regard

EXPERTS

INDIVIDUAL HAS 1) AGRI INCOME FOR RS 10 LAKHS/ANNUM
2) WINDMILL SALE OF POWER RS 12 LAKHS/ANNUM
BOTH ARE EXEMPTED SUPPLIES. NOW HE HAS COMMERCIAL RENT RECEIPTS RS 2 LAKHS PER ANNUM. GST APPLICABLE OR NOT ? AND REGISTRATION MANDATORY FOR INDIVIDUAL AS PER AGGREGATE TURNOVER?

REPLY PLEASE

Hello All. I have a query related to capital gain exemption. An assessee sold a residential house (long term) on 25/04/17 for Rs 30 lacs. On 12/05/2017 he also sold a plot (long term) for Rs 40 lacs. On 21/05/2017 he purchased a residential house amounted to Rs 70 lacs. As On 21/05/2017 he have no house in his own name. Can Assessee claim sec 54 and 54F exemption simultaneously if he fulfils the condition of both the sections.?