Dear Sir,

Can a person claim deduction U/S 54 on the sale of two seperate residential properties and also investing the entire sale proceeds in two different residential properties in a single assessment year?

Thanks for your respone

A person not working in the F.Y 2021-22 A.Y 2022-23, But he withdrawn the PF amout. They have deducted TDS for this withdrawn.

How can show this as income and get refund this tax deducted amount.

How speculative business income/loss have to shown in ITR? One of my clients has intraday trading and he incurred 95149 loss from it, however his sell value is 10,09,33,732 and 10,10,13,984 is cost of acquisition . so what values should i consider in ITR? and they have given speculation turnover also, i.e., Rs.3,07,865/- I know it will be treated under INCOME FROM PGBP? However I don't know whether under 44ad or not? And what value should I consider and under which section I have to shown this loss?

The assessee had no revenue for the FY 2021-22, but had some fixed expenses of business. There also TDS against FD and debtors for previous financial years . My question is does he has to file his income tax return with business loss without audit before 31st July 2022 or with audit after 31st July 2022.

Please suggest and thanks...

Sir,

One of my friend is a BHMS doctor received income of Rs. 3,30,618/- from Medical college as salary or professional fees he did not know because the college did not issue form 16 then he asked what they treat that exp they told as salary. HE also doing part time his clinic earned approximate Rs. 70080/- and during the fY 2021-22 he also received agriculture income of Rs. 50000/-

Kindly suggest which ITR Return he can file and also treatment of Rs. 330618/- as salary or professional fees

Thanks & Regards

Hi, 

I was employed till 2020 and was filing ITR 1. Now I am a full-time entrepreneur and have income from my venture and interest income. I have not maintained books of Account so far.

1. Which ITR should I file from the current year onwards? ITR 3 or 4?

2. Should I maintain books of account from the Current year onwards? If Yes, then can I include all the previous assets (stridhan etc)? Will that  have any impact?

Request for a prompt response, since we are left with just 3 days for ITR Filing. 

Thanks.

DEAR SIR PLEASE HELP ME BY PROVIDING FORMAT FOR PREPARING BALANCE SHEET FOR HUF AC and Profit & Loss Statement

Sir , I am facing problem while filing ITR-4 return regarding Office/ Residential Phone no, but i have no such no is there, so what to do ?

Dear Sir/MADAM,

We want to convert Our LLP in to Private Limited Company .
As per LLP Agreements , We have transferred Losses for Previous 3 years To partners Fluctuating Capital .
But now We want To Transfer That Losses For Previous years To Reserve and Surplus from Partners Fluctuating Capital .

Can We give this Accounting Treatment Retrospective By Modifying LLP Agreement In Dated Fy 2021-22 ?

Request For Expert View Asap With Relevant Provisions For The same .

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