If one has income from both normal business profit >8% of T/O and also F&O profit >6% of T/O. How to show them in ITR3 under presumptive income. Also note the normal business is under composition scheme of GST. Also what is to be selected for Trade name in case of F&O trade.

I am working in a private company and can claim 1200 under CEA.
My wife is working in Delhi government and is entitled to claim tuition fee reimbursement of 27,000 (total tuition fee of 45,000) under CEA.

Can we both claim CEA for same child? I am in private claim 1200 per year and my wife working in Delhi government can claim 27000? (total tuition fee paid is 45,000 for year)

An assessee is an NRI seafarer, but his salary is received from an Indian company and the TDS is being deducted, My query is whether his income will be taxable in India or can we show it as Exempt and claim refund

how ever inadvertently 10B of fy 19-20 and 20-21 not filed demand is raised in portal now whether i can file 10B ?

WHETHER 12a OF 19-20 CAN BE UPDATED AFTER RAISING OF DEMAND ?


WHETHER IN CASE OF LOSS TRUST IS REQUIRED TO FILE A RETURN ?
WHETHER 12 a IS REQUIRED IN LOSS

Respected Sir,
I need monthly basis GSTR 3b v/s 2B reconciliation format and expert reconciliation video. How can I Take ITC credit and RCM Credit.for preparing GSTR3b return.

Regards
Pradeep Singh Parmar

Hi,

i am working in a education group since Jan 2018 (4 year and 7 months) employer give unnecessary pressure on me, full work load and lower staff policy they are following. now i want quit my job after serving one month notice. if i resigned from my job from 1st Aug. then i will relieve till 31st Aug and my total service will be 4 year and 8 months.
Now my question is that gratuity applicable in that case or not. if not then why?

Whether a nutritionist who is not a doctor but has some diploma or certificate is taxable under 44ADA or 44AD?
Can he be covered under medical professionals since he teach the clients how to care themselves not to become ill person?

Sir,
My age is 27 ,
I did my CPT in 2013 and cleared it in 1 st attempt ,after which fate turned very badly ,I have been suffering from mental illness and depression , I am still working on it ,
Please suggest me about my career , I have not done any job till now ,How ever I did my MBA (avg grade)
Can I continue doing CA inter (conversion done),now without doing any job ,How will be my career if I try to study from now ?

Hello Guys,

I have a doubt regarding F&O, how the future and options are taxable, I know how to calculate turnover for Futures and for Options (in options premium will also include with profit and Absolute lose). if it exceeds 10cr, then it is eligible for audit, if not, it is not eligible.

For instance: The buy value  of futures is 3,94,78,169 and sell value is 3,96,20,722 and the profit made was 1,42,555 and the turnover is 3,97,975(i.e 1,42,555+|270264| (loss))  

However, the ambiguity rises here. I calculate turnover of futures, it is 3,97,975. so in ITR form which value shall i consider whether turnover or sell value (i.e 3,96,20,722) .

if anyone knows about this, could you please explain briefly?

Thank you

suppose income of 19-20 is 500000

Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21

Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.

Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21