Dear All,
If the total rent from residential building is exceeds 20 lakhs per year shell the owner get registered under gst and to issue Rent invoice every month with gst component and submit returns every month. Please kindly advice in this regard,
Thanks in advance,
K.B.Nagesha rao

Sir

One of my friend, who is an employee, has filed ITR 1 last year ( FY 20 -21 ). Her source of income is salary alone. Her total salary for the year 21 - 22 is Rs. 576000/- She wants to file ITR 1 for this year ( 21 - 22 ). But, after selecting the ITR 1 in the selection menu in the IT portal, it is asking for the reason for filing the return. but non of the selection buttons are accessible and the band "Continue" in the lower right corner of the screen is also disabled. She has been trying to file return for the past 10 days. But same problem. Is this a technical issue in the IT portal ? What shall we do to get rid of this issue ?

Please advice.

Dear Sir,

One of my client's father expired in FY 2021-22 and his father's bank fd matured in the same year. Hence his son withdrew the amount from bank in cash and deposited this cash in his own bank account.

Now his son's AIS report shows a Cash deposit of Rs. 10 lacs which is not his income but only the amount withdrawn from his father's account. His mother is also no more.

What should be done in this case. Can this amount be not shown while filing income tax return.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Sir,

I am filling ITR4 mu income is boutique Rs.152000 and tution fees Rs.123800.When I file under 44AD business Need to mention total turnover or gross receipts I file boutique income Rs.152000 after profit 6% and 8% need to declare or show full amount 152000 please suggest or can I file under profession

A individual is showing his income u/s 44ADA but his nature of business is to paints the houses on daily basis or sometimes on contract .But Due to showing nature of business as interior decorator in his MSME certificate because of this his business is shown u/s 44ADA but now can we change his income to u/s 44AD under other services code.

I had completed 1 year of articleship with a CA and then took transfer from there with a extension of 90 days.Now i am about to complete my total articleship period of 3 years.In the last two years i have taken 10 holidays in total with a different CA.Do i now still require to serve for the extension period? And if yes with which CA?

Sir,
For Charitable Trust, we want to know what is due date of filling audit report Form 10B. Whether uploading date is considered audit report submitted date or not. Whether there is any circular or notification is available, please give detail.


Thanks

MY CLIENT PURCHASED A FLAT IN FY 2020-21 BUT THE POSSESION WAS TAKEN IN AUGUST 2021. BUT NO REGISTRY HAS BEEN MADE TILL DATE. CAN I TAKE ONE FIFTH OF PRE EMI INTEREST IN FY 2021-22 AS THE POSSESION HAS BEEN TAKEN AND REST 100% OF INTEREST PAID HLOAN AFTER DATE OF POSSESION.


PL GUIDE

Sir,
My taxable income is 8 lac but I received 55 lac as nominee after death of my relative from bank, which I believe should be declared under Exempt Income as inheritance.
Under this circumstance, should I fill ITR 1 or ITR 2.

Appreciate your response.

Regard

Conversion of ECB, including those which are matured but unpaid, into equity is permitted subject to fulfilling certain conditions.

However I wanted to understand whether the same would be permissible under the companies act 2013 ? Companies act basically does not permit conversion of loan into equity unless there is a resolution is passed which has a provision to convert loan into equity.

Pls guide
Hemant