For PY 20-21 I have filed ITR 4 .
But next year I have short term capital gain .
So for PY 21-22 I won't be able to file ITR 4 .
IF I file ITR 3 or 2 for PY21-22 do I have to do tax audit because I am opting out of presumptive taxation only because I can't show capital gain in ITR 4 ?

I paid self-assessment tax amounting to Rs.17760 through SBI Net Banking. I got Tax Payer Counterfoil generated through net banking. The Challan details were submitted in ITR Form at the time of ITR submission. But IT cell did not allow the credit. Reason mentioned by IT department: Challan for this AY is not available and raised Demand Notice for Rs 17760.
In IT Portal- I will disagree the demand. On selecting Disagree- there many reasons. Out of these,
Two reasons are:
1. Demand paid and challan has CIN ( without open challan details)
1. Demand paid and challan has CIN ( without open challan details
Which one I have to select. What is the difference between without open challan details and without open challan details. Please provide me the details.
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Read more at: https://www.caclubindia.com/experts/ask_query.asp

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Hi,

I am salaried individual who deal in Options trading. Turnover is below 50lac and losses of 1lac Pls let me know how to prepare BS and P&L statement.

Where to include turnover in BS? How to calculate TO in Options as sale price+premium is turnover. What needs to be mentioned in asset?

Sir,
A person maintained two hospitals two different places.
Question:
Assessess 1st or 2nd any one hospital transferred to family members or rented to family members benefit in it act.

I have a query related to taxation.

I have opened a new joint bank account with my brother.

I am the primary holder and my brother is the secondary holder.

I'm currently not doing any full time job, my brother is doing it.

He is doing full time job in bangalore but also on his name I'm working as a freelancer(Recently started).

Since my brother(secondary holder) is working as a full time job he has been filing ITR for the past few years.

Now, the question raised by my brother is who should pay the taxes on the freelancing income?

Since I'm working as a freelancer using my brother name and the amount is getting credited on his name, can I file the ITR on my name?

I've heard that by default primary holder is liable to pay the taxes.

My brother doesn't want to include that income in his ITR because it might change his tax slab.

It would be very helpful if you could put some light on this.

Sir,
Assessess rental income from commercial property received.
Question:
Rental income is show under house property or business income or other sources head treatment in it act.

we have submitted ITR for a company without attaching DSC, and everified by aadhar OTP. what are the consequenses regading this? Do we need to file revised ITR by attaching DSC or can we can ignore?

Hi All

Bill from CHA(Custom house agent) include service charges + reimbursement of Govt. Dues (ie. warehouse charges and others) . Whether TDS is to be deducted on whole amount or only service charges of CHA? under which section it will be applicable? 194C or 194J

Thanks in advance.

As goods purchased from supplier on that tds under 194q applicable but freight is disclosed in invoice as per accounting freight is included in cost goods but freight disclosed seperately then tds under 194q to be deducted on total of value including freight ????

TCS to be deposited under section 206 C after deducting Rs. 50 Lakh or Total Amount. Please Reply.