My client has started Travel agency business in the name of his mother and did all his transactions through current account. Payments received from the customers directly through UPI in this account and bookings (airticket booking both domestic and international) are also done from this account. How do i compute the taxable income of such business since i have only the bank transactions details. I need to make a file under Income Tax. I cannot opt for section 44AD since its an agency business. Shall i take registration under GST or else i will make the file as an individual and compute the taxable income . Please guide.

Items 1-5 is to be filled if Yes is selected in field Are you liable to maintain accounts as per Sec 44AA? in General Schedule- Audit Information Item 6 is to be filled if "No" is selected.

please guide on the hierarchy structure of Chairman, MD and CEO in a Company. Who is more powerful and what are their duties and powers?

I HV MISSED TO FILE ITR FOR FY 2020-21. CAN I FILE IT NOW. IS THERE ANY PENALTY OR FINE IS THERE.

PL GUIDE

I am computing income from house property. I am just confused regarding Municipal Taxes.

I have paid property tax and solid waste management tax to Municipality (Composite amt) and have also paid Urban Land Tax and Water Tax to Municipality for FY 21-22.

Can anyone let me know what tax to be considered while calculating Net Annual Value?

My client transferred money to his wife's bank account & some of his debtors also directly transfer the payment of his supply to his wife's bank account. His wife invested money in MF from the same bank account. My client filed ITR 4. Are all receipts from their wife's bank account clubbed with his business income? If yes then where does he show this clubbed income in ITR 4 by mentioning his wife's name, PAN, Adhaar no. etc. ? or does he naturally add this income with his income in ITR 4 without mentioning the name of his wife?

DEAR SIR

WE HAVE RECEIVED ASMT 10 GAT NOTICE ONLINE
BUT OPENED LATE BY US NOW WE NEED TO ADJOURNMENT OF DATE OF ONLINE REPLY
THANKS

sir,
A Gst registered jewellery business dealer bank charges and testing service charges(hall mark charges) and personal purchases rs:35510/- show in AIS INFORMATION in f.y.21-22
Question:
Assesee above mentioned rs:35510/- amount business expenses or goods purchases added or debited to capital account treated income tax purposes.

Hello Sir,
If HUF purchases any property on lease than what legal formalities it has to fulfill, is it same as of company. Do HUF has to pass any resolution or just authorization letter is sufficient to further deal .

whether GST under RCM payable by a company whether service receiver company turnover below 20 Lacs.