Hi Experts,

If Father in Law gives Cash gift more than Rs. 50,000/- to his Daughter in Law, is it taxable for Daughter in Law? Whether clubbing of income concept may be attracted?

Waiting for your views.

Our company is registered under GST providing various services. Now we have added one more service of Ecomm business where we act as the operators. Now what shall be registration process and filing of return process in this case as we are already registered.

Respected Sir,
Kindest regards to you.
Please guide me and oblige.

Total Sales Rs 1,14,62,383
6% Net Profit will arrive as at Rs 687,643 under section 44-AD
Tax Liability will arrive as at Rs 52 Thousand approximately

As a matter of fact maximum profit will remain in between 3% to 4% and in such case if we choose tax audit for the assessment year 20-21 year ending March 20

whether we will have to remain in tax audit category for all the coming 5 years
whether for all the coming 5 we wont be able to come back again in 44-AD category

Govt Contractor has shown work done for FY 18-19 (As per 26AS) as sale in FY 19-20 (Both in 3B & GSTR1) amounting to Rs 50 lakh.

Annual return of 18-19 is still pending to be filed. 3B and R1 of Sept 2020 also pending.

What should be done now?

Dear Expert

We are manufacturer and received TRANSPORT services from RD and URD both.

Kindly advise what is the rate of GST to be payable by us with details.

I have income from physiotherapy (Tds deducted u/s 194J) and received income from stcg (AY 2020-21).which ITR should I file?Gross receipt is Rs. 203,452 and SBI mutual fund receipt is Rs. 9,000.

Any gst registration regular scheme dealer purchases of goods input credit claim is correct method below mentioned options.
1.dealer received invoices
2.gst site as per 2a
3.new option gst site as per 2b.

The government threshold limit increased 40 lacs limit.
Question:
This option new registered dealers or existing registrations dealers applicable in gst act.

Dear Experts
An Educational trust registered under 12A is running a school with receipts more than 1 crore. Tax audit applicable in addition to Form 10B?

If there is Speculation Loss of - 11 Lacs
other Business loss is - 4 lacs
Income from Other heads (HP, CP & OS) is 45 Lacs

will Tax Audit Applicable ?
As Income exceeds the maximum Amount not chargeable to Tax.