Sir
Agriculture land was converted into commercial property
And sold
So it will be taxable under capital gain or business income

If it is capital gain ,exemption will be available under sec 54f for purchase/construction of residential property

Hello Friend

I have tried to validate the 24Q4 retrun through 3.3 rpu utility, but due to below error unable to validate the same.

Line No Record Type Statement Type Field Name Challan Details Record Number Deductee/ Salary Detail No. Error Code & Description
1 File Header NA NA - - T-FV-1039 Consolidated Hash does not match.

Kindly help me .
Regards
Prasad Moghe

Sir
I got a Notice u/s 139(9) of income tax Act 1961,Error Code 332 the letter description "Tax Payer has claimed gross receipt of income under the head "Profit and gain of business more than Rs.1 crore,however he has not filled balance sheet and profit and loss account and has not got the books of account audited. So my Question is that as an individual his turnover cross 1 Crore but profit shown in the return above 8% then there was not required to submit file audited,but Income tax department wants to get audit copy U/S 44AB, is it correct? if there is any other to came out this problem Please help me, and i wants to say that there is option if turn over exceed Rs.1 Corer and he show profit above 8% then it was not required to audited, and from starting of his filing, return file did not required to audited as per turn over limit, So, why Income tax department wants file audited,
Please........
Please........
Please........
Please......
Help me

sir/Mam,

I am filing refund RFD01, kindly help how to caculate adjust total turnover
Example
Export Sales 27
Inter State Sales 30(including tax)

Input Tax 18 Thousand
Less: 5 Thousand Tax adjusted in interstate sales
Total Input Tax 13 available

How to calculate adjusted turnover and how much amount refund to claim explain as per above example

Thanking you

A minor get interest income from the Investment. Such investment was made from the Money received from the Mediclaim amount received due to accidental death of his father. Such interest income needs to club with the income of Guardian who is taking care and has invested such money in the name of minor?

how do accounting entry for subvention bill given by bajaj finance to dealer

Hi all, my quarry is while filling ADT -1 what is the date of Appointment to be filled in case of Appointment of Auditor due to the casual vacancy arises by resignation of previous auditor and New auditor is appointed by board at the board meeting on 26/10/2019 and approved by the members at the EGM on 29/11/2019 then which date is the date of Appointment ?

And When Form ADT-1 to be filed in the above case either after Board meeting or EGM ?

Assess source of professional gross receipts rs:35 lacs every year sec 44ada I t.return filed.
Question:
Assess cash receipts and payment cash mode received 5% limit new provision applicable sec 44ada filed assess in f.y.19-20

I show the land of value Rs.5000 in ITR of FY 2018-19 by mistake of another person. Is there any problem, If I do not show this land in ITR for FY 2019-20. What is the process of ITR for business?

Hi sir, Query : GST cancellation process

I have Taken GST Registration on 07/09/2019 & till now I Have not Done any monthly Returns and Now i want Cancel my GST Registration.. But there is some around 20000/- Input Available in fy 2019-20 ...What to do sir ???? please Tell me the cancellation process & total Penalty ,Interest , late filing fee & is there any cancellation charges ...??? please do the needful sir Thanks in Advance
Madhu M