how we can treat income generated by an Auditorium with total annual rental income of 18 Lkahs.
44 AD presumptive taxation or income from house Property

I need to know how much TDs to be deducted from license fee of 155000/- pm for a resi leave & license.

Also how to pay online , meaning which form is to be used ? 26QC says only 5% TDs, whereas the owner mentioned 10% TFS also when is the TDs to be paid, monthly ? Half yrly ? Annually? Or before 31st march 2020 ?

Dear Expert,

I am director in Pvt. Ltd co. but company has struck off by roc wef 2016 bcoz non compliance to roc also mca disqualified my director ship, also i have earn income from rent & bobbies classes, so my question is can i file ITR-4 under presumptive income scheme or other form in my case.

Thanks & Regards

For financial year 2018-19, the sale value for short term capital gain is 80 lakhs, loss is 8 lakhs and speculation sale is 2 crores, profit is 1lakh. Do i need to do tax audit in this case? Do we need to mention speculation income separately?

Sir I am salaried and has fno losses. Turnover is 35 lacs. Is it okay to file through ITR 1 and not show report any losses. I have to do audit in case I select ITR 3....

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I HAVE A CASH CREDIT LIMIT IN BANK NOW WE ARE GOING TO CHANGE OUR BANK AND OUR PRESENT BANK WILL TELL TO CHARGE 4% FORECLOSE CHARGE AND THAN THEY WILL GIVE NOC.
THEY HAVE NOT MENTIONED IN SENCTION LETTER ABOUT FORECLOSE CHARGE AND TELL US TO THAT THEY HAVE MENTIONED IN MASTER FINANCE AGREEMENT. AND TELL ME THAT IF YOU WANT TO CLOSE A/C YOU HAVE TO TELL US BEFORE 2 MONTH OF RENEWAL DATE AND NOW IF YOU WANT TO CLOSE YOU HAVE TO PAY 4% FORECLOSE CHARGES
PLEASE SUGGEST WHAT WE CAN DO

Respected Sir, Due to shortage of funds I have not paid SA Tax as yet. 31-08-2019 is the due date for ITR. Can I file the ITR without making SA Tax payment and I hope I would be able to pay SA Tax by 15th of September 2019. At this moment of time my ITR is showing tax payable. The same time in the said ITR I have claimed business loss also, Whether business loss will be disallowed, Actually tax liability is just because of Rent Income. Please guide me and oblige.

I Have done sale of 6.5.lacs in F.Y. 18-19 of as new partnership firm but i didn't want to file ITR u/s 44AD. My nett Profit is 8.05% before partner salaries. Is Tax audit required.

Dear All
We have oils refinery in West Bengal. we are selling our product (petroleum products) @ 18% GST. Now we procured a order from our customer for processing of some said product and they will give us the processing charges. We are desiccated to charged @ 18% GST on processing fees. Customer is saying they give us GST @ 5% on processing charges.
What % GST we wiil charge on the said job, please let me clear.

Thanks & Regards

Chandan Mukherjee

Hi,

me & my friend buy a agri land 5 years ago and land registered on my friend name at that time due to am not in station. recently we sold the same land received the amount but the sale deed executed on my friend name only.

Now my problem is should i can claim the return agri land as a capital gain for MY IT Return. Me and my friend having a internal agreement (MOU) saying that both are having right on that land.

Please suggest.