Dear Sir/madam,

An assessee is an APMC commission agent who earns 2% on the sales
He filed for exempted sales in GST . (As there is no separate column for commission in GST portal)
As he is a commission agent he neither purchases nor sells the goods.
So, while filing Income tax return, we can file under income from commission.
But the problem is that, there there will be probability of notice from IT office, as they usually match sales of GST with Income tax.
We cannot file under 44AD also. As his income is 2% of sales which will be below the limit of 8% as mentioned in this section.
Filing under 44AB becomes difficult for him, as he is not eligible to pay the increased accounting and audit fees.

Please suggest the way to file the income tax return.

Thanking You

What is the prescribe form to file a response to notice u/s 148 ( if i have filed ITR 4 first, should i file the same ITR with same computation again)

Sir,

Assesses (tax Payer has died and his son ( legal heir) could not filed return immediately / in due time, because I T department requires legal Heir certificate from court in the absence ow registered will.

Son has applied in court and court has given the award after 2-3 years and son applied to Income tax depatrment for registration as legal heir.
I T department has registered now Son as legal heir.

Now my question, how to submit return for financial year 2016-17 and 2017-18 Income tax return to claim TDS refund, which was being deducted by Banks ob their Fixed Deposits.

The deceased has no other income.
Kindly guide with reference of section or legal cases for filing the return. Please also look, whether department will charge penalty for late filing or it will be allowed without penalty because , delay is due to court order. Please also note,that Income Tax department is respondent in court case,( Assesses v/s Income tax department .

Thanks
S K Gupta
(9929607592)
guptask2007@gmail.com

Sir/Ma'am,
I require your esteemed guidance
I am currently filing ITR 1 for a salaried Individual for FY 2018-19 .
On which I desire to take deduction u/s 80GG as I qualify for the deduction.
My Query is can I file the declaration form 10BA online now or should I have filed it before 31/3/2019 to avail this Deduction.
Thanks & Regards

TDS CLAIM ISSUES U/S 194J SERVICES GIVEN BY SECERATARY OF CHARITABLE TRUSTS REGISTERED U/S 12A /12AA. ISSUE OF REFUND IN THE PROCESS OF FILING OF ITR 7 139(4A).

Hi,

We are registered as EOU and our parent company is located in US.
We have incurred some professional expenses in India and debited the expense (Rs. 100000) amount to our Parent Company.
Say,
Expense value is RS. 100000
GST Rs. 18000
Bill Value Rs. 118000

we have deducted TDS Rs. 10000.

So, I want to know can i take the GST credit??

Thanks in Advance.

What is the maximum time limit for outward foreign remittance against import as per RBI guidelines?

Is there any GST will be applicable on Fumigation Services for fumigating Agri-Products , used either for domestic purpose or for export purpose, provided by Accredited fumigation Agency.???
Is their any notification available, regarding the Exemption of GSTr on Fumigation services for Agri-Commodities
???

The person is ST( Boro Kachari) as defined in clause (25) of article 366 of the Constitution
and
Residing BTC-Assam - Specified in Part I or Part II of the Table appended to paragraph 20 of the Sixth Schedule to the Constitution.
If the income are earned from
1. Bank Fixed Deposit.
2. Share trading.
Please clarify whether the Income are exempted as per The provision of the Section 10(26) of Income tax Act 1995.

I have small pension income Rs. 30000, interest income Rs. 2.5 Lacs, short term gains 2 Lakh, Adsense income from my website  (for which i write my own content) of Rs. 3 Lacs  (annual). Have been filing ITR 2 so far. Intend to file ITR3 & take advantage of presumptive taxing for ad sense income (44ADA). for tax on 50% income.   Filling item 62 "COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA" in schedule "P&L"  with business code 14001-software development.   Is this OK or I need to stick to ITR 2