Sir , Whether Turnover declare in GST and amount received from party u/s 194 C in form 26As should be same.
Sir both compulsory should be of same amount or can be different.

If one uses ITR1 instead of ITR2 to efile income tax return, will there be any penalty/fine? Kindly note, that there is no difference in tax obligation in both the forms and full tax has been paid.
The fault is only technical in nature as amount of LTCG from redemption of ELSS units
is much below the thresh hold of Rs. 1 Lakh and therefore ont taxable.

Sir,
I want to declare profit u/d 44AD, whether I would be eligible to file ITR 3 For FY 2018-19.
Sir , In ITR 3 of FY 2018-19, there is Column given to declare profit under presumptive income u/s 44AD

Hi,

For AY 2019-20, which ITR should be file for Income from Commission from Life Insurance Agency where commission Income is more than Rs.60000/- ?
Presumptive Taxation is applicable ?

Please guide me asap

Sir/madam,
if Loss of business of LLP unable to carry forward because ITR filed after due date....then in filing of ROC returns of LLP that loss of business which has unable to carry forward is shown in profit and loss or not in ROC return???

Respected Experts
Regards

I have heard as follows :

If the return is filed u/s 44-AD INTT U/S 234-(A+B+C) will not be levied.

IS IT TRUE SIRS ?

A resident Sr Citizen has income only from pension and interest from bank fd and savings bank account.
He has no other source of income excepting a very small amount of LTCG from redemption of ELSS units invested more than 3 years ago to save tax. This small amount is not subjected to tax as it is much below the thresh hold of Rs.1 lakh beyond which LTCG is to be taxed.
Can he efile return in ITR1 or has to use much more complicated ITR2?

Dear Sir,
Itr- 4/tax detail tab./Sch TDS 2(i) / other than salary/Column -7 (Gross Amount)------------- Which amount should be filled in this column no-7 as gross amount ------ amount of TDS deducted or the original interest amount on which TDS is deducted.
regards.

PROFESSION TAX (PTEC) OF RS 2500 WHETHER SHALL BE TREATED AS DRAWING OR EXPENSES AND WHETHER SHALL BE DEDUCTED FORM INCOME IN COMPUTATION OF INCOME

Hi ,
If there are 2 directors in a pvt ltd co. They get their salaries from the company, now who takes the net profit after tax from the company . Do the directors who are the only shareholders of that company take out that profit.
Thanks.