My total income consists of retail trading business and commission from LIC. The commission from LIC for AY 2018-19 is Rs.75,000/- and from retail trading business is 3,00 lac. My I use ITR 4 and show retail trading business income u/s.44AD and show entire commission as Income from other sources ? Or I will have to use ITR 3 ?

If a Sole Proprietor buys a mobile for Business use and than it can get credit of GST paid on mobile phone purchase and if yes than under which section of GST .

If an LLP pays a rent on property Rs. 70000 per month, than the LLP is liable to pay GST on Rent (Under RCM) if owner of property is registered under GST & also another case if the owner of property is not registered under GST.

suppose i have received a amount of 1000000 from my family in the form of sale of land and i convert that 10 lakhs into a fd in any bank. and the interest receivable on that fd is taxable or not if i submit form 15G/H.? please expalin me?

Sir,

I want to take 10 lac unsecured loan from my mother whether i have to take Tan number and have to deducted TDS. I donot have any Audit file.

Dear Sir,

I Invoice to a ABC pvt ltd co. aprox 3 Lac GST RS 36000/- i recd. 336000/- on the time of file return my GST Registration has been cancelled. Now to co. asking for GST return or credit note. Kindly let me know how much amount i have to issue credit note to ABC Pvt ltd.

Dear Sir,
I am selling some goods from Noida (U.P.) But Party want to Billed to- Delhi and Shipped to Noida (U.P.) and also giving GST no. of Delhi. Now, question is- Whats type of Tax (IGST, CGST & SGST) i charge?????

Thanks

Dear Sirs,

I need your precious help in order to clarify a query related to the below mentioned Policy.

Policy name : Life Stage Pension
Organization : ICICI Prudential Life Insurance
Policy Term : 10 Years
Age of policy holder (Female) : 69 years
Yearly Premium : Rs.200000/- (Two Lakh only)
Date of commencement of the Policy : 20/01/2009
Due date of last premium : 20/01/2018
Cover Cessation date : 20/01/2019
But, voluntarily the Policy is closed on : 12/06/2018
Amount received on closure : Rs.34, 00,000/-

Now, what will be the calculation under Income Tax? Kindly let me know the calculation of Income Tax as well as the exemption, if any.

Your reply is ever precious to me.

Thanking you,

Yours faithfully,
Subhadip Acharya

Hai,

An assessee has opted presumptive taxation for his business. He also have capital gain. However ITR 4 is the form available for presumptive tax payers and it doesn't provide any option to show capital gin. If we change to normal scheme, then for the next 5 years, we cannot opt for presumptive taxation. So can you please suggest me what is the option available for presumptive tax payer to show capital gain also in their ITR.

Thanks

rent paid to senior citizen of Rs.500000/-p.a. tds deduct or not please provide with explanation.