Dear Tax Experts

Is there any deference while computing income from Hose property, Self Occupied and Let Out Property ?

My friend has gross insurance commission receipts of 325,000 and incurred for that is 27,000. Whether books of account required to maintain.

Dear Expert,
If any individual person get Interest on saving bank account Rs.35000/-, then whole amt will be taxable or 25000 will be taxable.
i have shown Rs.35000/- in income from other source and given deduction Rs.10000/- u/s 80TTA, kindly guide this is correct process or is there any other process.

Thanks

What is the rate of GST on Namkeen? Is the rate different in following situations:

Situation 1: Namkeen sold loose
Situation 2: Namkeen sold in packaged form in transparent bag having no name of manufacturer
Situation 3: Namkeen sold in packaged form in bags printed with firm name but trade mark not registered and not branded
Situation 4: Namkeen sold in packaged form in bags printed with firm name with registered trade mark

Sir,
An individual has sold some old utensils of copper and brass (tamba and pittal), of his mother’s time .
He has received around Rs. 30,000 from this sale.

Que.1 : Where to show this amount in Income Tax Return ? Under which head ?
Que.2: Should this amount be really shown in I.Tax return or not required ? Please guide in this confusion.
Que.3: Is this amount really his income ? or Capital ?
Que.4: If it is income, then ,
(i) Do this sale of old utensils attract Capital Gain ?
(ii) If yes, then how to decide capital gain ?
- The individual does not know when and at which price these utensils were purchased by their parents.
- He has no any invoice of their purchase. So he cannot arrive at the indexed cost .
- Thus, How to decide the capital gain ?

Please, guide and share your opinion.

Dear All,
Can Employers' contribution towards PF be deducted from Salary?

I earned Rs 60000/- (Rs Sixty Thousand ) from equity and future option trading. What treatment is required to file a tax return and can I avail benefit of exempt income of Rs 250000/- and need not file incom tax return or pay any tax

its a baba Ji dhaba for provide lunch dinner turnover more than 2 crore is gst mandatory

Hi,

What should be journaled entry when advance received by seller in GST regime?

Ex. Mr. A receives Rs. 118000 (50% advance) from Mr B on 5/7/17. Mr. A pays Gst Rs.18000 To governemnt.

Actual sale occurs in August. - Rs. 236000.

Experts. Please reply.

Dear Experts
The Proprietor baught digital signature for GST registration process in rs 1500 cash and also paid 3500 rs to Advocate for GST migration in cash. I want to know under which expenses head should these expenses booked and please also passed journal entries for this