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soran singh
27 July 2022 at 23:51

Gratuity benefit for employee

Hi,

i am working in a education group since Jan 2018 (4 year and 7 months) employer give unnecessary pressure on me, full work load and lower staff policy they are following. now i want quit my job after serving one month notice. if i resigned from my job from 1st Aug. then i will relieve till 31st Aug and my total service will be 4 year and 8 months.
Now my question is that gratuity applicable in that case or not. if not then why?


ankit gupta

Whether a nutritionist who is not a doctor but has some diploma or certificate is taxable under 44ADA or 44AD?
Can he be covered under medical professionals since he teach the clients how to care themselves not to become ill person?


T Surya Teja

Sir,
My age is 27 ,
I did my CPT in 2013 and cleared it in 1 st attempt ,after which fate turned very badly ,I have been suffering from mental illness and depression , I am still working on it ,
Please suggest me about my career , I have not done any job till now ,How ever I did my MBA (avg grade)
Can I continue doing CA inter (conversion done),now without doing any job ,How will be my career if I try to study from now ?


N SREEKANTH REDDY
29 July 2022 at 12:05

REGARDING F&O

Hello Guys,

I have a doubt regarding F&O, how the future and options are taxable, I know how to calculate turnover for Futures and for Options (in options premium will also include with profit and Absolute lose). if it exceeds 10cr, then it is eligible for audit, if not, it is not eligible.

For instance: The buy value  of futures is 3,94,78,169 and sell value is 3,96,20,722 and the profit made was 1,42,555 and the turnover is 3,97,975(i.e 1,42,555+|270264| (loss))  

However, the ambiguity rises here. I calculate turnover of futures, it is 3,97,975. so in ITR form which value shall i consider whether turnover or sell value (i.e 3,96,20,722) .

if anyone knows about this, could you please explain briefly?

Thank you


Rashmi Asija
27 July 2022 at 18:36

Income Tax Form Ten E

suppose income of 19-20 is 500000

Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21

Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.

Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21




nitin
27 July 2022 at 18:24

Regarding claim of GST Input Credit

Sir,
We are the builders, we sold one Unit to Mr.C on 16/2/22 & informed the Society on 23/4/22.
The Society has raised the maintenance bill for the period Apr,22 to Jun,22 on the name of the builder 01/04/22, since Mr. C has not informed the property purchased from us to the Society.
Society says that the bill is already & the said is not incorporated in their minutes, maintenance charges have to be borne by the builder. Is the stand taken by Society legally correct, please explain by quoting the relevant section of law.
Please note we have collected the full amount of agreement value + Possession amount from C.
Please throw some lights on above.


Abizar

I have Long term capital gain of 12L from Sale of Plot and LTCG of 120K from sale of shares also STCG of 20K from shares. I have purchased House for 15 Lacs within a week of Transfer of land. When i am claiming deduction under section 54f stating purchase cost of my house to be 15lac and claiming exemption of 12 lac LTCG it is not allowing me and showing error that deduction u/s 54f claimed here should match with total of deductions claimed in respective assets.
please advice me with this error and how can i claim capital gain deduction under section 54F.

Thanking you


MOHD SHAHID
29 July 2022 at 12:05

TURNOVER IN ITR

hello, Sales reported in GST in fy 20-21 2755000,but due to overlooking 50000/- sale amt of march 2021 could not be reported in R-1 of March2021. The total sale of 20-21 was 2805000/-. The sale of March 2021 was reported in R1 of April 2021. Now sale in 21-22 is 2975000/- including unreported sale of March 2021 Rs 50000/-. Now question is how much sale to report in ITR in GST sale reporting column. Experts valued opinions are sought.


nitin

Sir Suppose Mr. has purchased an Office on 1/7/22. The Agreement Value is Rs 68,50,000/- & Ready Reckoner Value is 75,05,700/- but the Builder has paid Stamp duty 6% Rs 4,50,600/ on Rs 75.07,000/- (on the advise of agent who does the registration work).
Please clariy TDS 1% on sale Property is to calculated on Agreement Value Rs 68,50,000/- or Rs RR Value Rs 75,05,700/- or 75,05,700/- (on the basis of Stamp duty paid.

Please clear my doubts


Ashim kr Ray
27 July 2022 at 17:44

Unable to claim 80p in itr 5

Sir

I am unable to claim 80p schedule in ITR 5.
At the time of filling AMOUNT IN BANKING FACILITY ANOT BE CLAIM IN SHEET SCHEDULE 80P







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