Income tax query 19-20
This query is : Resolved
21 December 2020
Assess sec 44ada source of income (professional income)
1.gross relceipts Rs:13 lacs in f.y 19-20.net profit declare 50%rs:6,50,000/-
2.cash gift to wife Rs:3 lacs payment through on bank mode added net profit.
Question:
Assess tax applicable profit on rs:6,50,000/- or Rs:9,50,000/-
1.gross relceipts Rs:13 lacs in f.y 19-20.net profit declare 50%rs:6,50,000/-
2.cash gift to wife Rs:3 lacs payment through on bank mode added net profit.
Question:
Assess tax applicable profit on rs:6,50,000/- or Rs:9,50,000/-
21 December 2020
Tax applicable profit on rs:6,50,000/-
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Joint Account Closure
- 139(4) for ITR-5- audit
- TDS-Fixed assets
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- Are reflected in 2B in GST portal
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Reversal of unutilized ITC can be paid through ITC
- FORM SPL-02
- Complication in generating GSTR-2B
- Assesee supply services in RCM, above 2 crores turnover, is he applicable to file Gstr9
- DTAA Income
- Sale of liquidated company
- How to calculate tax as Income & Tax Calculator on e-Filing website is giving wrong results.
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
