TAX DESTINATION

Query - 01. I have one client whose Income is consist of Salary for first Quarter. Whereas throughout the year his rest income was from the income form other sources  However in Q.4 he had delivered some professional services and his tds was deducted u/s 194JB for the same and that income forms 20% of his total income. So, I would like to confirm whether he should file form ITR -3, or ITR -4 ?? Your valuable inputs and suggestions would be highly appreciated. Query - 02. Partner of a partnership firm is on payroll of the firm and drawing fixed salary of Rs. 2,50,000 p.m. He is also paying PT on the same.  - TDS is not applicable because there is no employer employee relationship! Hence no TDS under sec 192. still do we need to deduct tds 194J since he is drawing a fixed payment of 250000 p.m ? Share your views in comments section below

Query - 01. I have one client whose Income is consist of Salary for first Quarter. Whereas throughout the year his rest income was from the income form other sources  However in Q.4 he had delivered some professional services and his tds was deducted u/s 194JB for the same and that income forms 20% of his total income. So, I would like to confirm whether he should file form ITR -3, or ITR -4 ?? Your valuable inputs and suggestions would be highly appreciated. Query - 02. Partner of a partnership firm is on payroll of the firm and drawing fixed salary of Rs. 2,50,000 p.m. He is also paying PT on the same.  - TDS is not applicable because there is no employer employee relationship! Hence no TDS under sec 192. still do we need to deduct tds 194J since he is drawing a fixed payment of 250000 p.m ? Share your views in comments section below

Relating to GST. 01 . Can we take ITC from non migrated RC to migrated RC.  Please guide me sir.  Any case laws regarding this? 02 .New shop purchased, Renovation of shop done with furniture  Is input allowed on renovation work ??? Comment Your Views in Comment section

Relating to GST. 01 . Can we take ITC from non migrated RC to migrated RC.  Please guide me sir.  Any case laws regarding this? 02 .New shop purchased, Renovation of shop done with furniture  Is input allowed on renovation work ??? Comment Your Views in Comment section

I have Joined a company Last Year and got 2 Lacs Joining Bonus net of TDS subject to the condition that I must stay atleast one year from the Joining date. Owning to other unbearable circumstances I resigned from the company and have to refund full amount of Joining Bonus to my company.  How to claim Extra Tax Deducted from the income while filing ITR? As the payment received in last Year and refund  made in another Year, is it possible to set off in Current  AY?

I have Joined a company Last Year and got 2 Lacs Joining Bonus net of TDS subject to the condition that I must stay atleast one year from the Joining date. Owning to other unbearable circumstances I resigned from the company and have to refund full amount of Joining Bonus to my company.  How to claim Extra Tax Deducted from the income while filing ITR? As the payment received in last Year and refund  made in another Year, is it possible to set off in Current  AY?

Trending Query of the week!! I want to start the business with an idea that yield me more profits.  How to start the same? Is it advisable to do as in the form if  Proprietorship or  Partnership or as a Private limited company? From the point of view of Income Tax & other legal compliances Share Your views in comments  Soon we will release detailed blog on same