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Syed Akram

Category : 44 AD ( ..,
Solved
April 26, 2019 1:40 pm
Hi Amlan, as we have talked before, I am an affiliate marketer and get the commission, whenever software is sold through me and I can't get the benefit of 44AD.
Since the time I read that, if a doctor is running a hospital and hiring some more doctors, then that hospital would be considered as a bus...
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Amlan Dutta
I hold on to the opinion that person earning income in the nature of commission or brokerage cannot adopt the presumptive taxation scheme of section 44AD. In this case clearly the affiliate income is commission income and so ITR 4 invoking section 44AD cannot be used...TDS deduction etc is of no si...
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  • April 27, 2019
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Vishal

Category : 44 AD ( ..,
Solved
August 19, 2018 10:44 pm
How should any cashback, on any expense be treated, while preparing your balance sheet? Ex: cashback which comes into your paytm wallet.Should it be adjusted in drawings in capital a/c or in cash in hand under balance sheet or as income ??
If income under which head?
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Amlan Dutta
Say i pay using HDFC credit card 100 rs for a ticket and get 30 rs cashback on account of using HDFC , then this 30 rs enters my account and is available as cash ...so , as per my interpretation it should be cash in hand ...no question of drawing from capital a/c ...we are not withdrawing the 30 rs ...
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  • August 20, 2018
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rohit

Category : 44 AD ( ..,
Solved
July 25, 2018 1:53 pm
i file itr 4 (44ad) in last 2 year FY 2015 - 2016 and 2016 to 2017 INCOME FROM capital gains as business income THIS YEAR i have only long term capital gain on shares all income Exemptions under section 10(38) on Long-Term Capital Gains ..and there is no other income such as Professional Income,...
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Amlan Dutta
Yes, you surely can file ITR 2 ...if all you have is exempt LTCG , then even ITR 1 can be used ....as you are already aware that once you decide to discontinue presumptive filing then you cannot use that for 5 years ...
  • July 25, 2018
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AVIJIT

Category : 44 AD ( ..,
Unsolved
July 21, 2018 1:40 pm
Hallo Amlan, thanks for the knowledge you are sharing for the common people.I myself file my return and your videos helped me a lot.
This year I have income from salary, have STCG, a very little profit of Rs 746 from intraday equity trading and a loss of Rs 1360 from commodity futures trading. My tu...
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