22 June 2015
One of client of my firm has a cyber cafe. He himself filed his ITR in ITR1 showing his entire income as other income. Also he forgot to mention the challan details. Now he got notice to rectify the return u/s 139(9) My queries are:- 1. As I need to upload a fresh xml u/s 139(9) whether can I now file ITR in ITR-2? Revision is not possible as the return was belated. 2. Whether sec 44AD applies to a cyber cafe?
Please give an early reply. I have to file the return today itself
22 June 2015
dear manvi For the year under notice file ITR 1 with challan details as other income, and for further years fill ITR 4. If you change ITR form for period under notice it may create problem.
22 June 2015
Thanks dear Ankur and Nikhil for quick reply. He had shown his entire income into Income from other sources. I'm afraid if his income is treated as casual income and taxed at 30% rate. Is it possible if it can be shown as business income now??
CAclubindia
