1st, and 2nd Proviso's to Clause (a) to Section 44AB
This query is : Resolved
31 July 2024
Sir, I have a Partner ship firm where in I have done turnover of Rs.1,20,00,000 all of which is only banking mode, and there is a cash expenditrue to the extent of 1% of the above turnover. I have made a financials also. ie profit and loss and balance sheet. Proft is Rs.45,750, hence I hope, I can fit this income tax reutrn udner the subject provisio's and can file the return. Am i correct, kinldy advice
31 July 2024
The turnover of 1.2Cr is all by banking mode?
Any cash sales?
Any cash sales?
31 July 2024
In that case Tax audit u/s. 44AB IT act, not applicable, file ITR before 31st July.
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
- Credit rating model
- Youtube income
- 115-BAC-for AOP-private discretionary trust
- Cgst asmt - 10
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Surcharge applicability on LTCG loss
- E-Invoice applicability related question
- ITR-U for AY21-22
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
