one of accountant files return under presumptive Section 44ADA From last 5 Years
For F.Y. 2023-24 alongwith accounting Practice he Started online selling of Mobiles .
My question is can he file return under both 44ada and 44ad for accounting income and Mobile selling income respectively ?
sir i have submit ITR 3 & verified with option tax pay latter and now i have deposited tax amount please tell me how to submit challan details as challan no BSR code etc..
Hi,
Is variable dearness allowance part of calculating leave encashment? Same should consider while calculating exemption ( avg salary of 10 months) ? Please guide in detail..
i have income from Receipt of fees for professional or technical services (Section 194J)
from ARCELORMITTAL NIPPON STEEL INDIA LIMITED (SRTE00025E) Rs.217700 TDS deduct Rs.4355
i was filled ITR4 BUT received notice
which ITR FILLED ? and income mentioned in which head ?
Dear Sir,
An Assesse wants to claim Relief u/s 89(1) of Income Tax Act, 1961 and wants to know that whether is it necessary to File an Income Tax Return on yearly basis or it will be fine to Claim Relief u/s 89(1) while submitting an Income Tax Return on Adhoc Basis. Kindly advice.
Warm Regards,
Aditya
Geting this error in filing ITR
In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than
the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in
schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP." while validation of ITR-3.
The solution which i came across so far says that " OPEN THE PART-A PROFIT AND LOSS ACCOUNT AND EDIT
14(iii) AND write the DIVIDEND amount in and save the data.Second Open the Schedule BP and Click 3
and click edit and enter the Dividend amount here also save the data. Third Same amount in Schedule OTHER INCOMES. "
This sounds fair but what happens in case where a person does not maintain a P/L account and has chosen to report
presumptive income.. Why should that person at all be entering anything in " PART-A PROFIT AND LOSS ACCOUNT " ?
SIR a housing property was sold (65 lac) in april 2023 sold by individual and TDs was deducted US 194IA and in october 2023 purchase another housing property (1 Cr)by name of own and his daughter-in -law. He did not open capital gain account and use saving account for all sale & purchase transaction.
how to treat above mention entry in ITR?
Regards
Vikas
My sales was zero during fy 2023-2024 .I am a registered gst proprietorship firm in West Bengal .Do I need to pay professional tax for fy 2014-2025 since my sale is zero.If I need to pay how much should I pay professional tax? Please clarify
I have received mail from IT dept that Rectify the defect in your return. Return is defective. You have filed the return in form ITR 1.As per your 26AS taxes deducted u/s 194IA/194IC/194M/194S/194C etc. These section s imply heads of income for which ITR 1 is not appropriate formal. You are being provided with opportunity to make necessary correction and file a return in appropriate form duly disclosing complete gross receipt reflecting in 26AS under the relevant schedule of ITR. Pl note as per rule 37 BA credit of TDS is allowable." Kindly guide me I should file a fresh or revised and in which ITR form.
I got following notice:
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
I checked my AIS and have the following three TDS:
1) Salary - TDS 192 - Salary Received (section 192)
2) Business Receipts - TDS 194H - Commision or brokerage received (section 194H)
3) Receipts on transfer of virtual digital asset - TDS 194S - Amount received on transfer of virtual digital asset (section 194S)
For point 2 and 3 above, the count is 1 each and the amount received is below Rs.100 on both the cases.
Which ITR to file now?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
44AD AND 44ADA Return Filling