a individual is showing his income as consultancy business. nature of business is SERVICES OTHER Can he file his ITR 4S for A.Y. 2016-17 plz Reply with explantion as I am confuse with the word specify in section 44AD "ANY BUSINESS " can we understand it as any business whether it is services or this section is only for trading/manufacturing business ?
Answer nowis 269st (rs.2 lac cash transaction prohibition) applies to co-op society regd. under state co-op society Act on acceptance of deposits r lending loan to members? if yes, wats d solution to avoid penalty? thanks in adv. (reply wid circular/notification if any will b appreciated)
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what will be the tax treatment of write of debtors and creditors under income tax. and also please mention relevant section for tax treatment.
Answer nowhello i am registered trader of foodgrains, i sell good anywhere in india and i pay transportation charge i.e. truck bhada not more than 30000 in one time, so i want to know that wheather 194C is applicable on me?
Answer nowi am an indivual of 43 yrs age. I have buiness income and interest income, which i have shown in buiness ITR-4 and ITR 4S. Upto AY 2014-15, i have filed ITR 4 and ITR 4S since AY 2015-16. If now I purchased a Flat / house / Plot, from FDRs amount i.e approx 26,00,000/- , then plz tell can i purchase this from my FDR amount or not? Whether IT deptt send me notice for investing of Rs. 26 lakhs in property? I have saved money year by year and invest it into bank FDRs year by year. And also show interest income in ITR i.e. income from other sourcrs. Whether I should keep Photo copies of Bank FDRs to show IT deptt, if I will received any notice? Please suggest and oblize
Answer nowIs the pension income received by Member of Parliament taxable under income from other sources or salary income?
Answer nowdear sir/madam one of my friend filed Itr for AY 2012-13 and he claimed tds refund but by mistake he fill wrong bank account no now how can I claim again that tds help me
Answer nowPlease explain section 44 AD(4)??? what is the intention of introducing such a provision through finance act 2016???
Answer nowDear Sir/Madame I have an income of say 2,00,000/- in Fy 2016-17 on which TDS u/s 194J is made at 10% i.e., 20k. and I have salary income of 2,50,000/-. Will I fall under the purview of tax audit if I want to declare my professional income's net profit as an amount a)below 1,00,000/- b) if i opt for presumptive taxation and declare at 50% of Gross receipts i.e., - 1,00,000/- c) if I declare the whole of Gross receipts as income i.e., 2,00,000/- Will I fall under the purview of tax audit under the 3 circumstances mentioned above??
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Eligible Assessee for section 44 AD