I have filed return for my company after due date. I am having a business loss of Rs.56255/- during the AY 2017-18. Due to late filing of return i can not able to carried forward the above loss. But at the time of filing of income tax return the loss carried forward to the the next year was automatically displayed in my return. I cannot able to make correction in the field. Now i am received a notice u/s 143(1)(a) of the Income tax act with error descripttion "In schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date Rs.56,255/-" Please suggest me where to disallow the loss in ITR for not carried forward

Sir,
The Department has changed Codes for Nature of Business in ITR FORMS pertaining to A.Y.2018-19 while in TAX AUDIT REPORT Utility FORM 3CD PART B point no 10(a) contains the old codes so it will not match the ITR FORM codes. So generating XML will lead to mismatch. Has anyone filed Tax Audit cases? Kindly clarify.

Are Pensioners of EPFO issued with Form 16 / Salary Statement? What Name, address & PAN need to be mentioned in the ITR.

Hi,
One of my client has earned gains from sell of equity shares in short term and reinvested the same to purchase more shares which are yet unsold. But don't want to show the gains earned in ITR. Is there any way from which I can confirm that such income was earned by the assessee since it was not reflected in Format AS nor in bank accounts.

Sir,
We have filled TDS quarter.for the AY 2017-18 regularly ,Form 16 B Issued on 30-04-2018, the signing authority of AGM Has been retired on 30-04-2018 ,the FORM 16A generated on 28-05-2018 on this signature of person responsible for deduction of tax, now how can sign from because of he was retired, what can i do for this

Hello

I work in a bank and here we have a gold appraiser he gets commission & his annual income within 400,000-450000/-. Which form should I file for him? Itr 3/ itr 4? In itr 3 there are fields like nature of business. And I found nothing matching but "other services" . And I checked itr 4 also. & I could find "general commission agents". 44ada. Please help me on selecting proper itr form

An assessee has served professional services to a hospital for part of the year and hence her tds was deducted u/s 194J. Another part of the year she has earned salary income. She has also been an insurance agent for which her tds was again deducted u/s 194J. My query is which itr is she suppose to file? And can she show her professional income u/s 44ADA?

Dear sir may client has open firm manan gems proprietor pan card name but after 1 year he discontinued firm. Whether he can closed first firm bank account.whether it is correct. After he open new saving account whether he can continue the same pan card name his normal business same pan card name. He can done or not

Dear sir/ madam, I am filing IT RETURNS for the first time and my business turnover is less then 1 crore and profite is less then 8%. Is it mandatory to file my returns U/S 44AB?

Hello Everyone...
I want help for clarification on the above mentioned subject

As per GST, the supply of work contract is treated as Supply of Service and not as Supply of Goods so when a work contractor who had receive the contract for Rs. 35 lacs , for filing the Income Tax Return whether the work contractor can avail the benefit of Section 44AD i.e Presumptive Taxation income or as per GST it is treated as supply of service the benefit of Section 44ADA can be available or not ???

Please clarify the same

Thanks in advance