I have an entertainment website that generates revenue from display ads.

Few points:
1. The business is not registered yet.
2. Income comes in dollars from a US-based company.
3. Revenue is less than 1 crore.
4. Need help regarding 44 AD and If GST registration is needed.

My doubt:

1. Can I file 44AD without registering the business which means directly from the PAN account where income gets deposited?

2. If GST registration required?

3. Some CAs are arguing that if your profit is more than 6% then you have to show the actual profit. My profit is more than 60% but I want to show the 6% only. Is that ok?

Here I have found a case where the assessee challenged the AO officer and won the case just showing minimum profit even though the profit was much higher.
https://indiankanoon.org/doc/151903937/
https://www.caclubindia.com/forum/profit-under-section-44ad-ada-473205.asp

Here tax2win CEO says that only a minimum of 6% is required even if profit is higher.
https://tax2win.in/guide/section-44ad-44ada-44ae

Filing tax for the first time as NRI , is there a guide to file income taxes ?

This is for FY 2021-22 No income.
The only reason I want to file is TDS deducted on my FDs by bank.

I know I am late , and have read that there may be late panelty. Since I dont have any income in India due to being out of country, could I still file my taxes without paying late fee?

Thanks in advance.

Sir/Mam,

Property Purchasing in the name of Wife and Husband both taken loan from purchase of property. Registration of Property also Wife and Husband name.

How to pay 194IA tds on Sale consideration both names or Single Name

Please Kindly explain how to pay TDS 1941A if vendee is Two members

Thanking you,

Hello Friends,

Is there any provision/rule which restrict only the Directors/Managing Director is authorised to sign TDS returns. Are there any cases of non directors viz. tax heads can file TDS return using their DSC ?

Regards,
Manoj

For the Assessment Year 2022-23, Mr A received an email regarding proposed Adjustments under section 143(1)(a) from cpc-income tax india regarding the deduction claimed under section 80GG for which aform 10BA was not filed. Assesse discovered there are other errors in the filed return that needs correction. He also discovered that 80GG was selected in error. In response to 143(1)(a), he agrees to proposed Adjustments.
He files the revised return on 10th December u/s 139(5), he has received intimation under 143(1) for demand of Rs 5,735 (5,000 under section 234F and Rs 735 under section 735 ).

1. Is 234 A and 234 F applicable in the above case?
2. Whether Mr A should make the payment as it is less amount ?
3. What should Mr A do?

I am not able to generate Form 27A through RPU version 4.4, pl help

Hey!
We at https://onlineindiataxfilings.net are now looking to create a platform where taxpayers can connect with CAs and Chartered Accountants. Just like fiverr.com but with additional facilities and just determined to solve taxes in India.

Our query is that, is this idea legal? Means, are CAs allowed to do this kind of thing like listing themselves on a website... Also, if it is possible, will you be looking forward to join us on our journey?

DURING THE FINANCIAL YEAR 2021-22 AN ASSESSEE WHO PURCHASED CRYPTO CURRENCY FOR RS.100000 AND SOLD WITH IN A MONTH FOR RS 108550 . hE IS HAVING TAXABLE INCOME . tAXABILITY OF CRYPTO CURRENCY FOR ASST YEAR 2022-23? AT WHAT RATE AND UNDER WHICH HEAD?

Respected Sir,

Can we claim interest on housing loan on account of income from house and property even after the due date as the 31st July has gone? Whether still there is a chance to avail the benefit of the negative income?

PLEASE GUIDE ME AND OBLIGE.

1. Does sale of rural agricultural property amounting to approx (1.5 milion INR) taxable under any provisions of Indian Taxation Laws?
a.) If YES, @ what %?
b.) If NO, is it required to be shown in ITR filings?
2.Does the sale proceed needs to be shown in ITR, where and which form to use?
3. If the sale amount is transfered to bank account through any of the online deposit mode. Will it attract notice from Income Tax Dept. for depositing amount of 1.5 million in a financial year?
a.) Or the notice is just served for cash transaction of and above 1 milion.

P.S. The account holder is still pursuing studies & not earning.
Does the account holder need to file ITR for sale proceeds?