Dipen
This Query has 3 replies

This Query has 3 replies

18 July 2024 at 15:53

Commission Income_ITR 3

Dear Experts,

For Commission Income ITR 3 is to be filled. Now in this case do we need to fill entire balance sheet and profit and loss if Gross Receipt is 4,40,000 /- (approx) and net profit after expenses is 2,35,000/- (approx)?

If books of accounts are not to be maitained can we fill only limited figures under books not to be maintained for balance sheet and P&L?

Please advice

Regards,


Rajesh Bk
This Query has 3 replies

This Query has 3 replies

18 July 2024 at 15:06

In which ITR should i submit returns

Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/-( all are bank receipts) for fy 2023-2024 ( Total TDS deducted Rs.10650/-).Will i file in ITR 4? Can i show in presumptive taxataion scheme 44AD by showing 6% profits. What is the business or professional code for my income. (code no.) can i get TDS refunded?

It is humbe request to guide me in detail. I am waiting for your valuable reply.


MANOJKUMAR G JAIN
This Query has 2 replies

This Query has 2 replies

18 July 2024 at 14:18

REBATE UNDER SECTION 87(A)

ITD UTILITY NOT CONSIDERED REBATE ON SPECIAL RATE OF INCOME (111A SHORT TERM CAPITAL GAIN) SO AT THE TIME OF FILLING WHAT WE DO WE CONSIDERED ITD UTILITY AND PAID TAX WITHOUT TAKING THE BENEFIT OF REBATE


corporate N/A
This Query has 1 replies

This Query has 1 replies

Hi Everyone,

In February 2024, I sold my property and used the proceeds to repay a loan taken by my company (CC limit), my company is Pvt Ltd. Given this specific scenario, I would like to understand if there are any deductions or exemptions available that could be applied to the capital gains arising from this sale.


Sowmiya Nagarajan
This Query has 1 replies

This Query has 1 replies

18 July 2024 at 12:30

NPS by employer

Is it necessary that NPS contribution by employer need to be mention in offer letter or appraisal letter? or can this be by way of allocation of special allowance agreed between employer and employee time to time.


jayesh khokhariya
This Query has 3 replies

This Query has 3 replies

18 July 2024 at 09:23

44AD VS 44AB compulsion

Partnership having turnover around 60 lakhs filing first time income tax return than is it compulsory to carry out audit if shows profit lower than 6% as per 44 AD ( as 44AB Limit is 1 crore)

or

Can we file return showing lower profit below 6% with profit and loss account and balance sheet assuming not opting for 44AD


Sudipta Das
This Query has 3 replies

This Query has 3 replies

I have received RSU form a foreign Company in 4 Installments during the year . Can I show them in single entry in schedule FA or I have to show them separately ??


Tataraju Chowdary
This Query has 3 replies

This Query has 3 replies

18 July 2024 at 09:07

Improvement cost on open plot sale

sir, for 15 years term how much improvement cost percentage may acceptable ?


upendra chaudhary
This Query has 4 replies

This Query has 4 replies

trying to find TR 4 business code for graphics artist. but not able to find.. business code 16019 not available anymore.. its become medical profession... I'm really confused. please help.


Amitabha Das
This Query has 1 replies

This Query has 1 replies

18 July 2024 at 00:10

Regarding sgb interest

Sir in ITR-4,where to show SGB semi annual interest received in savings account??






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