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Educational Institutions turnover above 2 crores shall we file IT Return claiming exemption u/s 10(23C)(iiiad)
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Dear Sir,
Please suggest Comparative Figures and frame work so that its easy to me for audit
Assessee has not disclosed the
comparative figures in the books of accounts as required by the framework of ICAI related to presentation
of financial statements
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what is the process for condonation of Delay if Trust had filed late form no. 10B? In how many days condonation of delay will be given?
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Dear Sir,
Kindly Suggest what is the meaning of Records Necessary to Verify The Transactions of personal nature were not maintained by the assesses.
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I have submitted a nill return for AY 21-22 u/s 139(1) to avoid late fee u/s 234F. Later i have submitted a revised return opting for new tax regime and offered a income of Rs.14 lakh and tax was paid accordingly, while i was uploading my revised return there was no error message. But the return is processed now and i have received order u/s 143(1) mentioning a demand, after analyzing the order i came to know that tax was calculated in old regime. But in case of AY 2022-23, portal shows an error that "New tax regime cannot be opted after the due date", Is there any solution to reduce the demand for the AY 2021-22?
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Sir,
Suppose a Builder wants to sell a Commercial Unit/Office Rera Carpet 31.43 sq. mtr to Mr X with One Car parking free of charge i.e. Agreement value is with out Car Parking ( mentoning in the agreement that the One Car Parking is provided free of Cost)
The RR Value of Unit + Carparking ( Rs. 75,07,000+ 6,85,000) is Rs. 81,92,000/-
My question is if Agreement is registered for (75,07,000/1.10) Rs. 6824545/- is Ok
should be registered for 74,47,273/- [ 75,07,000+6,85,00 = 81,92,000/1.10) to be out of the purview of Section 43CA , it is within safe harbour.
Please explain
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I have Business income under 44AD wherein profit is more than 8% declared and long term Capital gain.
Now I can not file ITR4S but have to file ITR 3 due to CG.
While filing ITR 3 one question is there in form for 44AA applicability for maintenance of books if I mark it as yes and only show 4 figures utility does not accept and ask for all the figures of P&L and Balance sheet.
If I declare all the figure rather than only 4 figures then it does not allow me to show under head 44ad but as normal income.
I have to declare in 44AD only or else it would amount that I am opting out of 44AD and then subsequently for all future year have to file ITR3 with all figures.
Please provide assistance on this part.
Thank you.
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How to File return of income of Fair Price shop ?
Purchase and sales of goods or only commission income ?
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Received Issue with Refund Intimation u/s 143(1) 15 days back but at income tax portal "Processing Completion" still showing pending. Please guide but to do. Profile/bank and everything is up to date already.
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Sir,
My client had not filled his Income tax Return for F.Y. 2020-21, now he want to file using ITR U facility.
But there is additional tax liability under ITR U facility, please clear whether additional tax liability have to pay in cash even if tax liability is equal to or less than 12500/- as 87A rebate amount.
Please guide and oblige.
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Ediucational Insitutions turnover 2 crores