Dear Sir/Madam
I have running a small business which last year (FY 2018-19) sales turnover is Rs.30 lac. For AY 2018-19 I was filed form ITR 3 with all schedules and details.But I was not maintain the business books of accounts.
My total turnover is below 1.5 cr. so, can you tell me which form I select to file return for AY 2019-20.(ITR-3/ ITR-4)
1. ITR-03 with all details of Incom & Exps. as per last AY 2018-19.
2.ITR-03 with P&L line items no 61 to 64 & BS line Item no 6 form NO Account Case
3. ITR-04 for presumptive income shown
Also advice for requirement of audit of my accounts books.
Thnaks
Mahesh S

My Client deposit paid Tds challan online with wrong A/Y, I want to correct it from traces login from request for voltas challan correction ,date of deposit 06.07.2019 , but when I am trying to correct challan following details are displayed




No data available for the specified search criteria.


BSR Code* 0331906 Date Of Deposit * 06-Jul-2019 Challan Serial Number* 02743 Challan Amount (Rs. )*230000.00


I have entered correct details but ... already 4 days gone in 7 days limit

Kindly Help Me

Respected Sir,

(1) FY 2018-19 We have got services from transporter. but yet not show Reserve Charges in books now please guide to me how can i show the value in the portal.
(2) after payment where i can show value for ITC Claming
(3) Portal Show Cash balance Rs.25400/- Can we pay RCM payment via Cash ledger.
Please advise to me.
Thank you

If Father & Son have Joint bank account(first holder is father) and from that a/c cheque is issued for deposit in PPF A/c (PPF a/c of SON). Whether Son can claim deduction U/s 80C while filing IT Return?

Sir,

in the month of March 2018 RCM is payble Rs.32400/-

Paid Rs.32800/- on dt. 05.05.2018

Now Electronic Cash balance Shows Rs.400/-

How to adjust Rs.400/-in the books of account

Can we Show Electronic Cash Balance 400/- Dr. ( Current Assets )

Or any method Please answer

Hi

Pls advise whether redundancy pay received from employer on termination of job is exempt from tax?

If yes under which section can I claim the exemption??

Many Banks, as per permissible guidelines offer FCNR accounts along with a forward contract for purchase of maturity amount at a specified [mostly higher rate of exchange against today market rate]. This makes FCNR deposit risk free and with some assured higher return.
Question here is
a) My understanding is such FCNR account get redesignated to RFC account when the NRI becomes resident. Is it correct?
b) Does the benefit derived from FEX forward contract taxable? If so, how is it taxed [rate, term etc, if capital gain]`

Thanks for your support and clarification

Sir, I have nil Turnover in GST of a contractor. .So , In income tax also , there is NIL turnover.
Sir , I am filing ITR for this.But Sir, In 26AS , there is amount received from contractee , in which TDS deducted u/s 194C
I want to know , under which income head , TDS u/s 194C , to report under corresponding Income offered in ITR .Since , I have NIL business turnover and so Sir where to report

I paid the tax through SBI debit card after 8 pm. It said challan will be generated on the next day. Where can i find the challan?

My company engaged in construction business, collect advance against flat booking and construction carry out.they registered the flat after completion of flats, sale booked against registery of flat to buyers at appropriate authority, they collect advance against issue of demand letter. At the time before introduction of GST i.e. july 2017, if he collects advance by charging service tax and receive the amount after july 2017, he collects or liable to deposit service tax or GST? Demand leter is consider as invoice or not?because this tipe of demand letter not booked in books of accounts, amount collets through this demand leter and booked as an advance in party account, consider as sale when registery is complete. Jf he collect money through demand letter after GST era, ahainst demand issued in Servics Tax era, is he collect And deposit service tax agaist those demands?