Hi
One of my friend is paid as a consultant and not a regular employee. He is being paid after deduction of TDS. every month. Under which section he has to show the income, under Sec 44AD or Sec 44ADA? Is Tax Audit is required? He is not maintaining any account. The payment is getting credited every month in his bank account which is the only source of Income.
Dear Experts.
Pls interpret the difference between exempt, Nil Rayed, Zero Rated supply.
Thanks
ASAP
for the Financial year 2018-19 ( assessment year 2019-20) , I have pension under EPS 95 for self and also one pension as dependent father after the expiry of my child.
for the Income tax purposes , what will be the treatment of both these pensions and what will be the deductions allowed?
Goel
Sir/Madam,
Can u plz tell me whether any subsidy received from State Govt by farmers is taxable in the hands of farmers? If yes,under which section and which head?
Dear Expert,
During FY 2018-19, my daughter ( MCA qualified ) had earned monthly cash income from private tuition to the students. She is also having interest income on FD from bank on which TDS was deducted by bank. Earlier, she was filing ITR-1 as there was no income from tuition in previous years. Please give your valuable opinion on the following:
1) Which form of ITR should she use for filing Return for AY 2019-20 ?
2) In case of ITR-4, in which code, she may show her tuition income.
3) In case of ITR-4, she may show her tuition income in 44 AD or 44 ADA, please specify code.
Thanks,
D K Kharbanda
Hi Expert,
This is a request , i filed income tax return last year for the financial year 2017-2018 first time. I have filed one time but i want to do not file in this year for the financial year 2018-2019. That, may i leave in this year. will it raise notice from income tax department on my PAN Card number regarding not filed ITR for the year 2018-2019. And I aware to you, i filed income tax return last year Nill tax paid. i show the income below 250000. please help me in this case.
I will highly thankful to you.
commission received from insurance company as agent, where do we need to show the same in ITR?
We have a clarification on sale of Land in GST, where we can shown sale of land in GSTR1 and what is the HSN code for Sale of Land
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
Filing returns for contract employee in a company