This is commision on sale with with credit card ..So can I show it under 44ad as presumptive business income ..My friend uses his credit card for commission sale and in AIS it was showing credit card payment of 14 lakhs .. mostly done for credit card sale .So is that sufficient to file 44ad with showing profit of 12 percentage.

Dear Sir
When I filed my ITR1 return on 27th June, 2024 I received defective notice which is given below.
My total income under u/s194C is only Rs.1,92,203/- & TDS is deducted Rs.1,924/- I am a SENIOR CITIZEN.
The return of income filed by you as per the above details is considered as defective with-in the meaning of section 139(9) of the IT Act for the following reason:
Reason
Probable Resolution
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.

Now I tried filing ITR3 but I got struck under Nature of Business
Other than those declaring Income under sections 44AD, 44ADA and 44AE . This field is mandatory.

Please advise me which ITR Form I have to file because I have to reply to the department on or before 16th July, 2024.
Thanks & Regards
Subramanian
Cell # 9987377454

Hi I am a film artist and tds deducted under 194c ..can I file itr 4 and furnish under 44 ada or 44ad which is appropriate please answer

Ineligible ITC has been claimed in FY 23-24, now in which column should it be reversed in 3B of June 24?

Hi ,

I provide freelance medical writing services to agency. They deducted my TDS under 194 JB and 194C. I filed my ITR 1 and CPC sent me message that defective filing (below is the message). Kindly guide me which ITR it will be applicable

You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
Probable Resolution
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable.

Thanks and Regards
Rajesh

I have to submit several Affidavits and Indemnity bonds for applying for duplicate share certificates. These documents have to be executed on stamp paper. While filling stamp paper, we have to fill in " Consideration Amount". Since duplication procedure does not involve any transactions in terms of sale/purchase, what should be filled against Consideration Amount? Similarly for claiming dividends/share certificates from IEPF portal, we are required to submit the auto generated Indemnity bond on stamp paper. In this case also, no transaction is involved. So what should be the Consideration amount?

ABC company is purchase of Motor CRUISER Vehicle and this Vehicle use in our business for transfer of employees, this vehicles is Taxi Parsing Vehicle.

is ITC of this vehicle available for this company??

or

can we purchase vehicle on the name of authorized person's Wife and show it as a business of Renting vehicle.

Hey. I just cleared my CA intermediate and going on for articleship but want to do a side course till my finals … so should I go for actuarial science ? Is it a good combination? And need details about actuary

Dear Sir
For NRI , we are filing Income Tax through ITR 2 ,

We have details of interest earned from NRO Account , which is reflected in 26AS Traces .

Do we also need to show the Interest Earned through NRE Account , if Yes then under which section it should be shown

Seek Guidance

Thanks

Sir
If updated return becomesinvalid then department should consider last valid return which was revised return in my case. What if department is saying that they will consider only latest return which was updated return which went invalid. I do not want to file another updated return. They are treating as no return filed for that assessment year. What can I do now