I need to know business code for Contractors. One of my friend did contract for a software company and company deducted Tax u/s 194C.Now he wants to show the amount received Under 44AD at 8% as profit. Please let me know the business code to be filled in ITR-3 form as he is also having LT capital gains and salary.
whether deemed Advance tax paid between 1st April to 31st March of Financial year and there after tax paid is deemed self assessment tax paid.
Home loan is in the name of of father but the repayment is made by son. Whether son is eligible for claiming interest on home loan.
One Pvt ltd is registered in 2021 & as per new agile form, they got mandatory registrations under pf & esi. But till april 23 they have not filed any pf/esi returns as they have not crossed the threshold nor filed the dormant status under esi.
But from may 23 they are liable to pay esi. So can they do anything for prior period compliances of pf & esi. And also further what do do with pf registration as this is still not applicable???
I filed my ITR [having business income] for A.Y. 2022-23 under new regime but forgot to submit the form 10IE. Income tax department later raised a demand.
Do I have an option to submit the form 10IE now or any other option that anyone can suggest?
Sir,
I resigned from private company where I put less than 5 years service and withdrawn entire EPF. EPF department paid the amount after deducting TDS 10% Rs 48000 during Mar'23. Immediately I paid advance tax Rs. 97000 during Mar 23.
Now while filing online return I selected year of TDS as 2022, since there is noboption for 2023 and entire amount as tds credit claimed this year. The system is calculating interest for delayed payment. There is no fault on myside.
Please help how resolve the issue.
Thanks & Regards,
hi,
filied the ITR 4 and validated everything...but while uploading it in income tax site it shows the error
"Business code u/s 44ADA is to be selected for income declared u/s 44ADA"
but i have done that i dont know y this problem is showing.. i called the CCare but that person told me to check in site for error related/how to file related things ( i found nothing)...
pls help
Mr. A had received arrears of pension from AY 2005-06 and he started to file Income tax return From AY 2015-16.
can he claim relief u/s 89(1) in AY 2023-24, if income tax return not filed in earlier years ?
Wallpaper work done at office premises is revenue expense or capital expense?? amount of expense is around 40,000/-
Diwali Bonus Entry in Tally ERP 9