Is Sec 44AD Applicable for a partnership firm carrying Software Development or IT Enabled business. If yes please state the nature of income code for filing ITR 4 under sec 44AD. As Codes like 140001, 140002 for software related business is not showing for Sec 44AD columns. Please revert as early as possible.
Firm having turnover of more than Rs. 1 crore but less than Rs. 2 crore and profit is more than 8% of the turnover. Whether Tax audit u/s 44AB or 44AD is required or not?
If Mobile Shop(main business) owner receives rent from vehicle (Auto) then Vehicle rent is business income or income from other sources?
My name in PAN Card is printed correctly as "ASHIKA" but my name in PAN database is "ASHINA" which is incorrect. Is there any way for correction of my name in PAN database without changing the PAN number.
Whether GST input of Marine insurance policy eligible?
Dear Sir/Madam,
One of our customer has noticed and came out that it was done billing under unregistered instead of registered customer. Bill is belongs to Oct 2017 and now there is no option for doing a amendment. Kindly guide what to do for changing it to B2B vehicles.
Thanks,
Regards,
Mallika.P
Hi
Pls suggest if someone purchase tractor in one month and sale in another month and made a profit of Rs 100000/-Please suggest income tax treatment.
Hi
Please suggest what will be income tax treatment of Insurance claim received due to roads accident.
A person who has been filled the IT return of F.Y. 2015-16 and 2016-17 but not filled 2017-18 and now he wants to file return of F.y. 2018-19 than what treatment should be done. Pls. Quickly reply.
Hi,
Is there any case law which is supporting the above statement? or any other supporting from Act.
Your response is of great help.
Regards,
Prasanna
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Sec 44ad