jyothi
31 May 2019 at 20:19

Error in itr3 filling-

This is the error
Defect:- Total Value of "Total Revenue from operations" and "Gross receipts"in P & L should be greater than or Equal to income u/s 44ADA in Schedule BP

Impact Income Tax Return may be treated as defective if assesse shows income under presumtive scheme basis without filing gross receipts or total sales fields in profit and loss account

Suggested resolution Please ensure that "Total Revenue from operations" and "Gross receipts" in P & L should be greater than or Equal to sum of income u/s 44ADA in Schedule BP

Have entered in P&L under sec 44ADA---Gross receipts -Rs 420937 and premuptive income u/s 44ADA as 399000. In schedule BP amounts are autopopulated.
Dont understand the error and resolution . Pls help


Vikas

I'm composition dealer . I had migrated from VAT to composition scheme. Now I am served with a notice from excise department to deposit tax on closing stock as on 30 June 2017. Do I have to deposit tax?


indrajit
31 May 2019 at 19:03

Capital gain

I purchase a Land in 1954 of Rs. 840.00, Now I sale the land in 2019 of Rs. 4800000.00. How I calculate Capital Gain Tax.


Prashant Balkrishna Thanekar
31 May 2019 at 18:11

Regarding closing stock valuation

Dear sirs,
We are calculating stock at cost or market price whichever low basis.
In this cost means what ?
Is it landing cost or what
How to calculate cost for inventory valuation


kuldeep jha
31 May 2019 at 17:40

Gstr3b or 2a micmatch

Sir my gst return FY 2017-18 showing mitch.i mean 3b is more than 2a also i field 3b rturn upto sep 2018 . please help with solution
Thanking you


samarjit dibaspati
31 May 2019 at 16:47

Trust

I AM RUNNING A TRUST (THE MAIN PURPOSE OF TRUST IS EDUCATIONAL) AND WANT TO START SCHOOL UNDER TRUST WITH DIFFERENT NAME.
1) AM I HAVE TO AMEND THE TRUST FOR OPENING SCHOOL. OR ONLY I NEED TO PASS RESOLUTION AND GET CERTIFIED BY ALL MEMBERS?
2) I ALSO NEED EPF IN THE NAME OF SCHOOL. WHAT ARE THE PAPER REQUIRED IF SCHOOL IS OPEN UNDER TRUST?


nithi
31 May 2019 at 16:38

Income tax reply letter

Sir,
In challan wrong pan number was entered by our assessee, so that we received a notice from Income tax office. For that reason can any one give me the format of reply letter to Income tax office.


JOHN BOSCO NIRMAL RAJ
31 May 2019 at 16:27

Immovable property

We are into producing power through Wind Turbine. Our question is whether Wind Turbine is Immovable or movable property according to GST law.


Krishna Joshi
31 May 2019 at 15:56

Related with form dpt-3

A COMPANY HAS TAKEN SECURED AND UNSECURED LOAN IN THE PERIOD OF 2017 to 2019 AND THE LOANS ARE REMAINING OUTSTANDING IN THE BOOKS OF COMPANY TILL 31.03.2019.

SO GUIDE ME IF THE COMPANY IS LIABLE TO FILE FORM DPT-3 , ONE TIME RETURN TO THE ROC WITHIN 29TH JUNE


Husen A. Dela
31 May 2019 at 15:53

Tax audit u/s 44ab

Individual or Firm having total income from business for FY 2018-19 of Rs.3,00,000/- and not opted for presumptive scheme is they liable to Tax Audit u/s 44AB ?

LLP or Pvt Ltd Co. having total income from business for FY 2018-19 of Rs.2,75,000/- is they liable to Tax Audit u/s 44AB ?





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