FOR AY 2015-2016 , UNABLE TO REVISE A BELATED RETURN U/S 139(5) .
Query ?
Original income tax return filed on 29/03/2017 for AY 2015-2016 ( ITR 4S ) , BUT I WANT TO REVISE THAT RETURN 139(5) AND THAT'S WHY When i am trying to file that revised return , but an error msg has been shown
" due date has been expired under which section original return filed " i.e, belated return cannot be revised ,
So at present i cannot revise or rectify that return , but i want to change that return AY 2015-2016 as early as possible .

how is it possible and under which section ?

( NOTE : ONLY QUALIFIED CA CAN REPLY THIS QUERY )

Regards.

An NRI is earning income from business in India during the FY 2018-19 & his turnover from business is about Rs. 45 Lakh.

Now,
1) Is he liable to get his accounts audited u/s 44AB of IT Acit, 1961?
OR
2) Is he file an IT return for AY 2019-20 u/s 44AD
OR
3) He is liable to maintain accounts only and file IT return without getting his BOA audited u/s 44 AB of IT act, 1961.

Please Help.

Regards

Hello..One of my relative have not filed Income Tax return for last 4 years. He is NRI. Now he wants to file returns, but he forgot his Login Password. Trying to recover password, but only option to recover password is OTP on phone.
Now the problem is the mobile was of India, which is currently unactive.
What should I do?

MY CLIENT FILED I T RETURN ASSESSMENT 2017-2018 AND ACKNOWLEDGMENT NOT SEND TO CPC NOW THE RETURN NOT PROCESS BY THE CPC NOW WHAT SHOULD I DO NOW PLEASE GUIDE ME

Dear Sir,

Cash payment to Transporter is limit Rs.35000/-

Is Limit for per Transpoter or per day payment ??

Thanking You

Sir, a demand arose for my revise return as i only e verified my revised return which was filed after the due date....now sir i paid the challan 5 days ago....what is to be fone now....i cant file a revised return with the challan cause 31st march has passed but i had paid the challan on 29th march....please guide me what to do cause it is still showing the amount as pending in demands..

Is gift of more than 2 lakh by grand mother to grand son who earns more than 15 lakh Tax free ?
Where such gift deed be registered ? Because Registrar office refused to registered gift deed of money.

Hello Sir,

If some one got salary 50000 per month and he is Salaried person. so, there 50,000 X 12 = 6,00,000/- In that case tax nill on 2,50,000 remainning 3.50,000/- we deduct @ 5% tds which is Rs.17,500/- In monthly case, if we pay 50000/- that person that means we deduct 1458 tds. am I right or wrong. after that how much amount deduct for PT (professional tax) please suggest anyone.

Read more at: https://www.caclubindia.com/forum/tds-amp-pt-professional-tax--509330.asp

DEAR SIR,

ONE OF MY CLIENT'S ANNUAL TURN OVER FOR THE YEAR 2017-18 RS. 13100000/- AND ALSO HIS ACCOUNTS GET'S AUDITED BY THE CHARTERED ACCOUNTANT. NOW MY QUESTION IS HE SHOULD FILE WHICH ANNUAL RETURN WHETHER GSTR 9 OR GSTR 9C. PLEASE CLARIFY ME.

REGARDS

If all directors are interested in pvt. ltd. company. How we can pass Board resoltion for realted party transactions because interested directors will not participate in board meeting. Is their any exemption for pvt. ltd. company.?