While filing presumptive income u/s 44 ad or 44 ada the itr-4 is asking us to fill the total balance sheet which is not logical. When the books are not being maintained how can we make balance sheet. One one side the income tax department is asking us to file on non-account case and simultaneously on other side the income tax department is asking the assessee in ITR-4 to fill the total balance sheet. It is not possible unless and until books are maintained. Please pass your comments on my views. I shall be highly obliged to u.
Dear Sir,
A housewife having no other income sold house and earned long term capital gain for Rs.8720/- on which Income tax @20% is Rs.1744/-.
Question is- whether a lady should submit ITR with tax payment?
as due to only LTCG whether she is required to file IT return or not.
Sir/Ma'am
I have applied for GST Registration but the tax officer department rejected the application for want of ownership proof of lessor.
My question is "can tax officer demands ownership proof of lessor", when it is rent. I have already furnished Rent Agreement.
Also can tax officer demands excess documents apart from required for registration mentioned and required to upload on the GST Portal
SIR I HAVE INCOME FROM JOBWORK OF HANDICARFT ITEM NOW I WANT TO ASK YOU WHICH FORM I SHOULD USE TO FILE MY ITR EARLIER I USE ITR 4S BUT NOW IN NATURE OF BUSINESS CATEGORY OF ITR FORM CHANGE "SHOULD I SELECT 06010 CODE FOR OTHER CONTRUCTION ACTIVITY OF WHAT PLEASE REPLY ME
Read more at: https://www.caclubindia.com/experts/jobwork-of-handicraft-iten-2663899.asp
Is there any option(other than to fix it in dept) to get User id on GST portal without having registered mail id?
As my client's number is registered on portal but email id is registered of another person and he doesn't want to give him.
Hello Experts,
Suppose Mr. X runs a business of turnover under ₹12 laks with his two sons and pays salary to them ₹1.8 lakhs each with assumption ₹10000 each first day and ₹5000 each next day in every month as he doesn't maintain books of accounts and opts 44AD for showing his income under basic exemption limit and doesn't deduct tds on salary paid to his sons as salary paid to them is less than basic exemption limit. So, is there any contravention to any law?
I HAVE RECEIVED TAX INTIMATION U/S 143(1) FOR F/Y 16-17 A/Y 17-18 SHOWING DEMAND OF 550 ON ACCOUNT OF INTEREST U/S 234
ON FILLING CHALLAN 280 WHICH OPTION WILL I CHOOSE AS TYPE OF PAYMENT
WHERE WILL I QUOTE THE DEMAND IDENTIFICATION NUMBER
Dear Sir,/Mam,
I have received notice for. Adjustments u/s 143(1)(a), due date of response was 01/06/2018, same is over, still i haven't submitted answer for the same. now i want to answer for the said notice, as i have refund here. Request you to please guide how to answer/response for the said notice for. Adjustments u/s 143(1)(a). as when i'm selecting response option window for the same has been closed, what to do???
Please do the needful.
Read more at: https://www.caclubindia.com/experts/notice-for-adjustments-u-s-143-1-a-due-date-over-2668254.asp
A Proprietorship firm having business turnover less than 1 crore wants to show profit less than 8%/6%. Is he required to gets his accounts audited? If in this situation his turnover is between 1 crore to 2 crore than what happened?
Dear sir/Madam,
My son is working in a Private Ltd company for which he has been receiving monthly salary. At the same times, he works/supports occasionally for direct selling firm during his spare hours for which receives commission which was amount of average 1000/- per month. TDS was deducted also while paying the commission. Now, the form 25AS shows, the salary details and its TDS and commission and its TDS.
Now, he wants to file his ITR. Though the Salary has been the main source of income, the inclusion of commission/TDS throw a confusion for selecting the correct ITR form for this assessment year 2018-19.
Kindly help him to choose the correct ITR form for filing his ITR.
Thanking you,
regards
raman.K
All Subjects Combo (Regular Batch) Jan & May 26
Presumptive income