Filing of it return

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Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2013 I hav a business, i want to make filing of IT return for AY-2012-13 and AY-2013-14 u/s 44AD, plz guide me how to move and any documents required ( this is my first return). Is it possible to file if yes tell me the which itr

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 December 2013 dear friend,

given that these are belated returns, I advise you to take professional advise and not take this matter in your own hands.

Regardless above, you need to compute your total turnover during each year, compute profit at 8% on the same and calculate tax amount on this computed profit. Also compute interest payable on account of delayed filings.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 December 2013 yes correctly suggested.

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2013 Thanks mr.nikhil, i know how to file return and compute tax u/s 44AD but i dnt have experience regarding to filing first return and belated return. suggest me the required documents to be kept for safe side for filing first return

Nikhil Kaushik

Nikhil Kaushik (Expert)
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31 December 2013 1. evidence for the turnover proposed to be claimed in the return. Thats all what is required for 44AD return.

2. it doesn't matter whether it is in time return or belated return. - documentation remains same.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 thanq mr.nikhil for the matter, but still i didnt get the clarity about the evidence., i mean what type of evidence

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 January 2014 FOR 44AD, you just need the turnover proof, which could be VAT returns, invoices etc.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 January 2014 Should have bank book entries of sales in pass book and cash sales.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 thnq for giving such valuable information and one more query which itr can i file u/s44AD

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 January 2014 please use ITR -4S for 44AD.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 i hav itr 4s but it will not shown 44AD it will shown only 44AE

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 January 2014 please check that again my friend and as I said earlier, since you don't have much idea on taxation, kindly hire a professional to do it for you.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 k mr. nikhil thnq

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