It return for ay 2012-13
This query is : Resolved
15 June 2013
Sir,
If I want to file IT return for FY 2011-12 under section 44ad as belated 139(4). Is it possible or not..?
If I want to file IT return for FY 2011-12 under section 44ad as belated 139(4). Is it possible or not..?
15 June 2013
Yes , you can file the return for AY 2012-13.
.
.
15 June 2013
& sir
if i file itr-4 under section 44ad & mention detail in No Account Case.
Now what should be mentioned in column no. 33i ( section 44ad) 0 or net profit amt..?
if i file itr-4 under section 44ad & mention detail in No Account Case.
Now what should be mentioned in column no. 33i ( section 44ad) 0 or net profit amt..?
15 June 2013
u/s 44Ad you have to declare 8% of net income of receipts.
but if your income is more than exemption limit than you have to have panelty for non filing return on time.
if you case is ( below 8%) audit case and income is more than exemption limit than also you have to face panelty.
if your income below exemption limit than you can file return.
but if your income is more than exemption limit than you have to have panelty for non filing return on time.
if you case is ( below 8%) audit case and income is more than exemption limit than also you have to face panelty.
if your income below exemption limit than you can file return.
15 June 2013
If you are filling return u/s 44AD, you should file ITR-4S,
In ITR-4S go to NOB BP sheet and fill gross turnover in E1 and net profit (which should be greater than 8% of turnover) in E2
In ITR-4S go to NOB BP sheet and fill gross turnover in E1 and net profit (which should be greater than 8% of turnover) in E2
15 June 2013
https://www.caclubindia.com/experts/section-44ad-1335154.asp
as per above link ITR-4 suggested
as per above link ITR-4 suggested
15 June 2013
https://www.caclubindia.com/experts/section-44ad-1335154.asp
as per above link ITR-4 suggested
as per above link ITR-4 suggested
15 June 2013
following person can not find ITR-4S
1. having More than one House Property
2. Winning from lotteries/horse races
3. Capital gains not exempt from tax
4. Agricultural Business in excess of Rs. 5000
5. Speculative Business
6. Losses to be carried forward
if your income falls in any of above category then go for ITR-4, otherwise go for ITR-4S as it is specially made for person having presumptive income.
1. having More than one House Property
2. Winning from lotteries/horse races
3. Capital gains not exempt from tax
4. Agricultural Business in excess of Rs. 5000
5. Speculative Business
6. Losses to be carried forward
if your income falls in any of above category then go for ITR-4, otherwise go for ITR-4S as it is specially made for person having presumptive income.
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