Notice 2013-14 and other urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2016
Good Morning
Sir, my friend recd one notice from income tax department for non filling itr f.y.2013-14, and his amount shown in 26 as 10 lacs to and tds 10000 , so give me notes ..what can i do for this case..
1 ) because f.y.2013-14 return date closed
and also pending f.y2014-15 and 2015-16 return
2) he doing business so i get benefit 44ad higher profit of 25%
3) in future any assesment notice received agst 2013-14 for 25% profit (he cannot maint. books so how to clarify that expenses.) any case law releted 44 Ad assessment
Sir, my friend recd one notice from income tax department for non filling itr f.y.2013-14, and his amount shown in 26 as 10 lacs to and tds 10000 , so give me notes ..what can i do for this case..
1 ) because f.y.2013-14 return date closed
and also pending f.y2014-15 and 2015-16 return
2) he doing business so i get benefit 44ad higher profit of 25%
3) in future any assesment notice received agst 2013-14 for 25% profit (he cannot maint. books so how to clarify that expenses.) any case law releted 44 Ad assessment
23 July 2016
You should immediately file the pending returns for AY 2015-16 and AY 16-17. Also your query requires clarity.
Abhimanyu Jhamba
CA/ Advocate
9218999999
Abhimanyu Jhamba
CA/ Advocate
9218999999
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
