SFT 015 AND 016 AND 17
This query is : Resolved
16 July 2023
DEAR SIR,
SFT INFORMATION REPORTED IN THE INCOME TAX PORTAL SHOULD WE CONSIDER THE INFORMATION REPORTED TO INCOME TAX DEPARTMENT WHILE FILING INCOME TAX RETURN AND THE INFORMATION REPORTED IF WE IGNORE WHAT WILL BE THE CONSEQUENCES
THANK YOU
REGARDS
SFT INFORMATION REPORTED IN THE INCOME TAX PORTAL SHOULD WE CONSIDER THE INFORMATION REPORTED TO INCOME TAX DEPARTMENT WHILE FILING INCOME TAX RETURN AND THE INFORMATION REPORTED IF WE IGNORE WHAT WILL BE THE CONSEQUENCES
THANK YOU
REGARDS
16 July 2023
Yes, mandatorily.
Chances of getting notice as defective return.
Chances of getting notice as defective return.
16 July 2023
THANK YOU SIR,
THE INFORMATION IN THE PORTAL SOME ENTRIES ARE MISMATCH BUT I HAVE FILED IT RETURNS AS PER THE INFORMATION PROVIDED BY THE ASSESSEE OUR REPORTED IN HIS TRANSACTIONS LIKE DIVIDEND AND LISTED SHARES. IS IT OK
REGARDS
THE INFORMATION IN THE PORTAL SOME ENTRIES ARE MISMATCH BUT I HAVE FILED IT RETURNS AS PER THE INFORMATION PROVIDED BY THE ASSESSEE OUR REPORTED IN HIS TRANSACTIONS LIKE DIVIDEND AND LISTED SHARES. IS IT OK
REGARDS
16 July 2023
Yes, the dividend income & interest income declared in ITR should match bank passbook/statement. If there is any mismatch between the actual amount and that in AIS report, you can file feedback in the report.
16 July 2023
THANK YOU SIR,
DEAR SIR LIC COMMISSION INCOME COMES U/S PRESUMPTIVE TAXATION BECAUSE HIS TOTAL RECEIPTS 1458321/- CAN WE DECLRE AS BUSINESS INCOME FILE ITR 3 OR ITR 4
REGARDS
DEAR SIR LIC COMMISSION INCOME COMES U/S PRESUMPTIVE TAXATION BECAUSE HIS TOTAL RECEIPTS 1458321/- CAN WE DECLRE AS BUSINESS INCOME FILE ITR 3 OR ITR 4
REGARDS
16 July 2023
LIC commission income cannot declared under presumptive assessment. File ITR 3 with books of accounts maintained.
16 July 2023
THANK YOU DEAR SIR,
SO WE CAN CREATE PROFIT AND LOSS A/C AND DEDUCT LESS EXPENDITURE FILE BELOW TAXABLE LIMIT DECLARE MINIMUM 20% MARGIN PROFIT.
THANK YOU SIR
SO WE CAN CREATE PROFIT AND LOSS A/C AND DEDUCT LESS EXPENDITURE FILE BELOW TAXABLE LIMIT DECLARE MINIMUM 20% MARGIN PROFIT.
THANK YOU SIR
16 July 2023
Yes, profit and loss account with all the actual expenditures deducted, whatever be profit margin. Check that cash expenses per day per person cannot be more than Rs. 10K.
Good Luck.
Good Luck.
17 July 2023
thank you sir all your replies
regards
regards
17 July 2023
You are welcome.
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