Survey u/s 133a
This query is : Open
30 November 2012
servey by income tax on 18/01/2012 & Disclosed Rs.2,50,00,000.by negative cash.
my Question is as Under.
1) my Regular T.o is Below Rs,60,00,000/-
Can I File Return U/s 44AD
2)Can Scrutiny is Compalsory in Servey Case?
3)How Can Entry made in Books Of A/c Of Disclosed Income
4) How Can Treat In return of income as a Income from other or business
my Question is as Under.
1) my Regular T.o is Below Rs,60,00,000/-
Can I File Return U/s 44AD
2)Can Scrutiny is Compalsory in Servey Case?
3)How Can Entry made in Books Of A/c Of Disclosed Income
4) How Can Treat In return of income as a Income from other or business
30 November 2012
1.When survey is undertaken on 18.01.2012,the accounting yr 2011-12( Asst2012-13) income tax return will be converted to Scrutiny.
2.If T.O is below Rs.60.00 lakhs, return can be filed U/s44AD.In that case the Negative cash offered may be taken as "Income from Other sources".
3.The income offered may be credited to Capital a/c and offered as Income.
2.If T.O is below Rs.60.00 lakhs, return can be filed U/s44AD.In that case the Negative cash offered may be taken as "Income from Other sources".
3.The income offered may be credited to Capital a/c and offered as Income.
30 November 2012
Thanks a lot
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- FEMA regulation Act. for inward remitance
- Difff in ais receipts and gst turnover
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
