Tax planning
This query is : Resolved
Sivaramakrishna MBA
(Querist)
24 April 2019
Hai Friends Good Afternun
One Client Reached Us For Tax planning purposes which already income tax assessee.
For AY 16-17 He Filed His Income Under Professional Basis But Not Filed For AY 17-18 And 18-19.
Now He Was Saying As Income Under Trading N Need Of Returns.
Can We Change His Income From Profession To Trading?
Kindly Conclude Us..
Thank You All For Your Precious Time Spending For Guiding Us.
One Client Reached Us For Tax planning purposes which already income tax assessee.
For AY 16-17 He Filed His Income Under Professional Basis But Not Filed For AY 17-18 And 18-19.
Now He Was Saying As Income Under Trading N Need Of Returns.
Can We Change His Income From Profession To Trading?
Kindly Conclude Us..
Thank You All For Your Precious Time Spending For Guiding Us.
CA AnKiT BoHrA (AB)
(Expert)
24 April 2019
yes you can do , ITR depends on the business of the person in the year of return.. so you can change that if the business has been changed
Message likes :
1 times
Sivaramakrishna MBA
(Querist)
30 April 2019
Very Thank You Ankit Ji For Your Reply.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
