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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
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
