Urgent - itr
This query is : Resolved
09 August 2014
Respected sir, an assessee is having non specified presumptive professional income as well as having exempt income exceeding Rs.5,000/-, due to which ITR 4S cannot be filed as column no.29 of ITR4S requires to enter exempt income upto Rs.5000/-. If ITR 4 is filed then the benefit of presumptive provisions u/s-44AD cannot be claimed as the net profit exceeds Rs.1,20,000/- & so the assessee is required to maintain books of accounts then. Can the assessee file ITR 2 to avoid both these problems by showing the income under IFOS or will there be any problem if the assessee do not shows exempt income at all in ITR4S or any other alternative?? Plz suggest.
09 August 2014
you have to file itr-4 FOR INCOME TAX RETURN.
Message likes :
1 times
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
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
