44AD return filing

please mentioned mentioned notice descripttion here then we suggest

Originally posted by : Siya Gupta
	sir in normal trading activities i fill my return in 44AD. can i get notic from depatment if i fill all data correct or normal quiery notic to prove turnover or any other manner.please describe this...

Always keep in mind the Key terms are " Gross Receipts/Turnover " and "Presumed/Deemed " . Once under these special "Presumptive " provisions of IT act the assesse is considered to be sailing in safe waters till the following conditions are maintained :

* Turnover is withing the upper threshold limit of the said section  and genuine/actual turnover is honestly declared/reported.

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* Presumed Rate of minimum 6%/8% (as the case may be) or above is declared .

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* All credits/receipts whether in cash or through electronics modes have direct nexus with declared turnover/gross bussiness receipts .

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* All debits/investments/expenses(whether in nature of personal or bussiness ) whether in cash or through electronic modes have direct nexus with the declared turnover/gross bussiness receipts .

Any expense or any receipt which is  proved to have  Occurred  not out of the declared receipts will be considered to have Occurred  out of undisclosed bussiness receipts/turnover and will held an assesse to be offender under "Under reporting/Mis reporting of income ".

Originally posted by : FAHEEM AKRAM
	a teacher which ITR is better??

ITR form selection is based on many things :-

*  Is this teaching carried on for some institution under its payroll ?
* If answer to above point is "NO" , then is this teaching carried on in casual manner as home tution or as a visiting faculty ?
* Is this your major source of income or your major source of income is earned by some other means ?
* Are you running some institution where you too are  teaching along with other hired teaching staff  ?
* Which F.Y/A.Y  ?