Any other modee

Sir I want to know that previously I have filed my income tax return under section 44AD and my turnover cash and th bank tfd both are shown in the any other mode column for the since long.Now I want to know that what can I do,can income tax department penalised me please guide me.Thanks
Replies (3)
Quick Summary
This discussion addresses concerns about declaring income under the 'Any Other Mode' column in income tax returns, particularly when using Section 44AD. The user has previously shown cash and bank turnover in this category. They are seeking clarification on whether this practice is acceptable and if it could lead to penalties from the income tax department. The advice given suggests that as long as tax is calculated at 8% on income declared under 'Any Other Mode', there should be no issue.

FD show under income from other source
Sir my query is that I have shown my gross sales in the head of any other mode whereas out of this gross sales some of the amount has been direct deposit th.Rtgs, Google pay bank transferred by our customers and whereas I have calculated the gross sales in cash or online transferred and shown in any other mode.Thanks
Since you have shown it in any other mode tax is calculated at 8%. so no problem...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details