Income-tax filing

Kindly provide details in more depth. You said you filed the returns. Then in the immediate statement you are asking whether it can be filed or not? Kindly explain your query. 

Also please provide the income details for all the years, your proprietary income as well as other sources income. 

Also provide the turnover for all the years.

Please put your query with facts and do not supress. There is contradction in your statements so who can help?

Hi,

I am sorry for creating the confusion. I have not filed for returns since last 3-4 years.

2012-2013: Company Turnover was - 648,402.72

2013-2014: Company Turnover was - 887,091.13

I don't have any other incomes. All the bills happen in the name of the company. I have not filed for both the above mentioned years. I am yet to work on the 2014-2015 details. The above includes my payment, server charges, domain name renewal charges (I do websites, sell domain names and servers to clients).

Please let me know if you need any further information. I need suggestion and advice.

Warm Regards,

Venkatesha

Well looking at the turnover, you can take the profits as per sec 44AD,I.e 8% of turnover. Hence for those years your gross total income does not exceed the basic exemption limit and hence return filing is not mandatory.

Needless to say, while filing income tax return in case a person is having a proprietary business, there may be personal incomes such as interest on FD, rd, bank interest etc. Apart from that if there are share transactions and if sold then even that is subjected to taxation. The list is just illustrative.

HI,

Greentings of the day,

From the information which you have provided i can say that you are not allowed file a ITR of 2012-13 it is too late dept will not accept your return u/s 139(4) you have file under other section provided if have received a notice from the department u/s 148

For the year 13-14 you can file the return