Income tax queries

Tax queries 321 views 5 replies

Please help me to know the procedure from start to end. my friend is a professional (lawyer,doctor). no books of accounts maintained, he just have bills which he issued to the client, and tds certificates which his client issued to him.

how to start from begining, where to start to prepre income statement, deduction under chapter IV, and tds.

how to register on income tax site, with his PAN no. and all procedure.

please guide in detail.

as I knw the itr filing, but lots of confusion in mind, so unable to link it properly from start to end.

 

dear experts, please help.

Replies (5)

Meenu,

Your friend is engaged in profession and providing services in professional capacity.....ok

You don't need to confuse,
as first step, collect of the information related that year, for which you are going to prepare return.
thereafter, prepare receipt and payment account , income and expenditure account and balance sheet so that you can find out the figures of profit or loss  for the year.
completion of above excercise/assignment, relevant material will be available for income tax return

 

To create your online account and to prepare return, all material is available on link, please refer
https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Registration_Services.pdf

i have taken a housing loan of 6 lakhs this year. where shoudl i show thia amount in my ITR filing.

i have taken a housing loan of 6 lakhs this year. where shoudl i show thia amount in my ITR filing.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details