Income tax queries

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.

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