itr 3 help


Akhil (Student CA )     31 July 2019

Akhil
Student CA  
 43 likes  736 points

| My Other Post

i am having 44ad income of 5lacs and agriculture income of 90k and i hv filled 44ad income seperately (as provided in schedule p&l) and schedule bp automatically reflectng the 44ad income and tax also calculated accordingly.....but while saving the X M L it is showing ...please ensure p&l and bs are filled if not retrun vl b treated as defective 139(9) .....wat to doooo?

rishabhsharma (Article Assistant)     31 July 2019

rishabhsharma
Article Assistant 
 3 likes  135 points

View Profile | My Other Post

Please fill Balance sheet or balance sheet particulars of no account case and check.

  

avater

Akhil (Student CA )     31 July 2019

Akhil
Student CA  
 43 likes  736 points

View Profile | My Other Post

if i opt for no accounts case then b,c interest are calculated as if i am not opting for 44ad....

rishabhsharma (Article Assistant)     31 July 2019

rishabhsharma
Article Assistant 
 3 likes  135 points

View Profile | My Other Post

Originally posted by : Akhil
if i opt for no accounts case then b,c interest are calculated as if i am not opting for 44ad....

If you have 44AD income, you have to enter the same in Sr. no. 61 of Profit and Loss account.

Enter gross receipts and calculate 6/8% presumptive income.

As per validation rules, Income under section 44AD/44ADA/44AE is greater than "Zero" then filling of particulars for "No accounts case" (S.No 6) is mandatory. so you have to enter balance sheet particulars(Sundry debtors, Sundry creditors, stock in trade and cash balance)

I don't think section 234B and C interest will be applicable on you.. 

avater

Kapadia Pravin   31 July 2019

Kapadia Pravin

 830 likes  13019 points

View Profile | My Other Post

Also check Sr.No. 64

avater

Akhil (Student CA )     31 July 2019

Akhil
Student CA  
 43 likes  736 points

View Profile | My Other Post

thanks @ rishabh

rishabhsharma (Article Assistant)     31 July 2019

rishabhsharma
Article Assistant 
 3 likes  135 points

View Profile | My Other Post

Originally posted by : Kapadia Pravin
Also check Sr.No. 64

Do not fill Sr. no 64 if you have income u/s 44AD/44ADA/44AE.

avater

Kapadia Pravin   31 July 2019

Kapadia Pravin

 830 likes  13019 points

View Profile | My Other Post

And also no need to fill 1 to 60

rishabhsharma (Article Assistant)     31 July 2019

rishabhsharma
Article Assistant 
 3 likes  135 points

View Profile | My Other Post

Originally posted by : Kapadia Pravin
And also no need to fill 1 to 60

correct


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »