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itr 4

Others 312 views 10 replies
can income tax department ask for bank statement in case of presumptive income, income tax notice
Replies (10)

Yes ... 

 

Yes... ITD ask bank account statement of notice issued...
sir as my 26 as Rs.4,00,000 is part of professional fees (94j TDS deducted on it),but there is a figure of rs 19200 on TDS deducted under section 94 c,

now my income is 419200 as per 26 as, in ITR 4 I show Rs 4,00,000/- under 44ada, but where I need to show balance Rs 19200.

Depends upon nature of deduction.... if it was for profession fees (insted of 94J deducted under 94C) you can ask deductor to rectify the return........ or for what purpose TDS deducted u/s. 194C?

I charged from him for maintaining website for the year

Better to declare aggregate income under Sec. 44ADA itself.

Though query may be raised, may be as defective return, but you can reply about the assessment of aggregate income under sec. 44ADA.

income tax department send me notice for this mismatch with wordings " There is inconsistency in the amount
shown in Sr.no.E1 under 44AD[Profits and
gains of business on presumptive basis]
of Schedule BP and receipts available in
Form 26AS against section 194C[Payment
to contractors]

If you had not declared the income earlier, accept the defect......... or justify your claim as replied earlier.

respected sir, in original I had omitted to declare some income, because of this I am going to file revised return.can you suggest me where I show Rs 19500- on which TDS DEDUCTED U/S 94C ,

IN GROSS RECEIPT OR IN INCOME FROM OTHER SOURCES....

In Gross receipts ....

 


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