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Itr2 for AY 21/22

Mahesh Shah (584 Points)

30 July 2021  
while filling itr2 for AY 21/22...I have selected NO for foreign income schedule
but in preview schedule it is showing YES
how to remove this bug?

 23 Replies

N Das (164 Points)
Replied 30 July 2021

I think this is a system issue. Please wait further for system update.

Mahesh Shah (584 Points)
Replied 30 July 2021

Ok....thx a lot

Jimmy Shergil (Chairman) (70 Points)
Replied 31 July 2021

Is ITR 3 utility available for FY 2020-21

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

No, return filing utility for Form ITR 3 is stil not available.
change to come only in August
1 Like

Deepak Kumar (712 Points)
Replied 31 July 2021

ITR 3 utility is not available for Fy 20-21 in income tax portal only available ITR1,2 and 4

Jimmy Shergil (Chairman) (70 Points)
Replied 31 July 2021

Which form required to be filed if I have a business income and salary income

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

Which business and Turnovers?

Jimmy Shergil (Chairman) (70 Points)
Replied 31 July 2021

Ready made Garment Trading, Sale of last year was around Rs. 1.5 cr

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

You can file form ITR 4 and show business income u/s 44AD as your Turnovers is less than 2 cr.
1 Like

Jimmy Shergil (Chairman) (70 Points)
Replied 31 July 2021

How much tax i have to pay in that case, as i am not preparing profit & loss account

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

You are not required to maintain books of accounts, if you are declaring your business income u/s 44AD i.e presumptive taxation
1 Like

Jimmy Shergil (Chairman) (70 Points)
Replied 31 July 2021

OK, I that case Have to compulsory declare 8% as profit of business

 

Deepak Kumar (712 Points)
Replied 31 July 2021

I think you have file ITR-3 its relevant for you and your turnover is mor than 1 crore then Account shoulb be Audited its my openion sir
1 Like

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

If payment of sale received in cash than 8%, if in cheque than 6% as the case may be.
this is a minimum profit u have to show, you can show higher if u want
1 Like

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