Itr2 for AY 21/22

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?
Replies (23)
Quick Summary
This discussion addresses a bug in ITR 2 for AY 21/22 where the foreign income schedule incorrectly shows 'Yes' despite being selected as 'No'. It also clarifies that the ITR 3 utility for FY 2020-21 was not available until August. Furthermore, it guides users on filing ITR 4 for business income under presumptive taxation (Section 44AD) with turnovers up to Rs. 1.5 crore, explaining tax implications and the need for specific details even without full books of accounts. The discussion also covers tax audit applicability based on turnover and cash/cheque payment ratios.

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

Is ITR 3 utility available for FY 2020-21

No, return filing utility for Form ITR 3 is stil not available.
change to come only in August
ITR 3 utility is not available for Fy 20-21 in income tax portal only available ITR1,2 and 4

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

Which business and Turnovers?

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

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

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

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

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

 

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
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

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