Menu
ITR3 relared query
If previous return was ITR3 where balance sheet and profit & loss account shown So this year can be filed u/s 44AD???
Replies (2)
additional condition has been added by substituting sub section (4) of 44AD which is –
If you are opting for the presumptive scheme, you must
a. File presumptive scheme for at least 5 years in continuation
b. If you decide to show and file profits as per regular business (ITR-3) before the end of these 5 years, you will lose presumptive benefits and disallowed from presumptive taxation for the subsequent 5 years.
Please note that 5 years shall be counted starting the year in which you first file usual taxes for such business.
If you are opting for the presumptive scheme, you must
a. File presumptive scheme for at least 5 years in continuation
b. If you decide to show and file profits as per regular business (ITR-3) before the end of these 5 years, you will lose presumptive benefits and disallowed from presumptive taxation for the subsequent 5 years.
Please note that 5 years shall be counted starting the year in which you first file usual taxes for such business.
how to figure out while filing ITR3 if I have GST detail......how to know Department I have GST ?
pizza answer.....
pizza answer.....
Recent Threads
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
Related Threads
CAclubindia
