my client has two business both are service oriented.
he took a gst no. of one business which is non specified profession which he filed nil gst return of PY 2018-19. cz he could not start that business for family reasons.
his another business(specified profession) is running but do not have gst no. of that. but he got receipts from that business worth rs. 600000 in PY 2018-19.
my query is, how to file his itr . ??
whether it is correct to file 0 receipts in sec44ad of non specified business and 600000 receipts in sec 44ada and claim profit accordingly. ?.
Menu
Multiple business income tax return
Replies (4)
Can maintain Books of accounts either not then go and file 44AD under
It's not required to report Nil income or zero Receipts from business not yet started.
-----
It is as usual required to show 6 Lakhs gross receipts under 44ADA and income will be either minimum 50% that is 3 lakhs or actual income whichever is higher.
File ITR immediately with late fee .
-----
It is as usual required to show 6 Lakhs gross receipts under 44ADA and income will be either minimum 50% that is 3 lakhs or actual income whichever is higher.
File ITR immediately with late fee .
@ Prince Verma.,
Can You give details of Your business and profession....?
Can You give details of Your business and profession....?
@ RAJA P M
GST reg no. business is advertising activites related and.
another business from which receipts 600000 is teaching profession.
GST reg no. business is advertising activites related and.
another business from which receipts 600000 is teaching profession.
Recent Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
