Why we pay tax on income....?

Respected Experts.,

One more question.....

Please give me the solution for my ITR for the AY 2016-17 & 2017-18...

I file my ITR for the AY 2016-17 of Presumptive scheme (ITR 4S) at the I'm not employed anywhere.

But, In AY 2017-18 Im employed and doing business like Sale of Plastic Bottles. TDS deducted my Employment.

Now, My questions are,

Can I file my ITR AY 2017-18 to Presumptive scheme like ITR 4 (AY 2017-18) Please give me your valuable reply...

I'm not file my return till date....

Thanks in Advance

Please reply

"Can I file my ITR AY 2017-18 to Presumptive scheme like ITR 4 (AY 2017-18) Please give me your valuable reply..."

YES.

Who can use this Return Form 4 (AY 2017-18)
This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income
for the assessment year 2017-18 includes:-
(a) Business income where such income is computed in accordance with special provisions
referred to in sections 44AD and 44AE of the Act for computation of business income; or
(b) Income from Profession where such income is computed in accordance with special
provisions referred to in sections 44ADA; or
(c) Salary/ Pension; or
(d) Income from One House Property (excluding cases where loss is brought forward from
previous years); or
(e) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

Thank you for the reply Mr..... Sir.,

Please reply My first question and Reasonable...!

Government, as per our constitution, plans for general welfare schemes of the citizen as whole and basic infrastructure - developments of the country. For which it require funds........ which it collects either by DT or IDT (in short).........

So, the rule is citizen who earns more is taxed a bit more over its earnings by DT.

And the person who expends more pays more under IDT.........

Dear Sir.,

Why the seiling limit...?

Bcoz, A family get 4 or 5 members. Earning person is one person. Then How to the Govt fix the ceiling limit. Without considering the family...?

The whole process of taxation is very complex. It is arrived at overall per capita income, average family size, average standard of living and the expenditure outlays of the Government. (better explained in Economics)

So, based on average annual expenditure of family the ceiling/ threshold limit is fixed, which is constantly reviewed every year based on inflation rate.

Originally posted by : Dhirajlal Rambhia
	The whole process of taxation is very complex. It is arrived at overall per capita income, average family size, average standard of living and the expenditure outlays of the Government. (better explained in Economics) So, based on average annual expenditure of family the ceiling/ threshold limit is fixed, which is constantly reviewed every year based on inflation rate.

Dear Sir.,

Thank you for your Explanation. Also give a thank for spend your time...

Thank you sir...

One more question please...

How many years can I file my ITR U/s 44AD as Presumptive Scheme...?

Any limit or Conditions apply..?

 

"How many years can I file my ITR U/s 44AD as Presumptive Scheme...? Any limit or Conditions apply..?"

No conditions for continuously declaring profits u/s. 44AD...........

But there is condition, if an assessee doesn't declare it for any one year (before completing five years)

For example:

An eligible assessee claims to be taxed on presumptive basis under section 44AD for Assessment Year 2017-18 and offers income of Rs. 8 lakh on the turnover of Rs. 1 crore

For Assessment Year 2018-19 and Assessment Year 2019-20 also he offers income in accordance with the provisions of section 44AD.

However, for Assessment Year 2020-21, he offers income of Rs.4 lakh on turnover of Rs. 1 crore. In this case since he has not offered income in accordance with the provisions of section 44AD for five consecutive assessment years, after Assessment Year 2017-18, he will not be eligible to claim the benefit of section 44AD for next five assessment years i.e. from Assessment Year 2021-22 to 2025-26.

Many of our clients prefer and have been declaring their gains u/s. 44AD for last 9 years (for civil construction from the implementation of the section). The same was extended to retailers from AY 2011-12.

Yes... I agreed to All above reply from My dear Dhirajlal Rambhia Sir...

@ S Elavarasi.,

You can file your Return U/s 44AD. No more restrictions for your query. And see the My Dear Sir reply and follow the same...

Why we pay....?

Then Why our Govt ll Run our all requirments without Fund... So, we give that...! That's all

GOOD LUCK...

Thank You Sir...

Dear Sir.,

Please one more reply...

I will pay the Interest & Late fee to GST for late filing and Late payment...

Late Payment is today Rs. 1000 (CGST 500 & SGST 500.

Liability Payment Rs. 58550 + 4848 (RCM) = 63398... I will pay the Interest 18% (5Days) Rs. 156. Am I right...?

If yes, How to I pay the Interest Rs. 156...? Can I divided 2 (CGST & SGST)

Please kindly clarify my doubt...