IF I OPTED FOR 44AD IN AY 18-19 , AND IN NEXT AY 19-20 IF I SHOW MORE THAN 8% PROFIT, THEN CAN I APPLY SECTION 44AD FOR AY 20-21?
Answer nowDear Sir/madam,
I am unable to generate xml of itr-2 for a.y.2018-19 through java utility. I have filled all the options and the validation is also without errors. But when i click save or submit button it is not accessible, nothing happens when i click on these buttons. I know that save button enables us to save the file of xml in our desired path, but as discussed below save is of no use as nothing happens when i click on that. Please help on urgent basis
Hallo Everyone,
I am unable to create XML from ITR 2 because I am getting an error message "Schedule TDS2 : TAN at Sr. No.1 is Mandatory. Employer or Deductor or CollectorNam at Sr. No. 1 is Mandatory . Enter all Mandatory fields at Sr. No.1."
I am NRI with no salary income. I just have Other Income (from Savings Bank interest), Rental Income (from house) and Exempt Income (from PPF and LIC maturity). FY 2017-18 26 AS is completely empty with no details under any field, so I do not know what to fill in TDS tab. I have tried filling NIL or 0 but that is not working.
I am facing this problem just in my husband's IT filing . I submitted mine without any problem. We both have no details in 26AS and same income .
Can you please tell me the solution? Thank you.
Regards,
Sir, my client has given his car to ANI Technology P LTD (OLA ) company and in return he got an income u/s 194C and further he has salary income also. In this connection will anyone guide me which ITR to file and which business code should be given in ITR?
Answer nowX has two sources of Income
1. He is a Professional and earns Professional Income.
2. He earns brokerage Income, which is very snall.
X wants to opt Presumptive scheme but cannot file ITR 4S due to brokerage income.
Brokerage income amount as stated above,, is very small as compared to his Professional income.
QUERY
Can X file ITR 3 by showing his professional income under Presumptive Scheme in Section 44ADA and showing WHOLE AMOUNT of small brokerage ( THAT IS without claiming any expenses incurred in earning the brokerage) as INCOME FROM OTHER SOURCES.
Hello All. I have a query related to capital gain exemption. An assessee sold a residential house (long term) on 25/04/17 for Rs 30 lacs. On 12/05/2017 he also sold a plot (long term) for Rs 40 lacs. On 21/05/2017 he purchased a residential house amounted to Rs 70 lacs. As On 21/05/2017 he have no house in his own name. Can Assessee claim sec 54 and 54F exemption simultaneously if he fulfils the condition of both the sections.?
Answer nowWhile filing my ITR I found that interest as per 26AS and bank interest certificate is not matching. What could be the possible reasons. Bank manager is not interested to help and does not understand much about this issue saying your CA will do. What shall i do? Whether i should show interest credited as per 26 AS in my return or as per bank interest certificate in my return. Interest as per interst certificate exceeds 4000 compared to 26 AS.
Answer nowI filled an ITR of an LIC Insurance Agent on 08/06/2018 as per his Form 26AS downloaded from TRACES showing TDS of 18060 & total commission of 360000.
now he received form 16a from LIC citing his income and TDS more than what was mentioned in Form 26AS.
total commission 401678 and TDS of 20094.
now the data on TRACES website also changed as per form 16a
what should i do now....
I am a pensioner and receiving pension every month. Now I am new insurance agent. I have received a commission of Rs 96000 during the FY 2017-18. I want to know:
(1) Whether the entire amount of Rs 96000 is taxable or any deduction is admissible
(2) The Head under which the income should be shown
(3) ITR Form to be used by me for filing my Income Tax return.
I have no other income expect Pension and the commission said above.
Please answer me above three queries.
Thanks and regards
Ramamurthy K
Turnover: 90 lakhs
Profit : 5% (less than 8%)
Assessee : Individual
FY 2017-18 AY 2018-19
Books of accounts Maintained
Not in presumptive category business
Net income More than basic exemption limit
So, do i have need to get my books audited as per IT act? if yes under which section??
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44ad applicability