PLEASE TELL ME BUSINESS CODE FOR A/Y 18-19 IN CASE OF LABOUR SUPPLY ON CONTRACT BASIS?
DEAR ALL
MY POINT IS COMMISSION INCOME UNDER WHICH SECTION SHOULD BE DECLARED AND AT WHAT PERCENTAGE?
LIKE UNDER
44AD
44ADA
OTHERS
WHICH ITR FORM
REGARDS
BHARATH
Please help me, I am getting '' wrong password entered plaease enter the correct password" when I am trying make online corrections in TRACES using DSC. The DSC Password is correct but still it showing as wrong password.
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 nowIf assessee aged more than 80 years old having Pension Income From BARC which include Medical Allowance also, then he can claim deduction U/s 80D (i.e. Medical Expenditure on Super Senior Citizen Self Where no Medi-
claim Policy has been taken) or not ?
I 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??
Sir,
Please suggest Nature of code for Ornaments Job Works for AY 18-19
Turnover upto 25 Lac ???
Sir, can he file ITR-4 for AY 18-19 or not please suggest & clarify.
Dear sir,
one of my client is a salaried person, having the taxable salary and also interest income on FDs' on which TDS is done by the banker. When i am going through his bank statement, i observed that he has taken the loans by cheque and also repaid the loans by cheque and such loans taken and given are also in huge and big amounts.
Now i am filing his income tax return in ITR-1. My doubt is that whether do we have to show all these loans taken and loans given ( that are reflected in the bank statement)
Kindly advice.
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LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
Business code