Does the registration as Authorised Representative has to be through login of the person applying for registration?
Please advise!
Wanted to know which ITR is best suitable in case of below mentioned Incomes are involved in previous year for an Individual below 60 years (Regular Citizen);
1. Income from Salary
2. Income from Profession
3. Income from Other Sources
4. Income from Capital Gains
We are a private limited company and are selling our car to another private limited company. Problem is the buyer is asking for an invoice which we are saying we are unable to provide because our nature of business is not car sales. The Buyer's nature of business is also not car sales. Is it alright for us to make an invoice? or should we make a note? If yes, what do we state on it? Thank you for your time
Sir
If updated return filed with same income as revised return which was processed by cpc. Additional tax under section 140b is paid Is there chance of updated return becoming invalid.
Hi,
I have received a monetary gift from my mother in FY 23-24. I have made a gift deed and got it notarised.
1. Do I need to show the gift in ITR in Exempt Income?
2. In which sub clause of section 10 to put it or I have to put it under any other?
3. Any problems if i forget to mention it in ITR?
Thanks.
DEAR SIR,
ONE OF MY CLIENT SELL SHARES SOME OF LONG TERM IT IS TAXABLE OR EXEMPT
REGARDS
This is commision on sale with with credit card ..So can I show it under 44ad as presumptive business income ..My friend uses his credit card for commission sale and in AIS it was showing credit card payment of 14 lakhs .. mostly done for credit card sale .So is that sufficient to file 44ad with showing profit of 12 percentage.
Dear Sir
When I filed my ITR1 return on 27th June, 2024 I received defective notice which is given below.
My total income under u/s194C is only Rs.1,92,203/- & TDS is deducted Rs.1,924/- I am a SENIOR CITIZEN.
The return of income filed by you as per the above details is considered as defective with-in the meaning of section 139(9) of the IT Act for the following reason:
Reason
Probable Resolution
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.
Now I tried filing ITR3 but I got struck under Nature of Business
Other than those declaring Income under sections 44AD, 44ADA and 44AE . This field is mandatory.
Please advise me which ITR Form I have to file because I have to reply to the department on or before 16th July, 2024.
Thanks & Regards
Subramanian
Cell # 9987377454
Hi I am a film artist and tds deducted under 194c ..can I file itr 4 and furnish under 44 ada or 44ad which is appropriate please answer
Ineligible ITC has been claimed in FY 23-24, now in which column should it be reversed in 3B of June 24?
Legal Heir of Deceased