if proprietor who filed itr3 for asst.2324 wants to go for new tax regime now for asst.2425, she has to file 10ie before filing asst.2425 itr, right?
my q is --> can she change once in life thereafter , say in asst.2829 she wants to go for old tax regime, (assuming its available then).
my view--> she has to file 10ie now for asst.2425 (even if new tax regime is default one) and later yes, she has one chance in asst. 2829 also to go back again to old regime.
am i right in both points?
The assessee owns 2 cars and give to Companies on a contract basis and whatever payment he receives the TDS is deducted U/s 194C.
Question
1- The income will be shown under which head.
2- Can we file it under 44AD.
3- If yes, what is the minimum percentage of profit which must be shown. (As renting cars doesn't have must expenses to maintain)
Thanks in anti cipation
Sir
1. What if Income tax return not yet processed even after 9 months from end of assessment year . Will department will do any proceeding or reassement as original return is processed.
2. What is maximum time to receive intimation of 143 in case of revised return
Its my father's ITR refund issue. He has not received the refund for AY 2009-2010 & 2010-2011.
Status is "No such Address - Refund voucher cancelled. The instrument returned undelivered by the speed post as the address provided by the assessee is not complete/ non existent."
Kindly let me know if you can help me with getting the refund. Really appreciate it.
Hi,
I have sold some Equity shares as well as Units of Equity Oriented Mutual Funds & Paid Securities Transaction Tax on it
Whether STT paid on sale as well as STT paid at time of Purchase allowed as expense while calculating Income from Capital Gains
Please advise
my ITR1 has been marked as defective. Please help
Sir whether gift amount can be transferred through NEFT or any other mode of online transfer of funds to my son. If yes, then what to write in gift deed instead of cheque no. etc.
While Filing Return of Income, Considering the message regarding Filing of form 10 IF, Submitted Form 10IF. The Form is submitted wrongly,
For revocation of form grievance was submitted on the e filing portal, but efiling portal refused request.
What can I do for revocation of the form.
Hello,
What will be tax treatment of LIC maturity amount received in new tax regime. PPF interest and maturity amount received in new tax regime.
Hello
I have two queries:
- Can I file ITR 3 even if my business income for the year is zero? I have been filing ITR 3 (presumptive income (Section 44ADA) for the last few years but this year I have no income in that category
- Has Section 80D exemption removed from ITR 2 (old tax scheme)? I am unable to find that option in ITR 2 while Section 80C is visible.
Thank you,
It3 -->filed in old tax regime, now want to go for new tax regime