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Sarath Raveendran
25 August 2019 at 20:52

Tax audit

my annual turnover is 12lakh and am going to file income tax return as per 44AB, need income tax audit if my profit is less than 8% of turnover or a Net loss.


harshit darji
25 August 2019 at 20:25

Income tax on engineering consultancy

kinldy help on below
tds deducted us 194j.
and earlier year .2016-17 income shown under presumptive taxation 44ada
2017-18 same income declared under 44ad in itr 3.
now 2018-19 for correct filling i am using itr 4 under premptive taxation under 44ad by declaring more than 8 % profit..
is it right practice for showing professional income under business income??.
beacuse as i know engineering consultancy services is professional services...
can i file us 44ad for lower profit @8% than 50% of professional income us 44ada


YELLANKI RATHNAGIRI

What is turnover when we file it return u/s 44AD
Turnover= Taxable Value + GST
OR
Turnover=Taxable Value


YELLANKI RATHNAGIRI
25 August 2019 at 18:02

Remuneration & interest from firm

Dear all
My client have partnership firm turnover was 60,00,000
They declared profit 8% U/s 44AD i.e. 4,80,000 in Income Tax Return
Two partners were in above firm
Actually each partner took 4,50,000 as remuneration and 80,000 as Interest on capital

Doubts
should partners declared the above remuneration & Interest in their personal IT Return?
Because they offered partnership income in U/s 44AD


skj
25 August 2019 at 16:22

No account case

I have income of 5lacs from commission as Lic agent and net profit is 350750.
Am i require to prepare mandatorily balance sheet and p&l or can i put data under "no account case".
Please let me know in what case i can file under no account case.


Jaswinder singh
25 August 2019 at 16:06

Nri remittance to india taxable or not

Sir/madam,

if non resident indian earned income from foreign country, then remit to india is taxable or not,, if yes then under which head of income in his ITR?.....


DHANANJAY S KULKARNI

NRI PURCHASE N A LAND IN INDIA BELOW MARKET PRICE . PAID STAMP DUTY ON MARKET VALUE .OF PROPERTY ACTUAL PURCHASE PRICE IS BELOW MARKET PRICE TAXABILITY THEREOF


hemlata p. soni
25 August 2019 at 13:13

Future and option trade

MY CLIENT HAVING F&O TURNOVER 6182516/- AND LOSS FROM F&O 108000/-. MY CLIENT IS HAVING TUTION INCOME OF RS. 238000/- AND FD INTEREST IS 25000/- THAN HOW TO FILE HER RETURN. WHETHER SHE HAS TO GET HER ACCOUNT AUDITED. PL GIVE URGENT REPLY


KUNAL HARENDRABHAI KANAKIYA
25 August 2019 at 10:35

Annual return

MY CLIENT WAS REGISTERED FIRST IN REGULAR SCHEME IN GST.
THEN HE TRANSFERRED TO COMPOSITION SCHEME.
AFTERWORD HE TRANSFERRED TO REGULAR SCHEME AGAIN.

I HAVE NOT FILLED ANY ITC FORM.

MY ANNUAL RETURN BUTTON DOES NOT WORK

PLEASE GUIDE WHICH FORM I NEED TO FILL.


Nalini Nakti
24 August 2019 at 23:31

Unable to upload itr-3

I am facing problems while uploading Income tax return ITR-3.While filing return after login on website when I click upload button,following massage is reflected on screen: Invalid XML. Please generate XML again using the latest Utility. Please help me with this.







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