Will I have to continue with 4s for further few years or again i can change the form next year depending on my income
LAST YEAR I HAD FILED ITR-3 AS I HAD SALARY AND CONSULTING INCOME. THIS YEAR I AM FILING ITR 4S AS I HAVE NO SALARY INCOME BUT ONLY CONSULTING INCOME. IS IT OK TO DO SO.?
Will I have to continue with 4s for further few years or again i can change the form next year depending on my income
Respected experts kindly help me to know the tax rate applicable on the service described below.
A person is charging freight on his invoice for transporting goods through rail (that is he collects good from client arrange for its transportation through train and finally deliver it to the buyer) what rate of tax he should charge whether 5% or 18%. And if 5% is charged can he claim itc on the input services.
Error is appearing while uploading XML file : (ITR 2)
At line Number 2131 : Invalid content was found starting with element 'ITRForm DeductionUs54F'. One of {http//incometaxindiaefiling.gov.in/master" ExemptionOrDednUs54) is expected.
I am unable to upload the return.
Please help.
Which ITR use having income from job work or project base work for A.Y 2019-20?
My uncle is doing a small Real Estate Construction Business. He has filed his IT Return as Proprietor U/S 44AD till F.Y. 2017-18 with closing stock of Rs. 35 Lakh. He is now doing a project with Mr. X under a joint agreement but without establishing any partnership firm. Is he allowed to file his IT return U/S 44AD as capacity of partner? If so then the proportionate sale amount should be shown or the gross sale value will be entertain and how show previous the previous closing stock ?
Query is whether the XML file generated thru ITR2 IT untility downloaded from efiling portal, should contain income under all prescribed and filled in different sheets or not. It is necessary to know as it does not show income under heads where income is actually filled in relevant sheets. Now before uploading it is required to be clarified , as once uploaded it may not carry complete and correct return. Also in some sheets on pressing validation button , one one side it tells 'this sheet is correct, and on other side it keeps on circling which is never ending. what is this is not clear. . In such situation is that sheet is validated or not .
Pls share if someone is encounterinf such situation
Dear sir,/Madam,
Please solve the problems
My business close due to several reason my business loss ( Including deprecation Rs.386000/-) My Business loss cannot to be carry, No other income. how adjust the income tax return form , Please help me.
Thanks
A Trust Without exemption certificate u/s 12AA, When we File IT Return ( ITR 5 ) , and CPC Processed the return and Charged MMR (30%+Surcharge and Cess ) on Net Profit without considering the basic exemption limit (of Rs 250000).
How to Reply demand Notice ?
1)Iam getting LIC Varshitha Pension Bhima Yojana Rs5000 p.m =Rs60000
Whether Rs60000 Should be shown as Income (OR) Only Interest amount should be shown as income.
2)Under which head LIC Varshitha Pension Bhima Yojana should be shown.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Itr -4s form filling