ONE OF MY CLIENT DOING VIDEO AND PHOTOGRAPHY BUSINESS ITS HIS FULL TIME BUSINESS WORK AND ALSO HE PURCHASED 16 WHEEL TRUCK BY BANK LOAN.
HE RECEIVED RENT FROM THROUGH BANK ACCOUNT SO CAN I CONSIDER THIS INCOME AS FROM OTHER SOURCE OR BUSINESS INCOME IF OTHER SOURCES CAN WE DEDUCT EXPENSES LIKE DEPRECIATION, DRIVER SALARY, DIESEL EXPENSES, TOLL, PARKING EXPENSES, VEHICLE MAINTANANCE. WHERE TO DISCLOSE THIS EXPENSES IN WHILE FILING ITR.
SO INCOME FROM PHOTOGRAPHY AND VIDEO BUSINESS AND RENTAL INCOME BOTH DECLARE U/S 44AD AND 44AE SEPERATELY.
ANOTHER QUERY SIR, ONE OF MY CLIENT IN THE YEAR OF 2018-2019 GSTR 1 FILED AS NIL BUT SALES DECLARED IN 3B AND PAID IGST ALSO HE DID NOT UPLOAD B2B INVOICES IN THE GSTR 1. NOW THE PROBLEM IS THE RECEIVER NOW DEMANDING TO FILE GSTR 1 AND THEN HE WILL CLAIM ITC AGAINST SALES REPORTED IN THE 3B.
NOW IN THIS CASE HOW TO FILE GSTR 1 BECAUSE AMENDMENT WILL NOT POSSIBLE BECAUSE OF SALES NOT DECLARED IN B2C, IS THERE ANY FORMAT FORMS THEIR TO BE FILLED AND SUMBIT FOR CLAIMING ITC .
Here someone say"s ONE FORM IS THERE IF WE FILLED AND SUBMITTED THE RECEIVER COULD CLAIM ITC, LIKE HE HAS SAID TO ME STILL I AM THINKING WHAT KIND OF FORM IS LEFT TO HIS KNOWLEDGE I DONT KNOW SIR, THEREFORE I HAVE ASKED THAT QUERY IF ANY FORMAT IS LEFT BEYOND OUR KNOWLEDGE.
CAclubindia
