SFT INFORMATION REPORTED IN THE INCOME TAX PORTAL SHOULD WE CONSIDER THE INFORMATION REPORTED TO INCOME TAX DEPARTMENT WHILE FILING INCOME TAX RETURN AND THE INFORMATION REPORTED IF WE IGNORE WHAT WILL BE THE CONSEQUENCES
THE INFORMATION IN THE PORTAL SOME ENTRIES ARE MISMATCH BUT I HAVE FILED IT RETURNS AS PER THE INFORMATION PROVIDED BY THE ASSESSEE OUR REPORTED IN HIS TRANSACTIONS LIKE DIVIDEND AND LISTED SHARES. IS IT OK
16 July 2023
Yes, the dividend income & interest income declared in ITR should match bank passbook/statement. If there is any mismatch between the actual amount and that in AIS report, you can file feedback in the report.
DEAR SIR LIC COMMISSION INCOME COMES U/S PRESUMPTIVE TAXATION BECAUSE HIS TOTAL RECEIPTS 1458321/- CAN WE DECLRE AS BUSINESS INCOME FILE ITR 3 OR ITR 4
16 July 2023
Yes, profit and loss account with all the actual expenditures deducted, whatever be profit margin. Check that cash expenses per day per person cannot be more than Rs. 10K.
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