Business covered u/s 44AD
Jatin Verma (71 Points)
12 September 2017
Is real estate business covered u/s 44AD?
Jatin Verma (71 Points)
12 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128010 Points)
Replied 12 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128010 Points)
Replied 12 September 2017
Jatin Verma
(71 Points)
Replied 12 September 2017
Jatin Verma
(71 Points)
Replied 12 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128010 Points)
Replied 12 September 2017
Yeah....
U/s. 4AD you can't show the expenses. That's the deal of 44AD.
No maintain books of accounts...
No Audit requirements... 
Jatin Verma
(71 Points)
Replied 20 September 2017
Jatin Verma
(71 Points)
Replied 20 September 2017
Jatin Verma
(71 Points)
Replied 20 September 2017
Jatin Verma
(71 Points)
Replied 20 September 2017
Jatin Verma
(71 Points)
Replied 20 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128010 Points)
Replied 20 September 2017
An intimation from the Income Tax Department is sent to a taxpayer when the Department has found an error with the income tax return you have filed. Common cases when notice for defective return is sent:
– when you have filled up details of taxes paid, but have not provided income details, the Income Tax Department deems it defective.
– A notice for defective return is sent when tax deducted has been claimed as a refund, but no income details are provided in the return.
– The Department sends you a notice for defective return under Section 139(9), when you haven’t paid your taxes in full.
– when you are required to maintain balance sheet and profit and loss statement, but haven’t attached them with your income tax return, the tax return is declared defective.
– the name mentioned on the income tax return does not match with the name on the PAN card.
It's only for Defective returns
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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