itr 4
mohit (accountant) (142 Points)
31 October 2018
can income tax department ask for bank statement in case of presumptive income, income tax notice
10 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 October 2018
Yes... ITD ask bank account statement of notice issued...
mohit
(accountant)
(142 Points)
Replied 31 October 2018
sir as my 26 as Rs.4,00,000 is part of professional fees (94j TDS deducted on it),but there is a figure of rs 19200 on TDS deducted under section 94 c,
now my income is 419200 as per 26 as, in ITR 4 I show Rs 4,00,000/- under 44ada, but where I need to show balance Rs 19200.
now my income is 419200 as per 26 as, in ITR 4 I show Rs 4,00,000/- under 44ada, but where I need to show balance Rs 19200.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 31 October 2018
Depends upon nature of deduction.... if it was for profession fees (insted of 94J deducted under 94C) you can ask deductor to rectify the return........ or for what purpose TDS deducted u/s. 194C?
mohit
(accountant)
(142 Points)
Replied 31 October 2018
I charged from him for maintaining website for the year
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 31 October 2018
Better to declare aggregate income under Sec. 44ADA itself.
Though query may be raised, may be as defective return, but you can reply about the assessment of aggregate income under sec. 44ADA.
mohit
(accountant)
(142 Points)
Replied 31 October 2018
income tax department send me notice for this mismatch with wordings " There is inconsistency in the amount
shown in Sr.no.E1 under 44AD[Profits and
gains of business on presumptive basis]
of Schedule BP and receipts available in
Form 26AS against section 194C[Payment
to contractors]
shown in Sr.no.E1 under 44AD[Profits and
gains of business on presumptive basis]
of Schedule BP and receipts available in
Form 26AS against section 194C[Payment
to contractors]
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 31 October 2018
If you had not declared the income earlier, accept the defect......... or justify your claim as replied earlier.
mohit
(accountant)
(142 Points)
Replied 01 November 2018
respected sir, in original I had omitted to declare some income, because of this I am going to file revised return.can you suggest me where I show Rs 19500- on which TDS DEDUCTED U/S 94C ,
IN GROSS RECEIPT OR IN INCOME FROM OTHER SOURCES....
IN GROSS RECEIPT OR IN INCOME FROM OTHER SOURCES....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 02 November 2018
In Gross receipts ....
Recent Topics
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
Related Threads
CAclubindia
