R/ SIR, PLZ GUIDE ME ABOUT (SCHEDULE OS) ITR-2, column 1of (bii and biii),
if we hv INCOME UNDER 194A & 194H , BOTH CAN BE WRITTEN UNDER 1(biii)? both hv TDS also(Refund).
New business codes
Page no : 12
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 22 August 2018
No. For 194A TDS interest income can be filled in...... 'OS' 1 (bii) .....
But for TDS section 194H, if at all you wish to file u/h. 'OS' of ITR2; fill it under 1(d4) ...Others OR in '2'
Tejashree
(Trainee)
(32 Points)
Replied 24 August 2018
a person is not a qualified interior designer, but practice interior designing for 8 years (GST registered), small turnover. last year business code was 0501- civil contractors. In ay 18-19 i am trying 16008- interior decorations. I get message that please enter correct code. If I select interior decorations, do i need to fill details under 44ADA for profession?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 24 August 2018
" If I select interior decorations, do i need to fill details under 44ADA for profession?"
Yes, this year it is reserved for professional catagory, so sec. 44ADA will trigger..
If you are filling u/s. 44AD....... select..... 21008
Rishi
(Others)
(353 Points)
Replied 29 August 2018
R/ SIR, A PERSON HV FRUIT & VEGETABLE SHOP IN CITY MARKET, HIS ANNUAL SALE IS 7471900/- AND GETTING 9% TOTAL PROFIT, 4% GIVING TO GOVT. HE GAINED 5% NET PROFIT HIS OWN.
1. IS THIS AUDIT CASE OR NOT?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 29 August 2018
1. Better to declare it u/s. 44AD, with 6/8% profit margin, no need for audit.
2. Otherwise books would be required to be maintained. Audit liability applicable if sec. 44AD(4) triggered.
Rishi
(Others)
(353 Points)
Replied 31 August 2018
R/ SIR, FAST FOOD WORK, (NEITHER READY MADE NOT COMPANY LABELED)
PLZ SUGGEST BUSINESS CODE?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 31 August 2018
Fixed unit......... 10009..
otherwise..... 10010
Rishi
(Others)
(353 Points)
Replied 17 September 2018
R/ SIR, A PERSON DOING TUITION WORK FROM 5TH STD TO 10TH STD STUDENTS IN A RENTED PLACE WITH HIS WIFE.
(1) SHOULD I USE BUSINESS CODE 17006 OR SOME OTHER ?
(2) IS SAID WORK UNDER BUSINESS OR PROFESSION ?
SIR, PLZ SUGGEST
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 17 September 2018
Does he has any license like shop & establishment etc.........
Do you wish to declare income under 50% profit matgin? (sec 44ADA)
Rishi
(Others)
(353 Points)
Replied 17 September 2018
no sir, he has not any licence. and i wish to declare income under itr3, plz clear
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 17 September 2018
If you do not have major expenses to be claimed, better declare income u/h. IFOS.... gets easily processed then PGBP........
Rishi
(Others)
(353 Points)
Replied 23 February 2019
SIR, person having salary income from courier service in his bank i.e. 151000/- annually.
he works part time job (Labour work) also having 96000/- cash salary annually without any written document,
how to put both kind of income in itr?
Can i file itr-2 for above incomes? or some other, plz suggest
Thnaks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177749 Points)
Replied 23 February 2019
Declare 96000/- under income from other sources. Can file ITR1 also.
Rishi
(Others)
(353 Points)
Replied 23 February 2019
sir, I can not understand, please clear which itr is suitable for both incomes.
thanks
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