Dear Sir,
if my gst turnover is Nil in Gstr-3b F.y. 2019-20.
can i file income tax return?.
Yes you will if you have above exemption limit income
have tds or purchase or sold immovable property and others
13 Replies
Asif Ali
(B.Com)
(323 Points)
Replied 13 December 2020
Ayusmita mam,
if i show gross receipt of rs. 10 lac for the purpose of filing itr than.....
if i show gross receipt of rs. 10 lac for the purpose of filing itr than.....
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
If you have receipts of that much income then you must file
Asif Ali
(B.Com)
(323 Points)
Replied 13 December 2020
Mam mismatch wali problem nahi hogi ki apka turnover gst par to nil hai aur apne itr-4 ke 8℅ column mein 10 lac kyun show kare. because yeh turnover fake hai..
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
I says if you have and if you get noticed then you say the reason why you don't file gst with trunover than filling Nil
If you have to show fake then it's your responsibility to file or not and how to trackel the things there's after
Asif Ali
(B.Com)
(323 Points)
Replied 13 December 2020
Ayusmita mam ji,
meri query yeh hai ki agar hamare pas gst turnover nil hai aur kisi bhi tarah ki koi income bhi nahi hai aur itr bhi loan wagairah ke purpose se file karni ho to kya itr karna possible hai.
meri query yeh hai ki agar hamare pas gst turnover nil hai aur kisi bhi tarah ki koi income bhi nahi hai aur itr bhi loan wagairah ke purpose se file karni ho to kya itr karna possible hai.
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
On what purpose you want to take loan
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
If you have no income as you says earlier then on what pretext bank gives you home loan
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 13 December 2020
How can you file 10 Lac income tax return if your GST turnover is Nil
If you want, you can but higher chance of notice from both departments
If you want, you can but higher chance of notice from both departments
Asif Ali
(B.Com)
(323 Points)
Replied 14 December 2020
Ok thanks,
my another query is if my sale is 28 lac and purchase also nearest 28 lac. in this situation how we calculate net profit in balance sheet if i file itr-4
my another query is if my sale is 28 lac and purchase also nearest 28 lac. in this situation how we calculate net profit in balance sheet if i file itr-4
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