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Query in filing income tax return

Akshata Shetti (Article) (22 Points)

28 May 2018

What is the Nature of Business/Profession code for income derived from Teaching profession? I am filing ITR 3.

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11 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184781 Points)
Replied 28 May 2018

Coaching centres and tuitions ................ '17006'

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L KESHAV (Advocate ) (120 Points)
Replied 28 July 2018

Sir,

I have follwoing quiery Please clarify.

1. Conveyance allowance in Exemption column In 10(14)i by over sight. instead of 10(14)ii in ITR 1 can I file revised ITR

2. Income from tution, And Tailoring & Embrodary can we take under presumtive Income U/s. 44AD, Tailoring under whcih Business code.

3. Labour Contract u/s194c in whcih business code.

4. Chit fund Compnay Commission& Co,Dividend u/s 44AD

I request your goodself to please calrify the above detail at earliest. Please advice

Sir Hoping to get an early reply from you and Thanking you in advance.

Sir your immediate reply will highly appreciable and regards

L.Keshav

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184781 Points)
Replied 28 July 2018

1. Not necesssary to revise......... It can be replied, in casse query raised.

2. Yes ...... use.....'21008'

3. Labour contractor can be under '06010' or '11015' or '21008' depending upon job handled..

4. No commission business u/s. 44AD.... only normal asessment..

L KESHAV (Advocate ) (120 Points)
Replied 28 July 2018

Sir,

In 44ADA professional Income Can we calim Rent U/S 80GG

Please clarify

Thanking you in advance.

Regards

Keshav

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184781 Points)
Replied 28 July 2018

Yes

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L KESHAV (Advocate ) (120 Points)
Replied 28 July 2018

Sir,

Thank you very much for your immediate reply to my quiery for which I am very great ful to you Sir, In every ITR Return they are asking Without book when we fill in without books they ask us to file P & L and B/s for issuing Notice u/s139 9 defective. then why they have to keep that Column. Can we Show Chit fund Commission and Company Dividend in without books column ITR V or we have show P & L A/c And B/S. Please Clarify sir. It is Below 20 Lakhs Commision and Divdend.

With warm Regards sir. Thanking you in advance.

Keshav

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184781 Points)
Replied 28 July 2018

I repeat.... For commission income you will have to provide complete details in schedule P&L acc, BS & Schedule BP... as books of accounts maintained.....

L KESHAV (Advocate ) (120 Points)
Replied 06 August 2018

Sir,

In Form No.26AS IT HAS SHOWN u/S 192A and they have not deducted the TDS by the Regional Provident Fund Commission,Bengalore. Is it is exemption Income. In ITR-1 in exemption under which section we have to show. Please clarify at the earliest.

Thanking you in advance and hoping to get an early reply from you.

Regareds

Keshav

L KESHAV (Advocate ) (120 Points)
Replied 06 August 2018

Sir,

Tax Consultant comes under 44ADA 16003 Business Code

REgares

Keshav

L KESHAV (Advocate ) (120 Points)
Replied 06 August 2018

Sir,

Please clarify that Income from Tax Consultancy can we take under 44ADA under business bode of 16003

Please clarify at the earliest.

Thanking you in advance

Regards

Keshav

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L KESHAV (Advocate ) (120 Points)
Replied 06 August 2018

Sir,

1. In Form No.26AS IT HAS SHOWN u/S 192A and they have not deducted the TDS by the Regional Provident Fund Commission,Bengalore. Is it is exemption Income. In ITR-1 in exemption under which section we have to show. Please clarify at the earliest. Thanking you in advance and hoping to get an early reply from you. Regareds Keshav
2. Income from Tax consultancy can we take U/S 44ADA and under business code of 16003.

Please clarify at the earliest.

Thanking you in advance and hoping to getrr an early reply from Sir,

Regards

Keshav