Query of ITR

Page no : 2

ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

I agree what you say
but can you gurantee that there's is on itc carry forward till now

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LAW STUDIO ASSOCIATES (252 Points)
Replied 01 October 2020

Thanku ayushmita mam & Sagar sir

ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

Welcome 😊

LAW STUDIO ASSOCIATES (252 Points)
Replied 01 October 2020

Ayushmita mam mere F-Y 2019-2020 mein Form 26 as mein SFT me 65 lakh cash withdrawal show ho raha hai aur 15000 cash deposite hai
mere paas proper justification bhi nahi hai maine 65 lakh cash nikala pure ek saal mein apne individual current account se jiski report form 26as me SFT me show ho rahi hai aise circumstances me mujhe kaise apni income tax return file karni hogi please help me please guide kariye

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 01 October 2020

If there is ITC in ITC credit ledger...(which is relating to earlier years)
than also, it doesn't make any difference...

I don't have any business income/expenses in current year. so business ITR not applicable

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ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

Ok as you say
I agree

1 Like

LAW STUDIO ASSOCIATES (252 Points)
Replied 01 October 2020

@ ayushmita mam please help me for SFT problems

ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

Bank has to report the same statement to govt by filing a specified form on behalf of you. There is no need to worry about this u can file the ITR as you used to file in earlier years as per your requirement

LAW STUDIO ASSOCIATES (252 Points)
Replied 01 October 2020

Ayushmita mam Mera gst registration F-Y 2018-2019 September me suo moto cancle ho gaya tha Fir F-Y 2019-2020 me cash withdrawal 65 lakh se zyada ho gaya jo form 26 AS mein SFT mein show ho raha hai mai apni Income tax return kaise file karu ITR4 agar file karta hu to koi notice to nahi aayega please mam aap help kar dijiye apni koi email id bata dijiye please

ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

1st let me get your points
you want to say you cancelled your gst in 19-20yr
then 26 AS reflects 65lakhs above
and you want to file ITR 4
am I correct
if yes
then in above you says you getting salary and itr 4 is not for salary as much knowledge I have if you getting salary as a proffestional then ok
then you haved said your business income is
zero
this much correct I say clarify me
my mail id is same my ans desk