ITR 3 can be used for presumptive declaration........ i.e. 'No Books of Accounts' in case of individual having income u/s. 44AD......... but who is also partner in another firm.......
section 143(1)(a) of income tax act
Page no : 4
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
SIr.,
Please i'm not get it...
If this mean is.,
I'll show the partnership incomes in the particular column. And will be shown the Proprietor incomes u/s 44AD or No books of Accounts column...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 26 March 2018
" I'll show the partnership incomes in the particular column. "
Yes in Schedule-IF: Information regarding partnership firms in which assessee is a partner.
"And will be shown the Proprietor incomes u/s 44AD or No books of Accounts column..."
Yes as in ITR 4.........
(read the instructions, as attached)
Attached File : 1648935 20180326100004 itr3 2017 instructions.pdf downloaded: 75 times
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
Thank You Sir...
I understand this. Now
Can I fill the details in "No Books of Accounts" or "U/s 44AD" Sir...?
Is need to fill "Partnership Firm's Capital Amount or No need to fill" Sir...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 26 March 2018
" Can I fill the details in "No Books of Accounts" or "U/s 44AD" Sir...?
Both are same for business transactions.....
Is need to fill "Partnership Firm's Capital Amount or No need to fill" Sir...
Not needed in partner's ITR
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
Thank You for the Guidence Sir...
It's really support to me...
Thanks Once Again...
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
Dear Sir.,
The Advance tax payable on or before 15-03-2018 for the AY 2018-19 @ 100%.
In a Assessee / Firm not paid on or before 15-03-2018. But, They will be pay on or before 31-03-2018...
Then how to it's payable under which minor head...?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 26 March 2018
Same as Advance tax (100)....... till 31st March......
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
| Originally posted by : Dhirajlal Rambhia | ||
 |
Same as Advance tax (100)....... till 31st March...... |  |
Thank You Sir...
Any difference in Tax Amount if we paid on or before the Due Date and Before 31st March...?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 26 March 2018
May not be paid now, as interest for one month will be calcualted while filling return.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 26 March 2018
It's mean the Interest applicable from 16-03-2018 or From April Sir...???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 26 March 2018
For every full or part of month interest is charged for complete month i.e. from 16th March itself...
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 27 March 2018
Thank You sir...
It is helpful to Me...
Thanks once again Sir...
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