THERE IS Partnership Firm. THEY HAVE INCOME LESS THAN 10000/- AND PAYING TAX.
IS THERE REQUIRED TO TICK YES IN (Whether liable to maintain accounts as per section 44AA?)
WHY NOT VALIDATING BS WHEN PRESS CONFIRM BUTTON, IF WE TICK NO SECTION 44AA?
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183048 Points)
Replied 22 December 2021
For partnership firm . tick YES....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183048 Points)
Replied 22 December 2021
For your query on my profile............
1. How can a FRIEND misuse your PAN?
2. No use of filing grievance to ITO. he will penalize both.
3. Either the PAN is to be rectified under the AIS, by deductor, with the help of your friend.
4. or you can pay tax liability u/h IFOS, over the rent received minus rent paid, if any (make karar)
Rishi
(Others)
(353 Points)
Replied 23 December 2021
THANK YOU SIR, FOR YOUR REPLY,
SIR, PLEASE CLEAR MY DOUBTS AGAIN-
HP RENT IS 465000/-
(1) CAN WE FILE ITR WITH ABOVE SAID AMOUNT?
(2) SHOULD WE FILE ITR U/H IFOS INSTEAD OF HP RENT?
THERE WAS NO ANY DEAL BEFORE ALL THAT., SO CAN WE TAKE 465000/- AMOUNT AS IFOS (OTHERS)?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183048 Points)
Replied 23 December 2021
Yes, under IFOS you can declare the said income, with rent paid to owner as your cost.
Rishi
(Others)
(353 Points)
Replied 23 December 2021
THANKS SIR, FOR YOUR REPLY AGAIN.
GOD BLESS YOU
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