Can one file his return under 44ad, 44ada,44ae without getting signature of ca ?
11 Replies
Kev Men
(788 Points)
Replied 14 April 2022
Yes. As all the above 3 sections are based on presumptive income. Audit is not required for the same in normal circumstances if the conditions of showing income according to the above sections is fulfilled. CA's signature will not be required to file/upload the return. It can be done by the assessee himself/herself.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 15 April 2022
If it is eligible business & if you opt for presumptive Taxation then CA signature is not required unless you need loan based on ITR
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 15 April 2022
Yes my client want to be loan on the base of ITR .................
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 15 April 2022
CA Signature is only required for filing audit reports.
When you are filing your IT Return on the portal, It is only signed by you.
You can file your IT return u/s 44AD/ADA/AE without any CA signature.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 15 April 2022
The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses: Business of plying, hiring or leasing of goods carriages referred to in section 44AE. A person who is carrying on any agency business.
Your business's gross turnover exceeds Rs. 1 crore in any preceding year, or if your profession's gross receipts are more than Rs. 50 lakh in any preceding year. Your business or profession is presumptively covered under Sections 44ADA/44AE/44BB/44BBB , and your profit is less than the specified limit.
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 15 April 2022
My clients turnover is around 25 lac & profit is around 3 lac, there has no option to choose Itr3,, shall i go with Itr 4??
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 15 April 2022
If it is for loan purposes then better to go for actual profits
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 15 April 2022
Okay Thanks to All .................
Vinay Dixit
(Accountant)
(22 Points)
Replied 16 April 2022
Dear sir,
One of our factory worker has selling his full agriculture land for Rs. 80lakh. How much tax will be deducted & how can file his ITR.
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
