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On 21 December 2024 at 04:47:56
Hypothetical example:
*Turnover – 1 Crore
*194J – 10 lakh
*opted for 44AD- therefore income 10 lakh.
*Tax – 117000 on 10 lakhs
forgot to file the ITR for the relevant AY, Now is their any way to claim the refund of 883000?
Can I claim it in the next year by revising TDS return or something else?On 21 December 2024 at 11:29:15CA Rashmi Gandhi
Chartered AccountantYes you can claim it. Inbox for further details.
On 21 December 2024 at 16:11:15@ Honourable Rashmi Gandhi mam,what is the depreciation rate of percentage for motorbike (bike)?? which depreciation method I should have to do
for instance if I bought a motor bike on 12.6.2017 the cost is RS 45,500 means while I am making for balance sheet 2019 to 2020 31 St March balance sheet which depreciation value I have to show in my BS ???
please I need a calculationsOn 22 December 2024 at 15:36:04Post actual facts.
You can certainly proceed further datas provided you hv relevant details.On 23 December 2024 at 00:29:59Dhirajlal Rambhia
SEO Sai Gr. Hosp.In normal circumstances sec 44AD not eligible, as TDS deducted u/s. 194J !!
On 23 December 2024 at 04:56:36Gross receipts from profession does not exceed Rs.50 lakhs.
On 23 December 2024 at 05:07:34@ dhirajlal rambhia
agreed with you, let’s change it to another section. Let it be the hypothetical example.On 23 December 2024 at 11:43:03Dhirajlal Rambhia
SEO Sai Gr. Hosp.TDS return cannot be revised if the client has already received your service in current year.
File return after getting the permission from JCIT u/s. 119(2)(b) of IT act.
On 23 December 2024 at 23:04:57Okay, thank you so much sir.
Is it the only way to claim TDS credit?On 24 December 2024 at 02:30:02CA Rashmi Gandhi
Chartered AccountantYou can claim refund either by way of condonation request as specified by Dhirajlal Sir or you can also show it in current year only if receipts are made in current year .
On 24 December 2024 at 05:45:34@ honourable Rashmi Gandhi mam,
Mr A purchased land on 3.9.2012 2 cent ,1320 sqft ,price of land is 70,000 .now IAM preparing balance sheet on now 31 March 2020 means
I have to which value balance shown in under fixed assets
plse explain me -
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