Categories
Normal Grid Pagination Scroll
Mohit

Category : 44ADA ( ..,
Solved
April 27, 2018 11:53 pm
  • 44ADA ( Profession)
Providing web site development services by individuals fall under which section 44ad or 44 Ada, but as per 26 as TDS deducted us 194 j? Please clear my doubt in choosing section
  • Hide Placeholder
  • Hide Discussion
Mohit
Acutely this TDS deducted on amc of maintaining web site......and my other income is under PROFESSIONAL.........
  • August 23, 2018
  • LikeLike
  • Select as Answer
Mohit
I got the notice from income tax department regarding this mismatch of income ( 99% 94 j and 1 % 94 c )
  • August 23, 2018
  • LikeLike
  • Select as Answer
NIRAJ SINGH

Category : 44 AD ( ..,
Solved
April 27, 2018 11:23 pm
  • 44 AD ( Business income)
My friend Ram is a Qualified B.Tech Engineer running a Coaching Center, where class 1 to 10 students can take classes. His total fee collection (i.e., Gross Turnover Or Gross Receipts) is Rs 20lakh
In which section he can show his income--44ADA Or 44AD?
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Running a coaching centre is a business ...so he is clearly required to use section 44AD and not 44ADA( which is for professionals) ...i guess that is anyways better for him because now he can show presumptive income at 8 % which section 44AD allows rather than the ginatly 50 % required by 44ADA for...
View More
  • April 27, 2018
  • LikeLike
  • 2 people
  • Select as Answer
M S Banerjee

Category : Income t..,
Solved
April 27, 2018 10:46 pm
  • Income tax
I've dividend income from mutual funds w.e.f april'18.My question is whether I have to submit ITR1 Or ITR2 in F.Y.2018-19
I'm a psu employee with taxable income
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You would like to clarify type of Mutual fund holding though it bears no consequence on the end solution ....dividends in the hands of the taxpayer are still exempt ...however the mutual fund body (in case it is equity oriented ) has to now shelf out 10 % which was earlier not the case ...anyways si...
View More
  • April 27, 2018
  • LikeLike
  • Select as Answer
Pradeep

Category : Belated ..,
Solved
April 27, 2018 5:22 pm
  • Belated return
Sir I filled my IT return for the AY 2017-18 as on 30 mar 18 and I send FORM V to department and it delivered on 26 Apr 18.
My question is whether my return shall be processed or not
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
There should be absolutely no problem .....Return has been filed before end of belated period i.e 31/03/2018 ...the acknowledgement can be send and should reach them within 120 days i.e 31st July

Your acknowledgement i.e ITR V gas reached on 26th April itself , so no need to worry. Your ITR return...
View More
  • April 27, 2018
  • LikeLike
  • 1 person
  • Select as Answer