I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86
As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying o...
Dear Experts,
I have Filed income tax for my Sister as she has beauty parlor Business under 44ADA and after more than 2 months i got communication from CPC u/s 139(9) that it is defective. In original return I have mention the code of business as 0714- Service Sector Other
Error code is 89- The provisions of Section 44ADA not applicable to the taxpayer. The nature of business code in Sch NOB ...
I am a post office agent so i earned from commission..........i fill my tds return as itr 4
but i today got a mail showing
ERROR CODE-86
As per Section 44AD(6) of the Income Tax Act, 1961, the
provisions of Sec.44AD are not applicable to – (1) persons
carrying on professions that are referred to in
Sec.44AA(1), (2) persons earning income in the nature of
commission or brokerage, and (3)...
Dear Experts,
I have filed income tax as a consultant Financial planning and analysis under 44ADA and after more than 2 months i got communication from CPC u/s 139(9) that it is defective.
Error code is 89- The provisions of Section 44ADA not applicable to the taxpayer. The nature of business code in Sch NOB is not a profession, and the income disclosed under Section
44ADA income is more tha...
I am an individual engineering service consultants,
I m getting income under 194J , as a consultant to an Engineering firm.
I had filed my ITR of AY 2017-18 via ITR 4S PRESUMPTIVE BUSINESS AND PROFESSION RETURN.
but now i have got notice for defective ITR , reason is written as below -----
error code 89 -- stating that the provision of section 44ADA is not applicable you.The nature of bus...
Dear Experts,
I have filed income tax for my mother as she is working as a teacher in private school and providing private tuition to students also under 44ADA and after more than 2 months i got communication from CPC u/s 139(9) that it is defective. I have used the code 607.
Error code is 89- The provisions of Section 44ADA not applicable to the taxpayer. The nature of business code in Sch N...
I got email from Incometax department giving information as "The return of income filed by you for Assessment Year 2017-18 vide acknowledgement no. [deleted] dated [deleted], is considered defective u/s 139(9) of the Income Tax Act, 1961 as it is found to contain certain defects which has been annexed in.
Error Code : 86
Error Description : As per Section 44AD(6) of the Income Tax Act, 1961, ...
Hello,
I am full time web developer working with foreign clients, and the payment deposited to my bank directly via PayPal and Upwork (online portal for freelancers), so basically I work as freelancer in web development.
So, based on reviews online at different websites, I had filled my IT return via ITR-4 this time under section 44ADA, presumptive taxation for professionals at 50% where ...
I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86 As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on...
I have mobile app earning revenue from download of paid version and advertisement revenue in free version. The total receipt is bit over INR 10,00,000. There was no books of accounts maintained as there is no daily exchange of cash/money, only monthly payment from the App store are credited to a savings account. As the sales are indirect (Store deals with the customers), and considering the ser...
I have received a notice from department stating that there is defect in the ITR filed for AY16-17. I have filed ITR-4 being a tuition teacher (Nature of Business 0607-Professionals Others). Point number 53 of P&L (No account case) filled with Gross Receipt 282000 & Net Profit as 258824. Balance Sheet, point number 6d "Amount of cash balance" entered as 0 [with an understanding that all cash I ...
Hello,
Need your expert advice on tax saving planning on the "Rental Income"
Scenario 1: Mr.X is the owner of the property and He is receiving a rental income of Rs.100 ( example) , and he wants to sublet this property to his spouse Ms.Y for Rs.50 ( example) , and the Mr.X and Ms.Y has a legal agreement of lease and sublet clause mentioned , hence now Ms.Y gets the Rental Income of Rs.50...
I have a query regarding the claiming of relief u/s 89(1). The tax payer is a government employee who has received arrears of salary in FY2015-16 for the past years.While computing the tax liability for FY 2015-16, no relief was considered and the income tax for the FY2015-16 was filed by March 2017. There was no mention of the amount of relief u/s 89 in the tax return
(Please note that the re...
I have received this intimation from the Income Tax Department Regarding my ITR Filed. I have computed my income exactly as per my Form 16. What to do now Please Guide.
Dear Tax payer,
Please find attached the communication on proposed adjustment u/s 143(1)(a) from the Income Tax Department, Centralized Processing Center (CPC) with respect to the return of income filed by you for the PAN ...
I am NRI and made MF investment from my NRE (External) account. So I am exempted from Income tax as per sub-section (2) of the above section 196A. Please confirm.
Please clarify on sub-section (2) for the words "......no deduction of tax shall be made from any income payable in respect of units of the Unit Trust of India to a non- resident Indian or a non- resident Hindu undivided family, wh...
I am a technical consultant providing scientific consultancy services to different interested organizations. Nature of my work is mostly home-based with travel to client project locations. Till now I paid service tax and now will be paying GST for my services. The expenses that are incurred for business purpose, like travel and communication, are deducted from my total income. This is as per th...
Dear sir/Madam,
I resigned my previous company after 5.4 years of service & joined a new company. I have received following settlement from previous company
1. Rs 1,02,000/- for superannuation withdrawal after deducting 10% of tax at source (1/3 rd of amount).
2. Rs. 1,30,000/- for EL encashment after deducting 10% of tax at source.
3. Rs. 97,000/- of gratuity amount (Tax is not deducted...
Hello. I'm working as a freelancer (software), and I'm constantly travelling, not staying in one place more than 3 months, thus I can't claim tax residency basically anywhere. I'm originally from Lithuania, and I've been freelancing for less than a year, as taxes in Lithuania are really high, I'm looking for options in opening an offshore bank account or/and offshore company with 0%-1% corporat...
Good Morning.
Warm greetings from ARUL.R
I am a NRI. From Income tax one mail come below attached.
Dear Taxpayer,
Greetings from Income-Tax Department!
It is seen from your 26AS statement that there are TDS deductions on payments received by you during F.Y. 2016-17.
Therefore, it is advised that you may ascertain your tax liability for AY 2017-18 and file your Income Tax Return...
Dear Sir/Madam,
Subject: Communication of proposed adjustment u/s 143(1)(a) of Income Tax Act, 1961.
The return for PAN AYBXXXXXXD, Assessment Year 2017-18 E-filing- Acknowledgement number 833XXXXXXXX90617 Dated 29-JUN-17
{AY, Acknowledgement Number and Date are obtained from the ITR} contains the errors/incorrect claims/ inconsistencies which
attract adjustment(s), as specified u/s. 143(...