Would some honorable member explain to me my tax status as per the the information given below. I was working outside the country since the last 15 years. I spent in excess of 185 days outside the country in every financial year since 2004, thus qualifying me as a non resident for every year all the way upto March 2016.
After 15 years of service I lost my job, on my return to India for le...
hi,
am going to start a new website and am registered under GST. customer comes to my website & places an order & pays for the item (say Rs 150), I pay the supplier (say Rs.100) & ask him to dropship it. The supplier is in India, but in a different state than mine. The customer can be in any Indian state (not looking at international market right now).
now, i have few questions. can you ple...
Dear Experts,
I am a freelancer software developer having a proprietorship firm and has submitted ITR under 44ADA and recently has received 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...
Dear associates,
I have a question on tds on house rent. I am operating a business (training institute, total revenue is less than 1.5 lakhs) in Bangalore, Karnataka.
I am paying rent 15000 for the building where I am operating my business. The building owner said that I have to pay 18% tax along with monthly rental, so the total amount is Rs.15000 + Rs.2700. Out of 18%, he asked me to keep 1...
I am a computer professional mainly dealing in IT enabled services(Code:-709), Software development (Code"-0711) and Face book advertising contractor (code:- 0505).. under single proprietary concern.I have filed return form 3 and claimed some of my receipts as Professional receipts u/s.44ADA. However since I am not maintaing regular accounts, I have preferred Part B of P& L section and shown Gr...
I am a Advocate Professional. Today, I have received a notice from IT department u/s 139(9). The reason mentioned is error code 181:
"a) The Gross Receipts is not mentioned in the Profit & Loss A/c, OR b) The profit shown is less than 50% of the gross receipts as prescribed u/s 44ADA but has not mentioned the maintenance of the books of accounts and audit report u/s 44 AB in part A-General and...
Madam,
I am working in Management(Trust) running 9 educational institutions (4 Colleges and 5 schools up to 2nd PUC) & registered under GST and some of our schools and colleges providing services and for such services we are collecting GST and remitting the same to Government. Now my question is wether we can claim ITC of all 9 instiutions purchases of goods and services and adjust our output ...
Dear Experts,
I have filed my income tax as i am a LIC agent under 44ADA and salary income 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 than zero....
I have been trading through my NRI PIS account for the last 8 years . All the transactions done by NRE funds only. As on 15th Oct all the credit & debits done through NRI PIS. On 18th I have sold some of my old portfolio holdings including some shares with splits/bonus/dvr allotments. Still the bills are pending becuase they are telling all my holdings are in NRE Non repartiable demat acoount a...
Sir/Madam
I had filed my income tax return online and on time. I am working as a consultant with an International NGO and get paid after completing certain deliverables based on the invoice i raise after an interval of every few months. I consider myself a professional as i do not get a salary and am paid based on a contract as i quote my own fees. Secondly, i have to incur some cost to meet t...
Hello,
I've sold an office space this FY. The office space was originally bought in 1997-98. Since I'm too old, I've given some mo
I had bought an office space in 1996-1997 and sold it in 2017-2018. I have some questions around capital gains. I've got the property valued as on 2001-2002 and will index it further.
1. Since I'm too old I've given some money from the sale of office space ...
Dear Experts,
I have filed income tax return (ITR-4) for my wife as her annual income from home tuition in 2016-17 was Rs. 80000/-. I have received a 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 ...
Dear Experts,
I have filed income tax for myself and I have worked as software technical consultant( Freelancer ) throughout the year and also have 1 month income from salary at the beginning of the year. I filed the ITR 4 . Since most of my inocme was as a freelancer ( As mentioned, I worked as a technical consultant ). I filed the ITR within time and after more than 3 months i got communicat...
Dear Expert,
I have received a notice from IT department u/s 139(9). The reason mentioned is error code 181:
"a) The Gross Receipts is not mentioned in the Profit & Loss A/c, OR b) The profit shown is less than 50% of the gross receipts as prescribed u/s 44ADA but has not mentioned the maintenance of the books of accounts and audit report u/s 44 AB in part A-General and the total income exc...
I got a notice of defective return u/s 139(9) with Error code 181 as below:
Sl.No: 1 Error Code: 181
Error Description:
a) The Gross receipts is not mentioned in the Profit & Loss a) Gross receipts to be entered in the Profit and loss A/c. OR b) The profit shown is less than 50% of the gross receipts as prescribed u/s 44ADA but has not mentioned the maintenance of the books of accounts and...
Dear Experts,
I am working as unregistered freelance software developer.
I filed ITR-4 under section 44ADA. I got an email from CPC Bengalaru that the ITR is defective and the error code is 89 which tells that "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...
I am an engineering consultant with gross receipts under 50 lakhs during F.Y. 2016-17. I filed ITR3 on 20/06/2017 declaring profits higher than 50% of gross receipts. Figures were given under 53(ii) a to d of Part A, P&L. I also showed the same profit figure in item 35 ii of Schedule BP. I have shown NOB under code 0703 - Consultancy services.
I have now received a notice u/s 139(9) with er...
I had during AY 2013- 14 commuted my pension (1/3rd) from my previous employer upon resignation. No tax was deducted on the same by the employer. I had filed my returns not stating the the commuted pension as this is not taxable.
Today i received a mail from my previous employer stating that the commuted value of pension received from an approved superannuation fund is governed by Provisions...
My friend's mom is a senior citizen and a homemaker. She is likely to sell her husband's ancestral property which is now in her name after her husband's death. However, she also have four children who also are co owners of the property located in her native place.
Now, suppose she sells the house property for x amount. 50% payment of the property goes to her and rest of the money will be red...
Respected Sir,
We would like to inform you that we are facing problem regarding filling of Transitional form (TRANS 1) for our unit ADHUNIK INDUSTRIES bearing GSTN 18ABGFA5778A1ZG .We are a SSI unit and have Rs 2371463 as cenvat in our last return (June’17) of Central Excise .So we tried to file TRANS 1 under GST regime. But after putting the data when we click the save button it got saved...