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Remesh Kumar
Used ITR4 from AY 2011-12 to 2019-20. used ITR3 for AY 2020-21 TO 2021-22 .Can i use ITR4(44ad presumptive income) for the AY 2022-23 If other eligibility factors are satisfied (Explanation reg Section 44ad(4))
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Yes you can, subject to conditions specified in section 44 AD. For professional assistance connect us @ www.tarunguptaca.com or 9216216819.
CA Hunny Badlani 12 Jul 2022Hello,
Yes, you can use the 44AD Presumptive Taxation Scheme.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
Once you opted out you cannot opting till 5 years . contact deepikajagan01@gmail.com for detailed consultation
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Sambhav Jain
Dear Team, Do i have to deduct TDS of seller for a property of approx 1.5 Cr which i am buying directly from the builder's sisters concern company, ATS agreement is being made, but no previous registry is done by the seller.
Yes, buyer is required to deduct TDS at the rate 1% if sale consideration is 50 lakhs or above and deducted TDS has to be paid using Form 26QB within 30 days from the end of the month in which TDS was deducted. For professional assistance connect us @ www.tarunguptaca.com or 9216216819
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Vicky
Hi
I'm buying a registered plot from a pvt ltd company.
There are total 4 directors in that company and they are providing me a resolution letter for the sale deed by authorizing one of the directors and signed by only one other director, not by the rest of the 3 directors..and also there is no seal on that letter..it is just simple printed paper.
Is it a valid resolution letter?
Yes, a board resolution will only be signed by one of the directors. Please check whether the resolution is not signed by the director who is authorised to sign the Sale Deed.
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Remesh Kumar
Used ITR4 from AY 2011-12 TO2019-20. ITR3 used for AY 2020-21 TO 2021-22 .Can i use ITR3 for the AY 2022-23 If other eligibility factors are satisfied (Explanation reg Section 44ad(4))
Yes you can if you are not breaching other conditions mentioned in 44AD(4).
CA Rahul Dwivedi 4 Jul 2022Dear Mr Ramesh,
Selection of ITR bansed on fullfilment of criteria mentioned for that particular ITR. You can switch to any ITR provided you fufill the criteria of that ITR. If you are satisfing the condition of ITR 4 than definitely you can file it.
For further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
Hello,
Yes you can use ITR-3 Form.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
Yes, you can use ITR 3 as you have mentioned that you are satisfying all other conditions of 44AD(4).
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Alok Patil
I want to claim my TDS.
but i have started my invested in mutual fund and stock from last year 2021 in month of September and i had sell some share in loss.
And other things is that my salary TDS deduction is showing in Business Receipt of AIS Modules.
My employer is Deducting TDS under -Section ITR-194J
So which ITR should i file?
If you want to take benefit of presumptive taxation scheme then ITR 4 otherwise ITR 3.
If you need to talk to expert you can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
Dear Mr Alok,
If your employer deducted your TDS U/s 194J then you should file either ITR 3 or ITR 4.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Hello,
You can file ITR- 4 or ITR-3.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
You have to use ITR 3 in the above case. If you want to show the mutual fund's loss or gain as capital gain, report it under the head capital gain; otherwise, claim it as business income. Further, since your employer has deducted TDS u/s 194J, you must report it under business/profession. For any assistance in tax filing, you can connect with me at ca.pujasharma@outlook.com
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