@@InderjeetSunda sir, i failed to file ITR which has above 10lakhs cash deposit and withdrawal for AY 22-23. Can i file it now by giving condonation of delay request. Is there any penalty ir conditions for filing condonation request.
Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge
Will be waiting for your reply Sir , what if we have both 44ad and 44ae income then how to fill financial particulars. Total for both businesses Or there will be separate particulars for both
I have been filing itr4 using 44ad for last 3 years , but this year I have F&O losses and capital gains in shares can I still file my business in 44ad and carry forward my F&O losses please explain bhai..
actually my opening plant and machinery is 73000 value.... Which I sold for 50000 and incurred loss of 23000 in the month of june.....in the same financial year I purchased new machinery worth 110000 in the month of February....how should I show this in schedule of dpm in itr 3
If You are filling ITR-3 along with Profit and loss Account and Balance Sheet than charge Depreciation. Loss on Sale of Machinery (Net of Current Year Depreciation up-to date of sale) charged to Profit and Loss Account and Depreciation closing WDV will be charged as per provisions sec 32 of IncomeTax Act 1961
@@InderjeetSunda actually my opening plant and machinery is 73000 value.... Which I sold for 50000 and incurred loss of 23000 in the month of june.....in the same financial year I purchased new machinery worth 11000 in the month of February....how should I show this in schedule of dpm in itr 3
@@InderjeetSunda Thank you so much sir, my TDS is deducted under 194O. One more thing I want to know, what should be the business code for freelance graphic designer?
Sir, I need to file under sec 44AE , and i have to set off carried forward losses also. Last year i filed in normal business in Itr 3. This year i opted for ITR 3 under sec 44AE, but i couldn't add more than 3 vehicles? Why?
@@InderjeetSunda sir, the problem is solved in excel utility but i couldn't validate and download json in excel utility as it is showing DPM 45 : capital gain/loss under section 50 cannot be blank. But i dont have any CG.
Sir for freelance work like business consultant who has also invested in stocks and mutual funds then can ITR 4 be filled under section 44ADA , presumptive scheme? Total Gross receipts are less than 15 lacs .....or ITR 3 karna padega ? Pls Inform
Main source of income is business.sath m i insurance commission bhi aata h..kon sa ITR file hoga 3 or 4 Pahle ITR 4 file karta tha 44ad m Ab kon sa hoga.kya 4 m commission ko other sources m show kar sakta hu Ya 3 m file hoga
@@milindpatil5103 Yes, but due certain transactions (Capital Gain,Agriculture Income etc. ) and Certain Conditions (Directorship and Shareholding in PVT) along with Presumptive Income (44AD, 44ADA and 44AE) have to file ITR-3.
Please kindly reply here 8% on cash . What does cash means here ? I am a wholeseller of turmeric. I have received 11 lakhs cash in my shop and 2.5 lakhs through QR code on bank. So i have to decalre 8% of 11 lakhs ?
Sir mai aapka subscriber hu mujhe ye bataye ki eak insurance agent hai lekin tds 1000 ke aaspass hi kata hai to kya itr 3 bharna jaruri hai aur koi business nahi hai housewife hai and part-time insurance agent hai
Taxability of Commission Income | Which ITR Form to be Used in Case of Commission Income ITR 1 or ITR 3 | Where to show Commission Income in ITR Form ! th-cam.com/video/ZWQPEMHqBs8/w-d-xo.html
Hii very informative video sir. My question is I am preparing Itr-3 as i have vda income but showing 44AD and my net income is >2,50,000 then i need to fill balance sheet?? Because I am filling no account case its generating error at the end to fill balance sheet. Please help on this.
Maine aise hee kiya hai but mujhpe itr4 hee applicable tha but itr3 file kiya hai to kya defective ho jayega? Matlab capital gain nhi tha aur naa hee 50L ke upar net income lekin ITR3 kr diya phir bhi to kya revise krna padega?
Sir my most of the income is from FD interest and only one income of 2.2 lac from business and one income each LTCG and STCG from capital gain of mutual fund Rs 61 k . Can i file ITR-4 for the same
U/s 44AD - Turnover- Up to Rs. 2 Crores and Income is minimum 6% in Case Bank Receipt and Other than Bank Receipt 8% of Turnover U/s 44ADA (Professional Receipt) - Turnover up to Rs. 50 Lakhs and Income minimum 50% of Receipt. Otherwise No Account Case Limit- Turnover Limit - Rs. 150000 Lakhs in Case of Profesion and Rs. 1000000 and Income Limit of Rs. 120000 in case of Business
Thanks for the info, It's very useful, I really appreciate you 👌👍
Short video but very useful guidance. Thank you. 1st comment.
Thanks for Appreciation.
Thanks sir for the info, super useful
Hi sir, is it mandatory to file itr if cash deposit and cash withdrawal exceed 10lakhs in a savings account for AY 22-23
There is no section which requires mandatory filing of Return in case but it safer to file itr in this case.
@@InderjeetSunda sir, i failed to file ITR which has above 10lakhs cash deposit and withdrawal for AY 22-23. Can i file it now by giving condonation of delay request.
Is there any penalty ir conditions for filing condonation request.
@@vaishuselvam2296 Yes you can file ITR-U with Minimum Penalty of Rs. 1000
thank you sir ... its was very helpful
Thankyu for providing such kind of information
Thanks for Appreciation
Sir.can I file by 44ad method for f&o business if the turnover is less than 2cr?
Taxability of Future & Option and Intraday Trading | Guidance Note by ICAI on Taxability of F&O |
Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge
Sir presumptive taxation 44AE me keya Keya deduction le sakte hain on old tax regime- waiting for your reply sir
@@tapasgiri5114 yes, You have to file form 10IEA
Already filed
What deduction will I get?
Aur schedule depreciation on plant & machinery kya wo bhi barna hoga?... Compulsory he?
If you declare Business Income Under Sec 44AD/44ADA/44AE than Depreciation Schedule Not Required.
Will be waiting for your reply
Sir , what if we have both 44ad and 44ae income then how to fill financial particulars.
Total for both businesses
Or there will be separate particulars for both
@@lakshitasamar2965 you have to fill aggregate data of both 44AD and 44ADA business
@@InderjeetSunda alright sir
Thankyou so much for your reply 😊
@@InderjeetSunda Can you provide your mail id ? You are from which city ?
@@InderjeetSunda Can you share your mail id ? You are from which city ?
@@InderjeetSundaYou are from which city ??
Sir 44AD se opt out kese kare option nahi mil raha e filing par
I have been filing itr4 using 44ad for last 3 years , but this year I have F&O losses and capital gains in shares can I still file my business in 44ad and carry forward my F&O losses please explain bhai..
If You want to carry forward F & O Losses than You have to file audited Accounts along with 3CD.
Sir if tds deduct in 194h than can we show 44ad presumptive income and commission as other income in itr 3 or we have to prepare b/s and p&l
If Commission is incidental or occasional than declare under Income From other source otherwise you have to file ITR-3 along with bal pl
@@InderjeetSunda thankyou sir ji
actually my opening plant and machinery is 73000 value.... Which I sold for 50000 and incurred loss of 23000 in the month of june.....in the same financial year I purchased new machinery worth 110000 in the month of February....how should I show this in schedule of dpm in itr 3
If You are filling ITR-3 along with Profit and loss Account and Balance Sheet than charge Depreciation. Loss on Sale of Machinery (Net of Current Year Depreciation up-to date of sale) charged to Profit and Loss Account and Depreciation closing WDV will be charged as per provisions sec 32 of IncomeTax Act 1961
Very helpful thanku...
Loss on sale of plant & machinery of the previous year.... And new machinery purched in the current year simultaneously ko upar ek video banao sir
Elaborate Your issue ....so we can help you......Let's us know whether you want to know deprecation provisions or Capital Gain Provisions.
@@InderjeetSunda actually my opening plant and machinery is 73000 value.... Which I sold for 50000 and incurred loss of 23000 in the month of june.....in the same financial year I purchased new machinery worth 11000 in the month of February....how should I show this in schedule of dpm in itr 3
Freelancer graphic designer jo ki koi balance sheet nahi maintain karta, usko kaun sa ITR bharna chahiye aur kya 44ada ke liye eligible ho sakta hai?
If No TDS deducted under 194D or 194H and Not having Capital Gain or loss Transactions than You can file ITR-4
@@InderjeetSunda Thank you so much sir, my TDS is deducted under 194O.
One more thing I want to know, what should be the business code for freelance graphic designer?
Sir, I need to file under sec 44AE , and i have to set off carried forward losses also. Last year i filed in normal business in Itr 3. This year i opted for ITR 3 under sec 44AE, but i couldn't add more than 3 vehicles? Why?
Are you filling your itr online or through any software???
Online sir
@@vaishuselvam2296 Try in Excel Utility.
@@InderjeetSunda sir, the problem is solved in excel utility but i couldn't validate and download json in excel utility as it is showing DPM 45 : capital gain/loss under section 50 cannot be blank. But i dont have any CG.
@@vaishuselvam2296 enter 0
How to calculate closing stock ????
Sir, maine itr 3 me Income declared under 44AD me yes kiya hai, lekin itr preview me iske niche "No, turnover exceeds 10 crore aa raha hai"
Your Turnover/Receipt ???
@@InderjeetSunda 5,52,480
@@bharatbharatischool3667 Remove All data and feed now fresh data correctly.
@@InderjeetSunda sir, I have tried this multiple times. Will try once again. If the error persists, I shall submit itr as it is.
Sir iska mtlb normal business me dale me no account case me jakr presumptive income dikha de to sb shi h in case of commission income
44ad not applicable in case of commission income .
Sir for freelance work like business consultant who has also invested in stocks and mutual funds then can ITR 4 be filled under section 44ADA , presumptive scheme? Total Gross receipts are less than 15 lacs .....or ITR 3 karna padega ? Pls Inform
If stock or mutual fund sold than ITR-3 otherwise you can file ITR-4.
@@InderjeetSunda Thank you Sir. Can You please make a complete video for ITR 3 with presumptive income/ Zero Balance Sheet/ No account case
@@sumitmitra7336 you can file ITR-3 With Presumptive Video after watching this video with basic knowledge of e-filing.
@@InderjeetSunda When & under what condition is advance tax to be paid if a person opts for Section 44ADA?
Main source of income is business.sath m i insurance commission bhi aata h..kon sa ITR file hoga 3 or 4
Pahle ITR 4 file karta tha 44ad m
Ab kon sa hoga.kya 4 m commission ko other sources m show kar sakta hu
Ya 3 m file hoga
ITR 3 only
thank you
We can fill ITR4 for 44AD right
Yes
@@InderjeetSunda it's better to file itr4 which is more simple campared to itr3, I think.
@@milindpatil5103 Yes, but due certain transactions (Capital Gain,Agriculture Income etc. ) and Certain Conditions (Directorship and Shareholding in PVT) along with Presumptive Income (44AD, 44ADA and 44AE) have to file ITR-3.
Please kindly reply here 8% on cash . What does cash means here ?
I am a wholeseller of turmeric.
I have received 11 lakhs cash in my shop and 2.5 lakhs through QR code on bank.
So i have to decalre 8% of 11 lakhs ?
You have to show minimum 8% of 11 Lakhs and 6% on 2.5 Lakhs
@@InderjeetSunda thankyou very much for the reply ?
Sir mai aapka subscriber hu mujhe ye bataye ki eak insurance agent hai lekin tds 1000 ke aaspass hi kata hai to kya itr 3 bharna jaruri hai aur koi business nahi hai housewife hai and part-time insurance agent hai
Taxability of Commission Income | Which ITR Form to be Used in Case of Commission Income ITR 1 or ITR 3 | Where to show Commission Income in ITR Form !
th-cam.com/video/ZWQPEMHqBs8/w-d-xo.html
Sir which itr file for salaried and labour contractor and provider if itr4 buisness code is 16014 is ok
ITR-4 Business Code -21008 (Other Services)
@@InderjeetSunda can i file itr 1 sir
@@gouravsehdev655 If you have business Income than You can't file ITR-1.
Hii very informative video sir.
My question is I am preparing Itr-3 as i have vda income but showing 44AD and my net income is >2,50,000 then i need to fill balance sheet?? Because I am filling no account case its generating error at the end to fill balance sheet.
Please help on this.
@@hadipatel5344 you have to enter Creditors Debtors inventory and cash
@@InderjeetSunda in the bsheet section or in “NO ACCOUNT CASE” section?
Informative video
Thank you sir 🙏🙏
Thanks for Appreciation
Same condition apply ho rhi h mere sath mutual fund buy kare h or 5k k sell kr dia es saal
Other Income ????
@@InderjeetSunda online course sell kare h around 5lakh++ i
Maine aise hee kiya hai but mujhpe itr4 hee applicable tha but itr3 file kiya hai to kya defective ho jayega? Matlab capital gain nhi tha aur naa hee 50L ke upar net income lekin ITR3 kr diya phir bhi to kya revise krna padega?
Your Return will not be defective.
@@InderjeetSunda Thanks.
If my actual profit is 50%. Can i still pay on 8% profit under 44AD and no questios asked
No bro the law is to file with 8℅ of sale in cash or actual profit which ever is higher
@@amanrajput557 are you a CA?
Sir my most of the income is from FD interest and only one income of 2.2 lac from business and one income each LTCG and STCG from capital gain of mutual fund Rs 61 k . Can i file ITR-4 for the same
ITR 3
Sir no account case me maximum kitna income dikhasakhta hu or kitna turnover dikhasakhta hu
U/s 44AD - Turnover- Up to Rs. 2 Crores and Income is minimum 6% in Case Bank Receipt and Other than Bank Receipt 8% of Turnover
U/s 44ADA (Professional Receipt) - Turnover up to Rs. 50 Lakhs and Income minimum 50% of Receipt.
Otherwise No Account Case Limit- Turnover Limit - Rs. 150000 Lakhs in Case of Profesion and Rs. 1000000 and Income Limit of Rs. 120000 in case of Business
@@InderjeetSunda no account case turnover Rs 150000 lakhs mens?
@@InderjeetSunda no account case me maximum kitna income dikhasakhta hu or kitna turnover dikhasakhta hu for a business
@@BiswajitMondal-nn6tg Are You want to know about Turnover Limit for ITR without Balance Sheet and Profit & Loss Account ???
@@InderjeetSunda yes sir trunover and income both
Good informative video👍
Thanks for Appreciation
Good
Very Helpful 👍🏻
Thanks for Appreciation
helpful. :)
Thank you bhai ji
Thanks for Appreciation
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