For FY 23-24 - Turnover Rs 1.50 Cr. Showed 15% Profit. Filed ITR 4. In FY 24-25 - Turnover Rs 90 Lakh. Ready To Prepare PL And BS Fully And File ITR 3 With Full Disclosure. Profit 15%. Should The Client Do Audit In FY 24-25?
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Dear Experts, An assessee did not reply to any notices issued in the course of assessment proceedings under section 147, so the order was passed ex parte under section 147 read with section 144. Whether all the evidences the assessee shall attach in Form 35 for appeal before CIT (A) shall be regarded as additional evidence as the assessee did not submit any evidence during assessment proceedings ? Whether an application for admission of additional evidence in terms of Rule 46 A is required in case of Appeal before CIT(A) against order under section 147 read with section 144?
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Dear sir This is to inquire about the article I submitted titled, "Transactional net margin method- bridging theory and practice" by Disha Deopura with ITATOnline. The submission was made after complying with all the guidelines. However, I am unable to check whether it is published yet. I would obliged if you could look into the matter at earliest perusal. Thank you
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sir, The it tax payer purchases of new land purposes confirm sufficient money in filed itr returns. Question: Assessee how the check procedure in it returns.
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Greetings of the day to Authorities, In reference to Vivad se Vishwas Scheme 2024, I applied for this scheme with Form 1, Against Which Form 2 has been generated and we paid amount in Form 3 as well. After that payment and submission at portal of income tax since last two months, I am waiting and continue status reflecting is "Awaiting form 4 Signed copy from CIT" How long it would move further, if any body has idea about this form 4 Time of approval , please let me know at my following email id...dinesh.kumar53@yahoo.com
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Sir, A individual taxpayer doctor sec 44ada provision itr returns filed purchase of silver and gold jewellery transaction rs:5 lacs two times f.y.24-25 Question: Assessess purchase of silver and gold jewellery transaction how many times for one financial year and how much value investing in one financial year it act.
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Sir, It assessee's wedding expenses rs:15 lacs for the purpose of daughter's marriage purpose f.y.24-25 paid. Question: 1.Assessess wedding expenses amount any limit provision applicable and wedding expenses business expenses claim allowed in it purpose 2.wedding expenses debit to capital account or profit and loss account
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Assessee fails to deduct TDS on payment made to purchases u/s 194 Q exceeding 50 lakhs. He obtained Form 26A (from their CA ) from few parties. Assessing officer propose to make addition us/s 40 a (ia) of the Act for the remaining amount. Assessee submitted all the purchase bills supported by the bank statement for the payment. And also GSTR 2A & 2B and Annual return table 8 as evidence for the purchase payment along with e-way bill Kindly give your opinion and any case laws in favour of my assessee.
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sir, A Individual small business tax payer house hold expenses rs:5 lacs amount all transactions through bank channel paid f.y. 24-25 Question: Assessee house hold expenses detailes and any limit provision applicable for one finicial year in it act and house hold expenses detailes asked it department as per sec 142 (1) in it act.
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We filed revision Petition against the order issued by faceless team , after the due date to file the RP , with request to condone the delay , subsequently was unable to appear on the hearing date and RP was dismissed since we were unable to submit reasonable causes for the delay , now can we file an appeal with ITAT
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tax audit applicable