Income tax department asks them to reply within 10 days. Income tax department is collating information from various sources and sending notices to non-filers. There is no need to Panic just because you have received the notice. A notice does not necessarily mean you have committed a crime and even a minor error in tax return can invite a notice from the tax department. When you can get an IT Notice?
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FY - Is it applicable to all businesses? What is Audit? Audit means an inspection of books of accounts by some officials or some specified persons for the purpose of establishing the fact that the accounting records present a true and fair view.
Types of Audit There are two types of audit, namely Statutory audit and Tax audit. What is Statutory Audit? What is Tax Audit? Simply Tax Audit means, an audit of matters related to tax. It means an assessee need to be audited under Sec. This provision is applicable from F. Profession : Rs. It means an assessee need to be audited under Sec 44AB if his annual gross receipts in profession exceeds Rs. Sec 44AD provides special provision for computing profits and gains of business on presumptive basis.
You need not to maintain proper accounting. From F. Now a big controversy arises, My Income from business exceeds Rs. Do I need to audit under section 44AB? It depends on several things, such as If you are a Commission agent, Company or L. If you are eligible for sec. However, if an eligible person opts for presumptive taxation scheme as per section 44AD 1 of the Act, he shall not be required to get his accounts audited if the total turnover or gross receipts of the relevant previous year does not exceed two crore rupees.
The higher threshold for non-audit of accounts has been given only to assessees opting for presumptive taxation scheme under section 44AD. You may also read :.
Can i filed my itr-4 of ay-09-10,10-11,11-12 & 12-13
Fezuru ITR-2 is esitable income tax return form for the people who have taxable income from the investments. This is the most complicated sheet of ITR Here is the checklist. This section takes account of donation given by you. Nothing is mentioned in the Utility about this. In this sheet, you need to give income details of dependent spouse and minor children. I am not aware of the rules. What is the function of this option?
ITR2 EDITABLE PDF
What is form 26AS and how to view it online? You can view your Form 26AS online or download it in PDF or Excel format, but for that, you need to register on the income tax website. Why do we need Form 26AS? We all check our bank accounts when someone deposits money into it.
Due Date to file ITR-V for AY 2009-10 2010-11 2011-12 extended up to 31-March-2014
NEW ITR-1 ITR-2 ITR-3 ITR-4 ITR-5 ITR-6 ITR-7 RELEASED AY 2017-18