Tax questions on Income Tax

Hi My Father is an NRI workinjg in UAE for the last 35 years. Recently my father received a letter from Income Tax for ‘Non Filing of lncome Tax Return’ Below is the letter Subject: Non Filing of lncome Tax Return 1.The lncome Tax Department has received information on financial transactions/activities relating to you. A list of some of the information for Financia-Year 2014-15 ...

Hi, I am planning to do a business which involves old coins and currencies. The problem in this business is no one gives a bill when I purchase the materials and I have to pay them in cash, but all my selling will be done through bank transactions and everything will be accounted as I want to file for income tax, so I have the following questions. 1. If my turnover is below 9 lakhs per fi...

Hi I read your answers and it helped me to understand 44ad and 44ada . I need some help in my case too. kindly help I am a software consultant add works as a freelancer on upwork.com. my receipts are between 15 lakh to 30 lakh. but my wife works with me as a data entry operator and my brother also works as content writer . some other software professional friends also works wit...

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...

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...

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...

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....

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...

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...

I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86 As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying o...

Dear Experts, I have Filed income tax for my Sister as she has beauty parlor Business under 44ADA and after more than 2 months i got communication from CPC u/s 139(9) that it is defective. In original return I have mention the code of business as 0714- Service Sector Other Error code is 89- The provisions of Section 44ADA not applicable to the taxpayer. The nature of business code in Sch NOB ...

I am a post office agent so i earned from commission..........i fill my tds return as itr 4 but i today got a mail showing ERROR CODE-86 As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3)...

Dear Experts, I have filed income tax as a consultant Financial planning and analysis under 44ADA 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 tha...