Home / All questions / I file my income tax return u/s 44ad for the past 2 a.y.This year i should file my return u/s 44ab
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Yes, the income tax allows to file return in 44AB if your turnover exceeds Rs. 2 crore rupees and at the same time, it also allows to file return in 44AD again in the next year if your turnover is below 2 crores. But do keep in mind, that this is allowed only on the basis of turnover, no other reason is allowed.
My gst number was in the state of "cancelled suo moto".I filed all my pending returns upto the date of cancellation.Effective cancellation date is 19.03.2021. in gst portal i can't file revocation of application. What should I do now to get active gst number
If an individual has received a compensation / reward / muafza from the goverment against the compulsory land acquisition to exapnd highway then where should we declare such amount in Income tax while filing the ITR ?
If i file my return u/s 44 ad for the past 3 years, turnover respectively Rs. 1.2 crore , 1 crore , 95 lakhs.Then i file my return in the 4 th year (turnover Rs.93 lakhs) under normal peovisions, with maintaing books of accounts. If am i eligible to file u/s 44 ad in the next year i.e 5 th year, assume that my turnover in the 5 th year is 98 lakhs???
How can be income tax calculated in FY 2021-22 on Provident fund? . Intrest on PF also taxable?
How many years can i file my return u/s 44 ad If i opt 44 ad for the first time ??
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