anyone have contact of a trusted ca here? I am facing the same issue althogh the amont is not that much
Credit Card Reply against IT Notice and other concerns
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please give suggestions its not my problem its majority problem of dimers.
if expenses of 60 lakh by credit card after deduction of 2% withdrawal charges and any other charges total net profit are 2 lakh how to explain to IT only i eran 2 lakh not 60 lakh . I have udhyam registration no.
Its a big problem.
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Just now I checked in my SBI spend analyser
₹1281192.35 | 202.4%
of net spend
₹632920.72
243 transactions
So my spend this year is 6,32,920 ?
Or12,81,192 ??
same question
U need to File ITR 3 as a commission agent, maintain books of account, balance sheet and pnl
Deal in no cash all online traceable trans, a CA can file business income for you, no issues\
The answer varies from person to person .... all can be correct !!! Have you thought of it ? .. one question has one answer only in utopia.
Leaving alone can work unless you get a notice. Its a play between risk and reward. Some like to reply and finish off. Answer changes for business people and salaried people. Answer changes if you have filed itr and if you havent filed itr till date. So .... all the views can be correct ! https://en.wikipedia.org/wiki/Blind_men_and_an_... bad example but hope it drives home the point.
How did u not know u would get it notice for above 10L P.A spends...playing with fire without knowing u would get u hand burnt ?
Only a C.A can help u
I already know it but some emergency circumstances and requirements .
Giving transaction statements. For 60 lakhs show it as business expenses. 30 buy 28 sell 2 loss. Rip the ITR🥰
koi kheta ha liabilities ma dikhao koi kehta ha ki kuch mat karo kuch nhi hoga, koi kehta haan income dekhao kis kis ka mana sab lootna ma laga rehta ha ki client ko kaisa chootiya bnakar paisa kha laa
Contact a ca
different CA giving different answers
different CA giving different answers