How to file Return u/s 44AD ? | भूलकर भी ये गलती मत करना ITR में |

How to file Return u/s 44AD ? | भूलकर भी ये गलती मत करना ITR में | By Expert CA Sachin [phone],[phone]
Section 44AD of the Income Tax Act, 1961 is about presumptive taxation. In this section eligible as doing eligible business can declare profit @ 8% or 6% or may be higher. To know more watch this video.
#44AD
#INCOMETAX22-23
#itr
Income Tax Act, 1961 (Indian Law) is highly complicated, intense knowledge is require to interpret and understand this law, which has significant impact on lives of all of us. Entire law with circulars, clarifications, rules runs into thousands of pages. With the mission of making Income Tax Act, 1961 understandable in simple manner we have endeavor to continuously generate content that create values to many. Purpose and intent of this channel is to make knowledge of income tax law reachable to maximum tax payers, students, chartered accountants, company secretaries, cost accountants, advocates, etc
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[@ksnarayanan5281]

In my opinion one should opt for ITR 3 instead of ITR 4 because it gives the flexibility of carrying forward any business loss for next 8 years. It inculcates discipline and habit of maintaining records. Further, provisions relating to moving from ITR 4 to ITR 3 , if required, is not very assessee friendly.

[@salok17]

Correct info shared by you. I work in the department and have identified many issues like this where assessee unable to explain. Its good to put it out for all. Good work sir🙂

[@expertcasachin]

Thanks 🙏🏻

[@ksnarayanan5281]

It is imperative to educate assessee to not leave everything to the CA ( or any other professional ). Work is delegated to lower rungs in the organization and final return is ultimately prepared by articled clerks or someone who doesn't understand the intricacies of taxation.

[@rakeshbhola440]

I watched your videos and observed, you guide well and consult proper and genuinely. I appreciate you for this. Really you are expert C. A Sachin

[@expertcasachin]

Thank you so much 🙂

[@shivanityagi999]

Thank you so much for the clarity. Their is so much confusion among people related to sec 44ad. I was dealing with the same query of what to do in case of higher actual profit. Thank you so much for the explanation.

[@sandeepdhawan8586]

Excellent knowledge . I have gained accurate knowledge. This is secret knowledge of advocacy which you openly share.sachin sir.

[@expertcasachin]

Thanks sir

[@ksnarayanan5281]

Art of reading two laws together 😀😀😀

[@jalpapatel6436]

Nice information about 44AD. all points clear . CA. JALPA PATEL

[@valimohammad9935]

I jave learnt more here thank you sir for making such a videos....❤

[@SamadhanShree-TheTraveller]

Thanks for good explanation Can you explain the calculation for Travel agents/ Air/ train ticket agents Thanks

[@indierecon6792]

If we have to maintain actual calculations for profit with income and bank statements, then what's the point of filing 44AD? Isn't this section introduced so that small businesses don't have to waste time in such things?

[@Its_Infinite.]

वीडियो बनाने वाले भाई,इस कॉमेंट का जवाब दो......

[@indierecon6792]

Jawab do!!

[@useronlineearth]

Law is presuming 8 percent or 6 percent even profit is 20 percent.

[@ankurchauhan7444]

बहुत ही valuable video sir 🙏

[@morsanavallabh1405]

Very nice information and you are saying true about 44ad. Thanks.

[@MKSwami-sk7jt]

Dear Sir , your way of teaching is very good❤

[@expertcasachin]

Thanks a ton 🙏🏻

[@aniruddhamardikar688]

Very informative and useful thanks

[@expertcasachin]

My pleasure 😇. Must share on Whatup

[@rupagathani8489]

Very good and Practical information

[@ramyadav5945]

Thank you for giving good knowledge 👍

[@abhishekkumarfacts973]

Bhut sateek jankari dee Aapne sir, pure KZbin par ayesi jankari nahi milti, jaise ki aapke channel par milti h, thank you so much sir.

[@expertcasachin]

Thanks 🙏🏻 if possible pls share in ur circle

[@rajeevshukla7005]

Excellent sir 🙏🙏🙏👍👌

[@SomuDaAdda]

Sir ITR 3 or 4 ka full video Banao with FnO, Stock market , Mutual fund and business.

[@iopeducation9677]

44Ad me construction of property wale Business m cover honge ya 44ada professional me Can we file Itr under 44Ad or 44 Ada ? Construction of property business?

[@expertcasachin]

Yes 44ad

[@SomuDaAdda]

ek dum mast sir g

[@amitabh788]

Thanks Sir , log bank statement dene se mana karte hain , aapki video se mai bahut inspire hua. thanks sir

[@Vikastiwarihealer1]

Very well explained about 44 AD how to know taxes and know expenses and salary expenses and actuall profit then pay taxes❤

[@expertcasachin]

Thanks 🙏

[@RKSharma2012v]

Thanks 🙏 for your hardwork on this.

[@expertcasachin]

🙏🏻

[@anilkumar-ds6hw]

for icecream parlour accept zomato and swiggy order can we file itr 44 ad and gst applicability,

[@kanaramchoudhary3532]

good work sir👌

[@bhaveshvalecha]

Ek baar 44AD opt karne par subsequent 5 A.Y me 44AD he opt karna padta hai otherwise Audit karana padta hai, my query is agar Subsequent 6th A.Y me optout kare, tab to Audit ki requirement nahi hogi na?

[@anuproy6662]

Sir, Should I pay tax on fd interest every year? Or in maturity year? Please make a video on this.

[@expertcasachin]

Yearly already upload check fd videos

[@siddharthmehta5847]

Sir, your video impressed me a lot. Thanks

[@expertcasachin]

Thanks 🙏🏻

[@KedarLondhe-w5k]

Sir, I want start new business of software consulting. I have 2 options 1. Create my HUF and start business by PAN of HUF 2. By PAN of my retired in law's Which one will you recommend?

[@theknowledgeupdate5772]

sir you are always amazing

[@expertcasachin]

🥰

[@brahmaiahhe1753]

Nice info:

[@Manoj3030]

God bless you .... worthy wishdom sprade without any cost so thankful to you

[@expertcasachin]

Thanks 🙏🏻

[@k.k.kushwahaadvocate1989]

Well explained sir, I appriciate your style of explaining facts.

[@expertcasachin]

Thanks and welcome

[@vishalsarswat6716]

Wonder ful helped

[@msureshkumar2502]

Respected sir I am regularly view your channel

[@msureshkumar2502]

Sir how to file if assessee is having income under 44ad and 44ADA. For 44ADA can we choose no books of accounts i.e 44ada gross receipts and above 50% and for 44ad with balance and not gross receipts and 8%. Is it correct or any another methods. In future year also for 44ad balance sheets is to drawn . Lot of confusion sir please clarify sir

[@expertcasachin]

Yes can do

[@sibtainali3814]

Sir, What is Revenue is 45 lakh, Personal Exp: 5 Lakh and Business Exp: 7 lakh but shown 12 lakh as business expense in 44ADA? Profit Margin shown will be 73% more than 50% given in section 44ADA. I'm doing articleship in Tax

[@expertcasachin]

Can do

[@expertcasachin]

Disclaimer The content in this video is strictly for educational and informational purposes and is not intended to be advice or recommendation of any kind what so ever. anyone who wishes to use information contained in this video taken full responsibility for their actions. Viewers should always do their own due diligence on any information perceived from this video, to form their own opinions and best judgments. the material contained in this video cannot replace or substitute for the services of trained professionals in any field. The author accepts no liability for any kind of content on this video or responsibility for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly on indirectly on account of any actions taken based on the information provided in this video as is and without warranties. This video is not intended to spread rumors or offend or hurt the sentiments of any religion communities or individuals or to bring disrepute to any person (living or dead), despite our best intentions there may be sections that get offended by this video, we request people not to take our content too seriously and we sincerely apologies for any such hurt our video might have caused.

[@divyaprasad482]

sir mera client construction business mein apne company ka director hain. unka 44AD kaise banana hain..unka cash expenses kaise pata karu? Company ka GST hain but unka individual ka nehi hain. & Debtor Creditor figure kaise nikalu sir?

[@deshmanepankaj]

Good Sir

[@NiravShah-fq6yw]

Thanks for correct clarifications

[@rohanrulz999]

Error Code: Business code u/s 44ADA is to be selected for income declared u/s 44ADA. Kindly inform what to do sir?

[@NehaSharma-rs1wf]

nice information sir.😊

[@expertcasachin]

Thanks Neha ji 👍🏻

[@prathamkapoor4937]

Sir can we declare lesser(8%,6%) profit in PGBP without tax audit or not? If yes, please provide the reference of that section.

[@expertcasachin]

Actual profit or minimum 6 or 8

[@musicallrounder4849]

Sir please ya bato ki computation kaise tyaar hoti hai or kya document required hai...

[@Rick-uy7mc]

Sachin Sir please Point 3 Ka Confusion Clear krdo... Even CAs have conflicted opinion over this Point No.3 (actual profit) But this is what is written on IT Website 👇 However, a person may voluntarily disclose his business income at more than 8% or 6%, as the case maybe, of turnover or gross receipts.

[@expertcasachin]

Actual profit only 8% or 6% is minimum to avoid audit only Example 1 crore bank sale actual profit 1 lac I will show 6 lac profit to avoid audit as also no tax after 80C

[@peacepromotion5267]

​@@expertcasachinThe essence of sec 44AD is to provide relief from Maintaining books and Audit to taxpayers If there is No book requirements than how the profit is to be calculated. So profit can only be calculated on presumptive basis i.e 6% or 8% Plz Read the Guidance Issued by IT dept.

[@SandeepKumar-dw3sj]

Thank you sir for clarification

[@MohammadAtharShaikh]

Any inward transaction(s) not considered as income?

[@skybaba75]

Best❤

[@shyamalkumarpatel488]

Really nice vedio... And most useful in less time

[@expertcasachin]

Glad you liked it

[@filmitadka479]

Correct Information, 1 question agar mene previous year business ki itr 4 file ki thi but current year mera business close hai or koi business income nahi hai, to kya me itr 1 bhar sakta hu ya koi or?

[@brijlal330]

Its better to invest money in start up to get better returns rather than in stock market or fd .. bcuz fd has only 6% interest rate whereas , inflation is also 6% .. so the money 💰 will be increased only in numbers , but purchasing power of money 💰 will be same ...

[@AbdulSamad-is8wf]

Sir, Refund proper nahi aya to ITR Revise karke kaise use complete claim karen ITR4 me

[@shubhampatil616]

Thank you so much sir helpful information

[@expertcasachin]

Thanks 🙏🏻 pls share in your group also

[@adig7224]

Sachin ji, I really like your videos. They are full of information and knowledge. In case i want to higher your services then what is the way ?

[@expertcasachin]

Thanks 🙏

[@expertcasachin]

9319333248 par u May call

[@anshhere]

UPI transaction ki income ko business income mein kaise dikhayien sir ?

[@LordKrishna48072]

please help me sir. main freelancing karta hu mere sari income usi se hote hai. mujhe jo income bank me received hoti hai vo freelancing service charge(10%), TDS charge (1%), aur GST charge (18%) ke cutne ke baad received hoti hai. Jabki mere pass GST no nahi hai aur TIS ke document me vo income aa rhi hai jo client pay krta hai Example - Income in TIS = 1200000 Income in Bank = 1050000 toh mujhe konse income par ITR file krni hogi?

[@PRAVEENSHUKLA-fl7pz]

please clarify how to file return of private schools

[@pranitpawar4418]

Sir yewala practical video bana dijiye please

[@adityagupta6648]

Highly informative, Good attempt

[@expertcasachin]

Thanks 🙏🏻 share in ur WhatsApp

[@sanjit555]

Very Good Information ❤

[@harisharora3395]

V.good idias Thanks Godbless you

[@expertcasachin]

🥰👍🏻

[@purnimachaube663]

Kya Coaching and Tution can file Income tax under 44AD

[@ITRFILINGPROCEDURE-go1pw]

Good

[@shehzadgalani2252]

love you sir ,nice information

[@expertcasachin]

Thanks and welcome 🙏

[@bhajanbhaktibhagwan]

Sir 44ad me speculative business dikhate h usme is bar loss hua h to kya kre...kya 6%. Profit dikha kr tax pay kre ya presumptive se opt out kr de kya kre sir

[@PrakashKumar-vc5tx]

Sir Government Job se legal professionals fees se income aa rhi hai advocate ko to kya 44ADA me 50% income ka provision applicable hai ishme

[@Creative_Rajasthan]

sir mujhe ye jaan na tha ki mere saving account mein UPI se credit 1140000 ki hai and ek ipo se short term capital gain hua hai business karta hu but mere naam se nahi hai jo upi transaction credit hue hai woh kisi business propose se nahi bus friends exchange se hue hai to mein in dono ko itr ke kis form mein report karu kyuki capital gain ka itr1 or itr 4 mein koi option nhi hai

[@anshulgarg6115]

Thankyou sir for great vedio . Sir kindly tell do we need to show UPI transactions while filling ITR?

[@expertcasachin]

Yes if upi came for service or sale being income

[@Officialcutepreetivolg]

Business code u/s 44AD is to be selected for income declared u/s 44AD. ITR FILLING MA ARRER

[@Pravinkumbhalkar_Channel]

Sir mere ek dost ki wife ka post office me MIS ka khata hai, bank me FD hai aur ek term saving plan hai total 7, 8 lakh annual jata hai with interest jod ke, so u/s 44AD ke antargat ITR 4 bharana jaruri hai ya nahi. Ye koi business nahi hai. Pls reply

[@Pravinkumbhalkar_Channel]

Pls reply urgent

[@expertcasachin]

No

[@talukahealthofficerumarala9561]

Sir Velidation may yah error dikha raha hay "Business code u/s 44AD is to be selected for income declared u/s 44AD. " Please help

[@surajjakhotia]

Sir transport business ke liye pura profit and loss account feel karna jaruri hai kya ITR me ya sirf commission income dikha kar ITR file kar sakte hain lekin TDS kata hua hai Jo amount paid hua hai us par

[@premsatija3658]

Very knowledge ful vedio. I have one question. In Fy 20-21 and fy 21-22 my sales was below 2 Crore so i filed my ITR in 44AD. In fy 2022-23 my sales is 2.10 crore so I am filing ITR as per normal provision. If in next financial year my sales would be below 2 Crore , can I again file my ITR in 44 AD ?

[@harshitajaiswal1568]

no, you will have to stick to an option till 5 years

[@caanitabhadra9138]

You can - as you had opted out due to increase in turnover more than 2 crs. ( statutory requirement - cannot remain in 44AD . You are not eligible assessee for 44AD this year. Next year , if turnover is less than 2 crs, you will become eligible assesee for 44AD

[@praveshchauhan5673]

very informative video👍

[@expertcasachin]

Thanks a lot

[@craftmaster3108]

Sir me general insurance agent hu Me kaise itr file karu Mera commission 1year me approximately 1 cr commission ayega wo commission me sub agent ko detha hu Us commission me muje 1 year me approximately 10 lac bachtha he Kaise itr file karu Gst barna he kya sir Help me

[@alokdeb7293]

Very good information

[@expertcasachin]

Thanks 🙏🏻

[@gautammule7454]

Sir me Zomato me delivery job karta hu or mera TDS cut hota hai 194C me 1% so me 44AD me dikha sakta hu kya meri income 5 lakh ke andar hoti hai

[@shaikhrashid330]

Sir your great sir ❤❤❤❤

[@hiteshjoshi1202]

Sir what about loss can we opt presumptive scheme to avoid audit if turnover is below 2cr. And show 6 and 8% on turnover

[@expertcasachin]

Yes 100% can do

[@drsundeepnigam]

I am a government doctor along with salary I get some amount as professional fee TDS deducted under 194 J. My query is can I ask my employer to deduct TDS at higher rate ie 30%.since my salary slab is in 30% tax slab. My second query is can I take tax benefit under 44ADA ie including 50% amount in total income and pay tax over it.

[@expertcasachin]

Both yes

[@TheAnujkhare007]

Itr4 se itr3 kitne year ke baad switch kar sakte hai

[@anavgaming191]

But sir 44AD banaya hee isiliye gaya tha ki logon ko books naa maintain karni paden aur govt ko 8 ya 6 % seedha tax mil jaaye.dono log satisfied.baaki aap is par thoda clarify kar dein to better hoga.. Thanks

[@expertcasachin]

Asa nahi hai ye minimum hai actual profit report always

[@sahilsharma7293]

Sir what if 60% turnover is in e mode and rest in cash, which slab will be applicable 6% or 8%

[@kadarsupermarket9223]

8%

[@beceb52utkarshsharma70]

thanks bhai

[@sanjaygoel2575]

thanks good description

[@expertcasachin]

Thanks 😊

[@deepakkukreja9423]

Very nice video

[@expertcasachin]

Thanks 🙏🏻 keep my video sharing

[@rajendramaheshwari9821]

Very nice sit

[@YugJain-cr8ck]

Aur sir itr 4 me balance sheet bhi kese fill karna chayea uska kya importance hai ye bhi samajo?

[@DMFinance007]

Hi for AY 2024-25 | Business Income u/s 44AD can be opted by Authorised Persons as Sub-brokers under business code 13015? Or is income from brokerage & commission specifically excluded from 44AD?

[@expertcasachin]

Excluded

[@RAJESHBHAVSAR-gf1ox]

SIR YOU SAY DONT FILE I T R UNDER 44AD SO UNDER WHICH SEC WE FILE OUR ITR WHEN WE INCOME UNDER HEAD COMMISSION ETC

[@expertcasachin]

Itr 3

[@mkrishnarao9829]

Ay 2024-25 a partnership firm can file ITR-4 on presumptive basis

[@expertcasachin]

Yes

[@harishkhaire8066]

Sales Turnover 1120000 net ITR 3 u/s 44ad kase bhare

[@expertcasachin]

Net means ???

[@Big_Daddy_Smart_Earning]

Sir yee error dikha Raha onlain bhar raha hu toh Validation completed -1 Errors Found Please click on respective error description to resolve the error and to proceed further Business code u/s 44AD is to be selected for income declared u/s 44AD.

[@prathamkapoor4937]

Sir very supportive video💫

[@expertcasachin]

Thanks 🙏🏻

[@RaviShankarGoel]

Sir, in my view, 3B should be taken... Any specific reason of showing GSTR 1 SALES

[@expertcasachin]

In 3B it is payment sch only But in gstr 1 we upload invoice So we should make reco and can use and one of them matching with books

[@YugJain-cr8ck]

Kya sir bank ki and cash turnover ek sath dikha sakte hai Any other mode me? Aur pura profit 8 % me dikha sakte hai kya?

[@expertcasachin]

Yes

[@abhishekkumarshuklabahraic3100]

Sir main ek AEPS shop ka owner hu... 1 year me 40-50lakh se bhi above ka withdrawal karta hu .... to mujhe apni income kis basis par show karni chahiye.... regular itr file karta hu but confused hu

[@TechyCosmos]

Please Reply ! Maine 2021-2022 me itr me 20 lakh ki sale dikhai hai kyuki mera recharge ka business hai aur money transfer ka, par gst nill return bhari hai kyuki actual product sale nahi hua kuch, Kya problem aa sakti hai aur kaise isko sudharu 🙏🙏🙏🙏

[@mohitgangele5528]

बहुत बढ़िया सर 👌

[@expertcasachin]

Thanks 🙏🏻

[@Spritual.TeemTeem]

If 44ad me h and sath me commission income bhi to vo 44ad tb opt kr skta h jb ye commission business only in support of main business h and not independent business...pls sir guide me

[@expertcasachin]

No 44AD for commissions income For other income he can opt