Your practice is very well but it's very difficult to convince client they all are thinking last fee paid for same work and you are charging high amount fee they don't care what ever you have done.... I know your approach is very true but the think is how to convence client so that they admire our worked .
Bahut bhahut achha laga sir... aapka video dekhakar bahut kuch shikhne ko milta hai...thanks for it...Sir Ek bar difective return par ek video jarur banana...
Hi Sachin, I feel madam should remove the word "or actual profit whichever is higher" Or they should keep maintaining accounts manadatory Because of above two point its not appropriate to call sec 44AD as presumptive tax section. Govt is just giving us lolipop, if end of the day they are going to apply old NP ratio to calculate the profit. Your real life examples are indeed great, thanks for making such an amazing videos.
44AD to for Business hi and sale of property attarct Capital gain it's a issue with classification of Income not the Profit. We need to show in Capital gain not under 44AD or 44ADA.
Sir apki video sabse unique mili thankyou. Mere client ne plot purchase Kiya apni mami ke name 1.21 cr ka or mami house wife h. Jo money diya h wo usne or uske bhai ne and uske mama ne diya h to is case me itr mami ki file kre to kya dikhaye
One question to you sir, You have talked about property sale and profit on it is around 50L right. Now, you are talking about 6 & 8 % on it is wrong. As it is capital gain income, we have to show in capital gain head and calculate accordingly This is my view, what's your please put your valuable revert. Thank You
sir thanks for knowledge..can we also show profit on sale of share as pgbp income and can enjoy benefit of slab..there is one cbdt circular which says we can show as pgbp income
@@expertcasachinthe circular is CBDT circular no.06/2016,dated29/02/2016， Thank you so much sir and pls also cover the 44AD aspect also in that case . really appreciate your efforts
@@expertcasachin before 30 days v have to e-verify know ? In duration between After i e verify 1st filing and Before I complete the revision , if IT process my filing . ? Then I May b in trouble know.
Sir agar Hume yeh nhi pta lag pa rha h ki kitni sale cash m aur kitni sale bank se h toh kya 3 rd option Jo h usme 8% ke hisab se return file kr skte h
Hi sir Agar kisi business man ka profit 10 % dikhana hai or unka 90 % cash transaction hota hai or baaki ka bank to 90% i.e cash k upr bhi 10% income or 10% i.e bank recpt k upr bhi 10% hi income jaega na?
Sir agar hum profit 6% ya 8% se kam profit declare kre, tab bhi audit karwani hogi kya??. Loss show krenge tab to audit hogi but 6% ya 8% se low profit show krenge to iss case Mai kya hoga??? Please clarify
Because in some cases actual profit margin are 4-5% , so do we need to show 8% of gross turnover or actual? (If we show 8%, how can we bring surplus to show extra profit)?
Hello Sachin ji , i wanted to claim 80TTA exemption. ITR 3 mein Deduction schedule ke 'Part CA and D' section mein koi entry nahin aa rahi (80TTA ki entry to automatic honi chahiye thi), add new detail mein bhi sab(80TTA etc.) disabeled aa raha hai. How can i get 80TTA deduction.Can you please check
Good evening, Sachin Sir!! I have a question : I am a vegetable vendor and made profit 40 lacs and deposited the money via cash in my savings account. I have a filed an ITR 4 under section 44ad and paid my 8% taxes.. Now the question is Do I also need to register for GST? Will GST department can question me, if they happen to see the amount I have deposited in cash in my savings account?
Sir mene 1 april 2022 to 31 march 2023 tak mene total 16.52 lakh received kiya through upi and my net profit is 10k only to ham kya kare pichle year ka ITR abhi time bhere kya sir
जिस वेबसाइट में गलत दिखा रहे हैं, वो भी ये वीडियो देख के अपनी वेबसाइट में सही कर लेंगे..🤔🤓 बिल्कुल सही v सटीक knowledge है सचिन जी आपको.. Keep it up brother.👌❤️👍
Sir please help....44ad me interior design business me if advance received of 7 lakh but bill not raised yet than will this amount be excluded from gross turnover for 44ad .... My doubt is in case of service gst is payable on advances also because time of supply attracts when advance received this is only in case of services..... Please sir need your expert advice
Ek person ne apni wife ke bank account se transaction kiye Hain to wife ka ITR file karna hai aur wife housewife hai koi income ka source nahin hai to kya dikhayen income source ??
Sir ji bank statement m proof h gaming income nhi aayi h withdraw ki hi nhi gyi but 31st March ko automatically tds cut gya or abhi withdraw krna bhi nhi h naa hi wining hui h total loss h to tds k full refund k liye apply kr sakte h
Sir agar more than 6 years 44AD me return file kiya hai but last year uska case audit me chala gaya. Now fir se uska turnover is less then can we again file in 44AD
Attention: In video mentioned by mistake 44ADA income taken without tds so considered 20 lac sale and profit 10 lac
Clear and Transparent Accounting Guide . Nice
As a tax consultant I always examine bank statement of client and draw balance sheet even for filing ITR under section 44ad
Best practice
hii how can you guide me for same in short
Very Good
Very Very knowledgeable video sir
Good Job Sir jee
Thanks and welcome 🙏
You are Right sir regarding 44ad and 44ada.
Thanks 🙏
Great Sir Maza Aa gaya
Kafi nai bate pata lagi thanku so much 🙏🙏
Thanks 🙏 must share in ur circle on WhatsApp
Very useful topic covered by u 👏👏👍
Thanks a lot
Very useful information for tax payers who are doing business
Thanks for liking
Very helpful and Knowledgeable video 👍
Your practice is very well but it's very difficult to convince client they all are thinking last fee paid for same work and you are charging high amount fee they don't care what ever you have done....
I know your approach is very true but the think is how to convence client so that they admire our worked .
100% agreed
Thanks For Sharing Helpful information 👍👌
Most welcome 🙏
Sirji excellent sirji kya ग़ज़ब samjhaya.... Really too good sirji..... Easy simple way
Thanks 🙏
Great sir...... Aisa explain koi nehi krta h... 🎉
Very good explanation. Thanks
You are welcome 🙏
Sir, you are doing a great job and the topics of your video are very relevant to the day-to-day working of professionals
Thanks a ton
Good to listen sir..
Ezaz Ahmed
Advocate
Thanks 🙏
Bahut bhahut achha laga sir... aapka video dekhakar bahut kuch shikhne ko milta hai...thanks for it...Sir Ek bar difective return par ek video jarur banana...
Sure
Amazing . common mistake we always do.
SACHIN JI BAHUT ACHHI VIDEO
BUT SIR AB YE TO BATA DO ACTUAL PROFIT KAISE NIKALE
WHEN BOOKS NOT MAINTAINED 😊
Excellent, as always
Thanks for listening
Hi Sachin,
I feel madam should remove the word "or actual profit whichever is higher"
Or they should keep maintaining accounts manadatory
Because of above two point its not appropriate to call sec 44AD as presumptive tax section.
Govt is just giving us lolipop, if end of the day they are going to apply old NP ratio to calculate the profit.
Your real life examples are indeed great, thanks for making such an amazing videos.
Good information sir
Yes sir you are right 3rd point in right many of iski wrong interpretation krte h
Informative video 👍
सर जी🙏 धन्यवाद
You are Absolutely correct dear
Thanks and welcome sir
Nice Information..
Thanks 🙏
Informative video 😊 Business mein actual loss hone pe ITR kese bharna hai iss topic pe video banaye Turnover below 1Cr...
Thanks sure soon
Thank you in advanced😊
Presumptive Basis par filing karne ka phir kya faayeda agar sab kuch banana hi padega
Soon will upload video on same issue
Sir 44Ad me other mode sale ki credit sale hoga , balance sheet me usko debtors dekhne parega sir..
Yes 👍
44AD to for Business hi and sale of property attarct Capital gain it's a issue with classification of Income not the Profit. We need to show in Capital gain not under 44AD or 44ADA.
If someone deals in property..and property uska Stock in trade ..aise cases me
Sir apki video sabse unique mili thankyou. Mere client ne plot purchase Kiya apni mami ke name 1.21 cr ka or mami house wife h. Jo money diya h wo usne or uske bhai ne and uske mama ne diya h to is case me itr mami ki file kre to kya dikhaye
Turmover including gst lena he kya?
No
Only sale value leni hai
@@expertcasachin it means only taxable value
Hello sir 194 I(b) laptop rental pe tds kata tha and usko other income me add kr pure income pe tax pe krne ko kaha , kya ye sahi hai
One question to you sir,
You have talked about property sale and profit on it is around 50L right. Now, you are talking about 6 & 8 % on it is wrong. As it is capital gain income, we have to show in capital gain head and calculate accordingly
This is my view, what's your please put your valuable revert.
Thank You
Ur also right but if property is my business then I can show as business income also under section 44AD but subject to actual profit
But if only one property sale then....???
It's very nice sir
tax free items ke liye bhi GST no lena jaruri hai sir, turnover more then 1 cr, pleas clear filed,
Sir.44ad.me.total.sell.velue.ko.tarnover.le.skete.he.kya
Yes
You are right sir , I always shows actual profit
Good knowledge sir 😊
Sir Export business ma Section 44AD hoga income tax me
Sir bahot badiya
Thanks 🙏
Sir itr4 me turnover taxable value ko show karte hai kya
sir thanks for knowledge..can we also show profit on sale of share as pgbp income and can enjoy benefit of slab..there is one cbdt circular which says we can show as pgbp income
Soon will upload video apke comment par hi banayi hai
@@expertcasachinthe circular is CBDT circular no.06/2016,dated29/02/2016，
Thank you so much sir and pls also cover the 44AD aspect also in that case . really appreciate your efforts
@@expertcasachin sir waiting for the video
Very useful video
What's last date for revise tax filing, ( to change ITR form) is it mandatory to e-verify, and then revise. If possible make complete video on this.
31st Dec
Yes e verify both
@@expertcasachin before 30 days v have to e-verify know ? In duration between After i e verify 1st filing and Before I complete the revision , if IT process my filing . ? Then I May b in trouble know.
Sir agar Hume yeh nhi pta lag pa rha h ki kitni sale cash m aur kitni sale bank se h toh kya 3 rd option Jo h usme 8% ke hisab se return file kr skte h
Is old tax regime available or not in the current year filing
Available
Hi sir
Agar kisi business man ka profit 10 % dikhana hai or unka 90 % cash transaction hota hai or baaki ka bank to 90% i.e cash k upr bhi 10% income or 10% i.e bank recpt k upr bhi 10% hi income jaega na?
Great
If we maintain books of accounts and actual profit is less than 50% of gross income, can we avoid filing IRT using 44ADA?
Sir agar hum profit 6% ya 8% se kam profit declare kre, tab bhi audit karwani hogi kya??. Loss show krenge tab to audit hogi but 6% ya 8% se low profit show krenge to iss case Mai kya hoga??? Please clarify
Book of account mandatory hai no audit
Pl bs bharni hogi bus
Because in some cases actual profit margin are 4-5% , so do we need to show 8% of gross turnover or actual? (If we show 8%, how can we bring surplus to show extra profit)?
@@ashishbansal3669
Yes you have to show 6/8% if u are in locking period of 44ad
Otherwise you can show less then 6%
@@ajitkumar-mp4gi What is lock-in period sir
Great ❤❤❤❤
Thanks ♥️🥰❤️
I want to learn balance sheet finalisation do u have any update
Software engineer as a consultant kare, and agar 20 lakh k upar Paisa lia hai toh gst bharna hai?
Yes mandatory
Where should we show paytm sale in ITR either DD/cheque/Ecs coloum or other than cash coloum??
ECS
Sir there is any law to must have currently account for business. If sale is less the 40 lakhs
F&O Loss ki ITR-3 bhi to file kr skte hai...P&L me dikha k..Pls confirm
Today just now upload pls watch
Sir property sale income passes through capital gain , not via 44Ad & P&L account. I am i right?
Depends...whether you are a property dealer or investor...But as per my knowledge even in case of property dealer ,44AD is practically not possible...
Yes you are saying right
Hello Sachin ji , i wanted to claim 80TTA exemption. ITR 3 mein Deduction schedule ke 'Part CA and D' section mein koi entry nahin aa rahi (80TTA ki entry to automatic honi chahiye thi), add new detail mein bhi sab(80TTA etc.) disabeled aa raha hai. How can i get 80TTA deduction.Can you please check
U might be filing itr under new regime ,therefore 80tta deduction is disabled.
Very good
Thanks 🙏
ITR ma GST taxable turnover show karna hota ha ya Invoice value of GST in case of 44AD
Without gst
Gst sale as per gstr 1
Good evening, Sachin Sir!!
I have a question : I am a vegetable vendor and made profit 40 lacs and deposited the money via cash in my savings account. I have a filed an ITR 4 under section 44ad and paid my 8% taxes..
Now the question is Do I also need to register for GST? Will GST department can question me, if they happen to see the amount I have deposited in cash in my savings account?
Tax system ke liya new rules, realese hona chahiye, tax system ko easy karne ke liye.
Sir 🙏🙏
Can we show commission income in 44 AD
TDS deduct u/s 194h
No
Sir , drawings kis ko mante hai hum capital account me ?
Sir fir salon return in itr 4 what we can do
Yes can file
@@expertcasachin sir 44b cash m sale
Then profit sir 50% bhi dikha skte
ऐसे ही अपडेट देते रहें हमें
धन्यवाद
Sir For example
If gst turnover 10 Lac and bank reciept 20 lac than we showing which turnover in ITR
Gst 10 lac but why 20 lac in bank account
@@expertcasachinkyunki sir 10 lac ka kam without gst kr liya h
@@mohdsalim9574bhai kese solve hua btana zra??
If actual profit is less than 6 or 8%, can we show 6 or 8 % ?? to avoid tax audit ??
Yes
Sir mene 1 april 2022 to 31 march 2023 tak mene total 16.52 lakh received kiya through upi and my net profit is 10k only to ham kya kare pichle year ka ITR abhi time bhere kya sir
Service ka 6% gst ka turnover limit kya hai
sir, can we revise our form 10 e if wrongly filled
No
matlab ye hai ki 92% of the receipts ka cash withdrawal karlo aur black me convert karlo, 8% profit aajayega dikha do.
It's will be treated as drawing, not expenditure.
If no sale in GST number then can we file cash sale in ITR ???
Not possible
If any amount received from lic policy after matured or before matured then it’s taxable amount or not…please explain this point…?
It is
Sir aapki voice cricketer md Kaif ki trh hai..
जिस वेबसाइट में गलत दिखा रहे हैं, वो भी ये वीडियो देख के अपनी वेबसाइट में सही कर लेंगे..🤔🤓
बिल्कुल सही v सटीक knowledge है सचिन जी आपको..
Keep it up brother.👌❤️👍
Thanks 🙏 clear tax ki site hai vese
Sir delta exchange india crypto trading tax par ek video bnaye pls
Thanks guruji
Thanks 🙏 call me Sachin sir not Guruji
Aap bade hai mujhse
Sir agar kese year m sale Kam hogye toh np bhi kam hojyega
Yes
Sir if 1 lakh is LTCG. Then on entire 1 Lakh should I have to pay 10% or amount in excess of basic exemption.
No
After basic exemption more 1 lac exempted more
Sir please help....44ad me interior design business me if advance received of 7 lakh but bill not raised yet than will this amount be excluded from gross turnover for 44ad ....
My doubt is in case of service gst is payable on advances also because time of supply attracts when advance received this is only in case of services.....
Please sir need your expert advice
Yes excluded
@@expertcasachin but sir why.. as per gst laws supply of service includes advance also
@Ganpatibappa_morya only for the purposes of gst payment not for income tax act
@@expertcasachin ok sir do we need to verify it from gst portal or amount in AIS is enough
Sir agar hamara income kam hai .toh kya hum gyaada income dikha saktein hein ..upto basic ememption limit.plz reply
But why ??
Loan or limit ke liye profit bada kar dikhanaa padta hai sir@@expertcasachin
@@expertcasachin abhi se capital badane keliye ..?
@@AkshayKumar-tz2pq Yess you can
6per se km dikhne k koi rasta h without audit for business??if turnover 50lac from business??
Yes books of account enter kar de itr main just
10:52 No Clear tax harmed in this video 😄
Boss Property sale pe to Capital Gain Hoga not in 44AD
Not necessary dear it may be my business for sale and purchase of property
One video on inoperative pan
Ek person ne apni wife ke bank account se transaction kiye Hain to wife ka ITR file karna hai aur wife housewife hai koi income ka source nahin hai to kya dikhayen income source ??
Sir hm total turnover other receipts me show kr skte h ya fr bifurcate kre cash bank me
Bifurcation must
If made FDR's 15 lakh out of which Rs. 10 lakh opening balance in bank of last Fy then how can we show 15 lakh income?
Can Tution income be declared under 44AD??tution of school children
Yes
If gross receipts of a professional are less then 50 lakh can he declare actual profit without taking into account the provisions of section 44ADA?
Yes
Sir one video on sec. 194 IA
Sir ji bank statement m proof h gaming income nhi aayi h withdraw ki hi nhi gyi but 31st March ko automatically tds cut gya or abhi withdraw krna bhi nhi h naa hi wining hui h total loss h to tds k full refund k liye apply kr sakte h
Nice Sir
Thanks and welcome 🙏
Tell us how to calculate profit sir
Sir agar more than 6 years 44AD me return file kiya hai but last year uska case audit me chala gaya. Now fir se uska turnover is less then can we again file in 44AD
Audit mandatory for 5 year
How to prepare a CC Project