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Shashikant Singh

Revised Return U/s 139(5)...
4 hours ago Unsolved
Sir, I wrongly filed my ITR and got a refund of Rs. 5475 in my account 2 days back. I realised my mistake and again re-filed ITR, this time I paid Rs. 2930 extra to file correct ITR. Now, I am in dilemma, the refund I got was wrong. What should I do?
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Shashikant Singh

Revised Return U/s 139(5)...
4 hours ago Unsolved
Sir, I wrongly filed my ITR and got a refund of Rs. 5475 in my account 2 days back. I realised my mistake and again re-filed ITR, this time I paid Rs. 2930 extra to file correct ITR. Now, I am in dilemma, the refund I got was wrong. What should I do?
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Shashikant Singh

Revised Return U/s 139(5)...
4 hours ago Unsolved
Sir, I wrongly filed my ITR and got a refund of Rs. 5475 in my account 2 days back. I realised my mistake and again re-filed ITR, this time I paid Rs. 2930 extra to file correct ITR. Now, I am in dilemma, the refund I got was wrong. What should I do?
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Vishal

Deductions...
12 hours ago Unsolved
I had taken a loan from bank from which i earned interest(cash income) 40200,on this i paid interest to the bank 35222.Can i claim deduction under sec 57?
Also,i earned 83900 from tution for which i incurred 8650 expenses for the year.
Can i claim deduction under sec 57?
With regard to deductions under...
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Nitasha

Tax Computation...
12 hours ago Unsolved
Hi Amlan,
I am a salaried individual. I need to know, how to calculate LTCG. For AY 2018-19, i have some gains before 31-Jan-18 and some till 31-Mar-18. Do i need to fill ITR 1 or ITR 2 and how to fill it? Please help
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PARTHA SARATHI MAJEE

Compliance notice for Non Filing of Returns...
13 hours ago Unsolved
Dear amlan
One of my friend has claimed 89 relief and he submitted 10E while filling the return for ay 2018-19.He claimed arrear amount of AY 2016-17&AY 2017-18.But he has joined in service in fy 2015-16 in that year his income was in below threshold limit so he did not filled re...
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Rajan

ITR 4...
I received a notice under142 (1) from ITO and asked to furnish few deatils or AY 16-17.
For AY 16-17 I have already filled the income tax return.
In that year I have taken some loan from bank and invested that amount in share market and lost all of my money.
While filling return my CA has shown t...
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Amlan Dutta
The loan taken from bank is not income ...if you declare it during the course of scrutiny assessment as to explain the money source , there should be no problem .........
  • 19 hours ago
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Arnab Datta

Revised Return U/s 139(5)...
I have received a communication from CPC(for AY 2017-18) that Salary Income there is some error and I can rectify this by 'e-proceeding' link inside incometaxefilling website or by filing revised return U/s 139(5). This error was due to - I have not mentioned my medical reimbursement(U/s) Rs 15000/-...
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Amlan Dutta
For any revised return , the acknowledgement number stays of the original return only and this is made clear by the return itself ...it clearly says original return acknowledgement number and date ( otherwise it would have mentioned revised return acknowledgement number and date)
  • Yesterday, 9:46 pm
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Vishal

Preparing Balance sheet...
How should any cashback, on any expense be treated, while preparing your balance sheet? Ex: cashback which comes into your paytm wallet.Should it be adjusted in drawings in capital a/c or in cash in hand under balance sheet or as income ??
If income under which head?
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Amlan Dutta
Say i pay using HDFC credit card 100 rs for a ticket and get 30 rs cashback on account of using HDFC , then this 30 rs enters my account and is available as cash ...so , as per my interpretation it should be cash in hand ...no question of drawing from capital a/c ...we are not withdrawing the 30 rs ...
  • 19 hours ago
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Shashikant Singh

80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc...
Hello Sir,
I am a state govt. servant. I want to know under whuch head GIS has to be added. GIS (Group Insurance Scheme) of Rs. 400/- monthly is deducted from my salary by emoloyer.
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Amlan Dutta
If under salary breakup , you mean , you can add it to non exempt portion and under deductions you shall show it under 80 c.... Basically for group saving linked insurance scheme , employees' total contribution, savings as well as risk premium is entitled for income-tax rebate under Sec. 80C of the...
  • Yesterday, 7:26 pm
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