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ABHIJEET TAMHANKAR

Category : Revised ..,
Solved
December 7, 2018 9:44 pm
  • Revised Return U/s 139(5)
hello Amlan,

my friend has filed income tax return within due date without taking into consideration the foreign income (salary) and and its TDS
can i now file revise return with taking the related mistake in consideration?

if yes can still file form 67 which was not filed either
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Amlan Dutta
For AY 2018 19 , even belated returns can be revised using section 139(5) but it can be done only before assessment of return is complete or 1 year from from end of the assessment year whichever is earlier ...since return filed long back, i feel that it might have already been processed and so i do...
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For AY 2018 19 , even belated returns can be revised using section 139(5) but it can be done only before assessment of return is complete or 1 year from from end of the assessment year whichever is earlier ...since return filed long back, i feel that it might have already been processed and so i don't think revision is possible right now ....Anyways just to double confirm , first check status of filed return ...if it hasn't been processed yet , he can else he can't ...as simple as that ...in case return not processed and he wants to revise, sure, ask him to first fill form 67 without which anyways his relief won't be considered.......attaching pic so that you know where to check status of processing of filed return ......
  • December 7, 2018
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Deepjit Nandi

Category : Notices..,
Unsolved
December 7, 2018 2:12 pm
  • Notices
I can't understand the difference between facts and ground of appeal in CIT appeal. Can you help me to understand? (Sorry can't find any better category)
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SAIKAT DAS

Category : Exempt I..,
Solved
December 4, 2018 8:14 pm
  • Exempt Income
is there such requirement to show inherited money in ITR??
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Amlan Dutta
Showing inherited or any form of exempt income is not any new requirement, it was always required to show exempt income . Inherited income being exempt needs to be declared in the return so that the tax authorities don't harass the assesse in the future ...here is the portion of the ITR where you ne...
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Showing inherited or any form of exempt income is not any new requirement, it was always required to show exempt income . Inherited income being exempt needs to be declared in the return so that the tax authorities don't harass the assesse in the future ...here is the portion of the ITR where you need to declare inherited exempt income<br /><br />If you need to know the reason why exempt income(say 20 lakhs ) needs to be shown it is because the department needs to know why the amount has not been offered for tax . When assesse specifies that the amount is exempted because of inheritance /marriage etc etc provisions , the department can only then understand else they would be expecting the assesse to declare the income under relevant taxable head and pay taxes for it ...
  • December 4, 2018
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arun bajpai

Category : TDS..,
Solved
November 30, 2018 7:40 pm
  • TDS
Good evening, sir.
Sir, how to file itr for TDS deducted u/s 194 LA for AY 2017-18 ? Assessee is individual, his agricultural land acquired by government ?
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Amlan Dutta
Can you clarify whether the compensation has been received for compulsory acquisition of land.......As per circular 36 /2016 released by CBDT , the compensation received is exempt since it falls under section 96 of RTFCLARR (Right to fair compensation for land acquisition , rehabilitation and resett...
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  • November 30, 2018
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