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RAMESH SUBRAMONI

Category : Income t..,
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July 6, 2016 12:06 pm
  • Income tax
Good morning Mr.Amlan,
I have just viewed your video on YOUTUBE for the form 26QB and I was very impressed with all the information and style of your presentation.Really it was very helpful to get an overall idea of this new section as most of the auditors and tax consultants i spoke to in the last c...
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Amlan Dutta
This form is nothing but TDS return 26 QB and it is because of newly introduced TDS section 194 IA , which come into effect from June 01, 2013. . This section will not be applicable for sale agreements made before June 01, 2013 irrespective of the date of receipt of consideration.

This section cle...
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  • July 6, 2016
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VICKYKINGER

Category : Income t..,
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July 5, 2016 10:13 pm
  • Income tax
HELLO SIR, MY NAME IS VICKY KINGER AND I'M FROM PATIALA
Sir, i want to know about tds, i have filled the tds return for quarter and by mistake i have entered the wrong challan serial no other than shown on oltas site (uploaded by bank) now i have got the notice of traces they demand for short payment...
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Amlan Dutta
It is showing overbooked challan because , the challan that you have showed in return was never used for collecting tax and is therefore overbooked
Simply correct the return and upload the corrected return at the earliest and take up with your assessing officer
  • July 6, 2016
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VICKYKINGER
Sir,how do i supposed to correct the return
  • July 6, 2016
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Kuldeep

Category : Income t..,
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July 5, 2016 9:28 pm
  • Income tax
Hi Amlan,

I am currently in Singapore. I have few questions regarding taxation.

1. I haven’t filed IT return for FY 2013-14, 2014-15 and 2015-16. I am not able to file ITR for FY 2013-14 online. Is there any way I can file it online?

2. Without filing ITR for FY 2013-14, can I file ITR for othe...
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Amlan Dutta
1.) Filing return is a time based activity ...As of today i.e 05/07/2016 , you can no longer file returns for FY 2013 14 , belated period to which ended on 31/03/2016 ...there is no way to file return either online or by any other means now

For FY 2014 15 , you can file belated return
For FY 2015 16...
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  • July 5, 2016
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Arvind Singh

Category : Income t..,
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July 5, 2016 6:03 pm
  • Income tax
Hello Amlan

Last year I earned 16 lakh rupees from my youtube channel by uploading videos. it was my only source of income. which ITR do i need to file and how much tax should i pay?
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Amlan Dutta
Youtube channel can be considered a business income .. so for this case , you can show either normal or presumptive income ...i will advise presumptive income under section 44AD ........Basically, you can use presumptive section 44AD and file return showing 8 % of gross receipts of 16 lakhs i.e 0....
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  • July 5, 2016
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Arvind Singh
Thank you, presumptive taxation sounds very good. but will the government not raise questions as my actual profit is way higher than 8%.. in-fact all of my earnings are my profit
  • July 7, 2016
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