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HSingh

Category : Income t..,
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November 20, 2017 9:08 am
  • Income tax
Hi Amlan. Great videos and service. Thanks. I have a question. I needed to revise my AY 2015-16 ITR and received Notice 142(1) also from AO. I filed it and showed more business losses which also carry forward to next years. Do I have (Should I) revise my AY 16-17 and AY 17-18 returns also if losses ...
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Amlan Dutta
You should have declared the losses in order to carry forward/adjust but now you can't for AY 16 17 because you cannot show losses in a belated return other than house property loss ...Also if you don't carry forward losses in a earlier preceding year , you cannot show bought forward losses in the...
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  • January 13, 2018
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Siddharth Pharate

Category : Income t..,
Solved
October 17, 2017 2:57 pm
  • Income tax
Hello All,

Today I got a mail from income tax dept an intimation u/s 143(1).The date of order us 15 Oct 2017 and the pdf document says that i will get a refund of around 5000 . So my question is when this amount of ITR will be credited to my bank account ?
How many days does it take after the intimati...
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Amlan Dutta
There is no fixed time frame and the process may vary from 15 days to 2 months .....under the dashboard section , you may check the status of your refund and may raise a grievance if the refund process gets delayed
  • January 13, 2018
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VIJAY BAHETI

Category : Income t..,
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October 15, 2017 8:37 pm
  • Income tax
Sir I FILED MY WIFES RETURN WITH ITR IV AS SHE IS Consultant Business I mentioned 069 –Network and hardware –other .received notice under section 139(9). as " The provisions of section 44ada not applicable to the tax payer.The nature of business code in SCH nob is not aprofession and the income...
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Amlan Dutta
I am not sure if i understood the question correctly ...you must not select a business if you are using 44ADA (* which is meant for professionals ) ...simply select professional code matching your wife job and you should be able to use the section 44ADA
  • January 13, 2018
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Chintan Shah

Category : Income t..,
Solved
October 5, 2017 12:26 pm
  • Income tax
Hi Amlan,

I have a question regarding PF withdrawal. I have seen your YouTube videos for it. But I Am confused about my case.

Actually, I am right now writing from USA and my fiancee is in India. Now she needs to withdraw PF from her old employer.

Detail: She worked in the old organization for 2010-20...
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Amlan Dutta
The total EPF balance includes the employee’s contribution and that of the employer, along with the accrued interest.


PF while maintaining 5 years of continuous service is tax free( except the interest of employee contributed fund under income from other sources which is also exempt at the time of r...
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  • January 17, 2018
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