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Chandrasekhar G Reddy

Category : Income t..,
Solved
April 6, 2016 8:51 pm
  • Income tax
I am an NRI and I live in USA.

I received a property in India from the family and it was sold last year on 25-JUL-2015 for Rs. 42 lakhs. The indexes cost of the asset is 1.024 lakhs.

We invested the total amount received (Rs. 42 lakhs) in NHAI Bonds Series XVI Section 54 EC of IT Act, 1961 to avoid...
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Amlan Dutta
You have to understand the subject a little .See , return selection depends on person type and his scope of taxable income .Since you are a individual , the returns available to choose are ITR 1/2/3/4/4S .

Of these , you then need to select the return where you can show capital gains , how you have i...
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  • April 7, 2016
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Saubhagya Dutt Suman

Category : Income t..,
Solved
April 6, 2016 7:55 pm
  • Income tax
Amlaan yaar i am filling ITR-1 AY 2015-16, while watching your tutorial usme teri details automatically aa gayi thi naa.. but mere me nahi aa rahi, what to do ?
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Amlan Dutta
Use the quickfile utility and the prefill option....if details available in database , then the tax credit and the applicant details will get filled else no.........once prefilled , applicant must ensure that they are correct ...if they are incorrectly filled , assesse must edit them so as to reflec...
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  • April 7, 2016
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Puneet Soni

Category : Income t..,
Solved
April 6, 2016 5:49 pm
  • Income tax
Dear Sir,
I am doing Jewellery Business. My total Sales is 20 lac and my net profit is 2.5 lac , & i have one house for rs. 30 lac, and car rs 5 lac, those assest which schedule i have to show i don't have any loan.
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Amlan Dutta
You need to show those assets in balance sheet under fixed assets. However , since you are in a business , you can also show file on presumptive basis showing atleast 8 % of turnover as income .In case you decide to do so , you can file ITR 4S and then there is no need of either books (Balance shee...
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  • April 7, 2016
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Tousif Raijada

Category : Filing I..,
Solved
April 6, 2016 2:07 pm
  • Filing Issues
iska matlab samjhaye
please...........
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Amlan Dutta
Take this up with UTI ...normally this happens when the PAN user name and the one given for proof doesn't match etc ...but only they can guide in this case ...i request that form related issues etc should not be posted in this forum because these are are procedural issues and i cannot guide on these...
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  • April 7, 2016
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