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vipin kumar

Category : Income t..,
Solved
July 15, 2016 6:53 pm
  • Income tax
Hi Amlan,
I want your suggestion regarding itr filling ..............
i m a medical consultant and i m working with a company,
company deduct 10% tds in monthly salary.
they provide me form 16A under section 194j,
for suppose my annual income is 388700/-
interest is 6000/-
i have saving and lic - 17600/-
...
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Amlan Dutta
Remember the normal process for filing any return remains the same i.e use income schedule to depict income , saving schedule to depict savings , check tax liability as computed by tax return .....then check whether deducted TDS is sufficient to meet tax liability . if yes , upload the return ....i...
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  • July 16, 2016
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RAUSHAN KUMAR MISHRA

Category : Income t..,
Solved
July 15, 2016 6:19 pm
  • Income tax
Dear sir Assesse has filled income tax return AY 16-17 us 44AE. He wants to file income tax return AY 15-16 us 44AD because this financial year has bhojnalya business...
Is it possible to do...
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Amlan Dutta
Every financial year is separate ...what has been filed one year has no relevance to the selection of return in any other separate year.
What will govern the selection of return in any independent previous year is the scope of taxable income for the assesse for that year
If assesse has eligible busin...
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  • July 16, 2016
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Girija Kumar

Category : Income t..,
Solved
July 14, 2016 11:22 pm
  • Income tax
Hi, End of FY 16, I had made a few F&O trades on NSE. Tradewise Turnover was 50k (profit + loss + sell option premium). Profit was 5k. This comes under non-speculative business incoome. The P&L, Balance Sheet and BP schedules in ITR4 are very confusing. Can you please help understand how fill up the...
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Amlan Dutta
As correctly understood by you , unlike popular public opinion that futures and option is to be treated as capital gain or speculative business , it is infact to be considered as normal business income .

I propose presumptive filing for your case considering both eligibility and the case details .Le...
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  • July 15, 2016
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HEMANT KUMAR

Category : Income t..,
Solved
July 14, 2016 1:22 pm
  • Income tax
I'm hemant from WB, sir my uncle didn't file ITR1 in the AY 2014-15 so now income tax department send a letter about ITR filing of AY 2014-15 and asking a response in the Compliance'module but I don't have any any idea which reason is suitable. sir uncle salary is approx 6lakh for this. Sir pleas...
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Amlan Dutta
He was required to file since his gross total income is above threshold levels ...since he has not done , he will select reason that is most suitable ....send me screenshot of the reasons that appear for me to be able to recommend further ...
  • July 14, 2016
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