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Lokesh Jangid

Category : 44 AD ( ..,
Solved
July 15, 2018 11:36 pm
  • 44 AD ( Business income)
Sir I don't get my questions answer so i post it again plz reply me .I received money from my friend as a loan through online transfer.So While Filing ITR U/S 44AD It will be considered as a gross receipt or I can show that money as a Unsecured loan(What is the treatment whether it is used for perso...
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Amlan Dutta
If loan has been taken for business , then it can be shown as unsecured loan for business ....but in 44ad where is the need for all these ....which return are you filing ...if ITR 4 , then the financials required are very basic in nature ......
  • July 16, 2018
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Preet Gill

Category : Exempt S..,
Solved
July 15, 2018 11:02 pm
  • Exempt Statutory PF interest u/s 10 (11)
For interest on PPF from SBI bank --> I checked your video and understand that I need to show it under exempt income as 10 (11) but do I also need to show it under income ? For example income from other sources ? or do not show under income and only show under exempt income ?
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Amlan Dutta
If you show PF interest under other sources , it will become taxable and no longer remain exempt ...understand concept of what exempt i.e non taxable means ...f you have 100 Rs FD interest , 100 Rs savng interest , 100 Rs PF interest, then Both fd and saving interest is taxable and to be shown under...
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  • July 16, 2018
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Imranul Haque

Category : Intimati..,
Unsolved
July 15, 2018 10:57 pm
  • Intimation Notice under 143(1)a
Sir here is form 143(1) from income tax department . Please reply how to answer to income tax department.
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Amlan Dutta
This is mere intimation assessment ....everyone gets it, no need to worry or panic ...there is no action required since i see that your assessment agrees with your filing....you must also know how to study the assessment so that you don't have to ask for guidance ...before just wanting to ask ques...
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  • July 16, 2018
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BIBEK

Category : How to s..,
Solved
July 15, 2018 10:17 pm
  • How to show Gift from relative in return(U/s 56(2)
Gifted money to my mother. Will she show it in exempt income? And where should i mention it in my itr?
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BIBEK
My mother will show it in exempt income. True.
But do I also have to show it in my itr that i gifted a sum to my mother? If yes, where?
  • July 15, 2018
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BIBEK
Thank You for clearing my doubt.
  • July 16, 2018
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