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Keval Shah

Category : ASSESSME..,
Solved
September 12, 2018 8:43 pm
  • ASSESSMENT PROCESS
Hi sir , i was handling my friends father assessment. There are demands from earlier years in site , also in past few letter were submitted . But half of documents are not available right now. What is the correct course of action should i do now. I am not able to trace demands & letters .
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Amlan Dutta
Download income tax returns for relevant assessment years

Firstly , check scope of taxable income (check savings also) and arising tax liability that was declared in tax return
Check the tax credit available to you that was used to meet the tax liability declared in ITR

Now check , whether i...
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  • September 13, 2018
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Rajesh Iyer

Category : Income t..,
Solved
September 10, 2018 3:54 pm
  • Income tax
If a person in India earns ₹20 crore in a F. Y., out of which he gave 2 crore to his friend as a wedding gift by making deeds and all documentation. Now on what sum of money does the giver has to pay tax at the end of F. Y.? On ₹20 cr or on ₹18 cr?
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Amlan Dutta
The entire 20 Crore shall be taxable in the hands of the giver ( doner) as per the income head and taxed as per corresponding income head it belongs to and as per slab based taxation ..........

For the friend (donee) it shall be exempt , since it is received on his wedding...There are 2 cases one...
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  • September 11, 2018
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Shivam pandey

Category : Form 10 ..,
Solved
September 9, 2018 2:00 am
  • Form 10 E not submitted online
Dear sir,
I filed a return for ay 16-17 and claim rebate u/s 89(1) and i forgot to file form 10 e and my return has been processed and demand has been raised by department and rebate of u/s 89(1) has not been given as intimation 143(1)(a).can I file form 10 e and rectify the return for this year ...
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Amlan Dutta
Yes this is a very common case ...you need to fill up and submit form 10 and apply for rectification under reprocess option......i believe rectification option for AY 2018 19 hasn't losses so far .....you may have to wait sometime to submit rectificstion ...watch tutorial for this
  • September 9, 2018
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Shivam pandey

Category : Demand u..,
Solved
September 8, 2018 8:56 pm
  • Demand under section 143(1)a
Dear sir
I filed a return for at 17 -18 and return processed and demand u/s 143(1)(a). And I paid it and I submit the answer (like everything of detail of payment challan no..bsr code etc ) on 7 of February 2018 but till now the demand still shown on my outstanding demand what to do sir plz give...
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Amlan Dutta
Raise Enivaran grievance addressed to assessing officer to nullify demand ....a visit to the assessing officer should do wonders ... they are very slow in systems until one meets them personally .... carry a copy of the challan receipt
  • September 9, 2018
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