Categories
Normal Grid Pagination Scroll
Debkanta Paul

Category : ITR 3..,
Solved
July 10, 2018 1:55 am
  • ITR 3
Amlan sir pls tell me if I am a professional ( private tution) and filling ITR3 in no account case then what detail should I fill in the column if Sundry creditors ,,debtors ,,stock in trade and cash balance.
I am not doing any business then should I keep this blank( for your vivid understanding m...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
The word sundry comes from miscellaneous which cannot be pointed at ...so sundry sales means miscellaneous sales

Your business ( Intraday trading ) has no question of sundry creditors.... Sundry creditors are trade related purchases that you have made on credit ( you shall return them money after so...
View More
  • July 10, 2018
  • LikeLike
  • 1 person
  • Select as Answer
SYED UMAIR HUSAIN

Category : How to f..,
Solved
July 10, 2018 12:35 am
  • How to fill Salary breakup in ITR 1
Dear sir, What if i file the return using the "income chargeable under the head salaries" and show the deductions given in my form 16 part B.

the tax deducted is exactly matching with the tax deducted according to the form 16 B.

is this wrong?
  • Hide Placeholder
  • Hide Discussion
AYUSH
Hello shyed regarding your query the income tax department has done new formating in itr salary breakup for more clarity and reporting purposes if you will make same as it to form 16 it will not hammper you I believe but my advice is to show as preferred format for avoidance of future consequence. O...
View More
  • July 10, 2018
  • LikeLike
  • Select as Answer
Amlan Dutta
I am not sure i understand your question ...the income chargeable is not a editable field that one can fill directly for return utility for AY 2018 19 ...it is self computed once the assessee fills all other fields required for computation of chargeable income .....basically chargeable income = sala...
View More
I am not sure i understand your question ...the income chargeable is not a editable field that one can fill directly for return utility for AY 2018 19 ...it is self computed once the assessee fills all other fields required for computation of chargeable income .....basically chargeable income = salary + non exempt allowances + perks + perquisites - Deductions U/s 16 ....so assessee is required to fill ion salary , non exempt allowances, , perks , perquisites , and deductions ...Once assessee does the chargeable income gets automatically computed ...the assessee cannot fill the chargeable income directly ...look at the attached pictures for more clarity ..... I am not sure i understand your question ...the income chargeable is not a editable field that one can fill directly for return utility for AY 2018 19 ...it is self computed once the assessee fills all other fields required for computation of chargeable income .....basically chargeable income = salary + non exempt allowances + perks + perquisites - Deductions U/s 16 ....so assessee is required to fill ion salary , non exempt allowances, , perks , perquisites , and deductions ...Once assessee does the chargeable income gets automatically computed ...the assessee cannot fill the chargeable income directly ...look at the attached pictures for more clarity .....
  • July 10, 2018
  • LikeLike
  • Select as Answer
Debkanta Paul

Category : ITR 3..,
Unsolved
July 9, 2018 9:50 pm
  • ITR 3
Sir I generally file ITR4 u/s 44AD now i have capital gains also for this financial year. So can I file ITR3 and also get benefit of Presumtive scheme u/ s 44AD??
If I computer net profit in P& L account of ITR3 the net profit automatically comes to the A1 of schedule BP. Now how to show it as u/s ...
View More
  • Hide Placeholder
  • Hide Discussion
AYUSH

Category : STCG on ..,
Solved
July 9, 2018 9:42 pm
  • STCG on Stocks
Hello amlan, in year ending 31 march 2018 I have done some intra day trading In few I gain profit and few I gain loss the ultimate.. Aggregate of all transactions is a loss I want to file itr3 can you please tell me where I can show this in my itr 3 if possible short term transaction tax.
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
This has to be treated as business income ....you will fill up income statement accordingly to reflect loss , however note that in this case then you are bound for audit since income (Loss) will be less than presumptive value............
  • July 9, 2018
  • LikeLike
  • 1 person
  • Select as Answer