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Siddharth Pharate

Category : Income t..,
Solved
January 8, 2017 11:47 pm
  • Income tax
Hi sir,I wrongly filed an ITR. ITR was supposed to be for A.Y 2017-2018. But I filed it for A.Y 2016-2017. The ITR is processed and now I get Tax Demand request from Income Tax to pay Rs 22000. I was a student during A.Y 2016-2017 And no income was earned during this A.Y But I gave details for A.Y 2...
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Amlan Dutta
For AY 2016 17 , file rectification request to issued assessment order and file nil return . Also meet the assessing officer in this regard after having requested rectification . As far as AY 2017 18 is concerned , file a fresh return correctly when the returns become available in due course of time...
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  • January 9, 2017
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Siddharth Pharate
Hello Amlan Yesterday I got an email intimation 143(1) from IT DEPT and now I want to file a rectification Can you Please help me with respect to what options have to be selected
  • February 11, 2017
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sayan nag

Category : DTAA..,
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January 4, 2017 4:55 pm
  • DTAA
Respected Sir,

I observe a case where a pension holder, age 68 years (one rank one pension which impose in 3.2.2016) received arrear in FY 2016-17 Rs. 100000. can i claim relief u/s 89 in respect of this arrear in AY year 2017-18?
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Amlan Dutta
FY 2016 17 is nothing but AY 2017 18 .....so obviously if you received any arrears in FY 2016 17 , you will seek benefit in FY 2016 17 i.e AY 2017 18 only ...arrears relief as like salary is also available for pension under section 89 ...you can surely claim pension relief!
  • January 6, 2017
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SUDHIRA PRUSTI

Category : Income t..,
Solved
January 3, 2017 11:04 pm
  • Income tax
Dear Sir,

can i e file income tax return for financial year 2014-2015 AY 2015-2016 .
i want to efile bacause of receive a non-fillers Monitoring System Email.
I want to FILE ALSO FORM 10E and wants relief 89(1)

is this possible now please advice me how can i efile sucessfully .
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Amlan Dutta
Be quick , belated period for filing shall end on 31st March 2017 !You can file belated return ...check tutorial on how to file belated return ...If you wanna seek arrears relief under section 89 , be careful to first fill up form 10 E online before claiming such figures in the tax return ...since b...
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  • January 4, 2017
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Sudesh Shenoy

Category : Income t..,
Solved
January 3, 2017 3:50 pm
  • Income tax
Hello Amlan,
I am doing business indulged as retail seller of agricultural products like coffee, and all transactions are done via bank i use both SB Account and OD account for doing this business. Rs 38,00,000 transaction in SB A/C and Rs 40,00,000 in OD account.
1) While filing income tax return ,wh...
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Amlan Dutta
Use common sense rather than mechanical way of thinking ...what is turnover ..sales plus taxes ...how does a account balance signify turnover ...if it does , then yes ..if no then no ...basically sum up all sales of trading account in no matter what accounts ( types or subtypes you have ) to arrive ...
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  • January 4, 2017
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