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Mahendrakumar Kolhe

Category : Capital ..,
Unsolved
July 27, 2019 1:22 pm
  • Capital Gains exemption
Hi Amlan Sir,

I have earned rs 65288 from long term capital gain in FY 2018-19 due to the sale of equity shares. purchase price - 196505 sale price 262523. as of 1st Jan 2018 fair market value of those securities - 357156

When I am filling ITR2 schedule CG. it does not give me the benefit of non-t...
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DIVYANSH TRIPATHY

Category : ITR 1..,
Solved
July 27, 2019 1:21 am
  • ITR 1
hello sir , my question is , suppose i ( i am teacher and also taxable person ) receive rs 45000 ( whole year )as part time ( for which i do not have any evidence mean ( cash receipt , register,this rs 45000 ( i received from various source like lecture and other small computer work in cash ) so h...
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Amlan Dutta
For evidence, it is better that you maintain some account journal where you should be clearly able to point out the 45000 Rs breakup ( lecture, computer work etc ) ...that itself is enough ...such random income can be offered as income from other sources under any other filed and proper description ...
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  • July 27, 2019
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Dalip singh

Category : Notices.., Intimati..,
Solved
July 26, 2019 8:57 pm
  • Notices
  • Intimation Notice under 143(1)a
Hello sir
I have filed a return of my uncle last year. In this ITR refund of amount around Rs. 6000 but got a Demand under section 143(1)a of amount Rs. 15470 of financial year 2010-11. We wanted to adjust this demand by refund amount. After the adjustment demand of around Rs. 9440 is left and we h...
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Amlan Dutta
It does not work this way ...it is stupid to expect that the demand for some earlier year will appear in the return and adjust itself against the previous year refund ...taxable income for the previous year will get computed as normal ...if TDS exceeds tax liability, it will automatically qualify fo...
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  • July 28, 2019
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Manvendra Singh

Category :
Solved
July 26, 2019 12:51 pm
Good morning sir ye 60 rupe kese pay kare
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Jitendra B
Income Tax demand upto Rs 100 has to be ignored is what I was once told by the IT Helpdesk on phone. The Rs 60 will get considered payable in your next year IT return submission. Mr Amlan can guide more on this.
  • July 26, 2019
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Amlan Dutta
You can use Challan 280 to pay it off selecting demand tax head ...better to pay off such small amounts to avoid headache at a later stage...you can see my tutorial on how to pay demand tax ...usually till 50 rs it can be ignored but i advise my subscribers to pay it off since getting it adjusted or...
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  • July 26, 2019
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