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Hi sir .
I received a notice under142 (1) from ITO and asked to furnish few deatils or AY 16-17.
For AY 16-17 I have already filled the income tax return.
in that year I have taken some loan from bank and invested that amount in share market and lost all of my money.
While filling return my CA has s...View MoreHi sir .
I received a notice under142 (1) from ITO and asked to furnish few deatils or AY 16-17.
For AY 16-17 I have already filled the income tax return.
in that year I have taken some loan from bank and invested that amount in share market and lost all of my money.
While filling return my CA has s...View MoreHi sir .
I received a notice under142 (1) from ITO and asked to furnish few deatils or AY 16-17.
For AY 16-17 I have already filled the income tax return.
in that year I have taken some loan from bank and invested that amount in share market and lost all of my money.
While filling return my CA has shown the occurred loss but source of money was not shown.
My question is that is loan taken from bank is taxable ?
I will just paste the notice received in bottom.
Please help.
Sir/ Madam/ M/s,
In connection with the assessment for the assessment year 2016-17 you are required to:
a) Furnish or cause to be furnished on or before 24/05/2018 at 02:45 PM the accounts and documents
specified overleaf.
b) Furnish and verified in the prescribed manner under Rule 14 of I.T. Rules 1962 the information called for as
per annexure and on the points or matters specified therein on or before 24/05/2018 at 02:45 PM.
c) The above mentioned evidence/information is to be furnished online electronically in 'E-Proceeding' facility
through your account in 'e-filing' website of Income Tax Department.
d) Para(s) (a) to (c) are applicable if you have an account in e-filing website of Income Tax Department. Till
such an account is created by you, assessment proceedings shall be carried out either through your e-mail
account or manually (if e-mail is not available).
e) In cases where order has to be passed under section 153A/153C of the Income Tax Act, 1961 read with
section 143(3), assessment proceedings would be conducted manually.
Nature of business activities carried out by you during F.Y. 2015-16 including all sources of your
income
2. Details of all bank accounts possessed by you including closed account during the F.Y. 2015-16
alongwith bank statemnet
3. Stock Register, Sale Ledger & Purchase Ledger
4. Audit Report for F.Y. 2014-15 & 2015-16
5. Details of investment & income relating to securities transaction made by you during F.Y. 2015-16
6. Details of Demate account & Trading AccountView LessView Less
Sir ..
I have traded in Intraday and FO and making a loss of 16 lacs.
I have borrowed money from my friends 4 lacs ,my salary 5 lacs And taken a loan from bank of 7 lacs .
Information asked by A.O is already mentioned in trailing mail.
I want to know that whether I have to show him or inform him about my loans also as he requried details of money source z.
Please help and guide .
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When I attach a JSON file while filing ITR U, personal information error shows on the screen. I have prefilled personal information data from IT portal how to correct it ?
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Dear Amlan
Hope you are well and good.
I filled a return for refund on 30th July 2022 and submit it without E-verification. I noticed a few corrections and filled the revised return on 3 Aug 2022 and e verify it on 4th august. But I get a demand notice because they added 5000 u/s 234F. i don't know w...
Hope you are well and good.
I filled a return for refund on 30th July 2022 and submit it without E-verification. I noticed a few corrections and filled the revised return on 3 Aug 2022 and e verify it on 4th august. But I get a demand notice because they added 5000 u/s 234F. i don't know w...
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Hi Amlan Sir
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Dear Amlan
I received Arrears but in my return of AY 2019 20 i didnt report it.
nor was form 10e form filled.
Revision is not possible but Can i file rectification under(Return Data Correction) Sub category : Others (And what reason should i give)
Thanks in Advance
I received Arrears but in my return of AY 2019 20 i didnt report it.
nor was form 10e form filled.
Revision is not possible but Can i file rectification under(Return Data Correction) Sub category : Others (And what reason should i give)
Thanks in Advance