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Nrupal Save

Category : STCG on ..,
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August 30, 2018 7:42 pm
  • STCG on Stocks
Hello Amlan,

Thank you for your information on website and youtube videos. Using this I am easily able to fill in ITR1 as I have salary income.
Additionally, I had some LTCG (gain of 12,433) and STCG (Loss of 9,659) in FY 2017-18. All the transactions yielding the LTCG (gain) and STCG (loss) have t...
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Amlan Dutta
Loss from short term equity delivery is a capital loss .....The income schedule representing capital gains/losses is not present in ITR 1 ... it is present in ITR 2 ......for showing gains or losses from capital gains( from stocks or otherwise) you will have to use ITR 2 ... ...
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  • August 31, 2018
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Ramarao

Category : How to s..,
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August 30, 2018 7:12 pm
  • How to show Gift from relative in return(U/s 56(2)
Hi Sir,
I received an amount of Rs 1,32,000 from my brother who is an NRI , under which category head of ITR1 should it be shown by me or can i take exemption under Gift.
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Amlan Dutta
The tax treatment in this case is guided by Section 56(2) of income tax act 1961....Basically , any sum of money being received by relative is exempt from levy of tax ......

Here, since brother falls under relative purview, any sum of money received from assessee by his brother is exempt in assess...
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  • August 31, 2018
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Vishal

Category : e Procee..,
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August 29, 2018 7:52 pm
  • e Proceedings
I have 5 bank A/c. >2 lakhs was deposited during demonetisation in 1 bank a/c.Got notice reagrding this,was replied through online portal immediately.Further ITR was filed and has been proccessed for AY 2017-2018.
ON 20-11-2015,sold a property in 4 parts to 4 buyers for which I received 60L in cas...
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Vishal
So this cash is from "income from capital gains" for AY 2016-2017 which was shown in ITR of that year,that it was deposited in CGAS a/c.Thus how should i reply with what documents attached ? Also last date for reply is 05/09/2018(as per notice),but i dont know the exact details of which transaction,...
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  • August 30, 2018
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Vishal
What and how should i respond?This is my last query wont ask anything further on this.also there is no table as you said.please list all doc to be attached. Thank u.
What and how should i respond?This is my last query wont ask anything further on this.also there is no table as you said.please list all doc to be attached. Thank u.
  • August 30, 2018
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Maha

Category : UTILITY ..,
Solved
August 29, 2018 6:51 pm
  • UTILITY FILING ISSUES
Question - How to submit Files containing 150 MB data in E-Proceeding against 1 Notice received under Section 142 (1) because for Upload in E-Proceeding, the File size limit is 10 MB only ?

Please note that in connection of Scrutiny going-on in "E-Proceeding" in E-Filing A/c, I have received Notice u...
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Amlan Dutta
1.) Rather than uploading one big consolidated file, you can make smaller individual files and upload ...also , while scanning , select lower resolution (Dots per inches ) . This shall help you reduce your file size ( not sure whether it would help you reduce this much from 150 to 10 Mb but yes, red...
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1.) Rather than uploading one big consolidated file, you can make smaller individual files and upload ...also , while scanning , select lower resolution (Dots per inches ) . This shall help you reduce your file size ( not sure whether it would help you reduce this much from 150 to 10 Mb but yes, reducing dpi ( dots per inches) helps in file compression (making the file of a smaller size)... <br /> <br />(2) You can attach multiple uploads, they won't overwrite and there should not be any issue.
  • August 30, 2018
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