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Nishant Sharma

Category : Revised ..,
Solved
July 12, 2018 3:04 am
  • Revised Return U/s 139(5)
Hello Sir,

I have filled my ITR but haven't shown interest from my savings account in two banks inside income from other sources çolumn. I was not aware about it. Can I show it now and how?.
Also I have come to know that no TDR is deducted by banks on interests from savings account and hence it d...
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Amlan Dutta
Yes , you can show it by revising the return using section 139(5) ...check my tutorial for revising return ...same return has to be filled again however selecting 139(5) filing section and this time along with the corrections as well ......It will not lead to mismatch ...department sends mismatch on...
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  • July 12, 2018
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Manoj

Category : Refund R..,
Solved
July 12, 2018 2:17 am
  • Refund Return
I am in 5% tax slab but my bank deduct 10% tds on fd when i fill return tax calculated on total income (salary +fd interest) 5% can i eligible 5% interest income on Fd for refund? This is correct or not?
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Amlan Dutta
Yes, your thinking is right ...whatever the tax liability as per slabs will get computed by the return utility i.e say 100 Rs ...now if TDS has been deducted more than this i.e say 200 rs , it means that you are liable for refund of 100 rs and you can claim it by filing refund return (In this case I...
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  • July 12, 2018
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Hardik

Category : Selectio..,
Solved
July 12, 2018 12:36 am
  • Selection of Return
Hello,

Which ITR is suitable for freelancing + stock market filing?
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AYUSH
Itr 3
  • July 12, 2018
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Amlan Dutta
If freelancing is for technical consultancy then it is profession and stock arket depends ( delivery is treated as capital gains and rest as business )....in either case the scope of taxable income can be represented using ITR 3 , so ITR 3 should be suitable
  • July 12, 2018
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Vipin Ambedkar

Category : Selectio..,
Solved
July 11, 2018 11:57 pm
  • Selection of Return
Dear amlan sir
I have two query that mention below
Case 1. If I am a common man and invested rupees in network marketing company .company credited rupees in my account two and more time in one month. so that which itr I,ll filled?
Case 2. If I am a government salaried person and belongs to abov...
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Amlan Dutta
1.) Income from network marketing is treated as income from other sources - Here ITR 1 can be used
2.) Here , salary and other sources ( network ...
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  • July 12, 2018
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