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Rajendran kanniyakumari

Category : ASSESSME..,
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May 27, 2016 12:22 am
  • ASSESSMENT PROCESS
When i view the tax return filing status on the tax website , it shows no demand no refund?
What does it mean?
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Amlan Dutta
It means that the assesse has no further arising tax liability and there are no refunds due as well ...

Basically During tax return filing , the assessee declares scope of taxable income and the taxes paid thereon.
During assessment the assessing officer assesses such tax return

In case the assesse i...
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22 What are Refund and Demand Notices issued by the IT department (Practical)
Often people wonder what are refund and demand notices issued by the income tax department .Interesting here would be to note the journey of Filing returns a...
  • May 27, 2016
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Rajendran kanniyakumari
thank you sir
  • May 28, 2016
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Rajendran kanniyakumari

Category : Filing I..,
Solved
May 27, 2016 12:19 am
  • Filing Issues
What is the difference between quick efiling and normal xml created filing?
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Amlan Dutta
All tax return filing is done through utilities . One can file tax return form using excel /Java / quickfiling utility .....when one does filing using Excel or java utility , they have to download the utility first and then fill the tax return form in such excel or java programmes . Both utilities ...
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3 How to E Verify Tax Return by Net Banking (Quick Filing utility )(Live case )
How to E validate filed income tax return using Net Banking (Live)! Project - Make Knowledge free By - Amlan Dutta Video Link - https://www.youtube.com/watch...
  • May 27, 2016
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Harsh Kumar

Category : INCOME H..,
Solved
May 26, 2016 3:12 pm
  • INCOME HEAD - BUSINESS PROFESSION
My father has created a computer software for commodity trading analysis which helps guide people trade at beneficial price.
He rents it out to client on monthly basis
Will my fathers work be considered as business or profession

If it is considered as business , then can he file ITR 4S
Which will...
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Amlan Dutta
Yes , your fathers income can be treated as business and he can take advantage of presumptive business section 44AD provided other eligibility criteria of turnover are met ...
  • May 26, 2016
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Harsh Kumar
Thanks Again Amlan Sir for your answer.....
  • May 26, 2016
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Bhavesh

Category : Property..,
Solved
May 25, 2016 5:04 pm
  • Property TDS( U/s 194 IA)
Hi friends,Please help me with some queries regarding 1% TDS on property (apartment), details below

Apartment Sale and Construction Agreement date: 07 June 2015

Total consideration value (sale+construction): more than 50L

First owner: wife.
Second owner: myself (same in home loan account also)....
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Amlan Dutta
Reply to your query point-wise is as follows

1. What amount should I mention in wife's form 26QB as she is not paying any amount. Still 50:50? Or I am ok to mention all the amount in my form 26QB only and skip even filling the wife's form 26QB?
...
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  • April 20, 2019
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