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Lokesh Jangid

Category : 44 AD ( ..,
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July 15, 2018 11:36 pm
  • 44 AD ( Business income)
Sir I don't get my questions answer so i post it again plz reply me .I received money from my friend as a loan through online transfer.So While Filing ITR U/S 44AD It will be considered as a gross receipt or I can show that money as a Unsecured loan(What is the treatment whether it is used for perso...
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Amlan Dutta
If loan has been taken for business , then it can be shown as unsecured loan for business ....but in 44ad where is the need for all these ....which return are you filing ...if ITR 4 , then the financials required are very basic in nature ......
  • July 16, 2018
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Preet Gill

Category : Exempt S..,
Solved
July 15, 2018 11:02 pm
  • Exempt Statutory PF interest u/s 10 (11)
For interest on PPF from SBI bank --> I checked your video and understand that I need to show it under exempt income as 10 (11) but do I also need to show it under income ? For example income from other sources ? or do not show under income and only show under exempt income ?
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Amlan Dutta
If you show PF interest under other sources , it will become taxable and no longer remain exempt ...understand concept of what exempt i.e non taxable means ...f you have 100 Rs FD interest , 100 Rs savng interest , 100 Rs PF interest, then Both fd and saving interest is taxable and to be shown under...
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  • July 16, 2018
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BIBEK

Category : How to s..,
Solved
July 15, 2018 10:17 pm
  • How to show Gift from relative in return(U/s 56(2)
Gifted money to my mother. Will she show it in exempt income? And where should i mention it in my itr?
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BIBEK
My mother will show it in exempt income. True.
But do I also have to show it in my itr that i gifted a sum to my mother? If yes, where?
  • July 15, 2018
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BIBEK
Thank You for clearing my doubt.
  • July 16, 2018
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Sanjib Basak

Category : 80 C Ded..,
Solved
July 15, 2018 9:48 pm
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
I have pay LIC premium Rs 12000/_ (including tax Rs 200/_ and late payment Rs 100/_).
Which amount shown in sec 80C?
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Amlan Dutta
12200 Rs ( premium plus taxes)
  • July 15, 2018
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Sanjib Basak
Thanks you Sir
  • July 15, 2018
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