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Debkanta Paul

Category : Income t..,
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July 5, 2018 9:09 am
  • Income tax
Amlan sir, I have followed your videos from last 1 year. I am a MBBS student have no salary or house property income. I have income from share trading both delivery based & intraday. I want to show delivery based gains as STCG(@15%). But intraday needs to be shown as speculative business income.

M...
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Amlan Dutta
My questions are,

1) While making profit and loss account for ITR 3 (AY 2017-18) should I show 20000 as gross profit & deduct expenses to show net profit?

Income statement is not made like this.

First the gross receipts i.e turnover is shown . Then the operating expenses and the permissible busine...
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  • July 5, 2018
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Utkarsh

Category : TDS Cred..,
Solved
July 5, 2018 7:47 am
  • TDS Credit
I got Form16 from employer but TDS deducted by employer not showing in 26 AS till now? How to file itr without matching both the docs.
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Amlan Dutta
It is deductor (in this case, the employer's) duty to deposit deducted TDS through challan and file TDS return properly and it is only then that the deducted TDS shall appear in your tax credit statement and you can take credit of it. Take it up with employer and let them know that they are requir...
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  • July 5, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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Rakesh Ranjan

Category : INCOME S..,
Solved
July 5, 2018 7:12 am
  • INCOME SCHEDULE - SALARY
Sir,
With the basics of filing ITR that I have learnt from your channel I have decided to file my mom's ITR this year.
But a few entries in the salary slip of the financial year 17-18 is making it very difficult for me.
One of the entries is of the Year 2016.
This can be unique case for us viewers t...
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Amlan Dutta
No, please don't mail salary slip etc ...I have already made a tutorial on how to file return for salaried guys showing salary breakup with form 16 and salary slips ...you may refer that ....

The basic idea is to reflect chargeable income from salary , arrive at taxable income and let the return comp...
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  • July 5, 2018
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ELANGO

Category : Processi..,
Solved
July 5, 2018 1:25 am
  • Processing of returns
Hi Amlan,
Should one change PAN Jurisdiction when he migrated to another place? Is it compulsory? or optional? If it is compulsory how to change it? Is it enough ,,,if we change address details on the IT website?
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Amlan Dutta
It is not mandatory , however people prefer to do it because sometimes the assessing officer may call upon physical presence for carrying out scrutiny assessment and it helps to have the assessing officer in the same city . It does not happen through address change on IT website nor through updatio...
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  • July 5, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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