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ISTIYAk

Category : Income t..,
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April 10, 2018 5:00 pm
  • Income tax
Ek friend ka ye v questions hai ki uske uncle business karte the aur itr4s file karte the...is sal itr 4 file kiye.... February 2017 me unki shop closed ho gayi...avi vo kuch nahi karte...ha kuch bank me FD kiye hai...bus vahi unki income hai..avi unhe AY 18-19 me kaun sa itr file karni hogi..unka F...
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Amlan Dutta
He has derived derived no business income for the financial year 2017 18 ... he has only derived income from interest ...as such he can file simply ITR 1 ....however few years back i have read that once a person files presumptive business , he is required to continue it for 5 years something ...so h...
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  • April 10, 2018
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ISTIYAk
.however few years back i have read that once a person files presumptive business , he is required to continue it for 5 years something ...so he shall be safe by filing presumptive return and showing income of interest under income from other sources.....ye samagh me nahi aya...hindi me bataye... pl...
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  • April 10, 2018
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ISTIYAk

Category : Income t..,
Solved
April 10, 2018 4:51 pm
  • Income tax
Sir mera ek friend hai..vo pahle private school me teacher tha..vo itr1 file karta tha..avi usne school chod diya...avi uski koi income nahi hai..vo apne bhai ke business me help karta hai...to avi use itr file karni padegi ya nahi karni padegi..aur kaun si itr file karega..1,2,4 ya koi aur....
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Amlan Dutta
If he has no source of income , then he is not required to file return of income ..... If he still wishes to , he can always file a nil return of income( i.e he is returning no part of income as tax ) ...he can do a simple ITR 1 nil return keeping all income heads as zero ( You may see my tutorial...
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  • April 10, 2018
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Shubham Bauskar

Category : Income t..,
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April 10, 2018 12:55 am
  • Income tax
Hi Sir,

My father income is above 6 lakh and also have income from rent so if i show it in income from other sources then 20% tax i have to pay on rent is there any difference in tax i have to pay on rent if i file itr 2..??
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Amlan Dutta
Changing returns don't change tax computation .....income from rents falls under house property and without much idea on what income head is contributing to his six lakh income , it is tough for me to advise further

Select return based on the income heads and it shall compute exact taxes that you sha...
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  • April 10, 2018
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Shubham Bauskar
six lakh is from salary and thank you
  • April 10, 2018
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Raj Kumar Tewari

Category : Income t..,
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April 9, 2018 11:23 pm
  • Income tax
Hello Amlan,

we can submit ITR of a deceased person via legal hier option. can we repeat this processes again for the next financial year, if deceased person remain income for next coming up financial years. like FDs or mutual funds for more then one financial year. if not, then how can we refund TDS...
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Amlan Dutta
It is advised to break all FD's , Mutual funds and transfer funds to nominee name ...on the year the assessee expires, it is required that the legal heir files the deceased final return of income and once return filed , submit the PAN to the jurisdictional assessing officer so that no further notic...
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  • April 10, 2018
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