Categories
Normal Grid Pagination Scroll
CHANDRAKANT PATEL

Category : Capital ..,
Solved
March 22, 2017 3:02 pm
  • Capital Gains exemption
Sir My father is 82 Years old and retired from central govt. he is getting pension of Rs.39500/- per month as per new pay revision.1)

My Father has received Rs.453431 as pension for financial year 2016-17 and Rs.423673 as Arrears.
Total Income including arrears becomes Rs.877104.

Further the b...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
No , you cannot bifurcate arrears , you will add it to pension and show it under income chargeable under salary/pension ...however your dad shall be eligible for some tax relief under section 89(1) read along with Rule 21A on arrears ( check my tutorial for that )

Compute the capital gains arising f...
View More
  • April 19, 2018
  • LikeLike
  • Select as Answer
RAMAN ROY

Category : Income t..,
Solved
March 18, 2017 4:33 pm
  • Income tax
Sir i have an issue with ITR return filling.actually i have filled a NIL ITR for assessment year 2016-17 before due date,but later on i revised the same and pay income tax of Rs. 4700.few days later i got a demand intimation from CPC for the same amount of Rs 4700. but i have already paid it throug...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
In the revised return did you take credit of paid taxes ...if yes , issue rectification request for reprocessing of case else select option accordingly !
  • March 21, 2017
  • LikeLike
  • Select as Answer
naivedya kumar

Category : Income t..,
Solved
March 18, 2017 4:58 am
  • Income tax
Hi,

I filed an ITR for wrong financial year, during that period i was a student. I placed an online rectification request for the same but it was rejected a mail was sent to me saying

"Your application vide rectification request no 6******** Dated 13-02-2017 for the abovementioned assessment year...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Just meet the assessing officer and he shall close the file
  • March 21, 2017
  • LikeLike
  • Select as Answer
MANISH MITTAL

Category : Selectio..,
Solved
March 13, 2017 1:14 pm
  • Selection of Return
Which ITR I have to file. I have capital gain too from sale of mutual funds.

Also my main source of income is commission earned from distribution of mutual funds???

Is it ITR 2 or ITR 4 ????
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Income from profession and sale of mutual funds (capital gains )...this can be represented using ITR 3 and so you can file using ITR 3 for AY 2018 19 ( for different years you need to study whether the return has those income heads)
  • April 18, 2018
  • LikeLike
  • Select as Answer