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NILESH NAMDEV BHOLE

Category : Revised ..,
Solved
May 16, 2018 1:27 pm
  • Revised Return U/s 139(5)
Dear sir,
Is there any provision to revised the ITR form for the assessment year 2011-12. one of the senior person filling wrong asst year 2011 12 ITR n he didn't check his outstanding demand .what will be the provision in such type of case .
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Amlan Dutta
No, there is no provision and he cannot file revised return . if assessee has filed wrong return which has already been processed , he is now required to go and meet the assessing officer ...the assessing officer can help with the proceedings for such returns filed where time period of filing is alr...
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  • May 16, 2018
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Rajan

Category : e Procee..,
Solved
May 16, 2018 8:46 am
  • e Proceedings
Hi sir .
I received a notice under142 (1) from ITO and asked to furnish few deatils or AY 16-17.
For AY 16-17 I have already filled the income tax return.
in that year I have taken some loan from bank and invested that amount in share market and lost all of my money.
While filling return my CA has s...
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Amlan Dutta
No, loan doesn't translate to income and is not taxable ....But head towards e proceedings and check which things are being contested ....was the income from stock market delivery based trading or did it contain F&O, intraday as well ......i need more information and your
e proceeding screenshot ...
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  • May 16, 2018
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Gaurav Tiwari

Category : Refund R..,
Solved
May 15, 2018 11:41 pm
  • Refund Return
Sir,

I have filed my father return of AY 17-18, in that 1840 refund was due but they send me intimation us 143(1) because in 26 AS some interest credited into acc. now issue is TDS already deducted by bank and I am agree with that I filed revised return in that I mentioned 1950 under other source o...
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Amlan Dutta
I have studied your intimation ...it clearly shows that you have yourself shown that there is taxpayable and the intimation supports that view...In case you feel that you have some TDS credit that you have not claimed in return , you must revise your return ......know that tax on total income (salar...
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  • May 16, 2018
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Sudarshan patidar

Category : Presumpt..,
Solved
May 15, 2018 7:22 pm
  • Presumptive taxation
Hello Amlan,
I have a practical problem regarding RTO AGENT. MY TURNOVER receipt around 1.2 crore in bank account which is deposit by my clients and i paid it to govrnment RTO office for vehicle registration charges for behalf of my clients. I take my fees for this activies ...
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Amlan Dutta
Am assuming the following.......................
AY 2018 19 - Non senior resident individual
This is not anyways a eligible business...
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  • May 15, 2018
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