Hello amlan, in year ending 31 march 2018 I have done some intra day trading In few I gain profit and few I gain loss the ultimate.. Aggregate of all transactions is a loss I want to file itr3 can you please tell me where I can show this in my itr 3 if possible short term transaction tax.
AYUSH
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Amlan Dutta
This has to be treated as business income ....you will fill up income statement accordingly to reflect loss , however note that in this case then you are bound for audit since income (Loss) will be less than presumptive value............
- July 9, 2018
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Hi Sir,
I moved from India in June-2017 and my taxable income is ~1.75 Lakhs. I have a home loan and I am paying interest ~2.0 Lakhs. When I enter the details of load interest in B2(V): "Interest payable on borrowed capital" then system shows pop-up " To avail the benefit of carry and set off of los...
I moved from India in June-2017 and my taxable income is ~1.75 Lakhs. I have a home loan and I am paying interest ~2.0 Lakhs. When I enter the details of load interest in B2(V): "Interest payable on borrowed capital" then system shows pop-up " To avail the benefit of carry and set off of los...
AYUSH
Hello Deepak as per ay 18-19 the nri cannot file itr1,. And moreover if you want to file itr of loss of return you have to choose itr2 for that will be appropriate
- July 9, 2018
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Amlan Dutta
There is nothing very difficult in ITR 2 ...it is same concept of return filing , just that you shall fill up income schedules that apply to your scope of taxable income i.e salary and House property schedules ....
what i see happens in your case is that some portion of unadjusted income from House ...
what i see happens in your case is that some portion of unadjusted income from House ...
- July 9, 2018
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hello sir,
greetings of the day,
I seek to know where shall we fill the amount of "tax paid by employer" i.e professional tax as been reflected in form 16 while filing ITR 2 ? i am filing it through excel utility
Thanks in advance
greetings of the day,
I seek to know where shall we fill the amount of "tax paid by employer" i.e professional tax as been reflected in form 16 while filing ITR 2 ? i am filing it through excel utility
Thanks in advance
Zoya
I was trying to attach screenshot but seems there is some problem at my end as its not uploading . But i figured out sir its "professional tax" that has been deducted and paid
- July 9, 2018
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Amlan Dutta
This is eligible deduction under section 16 ...So, you shall mention this tax on employment i.e professional taxes paid under deduction sunder section 16 ...check attached picture
- July 10, 2018
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Hi, as a assistant professor, i got money from university for exam copies evaluation & also for supervision in exam.so In ITR 2 where to show it? In Income from other sources of ITR2, In which sub section i should show it? & one more question In 2014 I have purchased 5yrs NSC & i have not claimed de...
AYUSH
Hey, mihir as per your query regarding nsc I would like to address the same as per the provision you can claim deduction of 80c chapter vi in the the year of investment that means when you have initial invested the money of nsc in 2014, but as per treatment of nsc first you have to add interest of r...
- July 9, 2018
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Amlan Dutta
Show that as income from profession / Other sources ...Choice is yours , i will prefer showing it in income from other sources ....In 80 C you can claim the amount that you put in NSC and the interest for the present year only ...say NSC interest for FY 2017 18 is 4500 rs and the NSC invested amount...
- July 9, 2018
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