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Vishal

Preparing Balance sheet...
How should any cashback, on any expense be treated, while preparing your balance sheet? Ex: cashback which comes into your paytm wallet.Should it be adjusted in drawings in capital a/c or in cash in hand under balance sheet or as income ??
If income under which head?
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Amlan Dutta
Say i pay using HDFC credit card 100 rs for a ticket and get 30 rs cashback on account of using HDFC , then this 30 rs enters my account and is available as cash ...so , as per my interpretation it should be cash in hand ...no question of drawing from capital a/c ...we are not withdrawing the 30 rs ...
  • 19 hours ago
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Rishab Arora

INCOME HEAD - BUSINESS PROFESSION...
If a doctor work in a private hospital and got salary & also have capital gains from short term and long term from share market.
My query is this that during the filling of ITR3:-
Total income is Rs.480000 and TDS is deducted under section 194J.
Is that person show the expenses in ITR 3

IF YES , the...
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Naveen kumar srivastava

INCOME HEAD - BUSINESS PROFESSION...
Sir
I am a retired person , my source of income is pesion , intrest of savings & income from business.

I have to pay salary to my workers .
My question is how can i show salary given to worker in my ITR Fy 17 -18 .
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Amlan Dutta
Yes, you can can debit the income statement by eligible expenses (Which includes salaries and wages)...select category properly to avoid query getting deleted...
Yes, you can can debit the income statement by eligible expenses (Which includes salaries and wages)...select category properly to avoid query getting deleted...
  • July 30, 2018
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Rishab Arora

INCOME HEAD - BUSINESS PROFESSION...
Hlo sir ,
If a doctor work in a private hospital and got salary & also have capital gains from short term and long term from share market.
My query is this that during the filling of ITR3:-
Total income is Rs.480000 and TDS is deducted under section 194J.
Is that person show the expenses in ITR 3 as ...
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manoj

Profession...
Hello Amlan sir
I am little bit confused my Income had are Professional (contract Employee),Fd interest and pension.This Year (2018) i invest some money in Mutual funds (lump sum) which ITR from i filed and why not Itr4.....?
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Tapas Sarkar

INCOME HEAD - BUSINESS PROFESSION...
Sir , I have a computer academy . How can I file return ? Which ITR ?
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Amlan Dutta
This will be treated as business income , you will fill ITR 3/4 depending on whether to show income on normal/presumptive basis.

Select query category properly next time
  • July 26, 2018
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Rohit dubey

Filing return for LIC agent...
-My mother is a post office agent kindly advice me which ITR form to fill and how please reply so I can file before 31july 2018
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Amlan Dutta
This shall be treated as non specified profession under 44AA(1)and ITR 3 filed .....
  • July 26, 2018
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Ram Mahaseth

44ADA ( Profession)...
I had asked a question previously regarding filling of ITR. I receive four quarterly form 16A totalling 4,20,000 given under 194J.
Money is credited in bank account and I study in private hospital for a post graduate course. They pay me for the work I do there as a part of my course requirement.

Now...
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rohit

44 AD ( Business income)...
i file itr 4 (44ad) in last 2 year FY 2015 - 2016 and 2016 to 2017 INCOME FROM capital gains as business income THIS YEAR i have only long term capital gain on shares all income Exemptions under section 10(38) on Long-Term Capital Gains ..and there is no other income such as Professional Income,...
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Amlan Dutta
Yes, you surely can file ITR 2 ...if all you have is exempt LTCG , then even ITR 1 can be used ....as you are already aware that once you decide to discontinue presumptive filing then you cannot use that for 5 years ...
  • July 25, 2018
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Shiv

INCOME HEAD - BUSINESS PROFESSION...
Hello Amlan

I have done interaday, short term and FnO.
1. Can you please confirm under which schedule of ITR3 each one of these should go.
2. My confusion is mainly due short term and FnO because CFL schedule has 2 separate columns for ”loss under income other than speculative business” and “shor...
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manoj

44ADA ( Profession)...
I am a contract employee previously i mention that my other income are fd,pension, mf can i use itr4 and 44ada section. My total financial year income 247486 rs
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Amlan Dutta
You won'be able to use ITR 4 , but you can use ITR 3 since you have income from capital gains
  • July 22, 2018
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NAWNIT KUMAR

44ADA ( Profession)...
Hey! If I have income from consultancy and salary, and I am filing ITR4, then do I need to fill balance sheet?
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Amlan Dutta
yes, you need to , i have made a tutorial for that , you can refer to it
  • July 22, 2018
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