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Rajan

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 shown t...
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Amlan Dutta
The loan taken from bank is not income ...if you declare it during the course of scrutiny assessment as to explain the money source , there should be no problem since tax is liable on income alone and not on non income sources like loans etc.........
  • August 20, 2018
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Siva

ITR 4...
Hi Amlan, Yes, I'm working as technical consultant (freelancer). I have got another question on Presumptive Taxation eligibility when I found the below one in FAQs.

FAQ: Who cannot opt for the Presumption Taxation Scheme?
Answer: If the taxpayer has claimed deduction under section 10, 10A, 10B, Sectio...
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Amlan Dutta
I don't like commenting on stupid articles and FAQ's and this would be my last response to this question ...that is section 10A and not section 10 ...that much is enough ,,,i won't waste any further time..next time please link your question if you provide a FAQ reference ...if it is of any blogger ...
  • August 19, 2018
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Siva
Sorry about that and Thanks for your response!
  • August 20, 2018
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anil bains

Hi.....this is anil...following you since 2014....your videos were very helpful .....could you please help regarding the ITR 4 filling for person having salary income as well as loss/profit from intraday trading ....
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Amlan Dutta
I cannot show the whole process here ...he/she will be filing ITR 3/4 showing intraday as speculative income (Which can be offered both on normal and presumptive basis.)
  • July 26, 2018
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Siva

ITR 4...
Hi Amlan,

I have watched few of your videos and look great. I do have some understanding on tax calculations and prefer to e-file myself. I'm little bit confused whether to go with ITR 4 or ITR 1 for my scenario, where I had quit job and started freelancing during the last FY:
- First few months - Sal...
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Siva
Awesome Amlan, you have clarified all my questions. Thanks for the quick response!
  • July 26, 2018
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Siva
Hi Amlan, I have got another question on Presumptive Taxation eligibility when I found the below one in FAQs.

FAQ: Who cannot opt for the Presumption Taxation Scheme?
Answer: If the taxpayer has claimed deduction under section 10, 10A, 10B, Section 10BA, or Section 80HH to 80RRB in the relevant year t...
  • July 26, 2018
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Sanjib Basak

Sir
I have filing ITR4 for FY 17-18. Total bill amount Rs 12 lakh and received amount by the party thru bank of Rs 10 lakh for FY 17-18. And debtors Rs 2 lakh in FY 17-18. Which amount shown iin ITR 4 in Gross Turnover or gross receipt? I have show 10 lakh in Bank received and 2 lakh in other recei...
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lucky

ITR 4...
i pay from online banking from my current account to rs 30,00,000/- per year (for mob recharge, DTH, flight booking, money transfer, school fee, university admission fee and etc)
should i apply for gst or not?
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Amlan Dutta
Your question is regarding GST registration...here since your annual turnover exceeds 20 lakhs , you are required to proceed for GST registration ....as far as direct taxes are concerned, you will be liable to pay income taxes on the generated income and file return for it ...you can refer videos on...
  • May 23, 2018
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