Categories
Normal Grid Pagination Scroll
Sanyam Gupta

Category : ITR 4.., How to f..,
Unsolved
August 15, 2019 8:16 pm
Sir,
My mother is a house wife what ever income comes, it`s from Deposits,FD,PPF,etc. I have filled her ITR1 with salary 0. Do i have to revise the ITR by filling ITR4.
Thanks in advance
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
and may i ask you why do you think so ....if her income is from interest income ( interest from deposits , FD , PPF ) , then the ITR 1 very well has income from other sources field...why should you bother thinking of other iTR when ITR 1 helkps you depict the taxable income properly
  • August 29, 2019
  • LikeLike
Rajan

Category : ITR 4..,
Solved
August 20, 2018 12:06 am
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...
View More
  • Hide Placeholder
  • Hide Discussion
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
  • LikeLike
  • Select as Answer
Siva

Category : ITR 4..,
Solved
August 17, 2018 11:40 pm
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...
View More
  • Hide Placeholder
  • Hide Discussion
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 ...
View More
  • August 19, 2018
  • LikeLike
  • Select as Answer
Siva
Sorry about that and Thanks for your response!
  • August 20, 2018
  • LikeLike
  • Select as Answer
anil bains

Category : ITR 4..,
Solved
July 26, 2018 1:01 pm
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 ....
  • Hide Placeholder
  • Hide Discussion
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
  • LikeLike
  • Select as Answer