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YOGENDER KUMAR

Plz share a tutorial video for e- filing of quarterly return by a deductor
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Amlan Dutta
Please refer to tutorial from my friend Sumit Lodha on this subject!
  • April 12, 2018
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jitendra

INCOME TAX...
Good day,

I have one query regarding share trading delivery based and intraday i have losses in share trading.I have met loss of 2 lakhs in share trading with turnover more than one crore and I don't want to carry forward my losses, even my income from fixed deposits and other sources are not more t...
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Amlan Dutta
Firstly we are talking of audit for business portion only ...next , audit is governed by section 44AB which clearly states that if business income is being shown less than presumptive levels i.e 8 % of gross turnover and if taxable income is more than threshold levels then audit is needed

However in...
  • April 12, 2018
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ISTIYAk

INCOME TAX...
Meri wife ka bank me account hai..aur unki koi income nahi hai...vo ek house wife hai...to itr file karte samay unke account ko v apne itr me show karna padega...
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Amlan Dutta
She will show interest income under other sources and claim deduction benefit under 80 TTA
Check tutorial on taxation of saving interest income
  • April 12, 2018
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Sagar Chawla

Hi Amlan,

I am your subscriber on youtube. Have one query
I received notice from Income Tax regarding adjustment u/s 143(1)(a). They are asking for FD interest rates that i haven't included in "Income from Other sources" while filing ITR. I have gone through Form 26 where i can see that bank has alrea...
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Amlan Dutta
If you agree with proposed addition of income then you can simply pay off the demand using challan 280 .......i will be needing account credentials to study further on what you recieved and what should be done only after logging into the portal using your credentials
  • April 11, 2018
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ISTIYAk

INCOME TAX...
Ek friend ka ye v questions hai ki uske uncle business karte the aur itr4s file karte the...is sal itr 4 file kiye.... February 2017 me unki shop closed ho gayi...avi vo kuch nahi karte...ha kuch bank me FD kiye hai...bus vahi unki income hai..avi unhe AY 18-19 me kaun sa itr file karni hogi..unka F...
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Amlan Dutta
He has derived derived no business income for the financial year 2017 18 ... he has only derived income from interest ...as such he can file simply ITR 1 ....however few years back i have read that once a person files presumptive business , he is required to continue it for 5 years something ...so h...
  • April 10, 2018
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ISTIYAk
.however few years back i have read that once a person files presumptive business , he is required to continue it for 5 years something ...so he shall be safe by filing presumptive return and showing income of interest under income from other sources.....ye samagh me nahi aya...hindi me bataye... pl...
  • April 10, 2018
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ISTIYAk

INCOME TAX...
Sir mera ek friend hai..vo pahle private school me teacher tha..vo itr1 file karta tha..avi usne school chod diya...avi uski koi income nahi hai..vo apne bhai ke business me help karta hai...to avi use itr file karni padegi ya nahi karni padegi..aur kaun si itr file karega..1,2,4 ya koi aur....
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Amlan Dutta
If he has no source of income , then he is not required to file return of income ..... If he still wishes to , he can always file a nil return of income( i.e he is returning no part of income as tax ) ...he can do a simple ITR 1 nil return keeping all income heads as zero ( You may see my tutorial...
  • April 10, 2018
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Shubham Bauskar

Hi Sir,

My father income is above 6 lakh and also have income from rent so if i show it in income from other sources then 20% tax i have to pay on rent is there any difference in tax i have to pay on rent if i file itr 2..??
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Amlan Dutta
Changing returns don't change tax computation .....income from rents falls under house property and without much idea on what income head is contributing to his six lakh income , it is tough for me to advise further

Select return based on the income heads and it shall compute exact taxes that you sha...
  • April 10, 2018
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Shubham Bauskar
six lakh is from salary and thank you
  • April 10, 2018
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Raj Kumar Tewari

Hello Amlan,

we can submit ITR of a deceased person via legal hier option. can we repeat this processes again for the next financial year, if deceased person remain income for next coming up financial years. like FDs or mutual funds for more then one financial year. if not, then how can we refund TDS...
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Amlan Dutta
It is advised to break all FD's , Mutual funds and transfer funds to nominee name ...on the year the assessee expires, it is required that the legal heir files the deceased final return of income and once return filed , submit the PAN to the jurisdictional assessing officer so that no further notic...
  • April 10, 2018
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Anil rudra

INCOME TAX...
I have income from agriculture with rupees 2.30 lakhs and also I have a income from my own potato business with rupees 2.7 lakhs approx. Which itr should I fill.
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Amlan Dutta
You can fill ITR 3 showing business and salary income. In case you decide to show business income on presumptive basis , then you are required to file ITR 4 .. accordingly you may decide... you may see my tutorials on how to file return for salary and business income on normal /presumptive basis.
  • April 12, 2018
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M.S.Banerjee

INCOME TAX...
If someone earns interest income less than Rs.250000.00 is he/she liable to submit IT Return
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Amlan Dutta
Well it depends really, if the bank has deducted TDS on the interest income , then the assesse won't get a refund until he /she files a refund return
  • April 10, 2018
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Mahesh Raktate

INCOME TAX...
I have fill ITR ( tax return ) on 4th October but not e verified this ITR but now this acknowledgement is show invalid, what action do i have to take?
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Amlan Dutta
Try checking if the return permits yo to apply for condonation and still e verify at this stage .....it is permitting a few people ......you can email me your login credentials at amlandutta007@gmail.com so that i can check and let you know if system permits for you
  • April 10, 2018
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SRINIVASA NAIDU

Selection of Return...
Sir I run small business, my business income is approx 2.7 lakhs, and also I have income from agriculture with rupees 2.4 lakhs. I am resident of india,my age is 35, so which itr form should I fill. Please suggest me
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Amlan Dutta
Scope of Taxable income for resident individual = Business, agriculture( exempt) .

Every year , the returns for individuals have started to vary in terms of income heads that it contains
In case you decide to show business income on presumptive basis use ITR 4 else use ITR 3 ( Return for AY 2018 ...
  • Yesterday, 9:14 am
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