Respected Sir,
Can i file income tax return Assessment Year 2016-17 and 2015-16 now.Can i file income tax return.I have Nil income in this period.But bank demanding for loan purpus.If any way kindly suggest i will very thankful to you.

Hi,

I received an email for proposed adjustment u/s 143(1)(a) with respect to the return of income filed for Assessment Year 2017-18. This was in relation to increase in taxable income.

I have accepted the proposed changes and received a confirmation and transaction ID on submission of response to adjustments u/s 143(1)(a).

Since, the email says "In case if you have opted to file revised return, please upload the revised return within 15 days". Therefore, I was wondering do I still need to file a revised return?

Wether Foreign Savings bank account Interest is eligible for deduction U/S 80TTA for residents

My client is a seafarer working in Merchant Navy. In FY 14-15 he was NRI. In FY 15-16 he stayed in India for more than 182 days. In that year of FY15-16 he received salary in NRE A/c of Rs. 20 lacs. He has not yet filed the return of FY15-16. Now my question is is he liable to pay tax on salary received in NRE? Beacuse if tax payable then he will hve to pay huge taxes.

A SCHOOL TEACHER RECEIVED PROFESSIONAL FEES CAN CLAIM INCOME UNDER SECTION 44ADA

Hi,

Please let me know how to e-file ITR for AY 2017-18, for an Individual whose Income chargeable to tax under the head salaries is more than Rs.50 lacs during the FY 2016 - 17.

Thanks

I'm an Individual tax payer, deriving income from Salary & interest from Bank Fixed Deposits.I'm not required to get my accounts audited & the last date of filing Return of Income A.y 2017-18 under Sec.139(1) is 31st.July,2017.A refund of RS.71,000 is due to me,as a consequence of Relief u/s 89(1).Will there be any benefit lost,if I file the Return around 10 th Aug.2017.R.Dayal(31/7)

sir
when late filing penalty for itr (rs. 5000/-)will be applicable?
that is from 31 july 2017 (from a. y. 2017-18)
or from 31 july 2018 (from a.y. 2018-19)?

thanking you.

AY 2017-18 me pichle kitane saal ka return file kar sakta hu. Or kitane saal ka refund aa jaega mera 2 year, ya 3 year. Mene mera return file 2012-2013 me kiya tha usake bad mene nahi kya me abhi jab 2016-17 or 17-18 ki return lagauga tab unka bich ke saal ka return file kar ke refund le sakta hu.

Long back in 2012, my father had sold one of our house inherited from my grandparents as an immovable property. The entire transaction was carried transparently and we had received cash in terms as bank deposits from the owners. My grandparents had 3 sons out of which my father is the youngest. Now 4 days back we got an letter subjecting to non filing of IT returns based on my father's pan card. Please advise what to do.