My mom (non tax compliant) is now asked to file returns.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2017
My Mom who is a house wife and non tax compliant is now asked to file IT returns for FY 2014-15 for following
1. a deposit of amount exceeding Rs2lakhs
Explanation: Amount received out of redemption of mutual fund schemes (saved out of my father's salary through SIP mode in various mutual funds over a long period) - this is also withdrawn immediately within 15days for performing a house repairs).
2. The amount of STT paid for purchase of equity share -
Explanation: She used to purchase even shares in small volumes out of balance house hold money.
3. The amount of STT paid for sale of equity share -
Explanation: She used to time the shares and sell to make either profit or stop loss.
Kindly offer your expertise views on above how to file returns for 2014-15?
1. a deposit of amount exceeding Rs2lakhs
Explanation: Amount received out of redemption of mutual fund schemes (saved out of my father's salary through SIP mode in various mutual funds over a long period) - this is also withdrawn immediately within 15days for performing a house repairs).
2. The amount of STT paid for purchase of equity share -
Explanation: She used to purchase even shares in small volumes out of balance house hold money.
3. The amount of STT paid for sale of equity share -
Explanation: She used to time the shares and sell to make either profit or stop loss.
Kindly offer your expertise views on above how to file returns for 2014-15?
22 August 2017
you can file the return stating the above facts. There is nothing wrong in the explanation given by you as above.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
