Here is Portfolio page of Anurag, with all his work

Income Tax Department sent a notice u/S 143 (2) to me asking -"Whether the investment and income relating to securities transactions are duly disclosed." for AY 2015-16. While filling ITR for AY 2016-17, I have wrongly selected AY as 2015-16 instead of 2016-2017. For AY 2015-16 my income under salary head of Rs 240000 /- and for AY 2016-17, my salary income is 470000/-.Due to this I have earlier got intimation under section 143(1) ,and have to pay 17000/- as tax for AY 2015-16 and again have to pay interest on income tax while filling ITR for AY 2016-17. I have complaint on this through online regarding this, they have told me to visit my Assessment officer for rectification. It is further submitted that I have trading business in stocks markets during AY 2015-16, but I suffered losses. Now, I have been served notice u/s 143(2) ,regarding income related to income from securities for FY 2015-16. What reply and evidence should be sent to IT department?
Jan. 05, 2018
How will you vouch and/or verify the following: (a) Consignment sales.
Feb. 20, 2018
What is the taxable event under GST ??
Dec. 21, 2017
Hey I am in the business of diary farming...I collect milk and sell it to Amul...Can i avail the benefit of Section 44AD??

Also, If i do not avail the benefit of Section 44AD but wants to claim profits lower than 8%, what shall I do?? Also, i am currently buying fodder at Rs 5 per kg. In case i grow own fodder, cost of production will be around 2 per kg...Can i avail market price as deduction in case i grow fodder on my own??

Jan. 05, 2018
Which thumb rule of construction is applicable when there is conflict between two or more provisions of the Act??
Dec. 13, 2017
How many minimum persons are required to form a public limited company?
Dec. 13, 2017
Hey...I run a confectionery shop. Till date i dont use to pay any income tax...But now I am thinking to start a restaurant simultaneously...How will my income tax liability arise now??
Jan. 05, 2018
My dad expired one year before due to illness , I got a notice from income tax dept stating that my dad didn't file income tax returns from past 1 year. Now what should I do ? Further...My mom will be getting gratuity and PF around 20 Lacs and we deposited same to company to get basic DA till my dads retirement. So my mom will be getting basic DA around 50000 per month till retirement so should my mom also pay income tax ?
Jan. 05, 2018
I was an employee of company. I left the job after the completion of 4 years of service but I did not withdraw/transfer PF account. After two years later, I withdrew PF. When filing return, I saw 10% TDS deducted from other income. If pf withdrawal is part of total income, my tax shall be in higher tax bracket. Please advise what can I do in this case.
Jan. 24, 2018
Hey...My friend did not have access to internet banking. He wanted to purchase a bike..So he deposited cash in my account and then i made the NEFT to Eicher Motors(Bullet bike)...What will the tax implications?? Amount of money deposited in my account is Rs 2,02,000

Jan. 05, 2018

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