It return ay 2016-17

AGREE WITH ACA

THERE IS NO PENALTY FOR ITR REVISE ,

BUT OFTEN IT DEPT. TRANSFER  CASE TO LOCAL A.O. AND CALL  FOR SCRUTNY

TAKE CARE !

GOOD LUCK

dear ACA/ TANUSH

while thanking for reply, is it necessary that i should revise my return as it is already processed  and also my LTCG is not taxable after indexing.  kindly advise whether should i have to revise?? thanks in advance..

G V RAO

DEAR RAO

GENUINE DOCUMENTS MEANS YOU  SHOULD HAVE 

ALL DOCUMENTS OF YOUR  SOURICES OF INCOME ,

GENUINE BILL OF EXPENSES,

RECEIPT OF  DUDUCTION AND EXEMPTION

AND LIKE OTHER NECCASSERY DOCUMENT  RELATIVE  ITR

GOOD LUCK !

PLZ  IF HELPFUL MY VIEW 

DEAR TANUSH,

IF I DO'NT DO ANY THING SHOULD IT BE OK??  

RAO SIR

IF YOU GET LTCG PAYMENT BY CASH , THERE IS OPTION  YOU DO OR DO NOT ANY THING 

BUT IF YOU GET LTCG  PAYMENT BY BANK , THAN YOU SHOULD DO ALSO 

THANK 

dear Tanush,

payment received through bank but less than 50 lakhs...if I get  tax return audited and then file,  should it be ok as i do not want to get call for scrutiny.sorry for bothering you.regards

G V RAO

OK 

BUT WHAN YOU HAVE FILE ITR HOW  YOU TALLY BANK BALANCE 31 MARCH WITH YOU ITR 

LTCG MAY BE EXEPMTED UNDER SECTION 54 IF YOU INVERST AS CONDITION AS SECTION 54 

OK 

BUT WHAN YOU HAVE FILE ITR HOW  YOU TALLY BANK BALANCE 31 MARCH WITH YOU ITR 

LTCG MAY BE EXEPMTED UNDER SECTION 54 IF YOU INVERST AS CONDITION AS SECTION 54