Questions regarding income tax

Dear Sushant Vaidya,

1. no need to show the same transaction again in ITR.

2. if you have purchased TV for business than you will get benefit of depriciation u/s 32 and interest paid on loan u/s 37. BUT if you have purchased TV for your personal use then there is no benefit available to you, it is just drawing in lator case.

3. old bank record have to maintain for at least 8 year

Thanks Sir... So according to your answer, i dont need to file income tax return this year... am i right?

In my opinion, you had to file nil return.

As you had closed the CGSA account, so you had to intimate the same to ito while filing the nil return.

Thank You

ok but then may i know under which section?

THERE IS NO PARTICULAR SECTION AND ALSO THERE IS NO WRITE UP FOR SUCH PRACTICUAL PROBLEM IN TAX BOOKS 

THIS IS ALL THROUGH PRACTICAL EXPERIENCE

BUT ON THE SAFER SIDE FILE A TAX RETURN EVEN WITHOUT TAX LIABILITY

You can e-file return u/s 139 (Voluntary basis)

Please note, Nil Income paper return will not be accepted by the department. However, law doesn't prohibit Nil returns. So you can e file the nil return which will be accepted by the department.

Thanking You