@Jason_Castelino @Quicko can you confirm this ?
Not mandatory. But highly recommended to file returns.
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Hi @Private
It is mandatory to file a return in order to carry forward the losses, irrespective of your income.
Hence, it is always advisable to file a return.
Why don’t u allow cams and kfintech mutual funds .
It’s really tough to enter 100s of Mutual funds sales manually even in Excel.
At least allow to put Excel from cams .
We are actively working on partnering with tech-enabled investment platforms. We have taken your suggestion into consideration.
Where do I declare PPF interest income on @Quicko ?
It’s under other interest in AIS and is getting picked as taxable interest on quicko ig.
Hi @abcd5662
PPF interest income is an exempt income. So, you can report the same under Incomes > IFOS > Exempt Income on Quicko.
Here’s how you can Add Income from Other Sources : Help Center
In the AIS, it could be some other interest income that is taxable. So, you must verify the same.
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You don’t need to patner.
I will download Excel type file of capital gains from cams and kfin tech. Just create an technology to read this mutual fund Excel. Simple technology. Clear tax has one.
I’m waiting for this from 3 year’s.
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How do I check the status of my revised ITR filing @Quicko ?
The dashboard and the status check tool show my ITR as processed (original one). Even under the View Filed Returns section, the status is all green for the revised return as if there’s no further processing left.
PS – expecting a refund after the revised ITR, and asking just to be sure that I have re-filed it correctly.
Hello @abcd5662,
From the snapshots that you have attached it seems that your original return has been processed but the revised return has not undergone processing yet. When the processing starts, the status will change to under-processing and then processed under the E-file tab> View Filed Returns.
Hope this helps!
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How much money we can borrow from family or friends and trade for them to give them a percentage of the profit annually and rest keeping it with us. Is there an amount limit for doing this without registering this as a company like below 25 lakhs or something like that ? Or is it illegal to do this as per SEBI regulations ?
who has to file schedule AL ? Do we have to consider income from partnership firm in total income ?
Hey,
If your total income exceeds ₹50 lakh, it is mandatory to disclose the details of movable and immovable assets in Schedule AL along with liabilities incurred in relation to such assets. Yes, income received from the partnership firm will also be added to the total income.
@Quicko let’s assume i have taken a stock delivery via future long (didn’t square off and got the shares) how that income will be taxed?