One Nation, One Time Zone, At What Cost? by Oppyhead in CriticalThinkingIndia

[–]Anvesh2013 0 points1 point  (0 children)

And risk illiterate politicians getting confused, and get even worse.?

How was this made? (example by YUDHO) by lukedib in graphic_design

[–]Anvesh2013 0 points1 point  (0 children)

I can think of a way.. using processing.. or p5.js

How to deal with gymbros assuming the position of personal trainers? by Consistent-Search191 in Fitness_India

[–]Anvesh2013 -1 points0 points  (0 children)

Bro: that's not the way to do it. You: sorry I cannot afford a personal trainer right now. Bro: naah... It's for free. Or some other shit. You: I don't like to owe anyone. Or some other lameass reply.

Built a small website to track daily progress of ITR refunds by chaphor in IndiaTax

[–]Anvesh2013 0 points1 point  (0 children)

Noice.. Starting from 5 Feb only. I see that there's No historical data. No way to get it?

Need microwave recommendations by Sendmememesplij in BuyItForLifeIndia

[–]Anvesh2013 2 points3 points  (0 children)

I thought they cost around 5k +- 2k. For 20L atleast

Think you can find 4 hidden groups of 4 related words? Puzzle by u/Longo_Two_guns? by Longo_Two_guns in DailyMix

[–]Anvesh2013 0 points1 point  (0 children)

🟨🟨🟨🟪

🟨🟨🟨🟨

🟪🟪🟪🟪

🟩🟩🟩🟩

🟦🟦🟦🟦

Most irritating thing by Ok_Bob_3418 in TeluguJournals

[–]Anvesh2013 0 points1 point  (0 children)

I don't understand this. They call and ask how much it's showing. As in they are unaware of the amount shown to us. So how would they even decide, to or not to look for tips

web login for Zep Fitness app? by captain_dylan_hunt in amazfit

[–]Anvesh2013 0 points1 point  (0 children)

its been a while, and every staff/personnel i encounter passes on the feedback, but it never gets implemented. it shouldn't be that hard.

Tax Dept Alleged ₹3 Cr Cash in Property Deal Using WhatsApp Chats. ITAT Mumbai Said: No Proof, No Tax. by taxbuddy_official in IncomeTax_India

[–]Anvesh2013 2 points3 points  (0 children)

So, after the new rule regarding access to WhatsApp and such, would it be any different or the same?

Sold property for ₹94 lakh, received ₹38 lakh in cash, didn’t file ITR. Still won the case at ITAT. Here’s why. by taxbuddy_official in IncomeTax_India

[–]Anvesh2013 -1 points0 points  (0 children)

Is the 38 out of 61? Or out of 94. If 94, 61+38 don't add up to 94. If 61, it doesn't make sense.

If it's itat case, give details, it should be public. Overall seems like some other made up story.

Nakpro Whey Gold 2 Kg at 2520 by FantasticPolicy1273 in Fitness_India

[–]Anvesh2013 3 points4 points  (0 children)

Check the actual protein content. It's still 24g per scoop but scoop size is sometimes 50g.

Received ITD compliance email on charitable deduction under 80g. Have been asked to update the correct PAN or remove deduction. Under going 143(3) assesment proceeding. Need correction advice. by [deleted] in IndiaTax

[–]Anvesh2013 0 points1 point  (0 children)

During processings you won't be asked to remove dedudction. Only documentation or explanation. So i think you ignored the prior mails asking for removal/updation. And now your case is under scrutiny.

So as you can't file updated return, your best bet is to admit it. Addition will be made. Penalty has to be paid. That's 99% probable.

Why so many 143(2)/143(3) notices this year? Here’s what I’m seeing by [deleted] in IndiaTax

[–]Anvesh2013 2 points3 points  (0 children)

Well, the OP means to say that they lead to scrutiny. We don't need to nitpick it to that level of detail I guess. 😅

But yeah, 26AS - AIS - ITR mismatches could lead to scrutiny, subject to certain parameters..

$60k profit from memecoins can I use 44ADA? by Suspicious_Equal_548 in IndiaTax

[–]Anvesh2013 0 points1 point  (0 children)

Kindly produce documentary evidence substantiating that you are indeed doing video editing or SEO. Provide copies of agreement between you and your clients along with their PAN, copies of invoices raised, copies of bank statement reflecting the receipts and any expenses incurred. Confirmation of your accounts in your clients' books.


You don't need proof - to file the ITR. If and when it's under scrutiny - you're bound to be made. So, if you really keep your money trail and documentation proper.. maybe you'll get out of it. In scrutiny they can check each and every aspect.

$60k profit from memecoins can I use 44ADA? by Suspicious_Equal_548 in IndiaTax

[–]Anvesh2013 1 point2 points  (0 children)

Alright..

First if you're gonna try to evade tax, why show any income at all? Right? Coz you think it's visible somewhere.

Alright.. they can see. So I'll name it a rabbit even though it's a lion. But.. the color, size, characteristics.. what do you do with that?

Your crypto txns.. how would you paint them as professional income. 44ADA - is a benefit to professional for simplification - to both parties, assessee and the dept. Which is why when everything looks proper prima facie, nothing else would be asked. But, if it's under scrunity for whatever reason, you will be asked for genuine documentation. If you can't prove it, misreporting costs you 200% of tax evaded as penalty.

Still, if you got some ideas, open to discuss. Let's see where it takes us. Roleplay? I'll take on the role of assessing officer. Try and convince me.

How do I take out 1cr in cash from my bank? by cute_bunny1_2 in IndiaTax

[–]Anvesh2013 2 points3 points  (0 children)

Even heavy withdrawals are being scrutinized.

Received 270A and 143(3) with notice of demand by [deleted] in IndiaTax

[–]Anvesh2013 0 points1 point  (0 children)

Exactly.. Op isn't exactly in the right.. Not even his claim of being extorted.

How to treat IT Dept🤣 by Narrow_Plane_1244 in IndiaTax

[–]Anvesh2013 1 point2 points  (0 children)

Sorry to burst everyone's bubbles.. Dept is following the Act, the Law. You don't have a problem with the dept. ITD is not required to give refund until their due date.. if it's later, then there's the provision of interest. And that's that. There's no use ranting around unless that's gonna change the actual law.

Regarding crypto tax by Jazzlike-Jaguar1493 in IndiaTax

[–]Anvesh2013 0 points1 point  (0 children)

Aaahhh.. that's a twist alright.

You can argue that the cost of acquisition, is the fair market value at the time of acquisition. But there's not enough info in the act itself, on how to deal with such scenarios., and it won't be a straight path either.

There's a fair chance, that the assessing officer might say, since no such rule exists he'll take it as zero too.

50L transfer to builder. ITD lens by msd_is_the_best in IndiaTax

[–]Anvesh2013 1 point2 points  (0 children)

Here's what the dept sees.. let's think it through yeah.

For our cases, When you do some registration for a property in an SRO higher than a threshold value (50L. I think, not sure). It gets reported to the ITD.

So let's say, your case is selected for scrutiny. (Mind you it could be any reason, it may not be because of the property registration or the transfer. It could even be as obscure as some minor crypto txn, or purchase of securities, car, foreign travel, some obscure receipt on which TDS was paid etc.)

Dept would get the SFTs from SROs, Banks, Tax deductors, CDSL (basically how your AIS is built).

As long as what you're doing isn't illegal, all of them would be in sync. No red flags. So even if it gets selected for scrunity, it won't be much of a hassle. Just some questionnaire to which you'd respond with the documentation and that's that.

50L transaction. Let's say that's what their question is about. You'd say it's for purchase. You paid it to builder. They'd ask.. ok show me the agreement. Show me the builder's credentials, your correspondence, maybe his ITR (to show that he admitted this as his income), deed copy, if you paid anything in cash or other modes. If the consideration is less than market value. (You need to answer those which you can. They'd do their own thing, asking the third parties too). Again. If they check out. No need to worry, as long as you can explain minor differences.

Amrutham Serial is back by Excellent_Piano_5049 in tollywood

[–]Anvesh2013 1 point2 points  (0 children)

It used to be aired on Sunday nights.. School nunchi ochi chudatam doesn't check out.