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Jalda Srinivas Rao

Category : How to c..,
Solved
October 9, 2018 10:33 pm
  • How to compute income from house property
Hi.. I own a property in Hyderabad and paid property tax. Now where i need to show the property tax. My parents stay there and I stay in other city in a rented flat. Please mention where i need to show the Rent paid and property tax.
Thanks
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Amlan Dutta
If it is being offered as self occupied , then there is no way to show this...if it is shown as let out property then the net annual value is derived at after subtracting from annual rent the property tax ...The ITR 2 in the income from house property schedule for let out property has the clear opti...
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  • October 9, 2018
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SASWAJEET ROUT

Category : TDS Cred..,
Solved
October 9, 2018 11:31 am
  • TDS Credit
Sir, In last FY while depositing TDS against purchase of a flat, i had wrongly deposited TDS amount twice. Excess amount is also showing in my Form 26AS (Part A2) for AY 2018-19. To claim the same, i had mentioned that amount as advance tax paid in my ITR with all details (like challan no., BSR no. ...
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Amlan Dutta
When you deduct TDS , you don't get tax credit , rather the deductee does ...say you have to pay deductor 100 Rs, so you pay him Rs 99 and deduct 1 Rs TDS , this 1 Rs TDS credit is available to the seller of the property ...if you deducted two times i.e did TDS for 2 Rs , then this 2 Rs TDS credit ...
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  • October 9, 2018
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Jayanthi MOHAN

Category : 80G - (E..,
Solved
October 9, 2018 11:21 am
  • 80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
Are donations to Swacch Bharat & clean Ganga by residents as well as nonresidents exempted 100% for tax
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Amlan Dutta
On account of recent amendment , starting AY 2015 16 onwards, any donation made towards Swacch Bharat Koch and clean Ganga fund is 100% deductible under section 80 G of the IT act ,,,make sure that the section 80 G( especially the TAN details of the donee ) is properly filled to avail this deducti...
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  • October 9, 2018
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Jayanthi MOHAN

Category : Rectific..,
Solved
October 9, 2018 11:06 am
  • Rectification - Taxpayer wanting to correct data
ITR 2 A Y 2018-19 -return processed.did not get refund due to wrong mentioning of TAN in TDS schedule.how to rectify.if revised xml is to be loaded what to mention in return filed under sec, column&return original or revised columns, only TAN TO BE CORRECTED
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Amlan Dutta
Just submit a simple rectification request for taxpayer correcting data.......you can check my video tab for video solutions
Just submit a simple rectification request for taxpayer correcting data.......you can check my video tab for video solutions
  • October 9, 2018
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Jayanthi MOHAN
it asks for uploading of xml file.rcetified xml.my query is what I have to note in return filed under sec column while filling itr 2 for rectification purpose
  • October 9, 2018
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