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kunal thakare

Category : Income t..,
Solved
May 25, 2018 2:10 am
  • Income tax
Sir, My father's total income is 100% AGRICULTUR income. It is Approximate 12-18 Lakh. Fluctuates every year.
Can my father file ITR? If yes, then, Is it Taxable or exempt Income ( Nil return) ?
I want this ITR for my MS study abroad but father avoiding to file ITR. pls help !
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Amlan Dutta
You can show it in exempt income using income tax return ... it shall attract no tax ... such a return is called nil return
  • May 25, 2018
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sravan

Category : ITR 2..,
Solved
May 24, 2018 11:49 pm
  • ITR 2
Hi Amlan,
Can you please answer my below mentioned queries regarding non-resident tax payer
1. As a non-resident individual tax status and no other income source in India, is it required to show the income of NRE saving account and NRE FD’s under exempt income while filing ITR or not..? My question...
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Amlan Dutta
1.) You can declare them in exempt income ...it is not required , it wont cause any problem in future as per my opinion ( you can take a second opinion ) ...
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  • May 30, 2018
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prachursaxena

Category : TDS..,
Solved
May 24, 2018 2:50 pm
  • TDS
Hi Amlan,

I was going through your videos , they are really helpful.

I do have a small query regarding 10% TDS that has been deducted when I withdraw my PF from EPFO account.So I got the remaining amount in the bank account i.e Final Amount - TDS(10%).

But Since I'm not working for more than an year no...
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Amlan Dutta
If EPFO has deducted TDS against PAN , it should appear in your tax credit statement i.e 26 as...Download your tax credit statement online and you will be able to see all details of deduction for being able to seek credit ( TAN details and everything )....if the transaction happened in May 2018 , i...
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  • May 24, 2018
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SNEH

Category : Differen..,
Solved
May 23, 2018 9:05 pm
  • Difference in salary income in return and 26 as
Dear Amlan,

Thanks for the reply. Not able to locate the e assessment option. Also, getting different options than the options mentioned in your reply.
Kindly help.
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Amlan Dutta
HOW TO RESPOND TO TAX NOTICE FOR DIFFERENCE IN SALARY INCOME IN FILED RETURN AND APPEARING IN 26 AS | E Proceedings

Project - #makeknowledgefree

You have received a tax notice stating that there is a difference in salary income of that filed in return and that appearing in 26 as

Basically, the 26 as u...
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HOW TO RESPOND TO TAX NOTICE FOR DIFFERENCE IN SALARY INCOME IN FILED RETURN AND APPEARING IN 26 AS | E Proceedings<br /><br />Project - #makeknowledgefree <br /><br />You have received a tax notice stating that there is a difference in salary income of that filed in return and that appearing in 26 as<br /><br />Basically, the 26 as under income credited for the assessee shows the gross salary which is not totally subject to tax on account of permissible salary exemptions and deductions available<br /><br />This has to be however filled under E- proceedings !<br />You must opt yes for eproceedings and then click on submit to open up the notice displaying the difference !<br />In this case since the difference is on account of permissible deductions and exemptions available to salary class , you shall disagree to the demand and proceed <br /><br />This opens up a table where you are required to explain the difference between gross receipts appearing in 26 as and that offered in tax return (from form 16 )...<br /><br /><br />The table has relevant heads for claiming eligible exemptions and deductions ...You have to select the fields that apply in his case to explain the difference!<br /><br />In this case, the gross salary enjoys conveyance exemption u/s 10(14 ) for 19200 Rs ,<br /> medical reimbursement u/s 17(2) (b) for Rs 10838 ,<br /> Sodexo food coupons u/s 17(2)(viii) for Rs 26000 and<br /> tax on employment for Rs 2400 Rs as eligible deduction under section 16.<br /><br />How do we use the fields?<br />Clearly, for section 10 exemptions pertaining to salary , we can use the option of receipts not taxable because the gross receipts are not totally taxable on account of section 10 conveyance allowance exemption made available under section 10 (14)<br /><br />So, we use the receipts not taxable option for section 10 exemptions . It can therefore be used to show conveyance exemption of 19200 Rs U/s 10(14)<br /><br />Rest, permissible salary deductions can be shown under other head to explain the portion of gross receipts pertaining to medical reimbursement , food coupons and eligible deduction of tax on employment which are not taxable<br />(Check attached picture)<br /><br />You can then proceed to submit the proceeding clarification! <br /><br />That's all there is to it!<br /><br />Here is a video solution that explains how to respond to notice to explain difference in salary income appearing in 26 as and that filled in tax return! <br />Youtube Video - https://www.youtube.com/watch?v=hewBpQ_5eRA
YouTube
  • May 30, 2018
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