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JITENDRA

Category : Income t..,
Solved
June 7, 2017 6:08 pm
  • Income tax
How to calculate total earning income?
For example, A labor charged 50,000 for his service to house owner. House owner paid to his labor amount of 45,000 after 5000 deducting tax. House owner deposited 5000 to Income Tax under labor's PAN account. Now when labor wants to prepare IT return, whether he...
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Amlan Dutta
Labor will show 50,000 Rs as income from profession and compute taxes ...say this is his only income , then the tax liability will be zero ( since taxable income below threshold level)....now he will take credit of deducted tax of 5000 Rs in the return ....this will be refunded to him ...in case , ...
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  • April 17, 2018
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KARMVEER SINGH

Category : Income t..,
Solved
June 4, 2017 3:31 pm
  • Income tax
Which tax return form is needed to be filled for income from Long term capital gains( on sale of equity oriented mutual fund)and salary income.....
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Amlan Dutta
Well LTCG on sale of equity mutual funds is exempt at present until 1 lakh rupees. Anything over it is charged at 10% ...you can show it in Capital gain schedule of ITR 2 and salary in the salary schedule of ITR 2 ....

So, ITR 2 shall be the return that you can select.
  • April 17, 2018
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nishigandh kamble

Category : Request..,
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May 31, 2017 7:03 pm
  • Request
Hello sir,
I have seen your 6 hrs.mother of all ITR video.Can I get the excel workshop files which you have used for understanding the concepts.kindly please reply.
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Amlan Dutta
I don't have the excel files anymore with me anymore ...but if i ever retrieve it , i shall mail it to you!
  • April 17, 2018
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Shubham Gupta

Category : Income t..,
Solved
May 27, 2017 10:32 pm
  • Income tax
sir in this year itr there is a field in which we have to mentioned the cash deposits but in the brackets its is written "if aggregate cash deposits during the period >=2 lakh " so this means if our cash deposits is less than 2 lakh then we can leave this field blank ?
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Rohit
That is correct!
  • June 29, 2017
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Amlan Dutta
Yes, quiet obviously if you have deposited less than 2 lakhs during the 3 month period mentioned , then you can keep it blank
Yes, quiet obviously if you have deposited less than 2 lakhs during the 3 month period mentioned , then you can keep it blank
  • March 29, 2018
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