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cherry

Category : Transpor..,
Solved
August 27, 2018 9:16 pm
  • Transport allowance u/s 10(14)(ii)
Form 16 given by my employer has special allowance. Can i deduct transport allowance while filing my return if not separately mentioned in Form 16
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Amlan Dutta
No , you cannot ...however if special allowance means transport( get it confirmed from employer , then you can ....one cannot mix up allowances much like how one cannot mix up income heads or anything for that matter
  • August 28, 2018
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Ramarao

Category : Taxabili..,
Solved
August 27, 2018 9:16 pm
  • Taxability of Family pension( U/s 57)
My mother is getting Family Pension from two govt Sources
1) From Armed Forces Family Pension
2)From Railways family pension

My questions are
1) Is Armed Forces Family Pension exempted from Tax
2) If not then Rs 15,000 exemption is to be taken for both Family Pension ( Armed Forces & Railways ) totalling...
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Amlan Dutta
1.) Exempt only if the personnel serving in the armed force deceased during the course of duty else it is taxable as per provisions

Basically, Section 10(19) of the Income Tax Act provides that amount of pension received by the family members of armed forces personnel including Para-,military perso...
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  • August 28, 2018
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Kishor Bhoi

Category : Property..,
Solved
August 27, 2018 1:54 pm
  • Property TDS( U/s 194 IA)
Hi Amlan, I have purchased under construction property which is above 50lac. I have paid TDS through form26qb for initial few demands, which was not exact 1% of the demand. So I have paid some excess amount which is showing in FORM26 Part A2. I had contacted Income Tax Dept, they informed me this ex...
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Amlan Dutta
The TDS is the to credit of the seller( deductor) and not yourself deductee...say on 100 rs you were supposed to deduct 1 rs and now you have deducted 2 rs , what it means is that the seller has now 2 rs to his TDS credit ...if sellers liability is 1 rs based on his income liability , he can seek re...
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  • August 29, 2018
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rupali

Category : INCOME S..,
Unsolved
August 27, 2018 3:54 am
  • INCOME SCHEDULE - CAPITAL GAINS
where to show Capital Gains from sale of jwellery in ITR 3 ? i meant in which exact column.
because under the head Capital gain there are specific columns for CG from land building , shares etc but couldn't find the option for jwellery.
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