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hanif

Category : TDS Cred..,
Solved
August 1, 2018 5:36 pm
  • TDS Credit
Dear amlan, a friend's wife tds for ay 2019-20 was deducted from april 18 to june 18 and it is reflecting in 26AS.(for FD).my friend did not remember to provide the bank with 15g from and therefore the tds was deducted.now the bank says to submit 15g to avoid tds deductions for the upcoming quarters...
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Amlan Dutta
Why should she not file return for AY 2019 20...it is better to file return and claim refund of already deducted TDS ( assuming that the income is below threshold level)...in such cases where more TDS is deducted than the tax liability assessee is expected to file return and claim TDS refund .....
  • August 1, 2018
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Hemen

Category : 80D - He..,
Solved
August 1, 2018 3:50 pm
  • 80D - Health Insurance premium
Dear Amlan
Recently I have noticed that in ITR-1 , u/s 80 D is divided into 3 parts out of which premium and preventive health checkup part I know about it. But I have no idea about medical expenditure part. Means condition, limit etc. would you please give a little bit knowledge about it. thanking y...
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Amlan Dutta
That is in addition to medical insurance and limit is 5000 rs for expenses towards preventive medical checkup
  • August 1, 2018
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Ramesh Kumar

Category : ITR 2..,
Unsolved
August 1, 2018 7:19 am
  • ITR 2
Hi Amlan,
I have vested share of Amazon in USA and I work in Amazon India. My share are managed by Morgan Stanley. I want to know, how can I declare my share (say 10 Lacs) in Schedule -FA of ITR-2?
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Ramesh Kumar

Category : ITR 2..,
Solved
August 1, 2018 7:18 am
  • ITR 2
How do I mention following thing in ITR-2 of excel utility?
1. Exempt Income of interest for saving account below 1000
2. Dividend of Rs 5000
3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012
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Amlan Dutta
1. Exempt Income of interest for saving account below 1000
It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under
80 TTA for lower of 10000 rs or saving interest

2. Dividend of Rs 5000
In exempt income schedule

3. Rs 9963 of interes...
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1. Exempt Income of interest for saving account below 1000<br />It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under <br />80 TTA for lower of 10000 rs or saving interest<br /><br />2. Dividend of Rs 5000<br />In exempt income schedule<br /><br />3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012<br />This refers to FD interest income - again totally taxable without any deduction benefit <br />So you will put in income from other sources 1000 + 9963 = 10963 Rs
1. Exempt Income of interest for saving account below 1000<br />It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under <br />80 TTA for lower of 10000 rs or saving interest<br /><br />2. Dividend of Rs 5000<br />In exempt income schedule<br /><br />3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012<br />This refers to FD interest income - again totally taxable without any deduction benefit <br />So you will put in income from other sources 1000 + 9963 = 10963 Rs +2
  • August 1, 2018
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