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Samir Mehta

Category : Income t..,
Solved
July 19, 2019 5:12 pm
  • Income tax
Hi Amlan, first I would like share my views on information being shared by you on Youtube, it has immensely helped me to get relevant step by step information at zero cost, thank you for it.

I have few queries mentioned below;
1.For FY 2018-19 which ITR form to file for income under salary and busines...
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Amlan Dutta
1.) ITR 1 (Scope of taxable income is just for salary and hence ITR 1 is sufficient ) 2.) ITR 2 (Since ITR 1 is not for NRI ) 3.) Medical expenditure benefit is available under 80 D ... knee replacement surgery will not qualify for 80 DD , 80 DDB
  • July 19, 2019
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Ashutosh Kumar

Category : Taxabili..,
Solved
July 19, 2019 1:57 pm
  • Taxability of Family pension( U/s 57)
My mother is a house wife and after death of my father,my mother received family pension of about 230000 annually.sir,how to fill itr regarding family pension there is 2 section first pension section second second income from other source, whether I should fill pension section or fill income from ot...
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Amlan Dutta
Pension received by wife for husband who has passed away is not wife's pension. Since she is receiving pension for her deceased husband , in her hands the income is to be treated as income from other sources and is referred as family pension ...

Therefore, since income head for wife is now no longer ...
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Pension received by wife for husband who has passed away is not wife's pension. Since she is receiving pension for her deceased husband , in her hands the income is to be treated as income from other sources and is referred as family pension ...<br /><br />Therefore, since income head for wife is now no longer pension, so question of standard deduction against pension doesn't apply. However 1/3rd of family pension or 15,000 Rs whichever is less is available as deduction benefit against family pension
  • July 19, 2019
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Avin Rai

Category : Hostel E..,
Solved
July 19, 2019 12:10 am
  • Hostel Expenditure Allowance U/s 10(14)
Hi sir!
My child is staying in the hostel and the yearly fee for the hostel is Rs-57000/-. Can i show this while filing ITR in House Rent expanses?
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Amlan Dutta
Obviously no, but under section 10(14)(ii), if you receive any hostel expenditure salary allowance for your children from employer, it is eligible for exemption up to Rs. 300 per month or Rs. 3600 per annum for maximum up to 2 children.

Say, for example you receive 10,000 Rs for hostel expenditure ...
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  • July 19, 2019
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Arun Kurrey

Category : Gratuity..,
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July 18, 2019 9:45 pm
  • Gratuity on retirement
Dear Amlan Sir,
My father retired on April 2018. In his form-16 only april month Salary is described, there are no details of pension, Gratuity, leave encashment etc. there are many changes in ITR-1 in A.Y. 2019-20. There are no option for Gratuity on retirement and leave eacashment etc in excempt in...
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Amlan Dutta
Totally wrong , there is very well salary exempt allowance fields for denoting exempt gratuity and exempt leave encashment on retirement ...if assessee has been in receipt of exempt income arising from gratuity and leave encashment , it is compulsory to denote it here ....i am attaching the screensh...
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Totally wrong , there is very well salary exempt allowance fields for denoting exempt gratuity and exempt leave encashment on retirement ...if assessee has been in receipt of exempt income arising from gratuity and leave encashment , it is compulsory to denote it here ....i am attaching the screenshot for your reference.........
  • July 19, 2019
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