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Hema Latha

Category : TDS Cred..,
Solved
July 6, 2018 1:12 am
  • TDS Credit
Sir, one company is paying to its vendors by deducting tds. In vendor Form 26as, status is showing as over booked. It is not for a single vendor for all vendors of a particular quarter. How to rectify it? Whether company has to do anything or vendors can rectify it while filing their returns.?

Thanks...
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Amlan Dutta
Basically , the deductor is required to match challan against booking of credit ...if not, it is required to clear demands under tds against overbooked challans ...say challan was for 50 rs , overbooked means the company has booked more credit than that .........The company needs to revise E-TDS r...
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  • July 6, 2018
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Jibin Joseph

Category : Arrear R..,
Solved
July 5, 2018 8:36 pm
  • Arrear Relief under section 89
Hi Amlan,

I Just saw your tutorial of how to file 10 E online and my question is related to the same. I had 2 employers for the AY 2018-19, my association with my past employer was ended on 14 Apr 17 and i received my Full and final settlement in May 17 majorly for services rendered from Feb - 14 Apr...
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Amlan Dutta
That is not arrears and plain salary of the first employer ...i don't think form 10 E applies in your case at all ....you will simply put both salaries and offer for taxation ...when you add salary of earlier employer , you are not adding arrears rather you are simply adding salary .....whatever tax...
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  • July 6, 2018
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M S Banerjee

Category : E verify..,
Solved
July 5, 2018 6:40 pm
  • E verify using Netbanking
'E' verification through BANK a/C
How it has to be done?Please elaborate.
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Amlan Dutta
This year i see see they have removed under e-verification direct option of e-verifying through bank but there is a way to do it ...once filing completed , log out and then log into the tax website using netbanking ...now when you go to e verify returns , it will automatically verify your return th...
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  • July 6, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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Mrutyunjay

Category : Interest..,
Solved
July 5, 2018 4:31 pm
  • Interest TDS (U/s 194 A) (10%)
Q1.Whether the interest amount Rs 9849/- is considered only for FD interest or it is comprised of Saving account interest and FD interest? And whether this amount i.e. Rs 9849/- is taken after exemption of Rs. 10000/- under the interest income?

Q2. For financial year 2017-18 in bank statement und...
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Amlan Dutta
1.) This is FD interest. . You wont get any deduction benefit of 80 TTA on such interest income
No credit figures in tax credit statement are inclusive of deductions
So, get that thing out of mind that the interest income figures in 26 as are inclusive of 80 TTA deduction etc i.e they are pure inc...
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  • July 5, 2018
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