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Arun Mishra

Category : Clarific..,
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June 27, 2018 7:41 pm
  • Clarification over income head
I have pension from a PSB and interest on FDRs & SB a/cs. I have three questions as under:

(1) During FY 2017-18, I received one time honorarium for being an examiner to evaluate the answer books of an examination conducted by an accounting institution. On this honorarium, TDS is deducted u/s 194J....
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Amlan Dutta
1.)The income received by evaluating the answer books of an examination can either be treated as Income from Other Sources or professional income ...In this case better to treat as income from other sources and file ITR 1
If it is treated as Income from Other Sources - you can simply file ITR 1
If i...
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1.)The income received by evaluating the answer books of an examination can either be treated as Income from Other Sources or professional income ...In this case better to treat as income from other sources and file ITR 1 <br />If it is treated as Income from Other Sources - you can simply file ITR 1<br />If it is treated as Income from profession - you would be required to file ITR 3 <br /> <br />2.) Yes you can do it, check attached picture for the same on where you need to show it in ITR <br /> <br />3.) If you are using the quickfiling utility online, it gets filled automatically , but sometimes , it doesn't prefill correctly ...you may edit to fill correct figures .....
  • June 27, 2018
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Jagruti Patil

Category : ITR 1..,
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June 27, 2018 3:43 pm
  • ITR 1
Hi Sir,
While ITR filling we need to declare all account information.
Can I need to declare only saving account or we need to declare PPF and Loan account also ?
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Amlan Dutta
No need of PPF and loan account , just all savings accounts shall do! Just ensure that you have declared all the interest income from such account sunder other sources ( benefit under 80 TTA available for such interest income for lesser of 10,000 rs or saving interest)
No need of PPF and loan account , just all savings accounts shall do! Just ensure that you have declared all the interest income from such account sunder other sources ( benefit under 80 TTA available for such interest income for lesser of 10,000 rs or saving interest)
  • June 27, 2018
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Amlan Dutta
Please be careful to select question category properly to avoid your entry getting deleted from my website
Until you select category properly, i will also not be answering any further questions
  • July 8, 2018
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Zoya

Category : Revised ..,
Solved
June 27, 2018 1:41 pm
  • Revised Return U/s 139(5)
Hello sir!! While filling my itr i filled my dividend income which is just around rs. 1000 in dividend column of income from other sources not in exempt income tho my net taxable even after including it that is below exemption limit would u recommend me to revise my return of such thing can b...
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Amlan Dutta
i would not recommend but think about it, what do you have to lose ...it will take you two minutes and tomorrow the very fact that you could even spot something so minor and revise it will just enhance your own skills of understanding things to a much better extent ...personally, if i were you , i w...
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  • June 27, 2018
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Amlan Dutta
Please be careful to select question category properly to avoid your entry getting deleted from my website
Until you select category properly, i will also not be answering any further questions
  • July 8, 2018
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suresh

Category : Exempt U..,
Solved
June 27, 2018 11:55 am
  • Exempt ULIP maturity U/s 10(10 D)
I took LIC Wealth plus T.No 801 (ULIP based) 1,92,000 - single premium paid on march 2010 Sum assured 250000 I have other policies that cover RS 1,00,000 for the year 2009-2010 under section 80C
I didn't claim Rs 1,92,000 under 80C in 2009-2010. It is a tax paid amount.
I got Rs 255000 on august 201...
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Amlan Dutta
The entire amount paid /credited under this policy ( not just gains ) plus any benefit (if taken under 80 c) has to be offered for income ...in your case, no benefit was taken for 80 c ...so simply offer amount received under income from other sources ...other policies etc are insignificant to the U...
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  • June 27, 2018
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