Categories
Normal Grid Pagination Scroll
mukesh gehlot

Category : Deductio..,
Solved
July 18, 2018 12:43 am
  • Deduction benefit for House property
Dear Amlan ,my father has an homeloan Overdraft account ,so how can we benifit of interest paid by us in income tax return 80c or section 24..please describe homeloan overdraft account tax benefit under section 80c /section 24
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
The bank /institute shall give a loan repayment statement for the financial year stating how much portion has been repayed towards loan in terms of interest and principal. You can claim interest deduction while computing income from house property as standard deduction u/s 24(b) and(ii) principal...
View More
  • July 18, 2018
  • LikeLike
  • Select as Answer
Sibin

Category : Clarific..,
Solved
July 17, 2018 11:42 pm
  • Clarification over income head
Dear Amlan sir, Hats off to you for making this website. I am new here. Could you please answer my below question.

I am salaried and comes under 20% slab. Company has given me form 16. But I have a small extra income from displaying ads in my android app(Admob/Adsense). It is Rs. 25000 for FY 2017-...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Well, since there is some confusion regarding using presumptive business sections for showing adsense income and lack of department guidelines over this , i will advise that you avoid using ITR 4 at present to show adsense income as presumptive business income ....Rather i will advise that since ...
View More
  • July 17, 2018
  • LikeLike
  • 2 people
  • Select as Answer
dinesh chand

Category : Arrear R..,
Solved
July 17, 2018 10:59 pm
  • Arrear Relief under section 89
Sir, one more question for you... Please resolve this..
10E form online करने के बाद 10E को ITR online करते समय दोनों को आपस में attach कैसे करना है ?
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You don't need to attach form 10 E ..infact , how can you attach something that is online ,...it is a online form which has to be filled and submitted online for claiming relief under section 89 in ITR 1 , that's it ...the assessing officer shall then only consider the submitted figures for sectio...
View More
  • July 17, 2018
  • LikeLike
  • Select as Answer
Jasabanta behera

Category : Tax bene..,
Solved
July 17, 2018 8:40 pm
  • Tax benefit for prepossession loan repayment
Hello Sir
I have 2nos of loan against same home from 2014/15. I never claimed return against the Intrest paid by me bcoz house was on construction
Now it is handed over to me so Plz let me know the process how to claim my last 3/4 yrs refund
Thank you
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Whatever preconstruction interest you paid, divide that in 5 parts i.e say your preconstruction interest repayment component was for all 4 years( 2014, 2015 , 2016 , 2017 was 6 lakhs ...so , 5 parts would be 6/5 =1.2 lakhs which you can claim over five years ...say, now you got possession in 2018 ...
View More
  • July 17, 2018
  • LikeLike
  • 1 person
  • Select as Answer