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DIPAYAN

Category : Exempt P..,
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June 23, 2018 3:01 pm
  • Exempt PF interest
will west bengal state govt employee show the interest amount of g.p.f (general provident fund) in The columns of "exempt Income (from reporting purpose) " or income from other sources or both ? their g.p.f interest rate is 7.5%. is This interest totally tax free? is it statutory or recognised or u...
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Amlan Dutta
The interest is surely exempt and has to be reported using reporting section for recognized provided fund under section 10(12)..check attached picture ...however i advise you to take a second opinion in this....
The interest is surely exempt and has to be reported using reporting section for recognized provided fund under section 10(12)..check attached picture ...however i advise you to take a second opinion in this....
  • June 23, 2018
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SANJEEV KUMAR SRIVASTAVA

Category : Tax bene..,
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June 23, 2018 1:07 pm
  • Tax benefit for prepossession loan repayment
My wife has booked a flat in NOIDA in December 2014. We have not get possession of the flat till now. It is expected in March, 2019.

She is not getting tax rebate since 2014 because the flat is under construction.

You are requested to please elaborate me that how can she claim the benefit of the h...
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Amlan Dutta
Since you shall get possession in March 2019 ( FY 2018 19 ) , you can start claiming benefit of under construction loan interest only starting FY 2018 - 19 . Whatever home loan interest , you have paid in the prepossession period , you can claim it 1/5th each year starting 2018 19 on wards along ...
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  • June 23, 2018
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PARTHA SARATHI MAJEE

Category : 80EE - I..,
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June 22, 2018 10:59 am
  • 80EE - Interest on loan taken for residential House property
Amlan sir I have some query here is my query
1.In which circumstance I can show home loan interest u/s 80EE and how? can I show it under the head house property interest payable under borrowed capital in spite of 80EE.Whether this 80EE deduction is only for claiming interest over borrowed capital ie...
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Amlan Dutta
The eligibility of 80 EE is that you must have no other house in your name , the house price is below 50 lakhs , the loan is below 35 lakhs and the loan is sanctioned after FY 2016 17 ...Now, If home loan interest repayment exceeds 2 lakhs ...i.e say it is 2.6 lakhs , then you can use the 80 EE dedu...
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  • June 22, 2018
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Krishna Priyadarshi

Category : Exempt I..,
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June 22, 2018 2:31 am
  • Exempt Income
Hi Amlan,

I was going through your video. I have few questions. I have permanently moved out of country in May 2017

For FY 2017-2018 I have salary income of April and Half May.
I have got my Gratuity, worked for my comany for 9.5 years (I saw one of your video on how to declare it in exempt)
I ha...
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Amlan Dutta
For AY 2017 18 , NRI cannot use ITR 1 ...so you will have to use ITR 2 and fill the exempt income schedule for gratuity and PF .....In PF , you will put the entire corpus received and not just the interest portion
  • June 22, 2018
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