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ADITYA MAHATO

Category : 80TTA - ..,
Solved
August 12, 2019 4:03 pm
  • 80TTA - Income from interest on saving banks Accounts
sir,
Hope you are well.This is the time when people knock your door to beg alms of your great-wealth i.e. knowledge.
This year I got savings interest Rs 21661 and i have shown it with fixed deposit interest approx Rs 8000 in the row of income from other sources.
How much can I claim in 80 TTA row out ...
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Amlan Dutta
If you observe carefully, the other sources field this time has interest fields from savings and fixed deposit clearly separated ...so you will show FD interest 8000 under income from fixed deposit and interest from savings 21661 under interest from savings .....Now under 80 TTA , you can then claim...
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  • August 12, 2019
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Sandeep Roy

Category : Tax Comp.., STCG on ..,
Solved
August 12, 2019 2:29 pm
  • Tax Computation
  • STCG on Stocks
Hi Amlan,

I am an NRI and I would like to know about my tax liability from short-term capital gains from sale of equity shares. I have a short-term capital gain of Rs. 60000. My broker deducted Rs. 9000 as TDS (26AS). I have no other income. While calculating tax on ITR 2 form it shows I have to pay...
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Amlan Dutta
NRIs do not have the option to adjust their capital gains either long-term or short term against the basic exemption limit of Rs 2.5 lakh. It is better that you mention the capital gain breakup in the periods ...it doesn't effect tax liability
  • August 12, 2019
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Anup Prakash Raut

Category : Differen..,
Solved
August 12, 2019 12:16 pm
  • Difference in salary figures in form 16 and 26 as
Sir, form no 16 aur form no 26AS me difference h to ki form ka amount lena chahiye ITR 1 bharte samay?
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Amlan Dutta
There are only two things here , salary and deducted TDS ......Take up with your deductor so that both income and deducted tax figures figure matches , ...
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  • August 12, 2019
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Anup Prakash Raut

Category : Arrear R..,
Solved
August 11, 2019 9:28 pm
  • Arrear Relief under section 89
Hello sir,
I'm anup raut from nagpur
Sir my father is working in government sector and he got arrears.
Im unable to find out which years arrears he gets sir please help with this
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Amlan Dutta
His employer is supposed to help with this and give him form 10 e for claiming arrear relief ..ask him to take up with employer for providing him with form 10 e which clearly specifies the year of arrears and the applicable relief as a result ...
  • August 11, 2019
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