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TUSHAR

Category : Income t..,
Solved
July 11, 2016 2:08 am
  • Income tax
Sir,
Nirja is owner of 1 flat in Mumbai, and she got rs. 83800 total rent (jan,feb,march 2016)
but she has charge TDS which is show in 26AS
so what she fill up ITR 1 or ITR 2
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Amlan Dutta
Understand the answers rather than merely making this a question answer forum . A person selects a return using which one can reflect his scope of taxable income .Here the taxable income is from house property (let out 1 number )....since this can be represented using ITR 1 , so ITR 1 can be used .....
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  • July 11, 2016
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NITISH KAPOOR

Category : Income t..,
Solved
July 8, 2016 7:15 pm
  • Income tax
Hello Sir In Form 24Q in option earlier period 24q receipt no, can i fill the receipt no of previous year Q4 receipt no in current year Q1 24Q Statement
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Amlan Dutta
Yes , you are required to quote 15 digit provisional receipt number of immediate previous TDS/TCS statement filed...Since this is Quarter 1 , so the last previous period would be Quarter 4
Avoid asking procedural i.e form filling stuff ...i don't like answering such queries
  • July 8, 2016
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surya dubey

Category : Income t..,
Solved
July 8, 2016 1:01 pm
  • Income tax
Hello Amlan ,

Thanks so much for sharing your knowledge with us.
Really appreciate it.

#1. Regarding Co-applicant in home loan

I am the Co-applicant for my home loan and paying 50% of EMI .
Also the house registry is in name of both (myself & my husband).

My concern is can I show 50% amount of ...
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Amlan Dutta
1.) Figure out the co ownership of the property i.e in what porportion the ownership with respect to finance lies ...if the flat costs 100 Rs and you and your husband has invested 50 rs each then the co ownership is 50 % for each
Loan benefits etc etc all will be in this proportion


2.) You can take ...
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  • July 8, 2016
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Suraj Shanbhag

Category : Income t..,
Solved
July 8, 2016 12:17 pm
  • Income tax
Hello Amlan Sir,
Hope you are doing well!!!First of all I would like to thank you for the fantastic selfless job you are doing.Really appreciate it.Now coming to my query, my grandmother has no other income except the FD she has in the bank.She didn't have PAN card. So, once ...
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Amlan Dutta
See understand one thing , that the deductor deducts at the rate of 20 % in absence of PAN and so the bank was doing it correctly.
Second for the period it deducted 20 % TDS , until it now maps to the deductee PAN , the credit for the deducted TDS cannot be taken by the assesse ....
Third obviously , ...
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  • July 8, 2016
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