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A RAVI

Category : Taxabili..,
Solved
July 28, 2018 3:25 pm
  • Taxability of Family pension( U/s 57)
Namaste Sir Ji,

Could you please tell me regarding ITR for family pension. My father expired 4 years ago and My mother is getting a pension of 21200/ month.

Is this an exempt from tax?? At the same time, We have a commercial Vehicle from which we get an 60000/month in mothers account.

We use to give...
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Amlan Dutta
1.) Family pension is not exempt income and it's treatment is specified under section 57, Basically, family pension is offered as income from other sources
You can calculate using net family pension credited to your mother's account ..
While offering family pension for income , don't forget to take ...
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  • November 27, 2018
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raghav bajaj

Category : Deductio..,
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July 28, 2018 1:47 pm
  • Deduction benefit for House property
Sir, my mother has a residential house property which was purchased 7 years back, until last year we had a mortgage loan on that property in the name of my father amounting to 28 lakhs , in FY 2017-18 on that property we have taken house loan worth 40 lakh in the name of my father out of which 28 l...
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Amlan Dutta
Simply put , if loan has been used for personal purpose , no benefit under 24(b) or 80 C can be taken ..If however, utilization of loan towards property purchase(already constructed) can be shown , you can take benefit ...In this case since the mortgaged loan has been used for personal purpose, as...
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  • November 27, 2018
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SYED UMAIR HUSAIN

Category : Exempt H..,
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July 28, 2018 12:02 pm
  • Exempt HRA when not shown in Form 16
I have Rs. 5088 as deductions in HRA head. (Rs. 424 per month). How to include this in my ITR. plese help.
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Amlan Dutta
If this is HRA exemption and not considered in form 16 , you can reduce your exempt allowances by this amount. Check answer video option.
  • July 28, 2018
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Sri Maha

Category : Feedback..,
Solved
July 28, 2018 12:49 am
  • Feedback
Just now I watched your video clipping(https://www.youtube.com/watch?v=qU3Wf4D0SU8) on How to claim/fill TDS column in ITR2, which is incredible and spoon feeding for a Novice like me.First time I'm trying it on my own.

Thanks
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Amlan Dutta
You are very welcome and i am happy it helps!
  • February 22, 2019
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