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Ajay Ghosh

Category : Income t..,
Solved
June 14, 2018 8:46 am
  • Income tax
My query is related to LTGC.
* Joint property purchased in year 2004-05 for Rs 8.3 lacs

* The above property sold for Rs 29 lacs in Sept 2017.

* New joint property (second property) which was under construction purchased (final sale deed signed) in Mar 2018 for Rs 60 lacs with loan of Rs 28 lacs f...
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Amlan Dutta
1.) Yes, you can claim under section 54 but just ensure that the construction is completed within the stipulated period as mentioned in section 54 2.) You can claim rebate only after possession is complete (1/5 each year for 5 years plus t...
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  • June 14, 2018
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SIMRANJIT SINGH

Category : Exempt I..,
Solved
June 14, 2018 1:44 am
  • Exempt Income
Dear Sir,
How to show medical reimbursement (Exempt income under sec -17(2)) of 15000Rs/- in ITR-1 form?
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Amlan Dutta
You can show it in the exempt income for reporting purpose (check attached picture)
You can show it in the exempt income for reporting purpose (check attached picture)
  • June 14, 2018
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SHUBHAM KUMAR

Category : How to s..,
Unsolved
June 14, 2018 12:06 am
  • How to show Gift from relative in return(U/s 56(2)
Dear Sir,
I am received 104900 as a gift for my further studies from my mother's brother. Can i claim deduction under sec 56(2). Kindly Reply.
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Amlan Dutta
Relative under definition of section 56(2) covers In case of individual

1.)Spouse of the individual

2.)Brother or sister of the individual

3.)Brother or sister of the spouse of the individual

4.)Brother or sister of either of the parents of the individual

5.)Any lineal ascendant or descendant of the indi...
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  • June 14, 2018
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Manish Das

Category : HOW TO F..,
Solved
June 13, 2018 11:14 pm
  • HOW TO FILE RETURNS
Thanks a lot sir for help I've some queries please help
Any HELP will be APPRECIATED .
I'm a salaried person but also receive agriculture income(which may be >5000). Please clarify me on the following points for
->>claiming tax benefits and under which section.

1. Which ITR form should I've to fil...
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Amlan Dutta
You can fill ITR 2 , show salary under salary head and agri income under exempt income schedule under correct head ( refer to my youtube tutorial for this)...as regards your other queries, there is no tax consequence to a KCC(kisan credit card )scheme ..so forget about it .(Point 2 and 3) ...what yo...
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  • June 13, 2018
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