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RAHUL RUHELA

Category : Income t..,
Solved
February 8, 2018 10:37 pm
  • Income tax
Sir,
After submitting rectification request for 10E in my ITR form I have got a new demand under section 154 which pertains to advance interest under section 234 b and 234 c that demand 1337 rupees....Which rectification type I have to fill about that
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Amlan Dutta
It must be section 156 , demand cannot be raised under 154 ...rectification request is passed and order made by assessing officer under section 154 ....if you feel that the demand is incorrect then file a rectification request under 154 else pay of the demand .....
  • February 10, 2018
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Dilip dwivedi

Category : Income t..,
Solved
February 7, 2018 6:46 pm
  • Income tax
I have submitted income tax form manually for A.Y 2018-19 including (march 2017 to Feb 2018 salary+ arrear 2015-16). .on
dated.02/2/2018. My confusion and question s are..

1-when I can fill 10E online ??Before or after generating form 16 .??..because my department will not fill 10e online and ded...
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Amlan Dutta
Company never fills 10 E online , they simply give you form 10 E based on which you fill it online before claiming arrear relief in tax return

They shall put down the relief figure under a certain small heading ( relief under section 89 ) in your tax return.
You can accordingly then fill 10 e online ...
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  • February 8, 2018
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Mahendrakumar Kolhe

Category : Income t..,
Solved
February 6, 2018 12:26 pm
  • Income tax
Hello. I have 2 home loan ac for 2 houses. last year I filed ITR2 for same with claiming loss from house property. This year as per the new budget norms loss from house property for all properties is capped at 2 lakh. My doubt is 1 home loan account is enough for me to show loss of -1.80 lakh. so Ca...
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Amlan Dutta
Please note that loss from not all house properties but SINGLE house ( single or let out ) is both capped at 2 lakh rupees!

If somebody has two houses , the maximum loss would be 2 lakh for each property i.e 4 lakh rupees

For a person having multiple houses, one house can be shown as self occupied ....
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  • February 6, 2018
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Mahendrakumar Kolhe

Category : Income t..,
Solved
February 1, 2018 6:32 pm
  • Income tax
Hi Amlan,

As per the new amendment long term capital gain shall get applied on Mutual funds and equity. My doubt's are,

1.I have 4-5 MF bought in 2009 and if I sold on 25th Jan 2018 then will 10% LTCG will be applicable? if yes how?

2.I have 4-5 MF bought in 2009 and if I sold on 25th FEB 2018 t...
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Amlan Dutta
Here are my observations,

1.I have 4-5 MF bought in 2009 and if I sold on 25th Jan 2018 then will 10% LTCG will be applicable? if yes how?

No, it won't be applied ...any LTCG before 31st Jan 2018 will be exempt.

2.I have 4-5 MF bought in 2009 and if I sold on 25th FEB 2018 then will 10% LTCG will be a...
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  • February 3, 2018
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Mahendrakumar Kolhe
Thanks for clarification
  • February 6, 2018
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