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Ankush kaundal

Category : Arrear R..,
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July 23, 2018 2:16 pm
  • Arrear Relief under section 89
Hello Amlan,

This is regarding the arrears of Family pension of FY 2016-2017 which my mother has received in January 2018 i.e FY 2017-2018.
In the FY 2016-17 her income from FD interest was Rs.116935 so we didn't pay any tax during filing of tax as her taxable income was below the exempted limit of R...
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Amlan Dutta
I believe that it shall be treated as salary arrears because of Rule 21(A) and accordingly Annexure-1 shall be filled...

Rul...
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  • July 23, 2018
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Ankush kaundal
Thanks Amlan.
  • July 23, 2018
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Pankaj lande

Category : 80CCD(1)..,
Solved
July 23, 2018 2:13 pm
  • 80CCD(1) - Employee contribution towards NPS
sir thanx for ur reply i have one doubt that i have created my nps account after april 2018..till then i was having no pran no. ..so when i checked my nps acc statement it showed 0 contributions upto march 18 and all the contribution i have made from march 17 to april 18 was shown for the month of ...
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Amlan Dutta
It all depends on assessing officer whether he is willing to consider .....Typically NPS account should show contribution during the year and not after year ends in order to be eligible for the benefit..if i were the assessing officer , i would not consider the contribution
  • July 23, 2018
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Raghava Rao

Category : INCOME S..,
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July 23, 2018 2:01 pm
  • INCOME SCHEDULE - HOUSE PROPERTY
I have taken home loan for 850000 (property value is 1250000) in 2015-16. i have got possession of this property in 2017-18. This is the only property on my name. I had paid EMI during construction period, i.e., for 2015-16 and 2016-17, but had not claimed home loan interest benefit so far. presen...
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Amlan Dutta
Total interest paid during construction period (FY 2015-16 and 2016-17)
= 65000 + 85000 = 1,50,000,
Total interest paid during FY 2017 -18 = 1,20,000.... ...
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Total interest paid during construction period (FY 2015-16 and 2016-17) <br /> = 65000 + 85000 = 1,50,000, <br /> Total interest paid during FY 2017 -18 = 1,20,000.... <br /> Under section 24(b) , prepossesion interest to be divided in 5 parts and benefit claimed over 5 years ...so , 1,50,000 / 5 = 30,000 . This plus 1,20,000 i.e 150,000 can be claimed as interest benefit under section 24(b) ...If this is only one house you have , you can file ITR 1 and show it under income from House property ...check attached picture
  • July 23, 2018
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Bhupendra verma

Category : Time per..,
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July 23, 2018 2:00 pm
  • Time period for belated return
Sir wanted to fill old itr 3 is possible that this return will be processed or not?? The assessment yr is 2015-16,2016-17
I'm also confused how to fill xL sheet and how to generate XML? PLEASE provide me information of those fy. How to fill these sheets.
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Amlan Dutta
Belated period for filing returns for 2015-16,2016-17 under section 139(4) is already over and therefore you cannot file returns for those assessment year now...try studying 119(2)(b) if you had genuine hardship for filing of returns
  • July 23, 2018
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