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Vikas Agarwal

Category : Mutual F..,
Solved
July 22, 2018 7:38 pm
  • Mutual Funds
Hi Amlan, in ITR 1 can we show short term gain on STP (from debt to equity/balanced) of mutual funds? As far as I can understand, since it is debt MF which is sold in this case, it does not attract Security Transaction Tax and in turn it is not eligible for 15% STCG taxation. So, when it comes under...
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Amlan Dutta
Since , gains from mutual fund is considered as capital gains, so you won't be able to use the ITR 1 return and have to reflect this using capital gains schedule available only in ITR 2 and other returns ...
  • July 23, 2018
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manoj

Category : 44ADA ( ..,
Solved
July 22, 2018 6:53 pm
  • 44ADA ( Profession)
I am a contract employee previously i mention that my other income are fd,pension, mf can i use itr4 and 44ada section. My total financial year income 247486 rs
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Amlan Dutta
You won'be able to use ITR 4 , but you can use ITR 3 since you have income from capital gains
  • July 22, 2018
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Om prakash kalla

Category : 80EE - I..,
Unsolved
July 22, 2018 6:46 pm
  • 80EE - Interest on loan taken for residential House property
50000 Deduction under 80EE is applicable for home construction loan or it is applicable for home buyers only.....we bought a plot in 2007 and took a housing loan worth 33 lakh on April 2016 for construction of my home....we took 3 types loan from HDFC for complete construction 1.housing loan 33 lac...
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Amlan Dutta
24b can be used for home constuction loan but can be utilized only once construction is complete ...i don't believe that 80 EE has this facility .. there is no benefit for insurance funding or home equity loan.....In this case, you can therefore only claim 24b section benefit post construction is c...
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  • July 22, 2018
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lakhwinder singh

Category : 80CCD(2)..,
Solved
July 22, 2018 6:29 pm
  • 80CCD(2) - Employer contribution towards NPS
sir,
in my IT register which i have downloaded from my HRMS account is not showing employer's contribution towards my gross salary.(screen shot attached) and also not shown in form 16.(screen shot attached). employer's contribution has been showing in NPS annual statement.
while filling itr should i...
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Amlan Dutta
If it is not showing in payslips , form 16 etc ...it reflects employer didn't consider it for salary accounting purpose ...better to ignore it because anyways you will add and subtract it ...now , you will do nothing just to adhere to what the form 16 prescribes
  • July 22, 2018
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