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riyas

Category : Arrear R..,
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July 14, 2018 7:30 pm
  • Arrear Relief under section 89
Hi Amlan,
I am attaching my last 2 ITR v and current form 16.

My doubt is
1. when filling 10 e, annexure 1 , it asks for total salary excluding arrears. Whiich amount I should put here, whether it is salary in form16 - arrears amount I.e. 747451/- (1040375-292924) or should I mention total incom...
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riyas
Hi Ayush ,
  • July 14, 2018
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riyas
Ayush , pls clear my 1st query. Which amount to be shown in annexure 1 in 10e. Only salary received excluding arrears amount or after deduction under chapter vi....Pls show light on subject... Thank U
  • July 14, 2018
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Rekkhaa

Category : Communic..,
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July 14, 2018 6:56 pm
  • Communication of proposed adjustment u/s 143(1)(a)(vi)
Last week I got a mail from CPC stating this as summary "found that it contains arithmetical errors/ incorrect claims/ inconsistencies with respect to Audit Report /Form 26AS and the same is indicated in the table annexed.". I withdrew 1135968 pf amount last year and tds was 113597 and have fd where...
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AYUSH
Edit and select correct category of question.
  • July 14, 2018
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Amlan Dutta
Check the annexed table to check what the variance speaks of ...if TDS deducted on PF , it indicates that the PF is taxable ....was the PF being withdrawn after 5 continous years of service ..if yes, then exempt else totally taxable ...if exempt , which it doesn't appear to be , you will declare it...
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  • July 14, 2018
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Sumit Hedaoo

Category : 80EE Eli..,
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July 14, 2018 6:42 pm
  • 80EE Eligibility
Under construction homeloan.
my house cost is around 65lacs and my loan value is also more than 40Lacs.
and this loan is joint home loan with my wife.
can we both take the benefit of 80EE deduction?
means if we both took the loan, so the value of house and loan will be 50% on both?
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AYUSH
Hello sumit refer following Conditions to be Met for Claiming Deduction 80ee
This is the 1st house you have purchased
Value of this house is Rs 50 lakhs or less
Loan taken for this house is Rs 35 lakhs or less
Loan has been sanctioned by a Financial Institution or a Housing Finance Company
Loan has bee...
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  • July 14, 2018
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Amlan Dutta
As ayush explains, for claiming 80 EE benefit, value of this house should be Rs 50 lakhs or less
and loan taken for the house must be Rs 35 lakhs or less. Since your house value is more than 50 lakhs i.e 60 lakhs and loan is more than 35 lakhs i.e 40 lakhs, you clearly are not eligible for 80 benefi...
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  • July 14, 2018
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Anurag Kumar

Category : TAXABILI..,
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July 14, 2018 6:02 pm
  • TAXABILITY OF SALARY ALLOWANCES
In my form16 under exempt u/s 10amount is mentioned but it does mentioned exempted for what?how to show the same amount under exempt income for reporting purpose?
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AYUSH
Edit and select correct category of question
  • July 14, 2018
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Amlan Dutta
Take up with your employer or check your individual salary slips to check the allowances that you get and accordingly decide ...best is to have your employer certify which allowances have been considered exempt by them while computing chargeable salary income and deducting TDS ...next time , select ...
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  • July 14, 2018
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