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Sayan Mukherjee

Category : Income t..,
Solved
February 19, 2018 1:10 pm
  • Income tax
Hi Amlan..... Sorry for double posting ... I was unable to log in.. but thanks god..
Please help me in the following matter.....
My father was a government employee and he retired in December 2017.
His got 30 lacs from gpf + gratuity + commuted leave etc in January 2018.
He got 25 lacs in January 2018 f...
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Amlan Dutta
Since his income is from salary and capital gains , he will fill ITR 2

2.) Indexation is compulsory w.r.t property and he will pay tax at the rate of 20 % on long term indexed gains

3.) Yes, it is supposed to be shown in exempt income schedule ....you can put in respective heads like gratuity, EL en...
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  • March 28, 2018
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Dr Rakesh Kumar

Category : Income t..,
Solved
February 17, 2018 7:58 am
  • Income tax
Sir
I purchased a flat in 33 lakh while market value of that property (as per govt value) was 40 lakh. I pay registry charges according to 40 lakh. Now, my question is: I have to again pay tax on 7 Lakh (40-33 lakh) as a income.during return filing
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Amlan Dutta
You have purchased a flat ...where is the question of income ....when one sells a flat , one can generate capital gains and there can a element of tax only then ...without generation of income i dunno why you think that you need to pay any income tax ...
  • March 28, 2018
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PARTHA SARATHI MAJEE

Category : Income t..,
Solved
February 15, 2018 10:06 pm
  • Income tax
Amlan Sir,how can i show exempt income of ppf interest or gratuaty income in ITR-1 for ay 2017-18 or fy 2017-18 ?I have seen your tutorial but it was of ay 15-16 but now in itr 1 there are are four slot in tab of tax paid & verification to report exempt income one of them is other under D13.SLNO(iv)...
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Amlan Dutta
you will put in exempt income reporting section details of exempt gratuity and PF interest ( add fields and keep such fields..look at the attached pic

Section 10(38) is for LTCG and 10(34) is for domestic dividends , so don't fill anything here

Regarding arrear relief , i have covered enough in my Y...
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you will put in exempt income reporting section details of exempt gratuity and PF interest ( add fields and keep such fields..look at the attached pic<br /><br />Section 10(38) is for LTCG and 10(34) is for domestic dividends , so don't fill anything here <br /><br />Regarding arrear relief , i have covered enough in my Youtube and don't think this forum is appropriate to cover something so extensive here in just a few words...your phrasing shows that you have not understood at all how the relief is calculated ...request to carefully study the process again
  • March 28, 2018
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PARTHA SARATHI MAJEE

Category : Income t..,
Solved
February 11, 2018 2:29 pm
  • Income tax
SIR, I m a govt.employee I m getting sallary from my employer as well as I m getting 135000 rs yearly rent from mobile tower company as a income frome other source in my saving account.Now here is my querry-
1.Which itr I should fill?
2.If I choose ITR-1 may i...
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Amlan Dutta
You can check your 26as to check whether you have any tax credit available on account of TDS deduction from this mobile tower .....in case you have you can seek credit in TDS schedule 2 else you can leave it blank ...... ( you will find TAN in 26as ).....you can show income under other sources ....

Y...
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  • February 11, 2018
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