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Shubham Bauskar

Category : Income t..,
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April 10, 2018 12:55 am
  • Income tax
Hi Sir,

My father income is above 6 lakh and also have income from rent so if i show it in income from other sources then 20% tax i have to pay on rent is there any difference in tax i have to pay on rent if i file itr 2..??
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Amlan Dutta
Changing returns don't change tax computation .....income from rents falls under house property and without much idea on what income head is contributing to his six lakh income , it is tough for me to advise further

Select return based on the income heads and it shall compute exact taxes that you sha...
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  • April 10, 2018
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Shubham Bauskar
six lakh is from salary and thank you
  • April 10, 2018
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Raj Kumar Tewari

Category : Income t..,
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April 9, 2018 11:23 pm
  • Income tax
Hello Amlan,

we can submit ITR of a deceased person via legal hier option. can we repeat this processes again for the next financial year, if deceased person remain income for next coming up financial years. like FDs or mutual funds for more then one financial year. if not, then how can we refund TDS...
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Amlan Dutta
It is advised to break all FD's , Mutual funds and transfer funds to nominee name ...on the year the assessee expires, it is required that the legal heir files the deceased final return of income and once return filed , submit the PAN to the jurisdictional assessing officer so that no further notic...
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  • April 10, 2018
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Anil rudra

Category : Income t..,
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April 9, 2018 10:30 pm
  • Income tax
I have income from agriculture with rupees 2.30 lakhs and also I have a income from my own potato business with rupees 2.7 lakhs approx. Which itr should I fill.
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Amlan Dutta
You can fill ITR 3 showing business and salary income. In case you decide to show business income on presumptive basis , then you are required to file ITR 4 .. accordingly you may decide... you may see my tutorials on how to file return for salary and business income on normal /presumptive basis.
  • April 12, 2018
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M.S.Banerjee

Category : Income t..,
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April 9, 2018 10:29 pm
  • Income tax
If someone earns interest income less than Rs.250000.00 is he/she liable to submit IT Return
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Amlan Dutta
Well it depends really, if the bank has deducted TDS on the interest income , then the assesse won't get a refund until he /she files a refund return
  • April 10, 2018
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