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Ashish Kumar Das

Category : ADVANCE ..,
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February 14, 2019 9:17 pm
  • ADVANCE TAX
Dear Mr. Dutta,
In the month of December'2018 I have received my salary for last three years in arrears which is approximately Rs. 60,000,00/- (Sixty Lakhs). However, my employer did not make any TDS for this amount. I plan to file form 10E to claim relief. But my question is whether I need to pay a...
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Amlan Dutta
Surely you need to pay advance tax ...But, first figure out taxable income for FY 2018- 19 and the arising tax liability ...Now for paying advance tax for FY 2018 19, the rules prescribe that you are supposed to pay 30% advance tax by 15th June 2018, 45% (cumulative)of advance tax is paid by 15th ...
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  • February 14, 2019
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Amlan Dutta
It should be fine, i guess ...take care ...revert if you face any issues
  • February 15, 2019
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Hemant Modi

Category : Tax Comp..,
Solved
February 13, 2019 10:29 am
  • Tax Computation
Hi,

I am a government employee. I had got a notice to pay an excess salary which was credited to my account a couple of years back. Below is the amount.
Base Amount: 52000
Interest Amount: 62000
Total: 114000

I have paid the above amount to the employer. Please let me know if I am eligible to get tax exe...
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Amlan Dutta
The year in which you got the amount i.e salary and interest , the same year , you had to declare and pay taxes ...salary under salary head and interest under income from other sources ......for question of exemption and other things , refer to your form 16 provided by employer ....Interest has no e...
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  • February 13, 2019
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Ajit

Category : Rectific..,
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February 10, 2019 12:13 am
  • Rectification - Tax credit mismatch
Sir, Editing as per your suggestion:
As per 26AS i can see tax credit of 2,21,751. Also this can be seen in form-16. But in the intimation letter all these amount is not being taken care. I wish to do a rectification but when i am trying to do so the amount 2,21,751 can be prefilled in imcometax por...
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Ajit
So sir, what shall i do now? shall i submit rectification without changing any amount as it is prefilled?
  • February 14, 2019
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Ajit
Thank you so much Amlan sir! It has been acknowledged by IT dept and they have processed my updated TDS. Appreciate your help on this.
  • February 22, 2019
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Sumit

Category : How to f..,
Solved
February 5, 2019 11:03 pm
  • How to fill form 10 E
Sir, yesterday I told about my problem but still I am confused for what to do. So sir I want to told you that I am not asking 10e form assessment year . Again I told about my problem .Please give some advice.
Sir I received salary arrear for FY 2014-15 and 2015-16 in January 2019.Now Feb. month come...
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Amlan Dutta
Ok, i get it now .....you are unable to select form 10 E for AY 2019 20 i.e FY 2018 19 ......

This is simply because the financial year FY 2018 19(AY 2019 20 ) has not ended yet so you are not seeing FY 2018 19 i.e AY 2019 20 in the options for filling form 10 E .....

(Ask yourself why you cannot...
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Ok, i get it now .....you are unable to select form 10 E for AY 2019 20 i.e FY 2018 19 ......<br /><br /> This is simply because the financial year FY 2018 19(AY 2019 20 ) has not ended yet so you are not seeing FY 2018 19 i.e AY 2019 20 in the options for filling form 10 E .....<br /><br />(Ask yourself why you cannot fill AY 2019 20 now itself and the reason remains the same.....the individual is accountable for earning income till the last day and therefore until financial year ends, the department shall not release forms)<br /><br /><br />I don't know what the vetan form is ...i believe that the vetan form must be some kind of a declaration form to let DDO officer know of the total income in the previous relevant years etc to help calculate relief from arrears received from those years in the present year ) ...ask your DDO itself for a copy rather than seeking it online ...<br /><br />The employer subsequently himself has to provide form 10 E and deduct TDS accordingly considering arrear relief under section 89 .......finally, once the returns for AY 2019 20 including forms are released, submit online form 10 E first before claiming it in return for AY 2019 20 .... <br /> <br /><br />Note - For your second part of the question, you cannot fill form 10 E for AY 2018 19 just because forms for AY 2019 20 is not available ...If you mistakenly do that, it would mean you have received arrears in FY 2017 18 whereas you have received arrears on Jan 2019 which falls in FY 2018 19 i.e AY 2019 20 ...The relief form 10 E loaded each year depends on tax slabs and many other things based on the specific year selection ...wrong selection would make the entire process useless
  • February 6, 2019
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