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Venkatramani

Category : Taxabili.., Taxabili..,
Solved
June 28, 2019 7:01 pm
  • Taxability of PF
  • Taxability of PF - Withdrawal before 5 years
Hi Amlan,
I am not in employment since February 2018 till today (28th June 2019). I have not completed 5 years of continuous service. I submitted PF Claim (via unifiedportal-mem.epfindia.gov.in) and have received refund of the entire PF (employer and employee) this June 2019 amounting to Rs.4.25 lakh...
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AYUSH
You can claim refund of aforesaid amount just remember to file the disclosure purpose what I think.. But I want amlan sir to through light on that.
  • June 28, 2019
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Amlan Dutta
Even if 80 C was filled with Home loan principal , if you had availed 80 C on account of PF contribution in those year ITR's ,same alone shall be considered as savings for that year ... ...basically,EPF contribution is made up of four components - employee's contribution, employer's contribution, i...
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  • June 28, 2019
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PRATIK PADHIYAR

Category : GST..,
Unsolved
June 28, 2019 4:06 pm
  • GST
We are supplier of Goods and our turnover in previous year was Rs. 12 crore. My question is " We are required to Pay GST on advance receipt" ?
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AYUSH
Yes as per supply definition of gst act we are required to pay gst on advance reciept
  • June 28, 2019
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Leela Sai Rama Krishna

Category : Filing r..,
Solved
June 28, 2019 12:51 am
  • Filing return for LIC agent
My Dad is LIC agent by profession. He gets income from LIC, Star Health insurance etc. He has a 3 storeyed building, in which he rented for 2 floors and stays in other. He has another house, rented . For Filing ITR for AY 2019-20, Can you throw some light on which form should be used.
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Amlan Dutta
For individuals , return to be selected in such a way that the taxable income from applicable income heads can be deducted ...here income is from profession and house property ...so, select return that allows for income from these heads to be depicted ..
For AY...
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  • June 28, 2019
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AYUSH
Sir for propose of lic commission and other 3rd party I would recommend you to show file business income, for purpose of property income you can file house property head and would recommend itr 3
  • June 28, 2019
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Deepjit Nandi

Category : 80TTA - ..,
Solved
June 27, 2019 3:53 pm
  • 80TTA - Income from interest on saving banks Accounts
sir, can any one avail benefits of deduction U/s 80TTA for ICICI sweep account for the AY 2019-20 ?
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Amlan Dutta
This benefit is only available to savings account ...am not sure of sweep account nature..made to understand that they are of saving nature only so
80 TTA benefit may be applicable ...consider a second opinion
  • June 28, 2019
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