Categories
Normal Grid Pagination Scroll
DIVYANSH TRIPATHY

Category : Exempt g..,
Solved
July 26, 2018 9:55 pm
  • Exempt gift income u/s 56(2)(iv)
hello sir . my brother is in job and getting salary around rs 650000/ p.a, now if he transfer money to father bank account rs 30000 every month so whether father is liable to tax or not
  • Hide Placeholder
  • Hide Discussion
Samik Das
as father is a relative and as per IT Act it is not an income.
  • July 27, 2018
  • LikeLike
  • Select as Answer
Amlan Dutta
Here son has gifted to father ...we have to check son from the purview of relative as per income tax ....since ,son falls in the definition of relative, any money received by son( relative ) is tax free i.e exempt in the hands of father ...it will not be taxable in the hands of father ...select quer...
View More
  • July 27, 2018
  • LikeLike
  • Select as Answer
geeteshri

Category : Taxabili..,
Solved
July 26, 2018 9:12 pm
  • Taxability of Interest Income
Hi Amlan, I have in my form 26AS ..."194A" amount of TD deducted as 4550 rs. Now this should be filled in 80 TTA or it will come under income from other sources. I am confused.
  • Hide Placeholder
  • Hide Discussion
Samik Das
Chk whether 4550 is your savings account interest. 80TTA is not available for fixed deposit.
  • July 27, 2018
  • LikeLike
  • Select as Answer
Amlan Dutta
This is FD interest income ( on savings there is no TDS) ...so, It will come under income from other sources , however there is no deduction benefit of 80 TTA on FD interest income ...had it been savings , you would still be required to show the income under income from other sources and claim benef...
View More
  • July 27, 2018
  • LikeLike
  • Select as Answer
Nainpreet

Category : Revised ..,
Solved
July 26, 2018 9:02 pm
  • Revised Return U/s 139(5)
I had filed ITR 1 AY 2016-17 and had paid self assessment tax, but forgot to mention bsr code under sechule IT. However i have checked form 26as and it is reflecting over there. Do i need to file revised returns for AY 2016-17 ?
  • Hide Placeholder
  • Hide Discussion
Nainpreet
ITR processed is the current status....do i still need to file revised ITR?
  • July 27, 2018
  • LikeLike
  • Select as Answer
Nainpreet
Please reply
  • July 27, 2018
  • LikeLike
  • Select as Answer
RAVIKUMARA D R

Category : Income t..,
Solved
July 26, 2018 8:20 pm
  • Income tax
Sir,
i worked in 2 companies For 3years And 4 years, Total 7 years,with using same PF number now i have changed company , the new ompany alloted new PF number, and now withdrawn old Companys PF accumulated balance amount, is that fully exempt, tds has been deducted.
Plz tell me the taxability
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
If there was any period of 5 continuos service, then it is exempt else totally taxable ...while changing companies was it continuos or some gap in between ...if any gap, then it will not be treated as 5 years of continuos service and PF taxable
  • July 26, 2018
  • LikeLike
  • Select as Answer