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DIVYANSH TRIPATHY

Category : Who is r..,
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July 27, 2018 1:22 am
  • Who is required to file
hello sir
suppose i filled return this year for claming tds refund but in next year i do not want to fill return because i am submitting 15 g so whether i shall received notice from it department for not not filling return

Income shall be below threshold below limit
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Amlan Dutta
Ideally speaking , he should not receive a notice because for individual assessee , return filing is not compulsory if gross income is below threshold level ...in case he does receive a compliance notice , there is a option in compliance portal to justify non filing because of income falling below t...
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  • July 27, 2018
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DIVYANSH TRIPATHY

Category : Taxabili..,
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July 27, 2018 1:16 am
  • Taxability of Interest Income
hello sir , my father has only saving interest and fd income of rs 160000 ,so if i filled return for tds refund , and it department ask from where u got money for fd and for saving bank . then ? pls clear this query
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Amlan Dutta
Any assesse should be able to justify the amount it shows as income ...the income doe not automatically happen ...it is queit possible that your father has this income from salary , pension , house rent etc etc something ---that can be used to convince the assessing officer but generally such small ...
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  • July 27, 2018
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Saurabh pahuja

Category : 80CCD(1B..,
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July 27, 2018 12:30 am
  • 80CCD(1B) - Employee contribution NPS.
Sir.

I am a govt offcial.
I want some clarification on section 80ccd (1) (b) of income tax act.

I wish to know:

1. I have invested Rs. 1.20 lakhs approx under section 80c and have also invested Rs. 63518 in NPS. Can I claim tax rebate of my deposited amount in NPS under Sec. 80 ccd (1) (b). If ...
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Amlan Dutta
Yes, you can and by simply putting it under section 80 CCD(1B) ...put 50,000 here since you cannot put more than 50,000 here and balance 13518 i.e 63518 - 50000 =13518 can be used in 80 C ...since you already have 1.4 lakhs credit in 80 C so , you can use 10,000 from excess investment in NPS in 80 C...
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  • July 27, 2018
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Nainpreet

Category : Taxation..,
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July 27, 2018 12:15 am
  • Taxation of Fixed deposit
I have 5yrs tax saver fixed deposit in bank and every year accured interest is earned on it. As the accrued interest is less than 10,000/- TDS is not deducted by bank. Pls. Confirm whether i have to declare accrued interest under head 'income from other sources' and pay tax accordingly or i can pay...
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Samik Das
Not required.
  • July 27, 2018
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Amlan Dutta
It is better to declare it and file a nil return .........check tutorial on taxation of FD interest ( video answer option)
  • July 27, 2018
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