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Ashish jain

Category : Taxabili..,
Solved
July 27, 2018 7:21 pm
  • Taxability of PF
Hi Amlan,

I worked in an organization for 4 yrs but I withdrew my PF only after 5 years. The period between the 4th year & the 5th year I was not working.

The PF amount I've received & upon checking I found 10% TDS has been deducted.

Please could you let me know where to show the amount of PF re...
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Amlan Dutta
Since, there is no continuous service period of 5 years here ,so here the PF withdrawal which is done even after 5 years is taxable A. Income breakup portion

It would be taxed as given below.

1.) Employer contribution and interest thereon
Basically, the employer’s contribution and interest thereon wo...
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  • November 27, 2018
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G N Sah

Category : INCOME S..,
Solved
July 27, 2018 6:16 pm
  • INCOME SCHEDULE - HOUSE PROPERTY
Dear Amlan,
I am living in government quarters and do not have any house in my name. What option I should fill under Type of house property. Is it compulsory to select any of these options here (self occupied/ or let out)? Without selecting any option it is not allowing me to validate my IT file.

P...
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Amlan Dutta
When you are staying in government quarters, then why are filling at all income from house property ...it doesn't apply ....keep it unselected to self occupied or let out and submit your return depicting only the scope of taxable income that applies to you!
  • July 27, 2018
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Jitendra B

Category : Resident..,
Solved
July 27, 2018 5:16 pm
  • Residential status
Correct ITR form this year for a taxpayer was ITR2 as per Non Resident, but taxpayer filed ITR1 as Resident and everified that return. How to withdraw the submitted ITR1 and how to file ITR2?
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Amlan Dutta
Just revise the return and fill a ITR 2 ...there is no way to withdraw submitted ITR but one can surely revise and make corrections ( Correction include filing a new ITR )
  • July 27, 2018
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niranjan

Category : Exempt G..,
Solved
July 27, 2018 3:25 pm
  • Exempt Gratuity Income u/s 10
sir i have a question. my brother was retired on 30/11/2017 he has received gratuity rs 20 lakhs but in form 16 only 10 lakhs amount was exempted from tax, can he clame tax exemption on another 10 lakhs or not. kindly ans me as soon as possible
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Amlan Dutta
At the time of receipt of gratuity the revision of Gratuity was not in place and therefore the assessee doesn't qualify for gratuity exemption of 20 lakhs .
  • July 27, 2018
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