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Hema Latha

Category : 80CCD(2)..,
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June 12, 2018 9:12 pm
  • 80CCD(2) - Employer contribution towards NPS
Hello Sir, In my F-16, gross salary is inclusive of Employer NPS contribution. While filing ITR-1, in which head I need to show that amount to get the exact income chargeable that is point no 6 in form-16. As per your video, I have calculated the basic pay and other allowances both exempt and non-ex...
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Amlan Dutta
In everybody's case, if employer pays NPF it will be a part of gross salary only and it is not exclusive to it .....you are missing the point ...NPF , PF , etc are all a part of salary only and in particular case Employer NPF contribution , taxpayer enjoys deduction benefit ...say, a employee gets...
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  • June 12, 2018
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Amlan Dutta
You can put it in non exempt allowance......there wont be any problem....and yes, you will take benefit under 80 CCD(2) not 80 CCD(1) or 80 CCD(1B) ...80 CCD(1) and 80 CCD(1B) are deduction sections for employee contribution towards NPS...in your case it being employer will enjoy deduction benefit ...
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  • June 12, 2018
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arun kumar

Category : DTAA ( T..,
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June 12, 2018 8:54 pm
  • DTAA ( Tax credit method)
Can we claim DTAA tax relief without taking tax residency certificate or not?
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Amlan Dutta
No , without taking tax residency certificate , you cannot claim DTAA relief ...
  • June 12, 2018
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Aadhi

Category : HOW TO F..,
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June 12, 2018 8:10 pm
  • HOW TO FILE RETURNS
i have income of interest. i have taken loan from other @10% and i have given that money to other @15%. there is difference in interest received (for eg. 500000) and interest paid(for eg 400000). this difference (rs. 100000) is my income. there is deduction of TDS on interest received (i.e. 50000)....
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Amlan Dutta
Your income is 5,00,000 (5 lakhs) and not 1 lakh ...payment of Interest( that too without deduction of TDS ) is not a valid expense ...you can show 5 lakhs interest income and claim TDS credit of 50,000 ( deducted under 194 A) provided same is appearing in your tax credit statement ( Form 26 As) .....
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  • June 12, 2018
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BALAKRISHNAN

Category : ASSESSME..,
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June 12, 2018 7:10 am
  • ASSESSMENT PROCESS
Hi Amalan ,

This is a general query , interest from Saving bank account will not be reflected in FORM 26 AS , then do we have to find out the interest earned in the savings account for the Financial year and claim deduction under 80TTA . if the the savings bank account interest is less than 10k , th...
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Amlan Dutta
Yes, you are required to show interest from saving bank in your return under income from other sources no matter whether they appear in 26 as or not ....even if they are below 10,000 rs , the entries need to be show in income from other sources though you will get the deduction benefit under 80 TTA...
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  • June 12, 2018
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