Categories
Normal Grid Pagination Scroll
Ankit Singhai

Category : Deductio..,
Solved
July 23, 2018 10:37 pm
  • Deduction benefit for House property
Hi Amlan
I took a home loan in July 2015 for a under – construction property. Loan amount ~ 27 lacs
I was being charged Pre Emi interest @ certain rates and time to time I repaid the principle amount

My flat was ready in Dec 2017 (I made complete payment to builder), but actual handover/possession I ...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
For preposession period , you cannot claim any benefit of principal component towards loan repayment ..

As far as interest component is concerned, you can take benefit in 5 equal installments starting year of possession ...note that the benefit plus the present year benefit cannot exceed the limits ...
View More
  • March 20, 2019
  • LikeLike
  • Select as Answer
Sumita k

Category : E verifi..,
Solved
July 23, 2018 9:51 pm
  • E verification
My mobile no.is not registerd with aadhar..which is why i am using EVC generation option with bank account but i got the pop up message as " selected account can not be used for EVC generation" what should i do......i have submit itr..but now i have to e- verify..when i went to e- verify n click the...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You can physically sign and send the acknowledgement ...in the meantime register aadhar with some number ...once it is done , e-verify using aadhar OTP as well ...Don't repeat questions again in the site
  • July 23, 2018
  • LikeLike
  • Select as Answer
SUJAN SINGH

Category : Clarific..,
Solved
July 23, 2018 7:41 pm
  • Clarification over income head
Dear sir I want to know about whether disability pension paid to army person is taxable or not.......

If exempted then where to show in ITR.....
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
It is totally exempt and you can show it under exempt income reporting section using any other field and depict it as per the attached picture

Note - CBDT has given clarifications that disability pension received by armed forces is exempt from tax. Via Instruction No 136F.No. 34/3/68-IT(AI),dated the...
View More
It is totally exempt and you can show it under exempt income reporting section using any other field and depict it as per the attached picture<br /><br />Note - CBDT has given clarifications that disability pension received by armed forces is exempt from tax. Via Instruction No 136F.No. 34/3/68-IT(AI),dated the 14th Jan 1970, CBDT said that entire disability pension paid to officers of the Indian Army shall be exempt from tax.<br /><br />Disability pension may sometimes comprise of a disability element as well as a service element; the department has clarified both such components are exempt from tax. (via F. No. 200/51/00-ITA-1 dt. 02.7.2001)<br /><br />Also, no TDS should be deducted on disability pension paid to pensioners of the armed forces
  • July 24, 2018
  • LikeLike
  • 1 person
  • Select as Answer
Shubham Bauskar

Category : Revised ..,
Solved
July 23, 2018 7:38 pm
  • Revised Return U/s 139(5)
Sir, One of my friend forget to take credits of self assesment tax in ay 2014-15 and his return is processed. So when he tried to file revised return it shows time period is over for filing revised return us 139(5). Now what can he do take credits..??
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Nothing can be done now ...he can physically meet the assessing officer and request for rectification of assessment order
  • July 23, 2018
  • LikeLike
  • 1 person
  • Select as Answer