Categories
Normal Grid Pagination Scroll
Joy

Category : RETURN F..,
Solved
June 20, 2018 4:32 pm
  • RETURN FILING
Hello Amlan, Hope you are doing well..so here is my scenario:
for the FY-2017-18, I have two form 16. (Both the companies are of the same business group).

The first Form 16 i.e FORM 16_01 shows following items:
GROSS SALARY: Rs. 3,42,309/-
Total Income: Rs. 3,42,309 /-
Income Under head salaries a...
View More
+ 4
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Form 26 as shows the gross income for salary ,

1.) For first firm , as per form 16, it should be = 342309 + 0( perqusites )+ 0(Bonus)= 342309

2.) For second firm also , as per form 16 , it should be = 458589 +15000 (perquisites )+0 (Bonus)= 473589( i hope you now understand where the figure comes f...
View More
  • June 20, 2018
  • LikeLike
  • 1 person
  • Select as Answer
Devidas Chande

Category : TCS..,
Solved
June 19, 2018 9:46 am
  • TCS
Hi sir mere dost ne vehicle purchase kiya loan ka time TCS hua hai kya wo claim kar sakate hai
Aur Transport ke liye ek normal vehicle hai uska kabhi rent wo account deposit karte hai
Uska kuch payment 26As me dikha raha hai,
uska liye income tax returns konsa file kare
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
I see that he is in contracting business because the first TDS has happened u/s 194 C ....Car loan is not a income ...the TCS can be claimed as credit by your friend ...see my tutorial on claiming credit of TCS on car loan
  • June 19, 2018
  • LikeLike
  • 1 person
  • Select as Answer
Ajay Ghosh

Category : Income t..,
Solved
June 18, 2018 9:04 pm
  • Income tax
Hi Amlan,
Seen an excellent new video on ITR-1 salary breakup for AY 2018-19 made and posted recently. Have you made any similar new video for filling up ITR-2.
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
No , my earlier videos on ITR 2 is sufficient to understand all there is this return form
  • June 19, 2018
  • LikeLike
  • Select as Answer
Vaibhav

Category : Income f..,
Solved
June 18, 2018 7:54 pm
  • Income from Self occupied property
I own a house and live in it, so income from house property is zero. Since there is no home loan, no interest outgo and hence no 'loss' from house property too. In such case, can property tax that am paying be claimed under any section? Also, do I have to provide address etc. details of the property...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You will not be showing this property since you derive no income/loss from it ......For self occupied house , you cannot claim any deduction of property taxes...The net annual value of a self occupied house is always zero .
You will not be showing this property since you derive no income/loss from it ......For self occupied house , you cannot claim any deduction of property taxes...The net annual value of a self occupied house is always zero .
  • June 19, 2018
  • LikeLike
  • Select as Answer