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Sanjay Deb

Category : RETURN F..,
Solved
September 30, 2018 10:22 am
  • RETURN FILING
Hi Amlan! I have a doubt regarding Employment category. If a housewife get FD interest and no other income source is there for her which employment type she should choose while filing ITR-1 for the TDS deducted.
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Amlan Dutta
Since she is a housewife and has no source of employment, the question of selecting employment doesn't apply and therefore she has select not applicable ...she will simply fill interest income from other sources and claim TDS credit in TDS schedule .....

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  • September 30, 2018
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Mahesh Naik

Category : Section ..,
Solved
September 28, 2018 11:29 pm
  • Section 119(2)(b) Delayed filing
Can we File ITR of AY 2017-18 and AY 2016-17 now ?
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Amlan Dutta
You can't file belated return under normal process since belated period of filing for relevant previous year is already over . However, if there was genuine hardship in filing of returns , you can file a application requesting condonation for delay in filing under section 119(2)(b)

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You can't file belated return under normal process since belated period of filing for relevant previous year is already over . However, if there was genuine hardship in filing of returns , you can file a application requesting condonation for delay in filing under section 119(2)(b) <br /><br />The process of filing returns for time barred previous year returns when the time period for filing belated return under 139(4) has passed is as follows, <br /><br />Stage - 1 - Getting approval for condonation vide notice under section 119(2)(b).<br /><br />Firstly, there must have been some genuine reason of hardship for not having filed the return .Assessee has to pen a application seeking condonation of delay on account of the hardship and submit to authority <br />(commissioner of income tax if TI until 10 lakhs / Chief commission if Total income between 10-50 lakhs and CBDT if Total income exceeds 50 lakhs) ..<br /><br />if authority (assuming, principal commissioner of income tax) is convinced of the hardship, he shall approve issuing condonation notice under section 119(2)(b).. ...<br />At the tile of uploading return xml file , assesse is required to fill in details of this notice and upload the notice as well <br /><br /><br />Stage - 2 - Preparing the return <br />After receiving condonation notice, assesse can file return for the previous year <br />In the process, he/she can now download the return utility for the relevant previous year from the tax website and fill all details...Process for filing remains same with only exception being the section for return filing<br />Assesse shall carefully select return filing section as -section 139 read with section 119(2)(b)<br /><br />Stage - 3 - Attaching notice and uploading xml file of the return in the tax website <br /><br />Once, done he will prepare xml file for uploading to tax website .<br /><br />For this he, he will login to tax website and do .......<br />E Filing - Filing Against Notice /order Filing Section - 139 read with 119(2)(b) ....Upload xml<br /><br /><br />In the page that proceeds he is required to fill in details of condonation notice , date of notice and attach the notice before uploading the xml file of return <br />Then on clicking submit , acknowledgement gets generated <br />Assesse is required to e-verify the acknowledgement <br />All other things remain same i.e receipt of intimation assessment , processing of returns etc etc
You can't file belated return under normal process since belated period of filing for relevant previous year is already over . However, if there was genuine hardship in filing of returns , you can file a application requesting condonation for delay in filing under section 119(2)(b) <br /><br />The process of filing returns for time barred previous year returns when the time period for filing belated return under 139(4) has passed is as follows, <br /><br />Stage - 1 - Getting approval for condonation vide notice under section 119(2)(b).<br /><br />Firstly, there must have been some genuine reason of hardship for not having filed the return .Assessee has to pen a application seeking condonation of delay on account of the hardship and submit to authority <br />(commissioner of income tax if TI until 10 lakhs / Chief commission if Total income between 10-50 lakhs and CBDT if Total income exceeds 50 lakhs) ..<br /><br />if authority (assuming, principal commissioner of income tax) is convinced of the hardship, he shall approve issuing condonation notice under section 119(2)(b).. ...<br />At the tile of uploading return xml file , assesse is required to fill in details of this notice and upload the notice as well <br /><br /><br />Stage - 2 - Preparing the return <br />After receiving condonation notice, assesse can file return for the previous year <br />In the process, he/she can now download the return utility for the relevant previous year from the tax website and fill all details...Process for filing remains same with only exception being the section for return filing<br />Assesse shall carefully select return filing section as -section 139 read with section 119(2)(b)<br /><br />Stage - 3 - Attaching notice and uploading xml file of the return in the tax website <br /><br />Once, done he will prepare xml file for uploading to tax website .<br /><br />For this he, he will login to tax website and do .......<br />E Filing - Filing Against Notice /order Filing Section - 139 read with 119(2)(b) ....Upload xml<br /><br /><br />In the page that proceeds he is required to fill in details of condonation notice , date of notice and attach the notice before uploading the xml file of return <br />Then on clicking submit , acknowledgement gets generated <br />Assesse is required to e-verify the acknowledgement <br />All other things remain same i.e receipt of intimation assessment , processing of returns etc etc +2
  • September 29, 2018
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Honey

Category : Taxabili..,
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September 28, 2018 7:30 pm
  • Taxability of PF
Hi Amlan...Please guide me on this.
My wife has housing loan so she takes maximum credit of 80c(Housing loan Interest). my question is can i deposit in her PPF a/c to take credit of 80c in my return what is right process of doing this i.e. Cheque/Cash/online(If needed at the time of scrutiny) Do i ne...
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Honey
Thanks for your reply...what is right process of doing payment in wife's PPF a/c i.e. Cheque/Cash/online(If needed at the time of scrutiny) Do i need to mention this Somewhere in return i.e. wife's PPF or just put the amount figure in 80c exempt income Column.
  • September 29, 2018
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Honey
Thank you so much for guidance.
  • September 29, 2018
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Santanu

Category : TDS Cred..,
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September 28, 2018 12:50 am
  • TDS Credit
Sir, my friend working in railways . He has a of 8100 as per form 16 but in 26AS there is no tds . He filed itr as per form 16 but income tax department send an intimation 143 states that he has to pay 2563 rupees instead of 5500 rupees refund . Please help sir
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Amlan Dutta
Take up with deductor so that the deducted TDS appears in tax credit statement ...until then you cannot claim credit in ITR ......have made enough tutorials on this on my channel and what to do if deductor doesn't listen , won't waste my time explaining further!
  • September 28, 2018
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