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Mahadevan Viswanathan

Category : Exempt I..,
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June 25, 2018 1:30 pm
  • Exempt Income
Hi Amalan.
Your videos are very useful.
This is regarding Exempted income from Maturity of insurance in ITR-1
But for Assessment Y 2018-19 I find in ITR-1 online form that under Exempt income details in the verification page, one has choice of separate entry for section 10D. As I can understand, the...
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Amlan Dutta
Yes, you can...there is no restriction of 5000 rupees for exempt income ...glad you could infer the same ...you can show your exempt proceeds under section 10 (10D) ....
  • June 25, 2018
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Ajit Singh

Category : ITR 1..,
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June 25, 2018 1:12 pm
  • ITR 1
Hi Amlan,
Shared the snapshot of my form 16 category "Allowance to the extent exempt U/s 10". So while filing IT return do I need to report all the 3 things in reporting section of Nature of Income
1. House Rent Allowance - Sec 10 (13A)
2. Conveyance Allowance - Sec 10 (14A)
3. Medical Reimbursement...
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Amlan Dutta
Perfect , just note that there is no section called 10(14A)...it is 10(14) for transport allowance ( you can use it for conveyance )...rest , your interpretation is perfect ...well done....You will show exempt HRA under 10(13A) and medical reimbursement using other's.......
  • June 25, 2018
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Bidhan

Category : Deductio..,
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June 24, 2018 9:59 pm
  • Deductions
I am a Govt. servant. My total income under salary Rs.4.5 Lakh .My Investment under section 80C as under:-
1) Public Provident Fund (PPF) – Rs.20,000/-
2) Sukanaya Samriddhi Account (SSA) – Rs.20,000/-
3) Mutual Fund (ELSS Scheme) - Rs.40,000/-
4) NPS( Tyre -1...View MoreRespected Sir,
My name...
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Amlan Dutta
Investment (not interest )in Both PPF & Sukanya Samriddhi Account is eligible for deduction under section 80C of the Income Tax Act, 1961. In fact other than NSC, no other instrument allows this type of saving . So, in short the answer is no , you cannot use the PPF and SSA interest for 80 C ....
  • June 25, 2018
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Sushant Sawhney

Category : Exempt I..,
Solved
June 24, 2018 8:10 pm
  • Exempt Income
Hey Amlan,

Need an advice/help. I am filing the ITR for AY 2018-19. I switched my organization in August 2017. I have gotten the form 16 from my previous employer as well. I gave all the details(total salary earned from previous employer, tax charged by previous employer, etc) of my previous employ...
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Amlan Dutta
You will not consider the earlier employer income as exempted income ....you will fill salary from earlier employer as it is and the salary from new employer without considering exemption of earlier salary ....tax shall be computed as per slabs and you are required to check whether TDS credit is suf...
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  • June 25, 2018
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