Categories
Normal Grid Pagination Scroll
MANISH MITTAL

Category : Income t..,
Solved
June 10, 2017 3:43 pm
  • Income tax
I am filing return of this Assessment year 2017 18. During filing they have charged me a penalty of Rs 996 under section 234 C ( Deferment of paying advance tax). But how can i pay in advance tax. How can i assume my income as my earnings is always from commissions of selling mutual funds and it ...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Advance tax in case like yours is hard to predict ...what one does is pays a fixed advance amount based on approximation of every year average tax liability and then claim refund at the end ( if more advance has been deposited )... at least this way you don't create any interest tax liability......
View More
  • March 30, 2018
  • LikeLike
  • Select as Answer
JITENDRA

Category : Income t..,
Solved
June 7, 2017 6:08 pm
  • Income tax
How to calculate total earning income?
For example, A labor charged 50,000 for his service to house owner. House owner paid to his labor amount of 45,000 after 5000 deducting tax. House owner deposited 5000 to Income Tax under labor's PAN account. Now when labor wants to prepare IT return, whether he...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Labor will show 50,000 Rs as income from profession and compute taxes ...say this is his only income , then the tax liability will be zero ( since taxable income below threshold level)....now he will take credit of deducted tax of 5000 Rs in the return ....this will be refunded to him ...in case , ...
View More
  • April 17, 2018
  • LikeLike
  • Select as Answer
KARMVEER SINGH

Category : Income t..,
Solved
June 4, 2017 3:31 pm
  • Income tax
Which tax return form is needed to be filled for income from Long term capital gains( on sale of equity oriented mutual fund)and salary income.....
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Well LTCG on sale of equity mutual funds is exempt at present until 1 lakh rupees. Anything over it is charged at 10% ...you can show it in Capital gain schedule of ITR 2 and salary in the salary schedule of ITR 2 ....

So, ITR 2 shall be the return that you can select.
  • April 17, 2018
  • LikeLike
  • Select as Answer
nishigandh kamble

Category : Request..,
Solved
May 31, 2017 7:03 pm
  • Request
Hello sir,
I have seen your 6 hrs.mother of all ITR video.Can I get the excel workshop files which you have used for understanding the concepts.kindly please reply.
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
I don't have the excel files anymore with me anymore ...but if i ever retrieve it , i shall mail it to you!
  • April 17, 2018
  • LikeLike
  • Select as Answer