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geetika ahuja

Category : Income t..,
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July 4, 2016 10:51 pm
  • Income tax
hey Amlan, you are doing great work. Need a bit of ur help. while filling form 26QB , missed out to mention the floor number in the address of property purchased, Is there a way to edit and mention the floor as it may lead to confusion to the department later that the whole building is being bought/...
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Amlan Dutta
That should not cause any problem ...however , you can refill the form 26 QB ...there is no way to revise /edit it
Simply fill it again and then make the payment using the challan

But in case, you have already made the payment using the challan , please don't worry because this mistake has no financi...
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  • July 5, 2016
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Raghuram Gupta

Category : Income t..,
Solved
July 4, 2016 10:14 pm
  • Income tax
I saw your mostly all videos but always you are filling one Lac. rs. under 80C where it has become one lac and fifty thousand.
Anyway,
My question is:
I have one policy rs. 12000
FD rs. 1,00000
so, I'm showing 1,12000.00 amount under 80C.

BUT
PF - is showing 29244.00

So, please clear my doubt where (i.e. u...
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Amlan Dutta
Just because 80 C limit stands enhanced to 1.5 lakhs doesn't mean that i must show 1.5 lakhs in my examples

I can only show what i have invested ...if i have invested 30,000 rs , i can only show 30,000 rs no matter whether the section limits stands enhanced to 1 lakh or 1.5 lakhs

While watching the ...
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  • July 5, 2016
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Aman Sandhu

Category : Income t..,
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July 4, 2016 8:12 pm
  • Income tax
Hello Sir,
I worked for a company for 4 years till 31-03-2014. i left job due to bad condition of company. After that i joined a new company in Jan 2015.In March 2015 i applied for PF withdrawal of previous employer and PF amount 80K received in Apr 2015, no TDS deduction in payment (May be Form 15G...
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Amlan Dutta
If you are withdrawing PF before 5 continuous years, then it becomes taxable
In your case , it will be taxable

Not only this , all the years for which you claimed deduction benefit under 80 C will also get added as income in the current year

Of the PF amount 80 k , calculate payment received by ...
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  • July 5, 2016
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Snehal Salvi

Category : Income t..,
Solved
July 4, 2016 6:14 pm
  • Income tax
Hi Amlan,

Thanks for your replies on my first post.
I am having another query.

My brother was deputed to Brazil for 2 months in last FY 2015-16,his Indian salary was still coming into his salary account and he got per day allowances for Brazil.

Do we need to show anything which he earned abroad as a p...
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Amlan Dutta
This is far more complicated than you think ...first figure out tax residential status for AY 2016 17 which i assume is a resident based on what you write ...
Now for a resident , since global income is taxable , so both foreign income ( brazil income) and indian income will fall under his scope of ...
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  • July 5, 2016
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Snehal Salvi
Thanks ,I will try to explore more about this. or will get back to you if I stuck somewhere.
  • July 5, 2016
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