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Shubham Bauskar

Category : Income t..,
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July 4, 2018 1:53 am
  • Income tax
Sir , i watched your video how to file itr of pensioner in that you said there are no allownses for pensioners. One of my relative got retired he said he get da(dearness allowance) in pension also. He was working as a teacher so he get salary for 8 month and 4 month pension in this is year.. i know ...
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Amlan Dutta
Normally pension is credited directly without breakup ...if it has breakup of basic pension and dearness allowance , then to salary basic add pension basic and offer it against combined salary ..likewise to salary non exempt allowances add pension dearness allowance and offer it against non exempt a...
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  • July 4, 2018
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Shubham Bauskar
Thank you.. but what if i don't know breakup for pension..? Is there any problem if i combine whole pension with salary without breaking
  • July 4, 2018
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Rakesh Kumar Tatawat

Category : How to s..,
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July 3, 2018 11:16 pm
  • How to show salary arrears in return
Dear sir,
I have received an amount of 3,32,121.00 as arrear in FY 2017-18.
my basic of FY 2017-18 was 351840.
Salary as per provisions contained in sec.17(1) = 1486160
Value of perquisites u/s 17(2) = 135377
Value of perquisites u/s 17(2) = 46800
Deductions under Chapter VI-A (80C) = 150000
Relief under ...
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Amlan Dutta
How can i provide your salary breakup ....A easier way is - Look at your form 16 for guidance .....the form 16 should be depicting gross including the arrears that you have received ...for the arrears , figure out basic pay and add to that the basic pay of the current year ...put this in salary ......
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  • November 27, 2018
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JK Jain

Category : 44ADA ( ..,
Solved
July 3, 2018 10:16 pm
  • 44ADA ( Profession)
Dear Amlan, My wife teaches students in home part time in paintling and sewing and earn approx. 1.20 lac per year. She has been filing income tax return for last 10 year. She filed ITR4 S last year (AY 17-18) under professional category ADA under code" 0607- Professionals others" and IT deparrment c...
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Amlan Dutta
I don't agree to the opinion that she can select presumptive taxation under 44ADA because she does not fall in the eligible list of professions..Here is the list of eligible Persons engaged in any of the following professions:
(i) Legal
(ii) Medical
(iii)Engineering
(iv)Architecture
(v)Accountancy
(vi)Te...
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  • July 4, 2018
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Mahipati Kulkarni

Category : Intimati..,
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July 3, 2018 7:09 pm
  • Intimation Notice under 143(1)a
Dear Sir,
I have received as email from income tax department saying 'communication on proposed adjustment u/s 143(1)(a) from the Income Tax Department, Centralized Processing Center (CPC) with respect to the return of income filed by you'. I fully agree with the notice and i need to pay tax.
Please ...
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Amlan Dutta
Since the department has assessed the nature of payment is of regular assessment , so you will select code 400 for tax on regular assessment. Self assessment is when assesse himself while filing tax return figures out tax liability by self and meets it ......
  • July 4, 2018
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