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Girija Kumar

Category : 44ADA ( ..,
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July 2, 2018 5:03 pm
  • 44ADA ( Profession)
Hi Amlan,

Great work in helping out so many ppl. God bless!

I have income from software development consultancy/contract, transferred to my Indian bank account, for work done from India, for a couple of companies abroad.
Can I use file ITR-4 (formerly ITR 4S) for filing my returns under Sec 44ADA...
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Amlan Dutta
Yes, eligibility of specified professions does include technical consultancy and so you are eligible to claim presumptive benefit under section 44ADA to show 50% of gross receipts as income only...i believe that you already are aware of how to file presumptive return ITR 4..just keep in mind that f...
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  • July 2, 2018
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Girija Kumar
Can you please provide reference to an example if you don' t mind. Would like to verify if what I did is correct.
  • July 2, 2018
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Hemen

Category : 80DDB - ..,
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July 2, 2018 11:39 am
  • 80DDB - Medical Treatment of specified disease
Dear Amlan
i have two questions from two different category

Q1:-Few month back one of my colleague’s father has died due to lungs cancer. If he want to claim the deduction u/s 80 DDB, how and where he have to submit required Doctor's certificate. Is it online or offline? Kindly let me know the p...
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Hemen
....Tax, how you upgrd yourself daily, How we can also learn tax etc.
  • July 3, 2018
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Hemen
I have been watching your video since 2015. Ya I know, If I am remember correctly then 1 or 2 years before first time you had mentioned about your book in one of your video, but after that no news. last year I had sent a mail to you asking about the book. I am eagerly waiting for your book.
  • July 3, 2018
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chandanchandra

Category : TAXABILI..,
Solved
July 2, 2018 2:26 am
  • TAXABILITY OF SALARY ALLOWANCES
How to show Exempt medical reimbursement in ITR1 online
( Exempt medical reimbursement which has been done away with from AY2019-20 ( 15000 max based on receipts).Which section it comes under. Is it Section 10?

Also how to show telephone allowance
(In my form 16 , it is all clubbed as exempt unde...
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Amlan Dutta
Medical allowance if given is fully taxable , however medical reimbursement is tax free under 17(2) till 15,000 rs ....You can take a second opinion , i won't be replying any further to this
  • July 2, 2018
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chandanchandra
Many thanks for the prompt reply....
  • July 2, 2018
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Sai K

Category : TDS Cred..,
Solved
July 2, 2018 1:56 am
  • TDS Credit
Hi Amlan, All,
I am filling ITR-2 (TDS schedule 2). I am claiming the tax credit as per my Form 26AS.

I see that the structure slightly differs from that of ITR-1's TDS Schedule-2. Need quick help on the right way of filling this sub-section

TDS credit in the name of : self
"Tax Deduction ...
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Amlan Dutta
This is basically a question of being able to take tax credit on account of deducted TDS and i see your confusion just lingers over claiming of tax credit in own hands ...
Since you have figures of TDS , i will use your own figures .... ...
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This is basically a question of being able to take tax credit on account of deducted TDS and i see your confusion just lingers over claiming of tax credit in own hands ... <br /> Since you have figures of TDS , i will use your own figures .... <br />Total amount credited: 9000 <br />Name of deductor: ABC Bank <br />Tan: HYDB01657F <br />Total Tax Deducted: 1030 <br />Total TDS deposited: 1030 <br /> <br />(Check attached ITR sheet for how to depict these , i changed TAN because that is invalid number) <br /> TDS credit in the name of : self <br /> TAN of bank - HYDB01657F<br />Name of Deductor : ABC bank <br />Deducted in own hands Col (7) : 1030<br />Claimed in own hands Col (9)" : 1030 ( here , you may decide not to claim credit and rather carry forward a part of the credit and therefore this option ...you must claim deducted TDS totally for tax credit and therefore this option. Now when you see Tax paid and verification you will see the credit reflect else the deducted TDS wont appear there unless you show it being claimed in your hands.
This is basically a question of being able to take tax credit on account of deducted TDS and i see your confusion just lingers over claiming of tax credit in own hands ... <br /> Since you have figures of TDS , i will use your own figures .... <br />Total amount credited: 9000 <br />Name of deductor: ABC Bank <br />Tan: HYDB01657F <br />Total Tax Deducted: 1030 <br />Total TDS deposited: 1030 <br /> <br />(Check attached ITR sheet for how to depict these , i changed TAN because that is invalid number) <br /> TDS credit in the name of : self <br /> TAN of bank - HYDB01657F<br />Name of Deductor : ABC bank <br />Deducted in own hands Col (7) : 1030<br />Claimed in own hands Col (9)" : 1030 ( here , you may decide not to claim credit and rather carry forward a part of the credit and therefore this option ...you must claim deducted TDS totally for tax credit and therefore this option. Now when you see Tax paid and verification you will see the credit reflect else the deducted TDS wont appear there unless you show it being claimed in your hands. +2
  • July 2, 2018
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Sai K
Thank you Amlan..


All, for your information -
I also found an old related video (by Amlan). For the benefit of others, here is the link: https://www.youtube.com/watch?v=S6OSkplYmO8
YouTube
  • July 2, 2018
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