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siddharth parmar

Category : Income t..,
Solved
July 23, 2016 6:13 pm
  • Income tax
i am salaried in government sector.
my wife had left job and housewife for 2 yrs after delivery of baby. she has 1 lac rupess in her saving account, and i deposited 2 lac by cheque in her saving account. now she made fixed deposit of all 3 lac. interest certificate of them shows 14782 rs for fin yr ...
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Amlan Dutta
Whatever money you deposited in her account , interest accrued will be treated as your's only ....most people do this stupid thing ....you will show interest income from those 2 lakhs as your income ...wife will show income from only her portion i.e 1 lakh rs ....she will however take credit of all ...
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  • December 31, 2016
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Rukmesh Gupta

Category : Income t..,
Solved
July 23, 2016 9:55 am
  • Income tax
Hello Sir,

Your videos are excellent and provide in depth knowledge on the subject. Thanks a lot for the knowledge you are spreading.

Till last year, I have been taking help from CA to file my returns. But after watching your videos, i decided to file returns by my self and have some very basic doubts...
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Amlan Dutta
1.) Yes ITR 1 since income is from salary and interest ( other sources )...her CA is a illiterate idiot ...get rid of him/her at the earliest

2.) HUF is a separate person ...it will file it's return just like a individual person does ...the HUF can file as per return filing due dates and belated date...
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  • December 31, 2016
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Abhijeet Jain

Category : DTAA..,
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July 22, 2016 2:05 am
  • DTAA
Hello Amlan,Please tell me what relief an individual can get, if he received salary for 3 months in USA, according to DTAA between USA and India and under what section he will show relief, whether under section 90 or 90A? And i also want to know how to convert salary received in US dollar into India...
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Amlan Dutta
Tax relief is by deduction method ...since agreement exists , you use section 90 but since this is deduction method , you reduce from the foreign income amount of taxes paid overseas while declaring foreign income ...Computation of income and taxes paid in rs is done by multiplying exchange rate at ...
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  • December 31, 2016
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Abhishek Kumar

Category : Income t..,
Solved
July 21, 2016 5:55 pm
  • Income tax
Hello Amlan,

For declaring a house property in ITR-2, (6 months self occupied & 6 month Let-out) , does it come under Deemed Let-out scenario ?? or I have to declare let-out & self occupied separately for the same property ?
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Amlan Dutta
A property let out for part of the year will be treated as if it is let out for whole of the year !
  • July 21, 2016
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