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Snehal Salvi

Category : Income t..,
Solved
June 30, 2016 2:04 pm
  • Income tax
Hi Amlan,

I worked for 2 companies in last FY 2015-16.

I joined my new company in Jan 2016.My new company didn't asked for any investment proofs.So I couldn't submit my rent receipts.
I didn't received HRA exemption.

I came to know after some searching that I can declare it while filing tax under sectio...
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Snehal Salvi
Also since I was getting HRA in salary but I couldn't submitted receipts, can I directly deduct the HRA amount based on HRA calculator's calculation for that specific period from my gross income?please advise.
  • July 1, 2016
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Snehal Salvi
thanks alot Amlan
  • July 4, 2016
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santhosh kumar

Category : Income t..,
Solved
June 29, 2016 8:39 pm
  • Income tax
Hi Amlan,

I have couple of questions. I am salaried person(9 LPA) and also Agent in insurance company. Also i have earned 2000 /- as short term capital gains in equity segment. I received 37500/- as insurance commission. After some research i decided to file ITR4. So my questions are
1) Am i corr...
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Amlan Dutta
Your scope of total income is from salary and other sources ( insurance agent ) .....you can therefore represent your scope of taxable income using ITR 1 itself
Now,let me answer your questions

1.) You can use ITR 1 and declare agent income under income from other sources .TDS deducted under 194 D a...
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  • June 29, 2016
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TSHERING NAMGYAL WANGDI

Category : Income t..,
Solved
June 29, 2016 2:49 am
  • Income tax
Dear Amlan,
Hope this finds you in good health. I had seen your facebook profile and had registered in this site. What I wanted to know is where to show the professional taxes deducted at source in the ITR's by employer as it is not showing up in Form 26AS for the previous financial year
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Amlan Dutta
What you say doesn't make any sense ....salary TDS is deducted under section 192 whereas professional TDS is under section 194 J ...are you deriving income from both salary as well as profession .....if yes , then what you would say will make sense ...if no and simply from salary take up with your d...
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  • July 3, 2016
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TSHERING NAMGYAL WANGDI
Yes, I am deriving income from both salary as well as profession. Income as per Section 192 + Income as per Section 194J. Would you like to have a look at my tds certificates + 26as + salary statement ?
  • July 3, 2016
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Narendra Sharma

Category : Income t..,
Solved
June 28, 2016 3:35 pm
  • Income tax
Hello Amlan,

1. In ITR-4S is it necessary to fill "E 10. Amount of the Cash Balance" under Financial Particulars of the Business ?

2. Can I show 45% of gross turnover as presumptive income in ITR-4S under section 44AD, instead of 8% ?
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Amlan Dutta
1.) If you fill , it's good

2.) Minimum 8 % is required to be declared which means that you can declare anything more as well ......
Hope that clears your issue.
  • June 29, 2016
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Narendra Sharma
Regarding the 1st point, will they accept my ITR if I leave that item empty? Actually my savings account has a high balance, almost twice the gross receipts in the last financial year.
  • June 29, 2016
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