Categories
Normal Grid Pagination Scroll
Mahendrakumar Kolhe

Category : Deemed l..,
Solved
August 10, 2018 6:25 pm
  • Deemed let out property
Hi Amlan, FY 2016-17 I have salary income and 2 housing loans for 2 housing properties hence I Filled ITR2. In FY 2016-17 I completely paid off 1 housing loan. In FY 2017-18 I have only salary income and 1 house property loan. Question - Is it necessary to show deemed let out property even if you do...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You can show any house as self occupied ...so assuming that the property that you have paid off loan for is self occupied , there is no income generated from this property ...all other properties shall be let out or deemed let out ...at this point there is just one property under consideration so yo...
View More
  • August 15, 2018
  • LikeLike
  • Select as Answer
MOHAMMEDYASIN

Category : Home loa..,
Solved
August 10, 2018 6:13 pm
  • Home loan interest benefit under 80 EE
suppose i purchase new property apx. 25 lecs (new residential house).september 2018 my home loan senssion apx.15 lacs aug 2018
so, where i display principal amount of loan and interest its like borrowed purchase or 80EE in FY2019-20
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Interest under 24(b) while showing income from house property and principal can be claimed in 80 C ........I am assuming that the house is under possession ....80 EE cannot be used if any other section is being used ....in this case since 24(b) is being used for interest benefit , so you cannot use...
View More
  • August 15, 2018
  • LikeLike
  • Select as Answer
ADITYA MAHATO

Category : Tax Comp..,
Solved
August 10, 2018 1:25 am
  • Tax Computation
sir
My total chargeable salary income ( i.e B1 vi=i+ii-v) as per Form 16 is more than auto generated tax details section of employer though it matches with figure of 26AS so which one should i put on this section? since tax deduction figure not being changed even after putting the different figure.
th...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
For showing income,you will put chargeable income as per form 16 in the income schedule..let the return compute tax ....you will take tax credit as per deducted TDS appearing in 26 as . please draft questions properly next time around ...if the answer doesn't make sense it is because the question i...
View More
  • August 15, 2018
  • LikeLike
  • Select as Answer
ADITYA MAHATO

Category : Rebate u..,
Solved
August 10, 2018 1:13 am
  • Rebate under section 87 A
sir
What is rebate under 87A?
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
This rebate is applicable to resident assesse whose total income is not more than Rs 3,50,000( For FY 2017 18 ) . The rebate is provided as a deduction from the total tax liability incurred by the assessee to the extent of lower of 2500 or tax payable whichever is less ...
  • August 15, 2018
  • LikeLike
  • Select as Answer