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Vikas Agarwal

Category : Mutual F..,
Solved
July 22, 2018 7:38 pm
  • Mutual Funds
Hi Amlan, in ITR 1 can we show short term gain on STP (from debt to equity/balanced) of mutual funds? As far as I can understand, since it is debt MF which is sold in this case, it does not attract Security Transaction Tax and in turn it is not eligible for 15% STCG taxation. So, when it comes under...
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Amlan Dutta
Since , gains from mutual fund is considered as capital gains, so you won't be able to use the ITR 1 return and have to reflect this using capital gains schedule available only in ITR 2 and other returns ...
  • July 23, 2018
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manoj

Category : 44ADA ( ..,
Solved
July 22, 2018 6:53 pm
  • 44ADA ( Profession)
I am a contract employee previously i mention that my other income are fd,pension, mf can i use itr4 and 44ada section. My total financial year income 247486 rs
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Amlan Dutta
You won'be able to use ITR 4 , but you can use ITR 3 since you have income from capital gains
  • July 22, 2018
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lakhwinder singh

Category : 80CCD(2)..,
Solved
July 22, 2018 6:29 pm
  • 80CCD(2) - Employer contribution towards NPS
sir,
in my IT register which i have downloaded from my HRMS account is not showing employer's contribution towards my gross salary.(screen shot attached) and also not shown in form 16.(screen shot attached). employer's contribution has been showing in NPS annual statement.
while filling itr should i...
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Amlan Dutta
If it is not showing in payslips , form 16 etc ...it reflects employer didn't consider it for salary accounting purpose ...better to ignore it because anyways you will add and subtract it ...now , you will do nothing just to adhere to what the form 16 prescribes
  • July 22, 2018
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Amit

Category : Income t..,
Solved
July 22, 2018 6:25 pm
  • Income tax
Hello Amlan,
my company pays Rs 8000 salary of driver in my account after deducting the 2% TDS which they have given separate form 16 A under deduction 194 C.

do i need to show this amount of Rs. 96,000 on account of salary paid by me to driver and received in my account towards driver by virtue of ...
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Amlan Dutta
You will show this income as income from other sources and take credit of 2 % TDS and shall be liable to pay taxes as per slabs on this amount .....
  • July 22, 2018
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