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TRIPATI SAHU

Category : Income t..,
Solved
June 24, 2018 7:44 pm
  • Income tax
Sir ,
I filled income tax return of the fy2016-17 on 25nov 207. I made a mistake in it
I filled a revised return on the same day is on 25 Nov 2017 . But I forgot to mention the bank interest in the revised return also.
Now I got notice u/s143(1) to adjustment of bank interest of 3304 rs. The original ...
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Amlan Dutta
No matter how many times you revise the return , you will provide the original return acknowledgement number and date only ...that is why the filed clearly writes original return acknowledgement number and date ....,so the scheme of things may be original return filed first, then the revised return ...
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  • June 25, 2018
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Hanuman Ram

Category : Income t..,
Solved
June 24, 2018 5:48 pm
  • Income tax
My question that form 26 AS TDS show is 504 rupees but income tax refund application TDS column automatically show 410 rupees. Sir My questions that which amount will be fill up in income tax return application....? Any other solutions plz sir.
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Amlan Dutta
You fill the ITR based on income from form 16 and seek TDS credit from 26 as ..as of now , your understanding is pretty limited and so whatever i write may not make any sense ...first understand as much as possible the subject ...then your questions will improve and your understanding of my answers...
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  • June 24, 2018
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Sachin Jain

Category : TAXABILI..,
Solved
June 24, 2018 5:12 pm
  • TAXABILITY OF SALARY ALLOWANCES
How do i show Telephone allowance under exempted income for reporting ? I mean which field I should use from the drop down ?
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Amlan Dutta
If you are getting telephone allowance , then it is totally taxable ...however if you are getting reimbursement for submitted bills , then it is exempt...since you are talking of telephone allowance , i would rather state that it is non exempt ...other than those permissible allowances which are lis...
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  • June 24, 2018
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Sachin Jain
Yes, I have submitted the bills for the same to the employer. I don't see entry for Medical allowance and I see your reply in other post it could be claimed in other category. So any item not listed can be claimed as other category.
  • June 24, 2018
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DIPAYAN

Category : Exempt L..,
Solved
June 24, 2018 4:21 pm
  • Exempt LTCG u/s 10(38)
After 12 month if i redeem all equity basis sip then will it be call long term capital gain ? if yes then can i show the profit amount to the column of 10(38) long term capital gain ?

Or will i show it using "any other" field of exempt income reporting section of ITR 1 as shown in one of your vid...
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Amlan Dutta
As long as one doesn't redeem(sell) the units , there is no gains and no question of taxation ...Presently , you should know that at present long-term capital gains (LTCG) on non-tax saving equity funds only uptil Rs 1 lakh are tax-free in your hands. LTCG in excess of Rs 1 lakh is taxed at the ra...
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  • June 24, 2018
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DIPAYAN
thank you very much.
  • June 24, 2018
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