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Kishor Bhoi

Category : Property..,
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August 27, 2018 1:54 pm
  • Property TDS( U/s 194 IA)
Hi Amlan, I have purchased under construction property which is above 50lac. I have paid TDS through form26qb for initial few demands, which was not exact 1% of the demand. So I have paid some excess amount which is showing in FORM26 Part A2. I had contacted Income Tax Dept, they informed me this ex...
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Amlan Dutta
The TDS is the to credit of the seller( deductor) and not yourself deductee...say on 100 rs you were supposed to deduct 1 rs and now you have deducted 2 rs , what it means is that the seller has now 2 rs to his TDS credit ...if sellers liability is 1 rs based on his income liability , he can seek re...
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  • August 29, 2018
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Mallikarjuna

Category : Income f..,
Solved
August 26, 2018 8:14 am
  • Income from Self occupied property
GM, self bought a flat in chennai in Oct14 and took the possession in Aug 17..
Want to know...

1. pre construction period for interest calculations.
2. Self working in private sector & staying in Bangalore claiming HRA in tax rebate. can i show my flat as a self occupied since my mother and father stay...
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Amlan Dutta
1.) During this period October 2014 to August 2017 - this is the pre construction period .....starting FY 2017 18, you can claim loan interest in 5 equal installments under 24(b)

2.) Yes , you can show ....i don't understand why people mix income from house property and salary (HRA), i guess they ha...
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  • August 26, 2018
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Supriya Chakraborty

Category : How to f..,
Solved
August 26, 2018 1:06 am
  • How to fill Salary breakup in ITR 1
Hi Amlan,

You are doing a great work. Thanks for helping.

This year I am filling two form 16 as I have changed my employer.

I have a query related to deduction under Less: Allowance to the extent exempt u/s 10.

In one form 16 it is 20,961.74 (Conveyance 11,767.74, Medical 9,194.00) and in an...
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Amlan Dutta
what is the 8000 for the other firm for ...the total medical reimbursement permitted is 15,000 and for conveyance is 19200 ...if these limits individually is not crossed , yes, you can claim the benefit
  • August 26, 2018
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Vishal

Category : Self ass..,
Solved
August 25, 2018 10:38 pm
  • Self assessment tax
I have paid self-assessment tax on 23-08-2018.It hasnt updated on 26as form.How much time will it take to update??
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Amlan Dutta
Usually 10-15 days ...you can claim TDS credit in this case ...because by the time the return gets processed the credit should start reflecting in your tax credit statement
  • August 25, 2018
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Vishal
Ok, i have filed my ITR.
  • August 25, 2018
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