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Sourav Halder

Category : Income t..,
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June 27, 2016 6:12 pm
  • Income tax
Hi Amlan, My mother is an agent of post office and LIC. Upto last year i.e. AY 2015-16 she filed her ITR through a consultancy. I have seen from her online income tax account that the person of consultancy filed her last year ITR using ITR 4S. It was accepted and the refund of TDS was d...
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Amlan Dutta
I may have created many tutorials in the past some of which were updated to the extent of the knowledge i then possessed.

Surely, agent income cannot be treated as business income , so ITR 4S is out of question
Now , with my recent understanding the TDS on agent income plays a major role in determini...
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  • June 28, 2016
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bhagyesh mahajan

Category : Income t..,
Solved
June 23, 2016 6:05 pm
  • Income tax
How to show gift of gold from father (whose value is around 10 lacks) in the ITR
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Amlan Dutta
Since this is exempt income , it has to be reported in exempt income reporting section of the return ...In ITR 1 , there is no separate exempt income schedule and so it can be simply reported and in case you are using any different return to portray your scope of taxable income , then you can use th...
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  • June 24, 2016
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Hemen

Category : Income t..,
Solved
June 22, 2016 12:55 pm
  • Income tax
Hi Amlaan….

First of all Thank you Very much for your afford. It helps a lot. Since it is related to income tax and money, feel fear. Anyways , i want to ask something

… Case 1: Mera 2 saving account hai jisme se muje interest mil raha hai total 3000/-.

And MOD(MoD- Multi option Deposit off...
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Amlan Dutta
1.) Treating MOD as term deposit , you will show it under other sources and therefore under this head you will combine interest income for both savings and term deposit (MOD) and show 14050 Rs

And under 80 TTA which is for claiming deduction benefit for saving interest , you will surely claim be...
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  • June 22, 2016
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PRABIR PAUL

Category : Income t..,
Solved
June 21, 2016 7:42 pm
  • Income tax
As I am an employer what to do after receiving form 12BB with evidence from employees. I have to keep it in myself or I have to submit all form 12BB with evidence of all employees? If I(employer) have to submit form 12BB to Income tax department then how may I able to submit it to ITD. Is here any d...
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Amlan Dutta
This form 12 BB is to be submitted just so that the employer can deduct tax properly Earlier the form was not standardized. Now the form has been standard after 1st June 2016 and every employee is supposed to declare his income , savings etc in this form .
Employer is not supposed to submit etc thi...
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This form 12 BB is to be submitted just so that the employer can deduct tax properly Earlier the form was not standardized. Now the form has been standard after 1st June 2016 and every employee is supposed to declare his income , savings etc in this form .<br />Employer is not supposed to submit etc this form anything but at the end of the year , the employee is also required to submit proofs i.e Rent receipt in case HRA is availed , Tickets in case LTC is availed , premium receipts in case 80 C is availed .<br /><br />That is more of a routine exercise which was anyways earlier also done but perhaps not in a standardized manner .<br /><br />Note - Also , take guidance from people around you ...it's okay to ask me and i will reply with what i know of the subject but also ask and share with people around you .Typically we have all been bought up to conceal our knowledge and that is why you find yourself where you are ...If you are a employer and are asking me something your seniors should have informed you on ..it reveals a very sorry picture of where this country is heading ---more so because i am surprised by seeing at the lack of knowledge at the hands of people who are in the field.
  • June 22, 2016
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PRABIR PAUL
I know about form 12BB. But my question is after receiving form 12BB from employees I(employer) need to submit this form and evidence to Income Tax Department or just I have to keep this form and evidence with myself(employer)?
  • June 22, 2016
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