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Sanjib Basak

Category : Selectio..,
Solved
July 14, 2018 5:55 pm
  • Selection of Return
A taxable person is filing the ITR 1 for FY 17-18.
He is received Rs 1 lakh from his current company being reimbursement for office expenses and repair work. How to show this amount in ITR1?
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Amlan Dutta
Check his form 16 and look at the section 10 exemptions to see whether any of the reimbursements qualify for any tax exemption u/section 10 ...fill return accordingly
  • July 14, 2018
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S K Bhutani

Category : TAX COMP..,
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July 14, 2018 4:28 pm
  • TAX COMPUTATION
Hi Amlan. I am having income from retainership/contractual income. Also I have income from shares and mutual funds(capital gains). So should I fill ITR 3? If yes, can you please help me with how to fill ITR 3 specifically for profession for AY 2018-19.
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AYUSH
Yes you can file itr3 for contractual income fill business profession head and for gain in shares fill capital gain head
  • July 14, 2018
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S K Bhutani
Thanks Ayush.
  • July 15, 2018
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BIBEK

Category : Taxabili..,
Solved
July 14, 2018 3:32 pm
  • Taxability of Family pension( U/s 57)
In ITR2, in the "Other Sources" schedule, where to put the value(amount) of family pension? I mean in which line?
Also, where should I make the entry of 15000 std. deduction (or 1/3rd, whichever is less) for family pension in ITR2?
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Amlan Dutta
I agree with Ayush's view ...you will show family pension under income from other sources considering standard deduction and this standard deduction has to be reported under exempt income reporting section
  • July 14, 2018
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BIBEK
In which line of "other sources" in ITR2 the family pension should be mentioned?
Should I mention the adjusted value after subtracting std. deduction from the family pension?
  • July 14, 2018
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Ankit shakya

Category : Arrear R..,
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July 14, 2018 12:30 pm
  • Arrear Relief under section 89
Sir 10 E form k table A me previous year me financial year padega ya assessment year
like mujhe FY 16-17 ka arrear FY17-18 mila hai to previous kya fill hoga...
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Amlan Dutta
Though , table shows up previous year , actually assessment year is expected
Though , table shows up previous year , actually assessment year is expected
  • August 31, 2018
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