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ELANGO

Category : TDS..,
Solved
May 22, 2018 1:54 pm
  • TDS
I am a Teacher working in govt. school in TN. We gets TDS returns filed every quarter by a private computer centre for all TDS deducted on salaries of all teachers and non- teaching staffs

1. Cannot we do this TDS deduction filling by ourselves?if yes please help... by video.
2. How to download Fo...
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Amlan Dutta
No you cannot ( you may refer my friends tutorial for tds filing ) you cannot login and download tds certificate ... only deductor can login and generate tds certificates ( facility not available to deductee ).....
  • May 22, 2018
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Manjit kumar

Category : INCOME H..,
Solved
May 21, 2018 11:38 pm
  • INCOME HEAD - BUSINESS PROFESSION
Sir mai ye janna chahta hu ki gst to july 2017 me lagu hua but uske pehle yani april to june ka sale bhi add karke itr 4 me dikhana parega kya ?
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Amlan Dutta
The financial year 2017 18 for which income is being assessed is from 1st April 2018 to 31st March 2018 ...it is absolutely immaterial that GST was introduced in July 2017 ...what difference does it make ...Does it mean that the sales from April to July resulted in no income ... ...
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  • May 22, 2018
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SOUMYA GOSWAMI

Category : Income t..,
Solved
May 21, 2018 10:10 pm
  • Income tax
Sir I opened a rd on october 2017 and closed it prematurely on april 2018, so all the interest was debited as branch penalty so my interest income is 0.do i need to show the accrued interest for this rd for fy 17-18???
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Amlan Dutta
Check your 26 as for accrued interest ...this has to be offered for income ...no matter whether you closed it prematurely or whether the bank applied penalty , the interest income from Recurring deposit is totally taxable ...also the bank must have deducted TDS on it ....you can claim benefit of t...
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  • May 21, 2018
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Amlan Dutta
Offer the interest income as income from other sources since RD interest is not exempt...taxability shall be as per slabs......if you fall below threshold slabs , no tax will apply else tax will levy as per whatever slabs you fall into
  • May 22, 2018
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jayanti darji

Category : Communic..,
Solved
May 20, 2018 7:28 pm
  • Communication of proposed adjustment u/s 143(1)(a)(vi)
I have received a communication from cpc. In the error description it is mentioned that there is inconsistency between Other
Source income in return and Form 26AS.
Rs.10772 received is interest from L&T bond and 10% tax is already paid. How to reply.
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Amlan Dutta
This is basically communication of proposed adjustment of income under 143(1)(a).


In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return

For this , ...
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This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15 days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4
This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15 days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4 +3
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  • May 21, 2018
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