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SANJEEV KUMAR SRIVASTAVA

Category : Tax bene..,
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June 23, 2018 1:07 pm
  • Tax benefit for prepossession loan repayment
My wife has booked a flat in NOIDA in December 2014. We have not get possession of the flat till now. It is expected in March, 2019.

She is not getting tax rebate since 2014 because the flat is under construction.

You are requested to please elaborate me that how can she claim the benefit of the h...
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Amlan Dutta
Since you shall get possession in March 2019 ( FY 2018 19 ) , you can start claiming benefit of under construction loan interest only starting FY 2018 - 19 . Whatever home loan interest , you have paid in the prepossession period , you can claim it 1/5th each year starting 2018 19 on wards along ...
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  • June 23, 2018
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PARTHA SARATHI MAJEE

Category : 80EE - I..,
Solved
June 22, 2018 10:59 am
  • 80EE - Interest on loan taken for residential House property
Amlan sir I have some query here is my query
1.In which circumstance I can show home loan interest u/s 80EE and how? can I show it under the head house property interest payable under borrowed capital in spite of 80EE.Whether this 80EE deduction is only for claiming interest over borrowed capital ie...
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Amlan Dutta
The eligibility of 80 EE is that you must have no other house in your name , the house price is below 50 lakhs , the loan is below 35 lakhs and the loan is sanctioned after FY 2016 17 ...Now, If home loan interest repayment exceeds 2 lakhs ...i.e say it is 2.6 lakhs , then you can use the 80 EE dedu...
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  • June 22, 2018
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Krishna Priyadarshi

Category : Exempt I..,
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June 22, 2018 2:31 am
  • Exempt Income
Hi Amlan,

I was going through your video. I have few questions. I have permanently moved out of country in May 2017

For FY 2017-2018 I have salary income of April and Half May.
I have got my Gratuity, worked for my comany for 9.5 years (I saw one of your video on how to declare it in exempt)
I ha...
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Amlan Dutta
For AY 2017 18 , NRI cannot use ITR 1 ...so you will have to use ITR 2 and fill the exempt income schedule for gratuity and PF .....In PF , you will put the entire corpus received and not just the interest portion
  • June 22, 2018
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sunil kumar garg

Category : Interest..,
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June 21, 2018 7:56 pm
  • Interest TDS (U/s 194 A) (10%)
2 fd yearly basis in sbi bank . 1 fd mature on august and other on december....
continue from 2012 on yearly basis.
i always deposit 15g in april of every year.
so i assure that no tds will deduct on my fd. so i ignore bank statements.


but when i see my 26 as .in fy 2017-18 and in fy 2016-17 there is ...
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Amlan Dutta
1. Why bank deduct tds inspite of deposited 15 g. is bank responsible for my tds.
- Bank should not have , you should meet the manager and discuss

2. Can i claim tds fy 2017-18 and 2016 -17
-For FY 2017 18 , yes you can claim back deducted TDS ( watch tutorial)

-for FY 2016 17 since belated per...
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  • June 22, 2018
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