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MEHUL T

Category : Filing I..,
Solved
June 26, 2018 12:07 am
  • Filing Issues
kindly help me this error which state 'total deduction under chapter VI A can not exceed GTI'
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Amlan Dutta
Basically what it means is that if you are showing income of 100 rs , you cannot claim deduction benefit of anything over 100 ...apparently your GTI ( Gross total income ) is less than the deduction benefit you are trying to claim...correct that and you shall be okay
  • June 26, 2018
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Deepak Thakur

Category : TDS Cred..,
Solved
June 25, 2018 10:06 pm
  • TDS Credit
Amlan Sir my form 16 and form 26AS are showing the same amt of deduction of TDS made by my employer, but when I am filling the TAX DETAILS in (Sch TDS -1 [TDS deducted from Salary [As per form 16 issued by employer ]) in the ITR-1 it shows me pre-filled details of TDS in all the column .

Here, th...
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Amlan Dutta
The 26 AS fills the gross figures based on total amount paid/credited but the whole amount is not chargeable to tax based on eligible exemptions/ deductions available to salary head. Therefore, you are required to edit it and fill the chargeable income i. same income that you offer for tax in the in...
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  • June 26, 2018
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Pradeep Jain

Category : Taxabili..,
Solved
June 25, 2018 9:12 pm
  • Taxability of Interest Income
Is the post office interest income exempt upto rs 7500/- under section 10(15) of IT act for senior citizens and if yes how to claim this exemption .
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Amlan Dutta
If you are talking of post office saving interest, then you get deduction benefit of lesser of saving interest or 10,000 Rs under section 80TTA....if any other interest, it is all taxable ...In both cases income has to be first offered under income from other sources and then benefit taken under ...
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  • June 26, 2018
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BIDHAN ROY

Category : Return s..,
Solved
June 25, 2018 2:23 pm
  • Return signing capacity
Sir,
I have a question that at the end of my ITR 1 where need declaration , by mistake I wrote "Myself" instead of "Individual". So I want to Know that is this mistake effects on my filled ITR 1?
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Amlan Dutta
Now, they have introduced a drop down prompting to select between self and representative ...

basically , self means person filing return by himself /herself and representative means when one gets return filed by tax return preparer ..Since you are filing return by yourself , you shall be selectin...
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  • November 27, 2018
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