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swapnil verma

Category : 80 C Ded..,
Solved
June 4, 2018 2:24 pm
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
I'm a govt employee at post office. Where should I mention my GPF contribution in ITR 1.
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Amlan Dutta
You shall mention your GPF contribution under 80 C portion of tax return
You shall mention your GPF contribution under 80 C portion of tax return
  • June 4, 2018
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Krishna Kumar

Category : Exempt L..,
Solved
June 3, 2018 6:26 pm
  • Exempt LIC moneyback u/s 10(10 D)
I have a money back insurance policy from LIC in which i get Rs 25000/- in every four years. In Mar 2018, i received Rs 25000 from LIC. My policy maturing on 2023. I am Govt employee in 20% tax slab and filed ITR 1 previous year. Now, question arises , is this Rs 25000 is taxable OR if it is e...
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Amlan Dutta
If policy taken after 1st April 2012 and premium doesn't exceed 10% of sum assured , then the money back received shall be exempt under 10(10D ) ...

Say , if sum assured is 100 Rs ( just giving example), then the annual premium for a policy taken after 1st April 2012 must not exceed 10 Rs

Declare su...
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If policy taken after 1st April 2012 and premium doesn't exceed 10% of sum assured , then the money back received shall be exempt under 10(10D ) ...<br /><br />Say , if sum assured is 100 Rs ( just giving example), then the annual premium for a policy taken after 1st April 2012 must not exceed 10 Rs <br /><br />Declare such income in exempt income reporting section under section 10(10 D ) .......<br /><br /><br /><br />( if policy take before 1st April 2012 , then the premium must not exceed 20 % of the sum assured)...if the premium exceed the percentages mentioned above , the whole of the amount is taxable and to be offered as income under other sources!<br /><br /><br />Youtube link - https://www.youtube.com/watch?v=P1ANfXsSCeg If policy taken after 1st April 2012 and premium doesn't exceed 10% of sum assured , then the money back received shall be exempt under 10(10D ) ...<br /><br />Say , if sum assured is 100 Rs ( just giving example), then the annual premium for a policy taken after 1st April 2012 must not exceed 10 Rs <br /><br />Declare such income in exempt income reporting section under section 10(10 D ) .......<br /><br /><br /><br />( if policy take before 1st April 2012 , then the premium must not exceed 20 % of the sum assured)...if the premium exceed the percentages mentioned above , the whole of the amount is taxable and to be offered as income under other sources!<br /><br /><br />Youtube link - https://www.youtube.com/watch?v=P1ANfXsSCeg
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  • June 3, 2018
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Avik Dasgupta

Category : HOW TO F..,
Solved
June 3, 2018 12:48 pm
  • HOW TO FILE RETURNS
Dear Amlan,

Hope you are doing well.

I am your youtube video follower since 2015. Last year you did complete ITR file video with live session. It was very helpful. I am eagerly waiting for full ITR file video for this year also.

Now coming to my question. My father is ex railway employee and he get pen...
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Amlan Dutta
Not sure what is deduction in communication installment...pension can be offered under salary head and offered for tax.....check my tutorial on offering tax for pensioners
  • June 3, 2018
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NARENDRA RAWAT

Category : Income t..,
Solved
June 3, 2018 9:19 am
  • Income tax
Dear Sir

I am individual, live in delhi & teaching students from 9th to 12th standard full time.

My main Income source is Tuition fees , IN F.Y 17-18 Bank has deducted my TDS on F.D'S

I want to get refund my TDS by filling ITR, Please tell me which ITR form should I file to get refund. Which ITR ...
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Amlan Dutta
You will only get refund if your tax liability is less than deducted TDS ...you can file a ITR 3 and do refund filing ...........

Income from tution will be treated as professional income and interest income as income from other sources .....file accordingly ....you can watch my tutorial in this rega...
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  • June 3, 2018
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