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Hema Latha

Category : Interest..,
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April 29, 2018 3:51 pm
  • Interest TDS (U/s 194 A) (10%)
Sir,
As per Form 26AS total interest amount is Rs 2588/-. But this amount is not being reflected in any of the two columns of deposit interest certificate i.e Int Paid and Int Accursed.

Which amount is to be added to the 'income from other sources' in ITR filing?
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Amlan Dutta
Please don't post repeat entries pertaining to same question .....in your case , 26 AS should refer to fixed deposit interest ( check with bank )....and statement interest entries that you see pertain to savings interest ...you will add both under income from other sources , however for savings inte...
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  • April 29, 2018
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Hema Latha

Category : Interest..,
Solved
April 29, 2018 3:34 pm
  • Interest TDS (U/s 194 A) (10%)
Hello sir, I got Interest Certificate on Deposits from Bank. It is showing two columns, one is Interest paid and one is Interest accural. Out of the two above said columns, which amount I need to show in "Income from other sources" column in ITR filing?
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Amlan Dutta
Interest accrued would be mostly Fixed deposit interest ...check with bank .....anyways , you will add both .......
  • April 29, 2018
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SOUMYA GOSWAMI

Category : Income t..,
Solved
April 29, 2018 1:48 pm
  • Income tax
Sir, in interest deposit certificates of my savings account two coloumns are there, one is interest paid and other is interest accrued. In 80TTA do i need to show the sum of these two or the paid one??
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Amlan Dutta
In 80 TTA ypu can stow details of only savings bank interest , and that shall be your interest paid ( accrued interest is for FD) on which 80 TTA benefit not available
  • April 29, 2018
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pvnr

Category : Communic..,
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April 28, 2018 11:05 pm
  • Communication of proposed adjustment u/s 143(1)(a)(vi)
Good Evening Sir, My friend submitted his ITR 2017-18 before 31.03.2018. He got a notice stating that variance of RS. 2941/- under 143(1)(a)vi. The amount is bank interest in 2016. Shall he submit revised return. I am herewith sending a copy. After adding the 2941 as other source of income it sho...
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Amlan Dutta
In this case since the adjustment proceedings are correct , you should be revising the return under section 139(5)...whatever extra taxes appear , first pay that using demand challan and then take credit in schedule IT to make tax liability nil before filing return ...in case you dont agree to the p...
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In this case since the adjustment proceedings are correct , you should be revising the return under section 139(5)...whatever extra taxes appear , first pay that using demand challan and then take credit in schedule IT to make tax liability nil before filing return ...in case you dont agree to the proposed adjustment , you mat watch this tutorial - https://www.youtube.com/watch?v=T2Bqgvbf6ds
YouTube
  • May 4, 2018
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pvnr
Thank you for your advise sir...
  • May 5, 2018
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