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Mahendrakumar Kolhe

Category : Income t..,
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February 6, 2018 12:26 pm
  • Income tax
Hello. I have 2 home loan ac for 2 houses. last year I filed ITR2 for same with claiming loss from house property. This year as per the new budget norms loss from house property for all properties is capped at 2 lakh. My doubt is 1 home loan account is enough for me to show loss of -1.80 lakh. so Ca...
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Amlan Dutta
Please note that loss from not all house properties but SINGLE house ( single or let out ) is both capped at 2 lakh rupees!

If somebody has two houses , the maximum loss would be 2 lakh for each property i.e 4 lakh rupees

For a person having multiple houses, one house can be shown as self occupied ....
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  • February 6, 2018
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Mahendrakumar Kolhe

Category : Income t..,
Solved
February 1, 2018 6:32 pm
  • Income tax
Hi Amlan,

As per the new amendment long term capital gain shall get applied on Mutual funds and equity. My doubt's are,

1.I have 4-5 MF bought in 2009 and if I sold on 25th Jan 2018 then will 10% LTCG will be applicable? if yes how?

2.I have 4-5 MF bought in 2009 and if I sold on 25th FEB 2018 t...
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Amlan Dutta
Here are my observations,

1.I have 4-5 MF bought in 2009 and if I sold on 25th Jan 2018 then will 10% LTCG will be applicable? if yes how?

No, it won't be applied ...any LTCG before 31st Jan 2018 will be exempt.

2.I have 4-5 MF bought in 2009 and if I sold on 25th FEB 2018 then will 10% LTCG will be a...
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  • February 3, 2018
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Mahendrakumar Kolhe
Thanks for clarification
  • February 6, 2018
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Dilip dwivedi

Category : Income t..,
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February 1, 2018 1:17 am
  • Income tax
Can I show arrears money of 2015-16 in 2017-18 by 10E because my 10E form not accepted in 2016-17?????
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Amlan Dutta
Whichever year , you have received the arrears in , you are only entitled to show the arrears in that year alone and claim relief ( not other years).

I assume that you have received the arrears for 2015-16 in the year 2016-17 . So , you are entitled for benefit of arrears in year 2016-17 alone. If f...
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  • February 1, 2018
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PARTHA SARATHI MAJEE

Category : Income t..,
Solved
January 30, 2018 10:49 pm
  • Income tax
Sir, I am govt.employee I have invested 150000 iu/s 80c ie in PPF excluding my cpf deduction deducted from my sallary ie 49761 in this FY 2017-18.So,may I claim additional deduction over the cealing of 150000 u/s 80ccd(1b) as this amount 49761 is 10% of my basic+da? In this situation is there any ne...
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Amlan Dutta
You cannot claim additional deduction benefit of this 49761 Rs...However yes , you can invest in NPS Tier 1 and claim deduction benefit of 50,000 Rs over and above 80 C saving of 1.5 lakhs.
  • February 1, 2018
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