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swapnil Raikar

Category : Income t..,
Solved
May 19, 2018 3:56 am
  • Income tax
I am filling ITR for the first time. But it came to my notice that you can't file return for AY 17-18 after 31st March 2018. So how do I file now.is there any process to file.M taxable income is 186296(from salary). is it necessary for me to file. And can I file now.
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Amlan Dutta
For individuals , if gross total income is below threshold levels, then it is not compulsory to file return of income ....assuming you are a non senior resident individual , the threshold was 2.5 lakhs for AY 2017 18 ...since your gross income appears to be below this figure , you are not required t...
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  • May 19, 2018
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Upasana

Category : Rectific..,
Solved
May 19, 2018 1:36 am
  • Rectification u/s 154
I forgot to submit form 10E for AY 2017-18 for seeking arrear relief under section 89 . Intimation was received in april 2018 in which relief u/s 89 was not allowed and demand was raised. I have filed form 10E and filed for rectification of intimation u/s 154. Since date for filing belated returns ...
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Amlan Dutta
You have already raised rectification request ...it shall be considered and shortly you shall get a communication in this regard ...post considering the arrear relief , they shall then issue final assessment order ......this is what i feel ...you can always meet the assessing officer and take his/he...
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  • May 19, 2018
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ELANGO

Category : Filing I..,
Solved
May 18, 2018 7:15 pm
  • Filing Issues
i am state govt. employee in service and getting 17 days EARNED LEAVE per year and if I get the benefit of 15 days salary ( pay + DA + HRA + etc.) by surrendering 15 days in my EARNED LEAVE account.

1. How to show this surrender salary ( pay + DA + HRA) in ITR-1?
2. Do I have to combine th...
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Amlan Dutta
Point 3 makes sense ...pay means simply basic , rest all are allowances But earned leave normally will never contain HRA and other allowances ...it is merely basic and DA ...but why to do this approach ...follow the video and have form 16 with you ...subtract from gross , salar...
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  • May 18, 2018
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M S Banerjee

Category : Taxation..,
Solved
May 17, 2018 5:42 pm
  • Taxation of SIP
I have some mutual fund (equity funds and debt fund) investments in the form of sip(monthly) in F.Y. 2017-18.My question is which itr form I have to submit and where it will be shown?Please help.
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M S Banerjee
This has reference to my email dt.17.05.18 where you have replied my query.Thanks a lot. So I confirmed that this is not necessary to show the mutual fund investments(other than ELSS) in Itr 1 or 2.Am I correct?
  • May 18, 2018
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Amlan Dutta
Yes you are not required to show investment unless it is ELSS ...if ELSS than investment can be shown under 80C .....
  • May 18, 2018
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