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Satyabir Singh

Category : Tax impl..,
Solved
May 27, 2018 9:10 pm
  • Tax implication for NRI while buying property
I have booked an apartment worth 85L and paid 10% only of the total value. The sale agreement is still pending. Do i need to pay TDS(26 QB) before sale agreement or have to wait for agreement? Do i need to pay TDS on total apartment value or only on 10% amount paid? Also, I am an NRI, does it mak...
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Amlan Dutta
Be it NRI or Resident indian , the tax implications are similar while buying property from RESIDENT INDIAN SELLER ...Here, since the value is over 50 lakhs , TDS provisions under section 194 IA shall get attracted and you are required to deduct 1 % TDS and pay balance to the seller ...for 1 % TDS y...
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YouTube
  • May 29, 2018
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S V
1% of 850000 is 8500 not 85000. He will have to pay 850000-8500 = 841500 and not 765000.
  • June 4, 2018
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Akshay

Category : Income t..,
Solved
May 27, 2018 8:07 pm
  • Income tax
sir, i got notice under section 143(1)(a)(vi)
stating that, there is inconsistancy between salary income in return and form 26AS.
But i can see there deduction is declared under form16 but not in form 26AS. pls tell me how to reply this notice, i saw ur video but in that case the mismatch is in form 1...
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Amlan Dutta
check my recent video for the case ......Youtube link - https://www.youtube.com/watch?v=hewBpQ_5eRA
in case you want me to fill up your e assessment proceedings , send me your login credentials on mail along with form 16 and form 26 as ...know that i shall be reco...
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YouTube
  • May 30, 2018
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VAIBHAV AGRAWAL

Category : Filing I..,
Solved
May 26, 2018 7:30 pm
  • Filing Issues
Is it compulsory to send a copy of income tax return to CPC Bangalore?
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Amlan Dutta
Absolutely not, after submitting the return (ITR 1/2/3/4 ) online, you are only supposed to verify the return using e- verification or send a signed copy of the acknowledgement to the department ( within 120 days) so that the filed return ( ITR 1/2/3/4) can be processed......many people carry the m...
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  • May 26, 2018
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Praveen Kumar

Category : Income t..,
Solved
May 26, 2018 3:57 pm
  • Income tax
Can you please specify the deductions and under which section they are covered, I have trouble understanding under what category Group Insurance falls. Also 7th number : Housing loan interest, can that be mentioned in Interest payable on borrowed capital. Please see the image. You're doing a GREAT ...
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Amlan Dutta
Your Group insurance ( being insurance policy ) is covered under section 80 C ....for your second part of the question, yes, you can surely claim benefit of loan (am assuming that it self occupied house whose possession you have already taken) ...you will basically show income from house property as...
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  • May 26, 2018
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