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Raj Tiwari

Category : TDS..,
Solved
April 4, 2019 3:03 pm
  • TDS
Hello Sir,
My salary does not meet tax slab but my FD meets. TDS deducted from my FD in the month of DEC 2018 is reflecting in form 26A, but TDS deducted in month of JAN and FEB is not reflecting in form 26A. Please guide me how can I file TDS return??

TDS deducted in DEC:- 100 Rs.
TDS deducted...
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Amlan Dutta
First, figure your taxable income ...Lets do it together....... Sum total of chargeable salary plus FD plus any other chargeable income( income on which tax applies ) forms your gross total income . That minus eligible savings will help you arrive at taxable income on which tax as per slabs shall ...
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  • April 4, 2019
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Ujjwal Kundu

Category : INCOME S..,
Solved
April 4, 2019 12:59 pm
  • INCOME SCHEDULE - HOUSE PROPERTY
Dear Amlan sir
I reside in my father's house and I don't have any house property. So during efile itr1, what to select in the row "type of house property"? Self occupied? Or let out? Or nothing select? If I select "self occupied" it means that I've a house property, but actually I don't have.
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Amlan Dutta
You will leave type of house property as it is i.e in select mode itself which means that you have selected nothing ...as regards the question , you have answered it yourself. When it is not your house, there is no question of generating income from it a nd hence you cannot declare it. Your fath...
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You will leave type of house property as it is i.e in select mode itself which means that you have selected nothing ...as regards the question , you have answered it yourself. When it is not your house, there is no question of generating income from it a nd hence you cannot declare it. Your father being the rightful owner alone shall declare the house property in the return for declaring income, if any. You will simply keep the house property section blank and fill nothing there .....Please refer to my basic series of tutorials on youtube because it may not always be possible for me to answer such basic stuff
  • April 4, 2019
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Joel MS

Category : REVISION..,
Solved
April 4, 2019 2:09 am
  • REVISION AND RECTIFICATION
Hi Amlan,

Income tax department has been incorrectly claiming the following two things
1)There is inconsistency between salary income - Rs 1,08,000
2)There is inconsistency between Other Source income - Rs 12,805

1)
I claimed (my house rent ) HRA Exemption in my ITR2 for Rs 1,08,000. This amount ...
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Amlan Dutta
1.) As regards department's communication for proposing adjustment for Salary Income , I think your claim for offering lower salary on account of unconsidered HRA is very well valid and justified and more importantly permissible complying with the law. I beleive that you have opted for e proceedings...
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  • April 4, 2019
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Joel MS
Thanks for your thoughts. Let me try my luck again.
  • April 13, 2019
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Anuj Sharma

Category : Inconsis..,
Solved
April 2, 2019 7:43 pm
  • Inconsistency between other source income in filed return and 26 as
Hi Alman,
Hope you are doing well.
I switched my company in 2016 and withdrawn PF. When I filed an income tax return for FY 2017-18, I received intimation that I have received income from other source and I have to pay tax for that. In fact, that is the amount which I have withdrawn from my PF account...
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Amlan Dutta
This is a case of EPF (employee provident fund and am assuming that it was of recognised nature) .Since TDS has been done, so i am inferring that the PF was less than 50000 rs and withdrawn before 5 years of continuous service and hence taxable ...So, you are required to have a PF corpus breakup...
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This is a case of EPF (employee provident fund and am assuming that it was of recognised nature) .Since TDS has been done, so i am inferring that the PF was less than 50000 rs and withdrawn before 5 years of continuous service and hence taxable ...So, you are required to have a PF corpus breakup indicating clearly the employer contribution, employee contribution and interest earned .....note that besides employee contribution that too if deduction under section 80 C wasn't claimed , everything is taxable ...now add employer contribution (taxable as income from salary) , interest on employer and employee contribution( taxable as income from other sources) and deductions availed under section 80 C on account of employee contribution towards PF contribution ( taxable under salary) ... <br /> Add these and offer as taxable income ...department will deduct TDS at the rate of 10 % , however tax shall apply as per slabs ...figure out tax liability and do the needful ....
  • April 30, 2019
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