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DIVYANSH TRIPATHY

Category : Filing I..,
Solved
July 24, 2019 3:23 pm
  • Filing Issues
one more question. my brother works as a teacher in school in which 11 month salary had been deducted by one dedcutor and 1 month by another deductor of same school ( seen in 26AS In which 11 month salary deducted by one TAN number and 1 month by another TAN. MY question is how show in itr return .....
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Amlan Dutta
Yes you will get form 16 from both deductors ...in tax credit schedule you will show TDS entries separately against each deductor for deducted TDS ...check video for multiple form 16 and how to fill ITR against it
  • July 24, 2019
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Rakesh Patil

Category : How to f..,
Solved
July 24, 2019 9:51 am
  • How to fill Salary breakup in ITR 1
Hi Amlan,

The company where I was working was taken over by other company. And the migration was done from 1st May. So only for April month I got salary from old company. Now the issue is for that one month they haven't deducted tax. Remaining all months tax is deducted. Now while filing returns how ...
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Amlan Dutta
Simply add chargeable salary income from both companies in ITR and arrive at taxable income , return itself shall compute tax liability as per slabs on taxable income....check TDS credit available .....if tax liability as per slabs is more than available TDS credit , then pay off balance tax usin...
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  • July 24, 2019
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Samir Mehta

Category : Taxabili..,
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July 23, 2019 11:12 pm
  • Taxability of Interest Income
Hi Amlan, this is regarding declaring interest income in which FY? interest on NCD (Tata NCD), as the interest will be credited from date of allotment (allotment date - 27/09/2018) and not on pro-rata basis in march end, please suggest in which FY whether 2019-20 or in 2018-19 interests to be declar...
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Amlan Dutta
Ask the entity issuing non convertible debenture for interest statement and check whether any interest (accrued or paid) has been credited for FY 2018 19 ...if yes, then such income needs to be declared , you yourself don't need to do any prorata calculation etc anything ...

If no interest has bee...
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  • July 24, 2019
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Suresh

Category : Tax Audi..,
Solved
July 23, 2019 7:18 pm
  • Tax Audit
Sir,
I made loss in Future and Options about 25000/-, and turnover not exceeded 2 crores, and don't want to carry forward losses. Sir should I audit or not? ( I don't want to carry forward losses)
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Amlan Dutta
This answer needs revision and therefore i am editing my answer ...section 44AB governs audit and one therefore needs to look at it for guidance .....According to section 44AB ,a business is required to go for audit if it's gross receipts exceeds 1 Cr for business and 50 lakhs for profession and it...
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  • July 24, 2019
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