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PARAS SOMARWAL

Category : Selectio..,
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May 15, 2018 6:04 pm
  • Selection of Return
I am govt employee .. i am salary person. i got salary arrior during FY 2017-18 .. for relief section 89 with form 10E.. WHAT type of ITR will fill by me.. ITR 1 or ITR 2 ?
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Amlan Dutta
Scope of taxable income determines return selection ...salary(including arrears ) head is present in ITR 1 ...you can therefore use ITR 1 ....Ensure yo submit form 10 E online first before claiming arrear relief in ITR return( relief under section 89)
  • May 15, 2018
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Amlan Dutta
Return selection depends on income heads representing scope of taxable income ...here it is salary (salary arrears shall also ide depicted in salary schedule itself ...You can therefore use ITR 1 to represent scope of taxable income.. remember to submit form 10 E online before claiming relief under...
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  • May 17, 2018
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PANKAJ SHUKLA

Category : How to s..,
Solved
May 15, 2018 11:39 am
  • How to show HRA in ITR 1
Dear Sir,
Where to show HRA in ITR 1 for ay 2018-19
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Amlan Dutta
Say, you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income. You will show 2000 Rs in exempt income reporting schedule For ...
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Say, you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income. You will show 2000 Rs in exempt income reporting schedule For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ... <br /> Process to do it is as follows - you will take form 16 and salary slips ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 ) Now, subtract from gross salary basic and exempt allowances What you get is non exempt allowances which comprise taxable HRA(8000) along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns)
Say, you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income. You will show 2000 Rs in exempt income reporting schedule For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ... <br /> Process to do it is as follows - you will take form 16 and salary slips ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 ) Now, subtract from gross salary basic and exempt allowances What you get is non exempt allowances which comprise taxable HRA(8000) along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns) +3
  • May 15, 2018
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sravan

Category : Intimati..,
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May 15, 2018 12:16 am
  • Intimation Notice under 143(1)a
Hi Amlan,
Can you please help me in responding to section 143 (1), claimed mother FD interest amount (both the columns provided by tax payer and computed u/s 143 showing the same) for refund.
Please find the attached intimation 143 and guide in resolving the same, also online E-proceedings tab is s...
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Amlan Dutta
Relax, this is perfectly in line and you should be happy that department has accepted your filing details ...every taxpayer is bound to get intimation assessment under 143 (1)...it is their right and not a thing to panic and there is no action needed if things are in order ....had you noticed that d...
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  • May 15, 2018
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sravan
Thanks for prompt response Amlan ji.
  • May 15, 2018
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Arghya Pal

Category : 80 C Ded..,
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May 15, 2018 12:01 am
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
In investment declaration under 80C section I found two fields, first one is "Investment in Mutual Fund" and the second one is "Investment in notified Equity Linked Saving Schemes". My question here is I have invested in 3 mutual funds -
1. HDFC Mid Cap
2. Reliance Tax Saver (ELSS)
3. Reliance Bala...
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Amlan Dutta
This is not a valid return ...i don't believe in such invalid returns ...department also doesn't consider any such invalid returns ..please download only from income tax website ...other utilities across different tax sites etc are not reliable
  • May 15, 2018
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Arghya Pal
Thanks...
  • May 15, 2018
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