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Mahesh Naik

Category : TDS..,
Solved
September 27, 2018 9:06 pm
  • TDS
Minor Grand Son had an FD with Bank with Nominee is Grand Mother, in which PAN was not updated. Bank had deducted TDS @ 20% for FY 2017-18.
They might be forgot to update PAN of Guardian. Hence the TDS deducted on the name of Minor , He is 3 Yrs Old, Does not have PAN. In TDS Certificate they showed...
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Amlan Dutta
If PAN was not provided for whatever reason , TDS credit cannot be claimed ...deductor in this case, the bank has to revise the TDS return and put in PAN details of mother/father of the minor who can accordingly then take credit ...in short , no PAN, no credit ...- simple.
  • September 28, 2018
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Amit singh

Category : 80EE - I..,
Solved
September 25, 2018 9:24 pm
  • 80EE - Interest on loan taken for residential House property
Hi amlan sir..maine apke sare home loan ke video dekha..but solution nahi mila. My query is...MAINE HOUSE REPAIRING KE LIYE 500000 LOAN liya hai uska Interest itr 1me kaise aur kaha show karu..house papa ka hai..mai saath me rata hu...
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Amlan Dutta
For Father's house, you wont get benefit of home loan since you enjoy no co ownership of the house ...assuming that you were a co-owner , in that case also, the correct section is not 80 EE but rather 24(b) under which you can seek benefit

Basically , if as a owner/co owner , you have have Home R...
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  • September 25, 2018
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G N Sah

Category : Intimati..,
Solved
September 25, 2018 7:06 pm
  • Intimation Notice under 143(1)a
Dear Amlan,
I filled Income Tax for AY18-19 and have got notice 143(1)a. I had arrears in my income for which i filled 10E form. But IT department has considered 89(1) relief and asked me to pay more tax.
How to respond to them. Plz suggest. If I click on "Disagree with demand" various options comes...
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Amlan Dutta
Mostly everyone is making mistake of wrongly filling for 10 E , especially the portion where previous year is written ...here assesse has to fill assessment year( check attached picture) .....i cannot see any snapshot ...you can , if you have made the same mistake , fill for 10 E correctly and apply...
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Mostly everyone is making mistake of wrongly filling for 10 E , especially the portion where previous year is written ...here assesse has to fill assessment year( check attached picture) .....i cannot see any snapshot ...you can , if you have made the same mistake , fill for 10 E correctly and apply for rectification under reprocess the case ....... you can send me login credentials on amlandutta007@gmail.com ...i would like to see what has happened ....i will be recording in case i put in the pain of looking through the case .....
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  • September 25, 2018
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Kumar

Category : Income t..,
Solved
September 25, 2018 5:37 pm
  • Income tax
Hi Amlan, I have following doubts regarding ITR. Could you be so kind to answer them?
1) In the Exempt Income section, which option from the dropdown menu should I select for the conveyance allowance of Rs. 19200? I understand from one of your Youtube videos that it should be Sec. 10(14) but in my I...
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Amlan Dutta
1.) You will show conveyance allowance under 10(14(ii)...i have made a tutorial for this as well

2.) You will only put 12 months basic here ...i cannot care less for what the accountant says ...you can refer my tutori...
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  • September 25, 2018
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