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Arnab Datta

Category : Revised ..,
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August 19, 2018 11:08 pm
  • Revised Return U/s 139(5)
I have received a communication from CPC(for AY 2017-18) that Salary Income there is some error and I can rectify this by 'e-proceeding' link inside incometaxefilling website or by filing revised return U/s 139(5). This error was due to - I have not mentioned my medical reimbursement(U/s) Rs 15000/-...
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Amlan Dutta
For any revised return , the acknowledgement number stays of the original return only and this is made clear by the return itself ...it clearly says original return acknowledgement number and date ( otherwise it would have mentioned revised return acknowledgement number and date)
  • August 19, 2018
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Vishal

Category : 44 AD ( ..,
Solved
August 19, 2018 10:44 pm
  • 44 AD ( Business income)
How should any cashback, on any expense be treated, while preparing your balance sheet? Ex: cashback which comes into your paytm wallet.Should it be adjusted in drawings in capital a/c or in cash in hand under balance sheet or as income ??
If income under which head?
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Amlan Dutta
Say i pay using HDFC credit card 100 rs for a ticket and get 30 rs cashback on account of using HDFC , then this 30 rs enters my account and is available as cash ...so , as per my interpretation it should be cash in hand ...no question of drawing from capital a/c ...we are not withdrawing the 30 rs ...
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  • August 20, 2018
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Shashikant Singh

Category : 80 C Ded..,
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August 19, 2018 8:22 pm
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
Hello Sir,
I am a state govt. servant. I want to know under whuch head GIS has to be added. GIS (Group Insurance Scheme) of Rs. 400/- monthly is deducted from my salary by emoloyer.
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Amlan Dutta
If under salary breakup , you mean , you can add it to non exempt portion and under deductions you shall show it under 80 c.... Basically for group saving linked insurance scheme , employees' total contribution, savings as well as risk premium is entitled for income-tax rebate under Sec. 80C of the...
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  • August 19, 2018
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Shashikant Singh

Category : How to f..,
Solved
August 19, 2018 8:17 pm
  • How to fill Salary breakup in ITR 1
Hello Sir,
I am a state govt. servant. I have watched ur you tube video datef 10/5/18, it was very helpful.
I have 2 doubts for filing ITR, first govt. vehicle is given to me for which govt. deducts Rs. 250/- monthly , where to show it as exemption. Second, govt. quarter is alloted to me for which g...
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Amlan Dutta
Deductions( in your case perquisite tax) is neither any income nor any exemption , so they wont form a part of your income computation statement ...use your form 16 and fill up income schedule accordingly....not deleting question this time , but next time select category properly else query shall...
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  • August 19, 2018
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Shashikant Singh
Sir, in my salary slips they are shown as deductions but in form 16 issued by employer these are included in gross salary. Shall I deduct these in efiling?
  • August 20, 2018
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