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Gaurav Gupta

Category : Selectio..,
Solved
July 22, 2018 6:10 pm
  • Selection of Return
Dear Amlan,

Kudos to your spirit to help people, very few in this world have this kind of thought process left. All the very best for this journey !!!

I have a question with respect to filing IT return for my wife who has income from Salary, Part time tuition and Savings bank interest. I am confus...
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Amlan Dutta
She can show tution income as income from other sources and since there is no TDS deducted on her payment receipts so she cannot claim any TDS credit and therefore w.r.t tution income she will keep TDS schedule blank....for savings interest again there is no TDS deducted and therefore she will keep ...
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  • July 22, 2018
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Sandeep Kumar

Category : DTAA..,
Solved
July 22, 2018 4:33 pm
  • DTAA
Dear Amlan,
I am resident Indian for AY18-19, with 4 months of salary income from UK. Can you please guide me if it is necessary for me to fill Form 67. If yes any guidance on filling that form would be much appreciated.
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Amlan Dutta
Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67 few important points ...
(1) FTC shall be the aggregate of the amounts of credi...
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Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67 few important points ... <br /> (1) FTC shall be the aggregate of the amounts of credit computed separately for each source of income arising from a particular country;<br />(2) FTC shall be lower of, tax payable on such income under the Indian tax laws and the foreign tax paid;........... <br /> Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) is mandatory to submit Form 67<br />Submission of Form 67 shall precede the filing of return of income....it is a very simple thing , you can check my tutorials on how to fill return for taking credit of doubly taxed foreign income ...But before filing return claiming relief under 91 , you must first fill form 67 Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67 few important points ... <br /> (1) FTC shall be the aggregate of the amounts of credit computed separately for each source of income arising from a particular country;<br />(2) FTC shall be lower of, tax payable on such income under the Indian tax laws and the foreign tax paid;........... <br /> Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) is mandatory to submit Form 67<br />Submission of Form 67 shall precede the filing of return of income....it is a very simple thing , you can check my tutorials on how to fill return for taking credit of doubly taxed foreign income ...But before filing return claiming relief under 91 , you must first fill form 67
  • July 23, 2018
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Jatin Seth

Category : Exempt I..,
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July 22, 2018 4:29 pm
  • Exempt Income
I have filled my ITR 18-19 and e-verified also, but I did not fill the "Exempt Income(for reporting purpose)" section, will it create any problem ?
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Amlan Dutta
It is better to revise and show it so that the department knows how you have arrived at chargeable income ( else they expect the entire gross salary income to be offered as tax...once assesse shows the exempt income and the deductions , the department also finds it easy to know as to how chargeable ...
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  • July 22, 2018
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Mahendrakumar Kolhe

Category : ITR 2..,
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July 22, 2018 3:44 pm
  • ITR 2
Dear Amlan,
How to fill ITR 2 schedule AL - for the movable and immovable property. for Salaried income 60 lacs?
Do we need to create P&L and balance sheet for this from CA? I tried searching your tutorial for this but could not find it.
Please help out
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Amlan Dutta
What is your total income i.e gross total income - savings ...if it is more than 50 lakhs , then you will need to fill the asset liability schedule ....you can consult a CA to make one for you ...i won't be getting time for doing it any time soon
  • July 22, 2018
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