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Lokesh Jangid

Category : 44 AD ( ..,
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July 14, 2018 11:17 am
  • 44 AD ( Business income)
I received money from my friend as a loan through online transfer.So While Filing ITR U/S 44AD It will be considered as a gross receipt or I can show that money as a Unsecured loan
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AYUSH
Hello lokesh let me know the application of unsecured loan as in you have used for personal purposes or for business purposes.
  • July 14, 2018
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Mihir

Category : Employer..,
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July 14, 2018 2:10 am
  • Employer category
Hi My father receives family pension .My mother was government employee. So In ITR employee category what should be employer category? i have filed by selecting government as employer category.if its wrong ,should i revise ITR?
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Amlan Dutta
It is correct . Her pension is on account of her relationship with the principal employer which is this case was the government employer ...select category next time carefully to avoid question entry getting deleted
  • July 14, 2018
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BIBEK
For your mother, it seems ok. But, for your father, as he receives family pension, it will come under "income from other sources" and there is no need to mention employer category.
  • July 14, 2018
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avinash chander

Category : Exempt I..,
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July 14, 2018 2:04 am
  • Exempt Income
Respected sir I am pensioner my question is for Exempt income for reporting purpose>iv. others> Nature of income>which option is to be selected? where as i am not getting HRA. In form16 issued by my employer only commuted pension recovery has been shown, which is not included in gross pension Please...
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Amlan Dutta
If commuted pension is exempt use section 10(!0 A), LTC is not exempt just like that - You need to provide tickets to the employer only post which they consider the eligible exemption ....this is like HRA where it is otherwise totally taxable unless the employee gives the employer rent receipts to t...
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If commuted pension is exempt use section 10(!0 A), LTC is not exempt just like that - You need to provide tickets to the employer only post which they consider the eligible exemption ....this is like HRA where it is otherwise totally taxable unless the employee gives the employer rent receipts to then compute eligible exemption
  • July 14, 2018
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avinash chander
Thank u so much sir for your appreciable information
  • July 14, 2018
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Pankaj lande

Category : 80CCD(1)..,
Solved
July 14, 2018 1:57 am
  • 80CCD(1) - Employee contribution towards NPS
Sir i am a salaried employee working from last year..my nps account was created after march 2018. My form 16 for this year doesnt show any nps contribution made by me from july 2017 to march 2018 nor my nps acc statement taken from nsdl website. Still can i claim the deductions under 80 ccd in my it...
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AYUSH
Yes you can claim deduction of 80ccd for 1 apr 2017 to 31 march 2018 deposits. In your return No issues prevails of non disclosure in form 16
  • July 14, 2018
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Amlan Dutta
Form 16 not showing is okay ...it reflects that you have not declared there ...but why is the NPS account statement not reflecting your contribution ... you will need these to justify claiming of NPS benefit under 80 CCD(1B) ...i hope you have invested in tier 2 ( which is by default the NPS invest...
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  • July 14, 2018
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