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Ujjwal Kundu

Category : 80TTA - .., Interest..,
Solved
July 11, 2019 5:52 am
  • 80TTA - Income from interest on saving banks Accounts
  • Interest TDS (U/s 194 A) (10%)
Sir,
Bank deduct TDS on savings account interest.
My total savings account interest in fy2018-19 was 26780 and bank deduct 2680 as TDS which reflect in my 26as u/s 194a.
My question, is savings account interest fall u/s194a?
Can I claim deduction u/s 80tta?
(As far as my knowledge concerned, bank can't d...
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Amlan Dutta
Yes, you are right , TDS doesn't apply on savings interest. Bank shouldn't deduct TDS on savings interest ......if it has deducted, it is a mistake ...
You can surely claim benefit of 80 TTA on lesser of savings interest or 1000 rs ...which bank , in between ,lol , these institutions also are commit...
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  • July 11, 2019
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Vishal

Category : INCOME H..,
Solved
July 11, 2019 3:13 am
  • INCOME HEAD - OTHER SOURCES
Hi Amlan,
My main income is from salary -Rs 3.5L,also other sources, (a)part time tution-76000,(b)deposits in a firm where i have earned-Rs 21600,(c)interest received on loan -(i)Rs 18000(in cash) and
(ii) Rs 3200(in cheque) ,and also (d) i had sold some electronics n consumables to my friend/relative...
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Amlan Dutta
There is nothing specefic that can be written for Income from other sources and i cannot do all these i.e help jot down things ...this is more a concept based forum ...you can write the nature of events as they are ...you can club interest income in cash and cheque ....
  • July 11, 2019
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pradeep

Category : Income t..,
Solved
July 10, 2019 9:37 pm
  • Income tax
under section 10(13a)
if rent is is less then 10% of basic salary and also HRA received.then what I have to fill in house rent exempted column.
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Amlan Dutta
Not pretty sure that i get what you ask ...there is no field for House rent exempted column but surely slot to claim HRA exemption if you qualify .......Calculate permissible HRA exemption first ...if it is positive and you qualify for any exempt HRA , then you will fill it under salary exemptions ...
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  • July 11, 2019
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Saiyeda Mohiyul Ain

Category : Exempt S.., Exempt I..,
Solved
July 10, 2019 4:44 pm
  • Exempt Statutory PF interest u/s 10 (11)
  • Exempt Income
Hello Sir,
I had sent email on 1st july..but received a reply yesterday from you to post request on website..hence doing so.

In this year's ITR1 form where should we declare PPF interest..is it changed? this account is created in private bank..canara....this is the main question. Pls note this is inte...
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Amlan Dutta
PPF interest is exempt income ... you will report this under exempt reporting section of ITR 1 selecting section 10(11) ...check picture attached ...For FD interest income , you will declare it as income from other sources ...i may make a tutorial explaining difference of current year ITR with prev...
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PPF interest is exempt income ... you will report this under exempt reporting section of ITR 1 selecting section 10(11) ...check picture attached ...For FD interest income , you will declare it as income from other sources ...i may make a tutorial explaining difference of current year ITR with previous years!
  • July 10, 2019
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