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Saiyeda Mohiyul Ain

Category : Taxabili.., ITR 1.., Status o..,
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  • Taxability of Interest Income
  • ITR 1
  • Status of Booking in 26as
  • Taxation of Post office interest
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    Solved
    July 23, 2020 1:54 pm
    • Taxability of Interest Income
    • ITR 1
    • Status of Booking in 26as
    • Taxation of Post office interest
    Hello Amlan sir,
    Post office interest income(accrued) is not shown in 26AS at all. So Is it not needed to mention in ITR as it will be a mismatch in that case.
    Suppose in 26AS it says from all bank FDs a person earns 15000/- ...we need to mention the exact amount in ITR as well isn't it?...neither m...
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    Amlan Dutta
    You need to add post office FD interest and put in ITR ...mismatch on higher side is never questioned by the authority but if tomorrow case picked for scrutiny they will question on why post office income was not declared in ITR ...Post office FD interest is not reflected because it appears post o...
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    • August 27, 2020
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    mushtaq rangraj

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    Solved
    June 24, 2020 6:16 pm
    hello sir i am great fan of your youtube channel i have very little quiry. sir for FY-2019-20 my salary as per 17(1) is rs 751396/- and i also arrear of rs.60911 of previous year. i filed 10E as i learned from your channel but i have confusion..when we file itr for AY 2020-21 whether i put 751396/- ...
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    Amlan Dutta
    If you have arrear breakup , then you can fill in respective proportions of salary else just add the whole arrear amount to chargeable income for the previous year FY 2019 20 .....There is no question of deducting etc ......the relief is provided for the excess tax burden you have to pay as a result...
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    • August 27, 2020
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    Prachi Gupta

    Category : How to f..,
    Solved
    March 17, 2020 10:33 pm
    • How to file return of earlier years
    Hi Amlan,

    Thank you for starting this QnA platform for tax related queries. I need your advice on one of my ITR case. I will be really grateful if you can help me on this:

    I couldn't file my ITR for FY 2017-18 (AY 2018-19) as I moved to United states that year. After that, when I tried to file my tax...
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    Amlan Dutta
    The belated period for filing return for FY 2017 18 is 31st March 2019 , so you cannot file a belated return ...the only option available to you is a time barred return....for this, you need to meet the assessing officer and cite reason i.e genuine hardship for not being able to file the return ...i...
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    The belated period for filing return for FY 2017 18 is 31st March 2019 , so you cannot file a belated return ...the only option available to you is a time barred return....for this, you need to meet the assessing officer and cite reason i.e genuine hardship for not being able to file the return ...if he is convinced , then he shall issue a notice using which you can file the return using section 139 with 119(2)(b). ...online modes shall not work in this case ...also there is little chance that shifting overseas will be considered valid for non filing of return but you can try ....if you cannot travel , try asking some representative of yours who is present in India to meet your present assessing officer No, you can not file under normal process .. if there was genuine hardship which prevented you from filing the return, you can request your assessing officer for condonation for delay in filing citing the hardship.....check attached picture....
    • March 18, 2020
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    MOHIT GARG

    Category : Rectific..,
    Solved
    March 9, 2020 2:35 pm
    • Rectification - Tax credit mismatch
    Hello Sir,
    I have a problem, please tell me what can i do.
    my problem related to ITR Refund process. but it's different to others.
    i can explain to you.......

    Our CA filed ITR return of FY 2017-18, But he not import TDS amount Rs 6,425 (194H) at the time of filling return and filed without claimin...
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    Amlan Dutta
    The TDS for a certain year cannot be claimed in a different year unless it is carried forward in the earlier year ...in short here , TDS for FY 2017 18 has to be claimed in the same year i.e FY 2017 18 and cannot be claimed in FY 2019 20 ....after return has been processed, the only way forward is ...
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    • March 9, 2020
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