Categories
Normal Grid Pagination Scroll
Sachin hissaria

Category : DTAA.., DTAA IN..,
Solved
July 27, 2019 6:36 pm
  • DTAA
  • DTAA INDIA USA
Hi Amalan, hope you doing well and keep up the great work

I am working in TCS and stayed in US from 31 Jan 2016 to 22nd Jan 2019. As per rule it seems I am resident of India.
So do I have to pay tax in India for the amount earned in US . And in India whole year tax was deducted though I wasn't getting...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
How as per rules do you classify to be a resident???? If you are out on employment and if you are less than 182 days in India , you are clearly a NRI ( other rule for figuring out residency doesn't apply to people going outside india on employment ).

Basically the following rule is used to determin...
View More
  • July 27, 2019
  • LikeLike
  • Select as Answer
Sachin hissaria
I have got this reply from my company :-------- The high income tax is due the change in your residency status. Since you have returned back from San Francisco as on 27 Jan 2019, you are considered as resident Indian for the current financial year 2018 to 2019 and tax has been calculated with e...
View More
  • July 27, 2019
  • LikeLike
  • Select as Answer
ELANGO

Category : Filing I..,
Solved
July 27, 2019 2:38 pm
  • Filing Issues
Dear Amalan, Suppose if I get a refund for previous AY from the Income Tax department with some interest, do I have to show this REFUND amount for reporting purposes? If yes, how to mention this in ITR-1?
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
The interest income from refund is taxable and is offered as income under corresponding head in ITR under income from other sources and this field in particular and not just shown for reporting purpose ...it will add to your taxable income and shal be taxed as per slabs you fall into
  • July 27, 2019
  • LikeLike
  • 1 person
  • Select as Answer
DIVYANSH TRIPATHY

Category : ITR 1..,
Solved
July 27, 2019 1:21 am
  • ITR 1
hello sir , my question is , suppose i ( i am teacher and also taxable person ) receive rs 45000 ( whole year )as part time ( for which i do not have any evidence mean ( cash receipt , register,this rs 45000 ( i received from various source like lecture and other small computer work in cash ) so h...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
For evidence, it is better that you maintain some account journal where you should be clearly able to point out the 45000 Rs breakup ( lecture, computer work etc ) ...that itself is enough ...such random income can be offered as income from other sources under any other filed and proper description ...
View More
  • July 27, 2019
  • LikeLike
  • Select as Answer
Dalip singh

Category : Notices.., Intimati..,
Solved
July 26, 2019 8:57 pm
  • Notices
  • Intimation Notice under 143(1)a
Hello sir
I have filed a return of my uncle last year. In this ITR refund of amount around Rs. 6000 but got a Demand under section 143(1)a of amount Rs. 15470 of financial year 2010-11. We wanted to adjust this demand by refund amount. After the adjustment demand of around Rs. 9440 is left and we h...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
It does not work this way ...it is stupid to expect that the demand for some earlier year will appear in the return and adjust itself against the previous year refund ...taxable income for the previous year will get computed as normal ...if TDS exceeds tax liability, it will automatically qualify fo...
View More
  • July 28, 2019
  • LikeLike
  • Select as Answer