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Varsha Rani

Category : Income t..,
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April 28, 2018 7:59 pm
  • Income tax
1. If I file ITR 1 for FY 2016-17 this year will i have to pay penalty for late filling?
2.after calculation if someone's tax liability is 1000 but bank has deducted TDS of 2000 us 194 A already in that FY then also he have to pay 1000 or not?
3.how can I get deduction of petrol allowances given by em...
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Amlan Dutta
1.) You cannot file for FY 2016 17 now ( i.e AY 2017 18 ) since period of belated filing is also over ... you can now only file for FY 2017 18 ( AY 2018 19 ) and note that the due date for filing is 31st July 2018 post which penalty under section 234 E for Rs 10000 shall be applicable ( last date...
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  • April 28, 2018
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Naresh Kumar Gautam

Category : Arrear R..,
Solved
April 28, 2018 5:39 pm
  • Arrear Relief under section 89
Hello sir,
I am getting salary arrear april 2018. When i have to submit my 10 e form online.
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Amlan Dutta
Just submit it before you want to claim the relief under section 89 in your tax return ...basically before filing of tax return , you must do this else they shall disallow your relief claimed in the tax return.
  • April 28, 2018
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SANJAY RAMESHBHAI SOLANKI

Category : Income t..,
Solved
April 28, 2018 4:40 pm
  • Income tax
Hi sir,
i want to sale my house & purchaser wants to pay 500000 cash & bal.amt. by chq.
is there any restriction & provision regarding cash limit for receiving & giving.
please guide me ?
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Amlan Dutta
Well, what it means is that he wants to pay unaccounted 5 lakh rupees ( black money) and remaining accounted (white money) ...better take whole sale value in white to avoid problems later on ...whatever is the agreement value ,take the whole money in white ...say agreement value is 40 lakhs ...take ...
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  • April 28, 2018
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NIRAJ SINGH
You may also refer Sec 269ST. Watch this video

https://youtu.be/ke0gJDja_Io
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  • April 29, 2018
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NIRAJ SINGH

Category : Income t..,
Solved
April 28, 2018 10:14 am
  • Income tax
My Query is:- What to do in this Scenario to resolve such Tax Credit Mismatch issue
My Sir had filed his Income Tax Return for the AY 2017-18 & TAX Credit Mismatch of Rs11512 is shown
I am attaching 3 Pics:-
a) Screenshot of Tax Credit Mismatch screen
b) Form 26AS
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Amlan Dutta
You surely are eligible for credit, since the figure is appearing in your tax credit statement .. you can apply for rectification and select the tax credit mismatch option .....check this video out , it should help understand the process on how to submit rectification request

Video Link - https://www...
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  • April 28, 2018
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