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Bhargav

Category : NRI Taxa..,
Solved
April 2, 2019 1:31 pm
  • NRI Taxation
Hi Amlan,
First of all thank you very much for creating this platform and making knowledge free.

I'm here to get my query solved regarding NRI tax returns.
I'm a former employee of IL&FS Transportation Networks Limited (ITNL) engaged for work in Ethiopia (Africa), I have joined in Ethiopia on 02-Jan-20...
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Amlan Dutta
Unfortunately no, you cannot carry forward relief but in case there is any extra tax credit for any relevant year, you can seek refund by filing return ....anyways, on the ethiopian income which is being subjected to double tax i.e Ethiopian and indian tax , claim tax relief for the taxes that were...
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  • April 2, 2019
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Parth Amin

Category : TDS.., Income t..,
Solved
March 31, 2019 12:10 pm
  • TDS
  • Income tax
i am Yarn Trader in which we have to give brokerage to broker.Now, my broker has not taken brokerage (Total brokerage is more then 1.5 lakh)during the year now he want it is it legal to make books entry (Brokerage expenses)for current FY i.e 2018-19 and would give the actual payment in next FY i.e s...
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Amlan Dutta
Better to credit brokerage in the current year and deduct TDS .....TDS has to be done at the time of credit of payment. ... ...not only has TDS to be deducted , but also it has to be paid using challan and TDS return to be filed( Refer image) In this case, TDS under section 194 H at the rate of 5 ...
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Better to credit brokerage in the current year and deduct TDS .....TDS has to be done at the time of credit of payment. ... ...not only has TDS to be deducted , but also it has to be paid using challan and TDS return to be filed( Refer image) In this case, TDS under section 194 H at the rate of 5 % is applicable ...In case you have not deposited TDS by the correct date, the following penalties are applicable:<br /><br />....Late filing fee (if you do not file by the deadline)<br />....Interest (if you do not deposit the TDS amount in time)<br />....Penalty (if TDS is not filed within one year of the due date).. <br /> i wont be going into details etc but you may read more on the net on TDS deduction and filing liabilities
  • March 31, 2019
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Ujjwal Kundu

Category : ITR 1.., 26 AS TD.., Nil Retu..,
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  • ITR 1
  • 26 AS TDS not prefilling ITR
  • Nil Return
  • Income tax
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    Solved
    March 30, 2019 6:14 pm
    • ITR 1
    • 26 AS TDS not prefilling ITR
    • Nil Return
    • Income tax
    Hello Amlan sir
    I'm govt salaried, tax liability is nil, today I've resistered my PAN in e-filing Portal. My 26 as does not showing my deducter and TAN of deducter as I'm first time going to efile. My question is that, is it mandatory to fill sch TDS-1 in 'tax details' tab?
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    Amlan Dutta
    No it is not mandatory , but i will explain the concept so that it stays with you .....26 AS is tax credit statement i.e you get credit for the taxes that have been deducted at source and those are reflected in the statement and you can use these taxes to met your tax liability ...

    Here, quiet eviden...
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    • March 31, 2019
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    Naveen Prakash

    Category : Deceased..,
    Solved
    March 29, 2019 9:41 pm
    • Deceased Filing
    Hello Sir,
    My mother passed away in May 2012. Bank has deducted TDS on her FDR's for year 2013 and 2014. As a legal heir my condonation of filing for delay request has been approved for two FY 2013-14 & 2014-15, and I filled return online for FY 2013-14 but I am unable to fill for the FY 2014-15. An...
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    Amlan Dutta
    This is really unfortunate to know ...... You need to meet the assessing officer and seek permission for offline filing ...he has already condoned delay of filing using 119(2)(b)...so , if he permits, using same notice number along with section 139 , try offline filing for FY 2014 15 ......On a se...
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    • March 30, 2019
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