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Mahendrakumar Kolhe

Category : Rectific..,

Solved

February 4, 2019 6:54 pm

Hi Amlan

I filed ITR 2 (AY 2018-109) for income from salary + two house properties + FD income.
As per INTIMATION U/S 143(1) its showing Tax demand of rs 980. But If we see TDS AY 2018-19 the TDS from state bank of India showed wrongly calculated under tax credit available. I have attached...

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Amlan Dutta

This is a mistake by the department , you can disagree to the demand raised and raise a rectification request for tax credit mismatch i.e TDS claim amount(rs 2101) vs TDS available amount (rs 1124). You are entitled to TDS amount of 2101 for the FD portion so there is no question of disallowance b...

February 4, 2019

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Om prakash

Category : Rectific..,

Solved

February 4, 2019 2:56 am

Hi sir,
ITR 1 AY 2016-17 -return processed. And got refund but I forgot during the file of return in INCOME HEAD-HOUSING SCH.how to rectify.if revised xml is to be loaded what to mention in return filed under sec, column & return original or revised columns, because return is to be corrected so that...

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Amlan Dutta

Yes rectification request is to be uploaded with option taxpayer wanting to correct details....since original return is being rectified so it shall remain original only and the section shall also remain the same under which the original return was filed, presumably 139(1) ....you may check my rectif...

February 4, 2019

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Avin Rai

Category : Intimati..,

Solved

February 3, 2019 10:16 pm

Intimation u/s 143(1)a
Sir, my uncle filed his tax return last year by himself i.e AY 2017-18. But while filing he didn't mention the detail of the Bank FD interest. And later he received an Intimation u/s 143(1)a, and intimation mentioned about that bank FD interest. As he is an aged person and doe...

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Amlan Dutta

Avin , i think the intimation may have added the interest income and calculate the demand based on the tax arrived upon after adding this income ...you can simply pay that off using challan 280 and keep the assessing officer informed

February 3, 2019

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Avin Rai

Sir, do i need to file any revise return or not? And informing assessing officer means i have to go local tax office physically and inform about it. Am i correct?

February 4, 2019

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Ayush Garg

Category : 80GG - R.., 80GG Eli..,

Solved

February 3, 2019 8:28 pm

Sir good evening sir ye btaiye psu banks me officer ko kisi city me rent ke house me rahne ke liye alag se lease rent milta Hai but form 16 ya salary slip me HRA me show nai rhta to kya section 80GG ya kisi aur section me jo monthly rent paid Kar rhe Hai us par tax benefit mil sakta Hai?

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Amlan Dutta

Not sure of this Ayush , the eligibility as per 80 GG has to be looked into .....the section speaks of absence of HRA as the major condition in order to claim benefit under 80 GG and here though the company is not providing HRA , it is very similar to providing some kind of house rent assistance in terms of lease rent and so , i think the department may disallow the benefit even if it is claimed but if a fair reading of the act is done , it would suggest otherwise i.e that there is no HRA provided and that the employee can take benefit under section 80 GG if all other conditions as listed satisfied ...i request that you take a separate opinion from a tax expert as well ..besides 80 GG there is no deduction benefit that can be seeked ....

Note ------Eligibility under 80 GG.................

If you do not receive HRA from your employer and make payments towards rent for any furnished or unfurnished accommodation occupied by you for your own residence, you can claim deduction under section 80GG towards rent that you pay. Here are a few conditions that must be fulfilled –shed or unfurnished accommodation occupied by you for your own residence, you can claim deduction under section 80GG towards rent that you pay. Here are the conditions that must be fulfilled –

1. You are self-employed or salaried

2. You have not received HRA at any time during the year for which you are claiming 80GG

3. You or your spouse or your minor child or HUF of which you are a member – do not own any residential accommodation at the place where you currently reside, perform duties of the office, or employment or carry on business or profession.

4. In case you own any residential property at any place, for which your Income from house Property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.

To claim 80 GG benefit be sure to fill up form and submit and file Form 10BA online before claiming it in return

Deduction benefit –the lowest of these will be considered as the deduction under this section-

(a) Rs 5,000 per month

(b) 25% of the total Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).

(c) Actual Rent less 10% of Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).( To claim 80 GG benefit be sure to fill up form and submit online before claiming it in return )

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February 3, 2019

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Ayush Garg

OK sir thanks for reply agar aapko is par kuch aur pta chle to btaiyega bhot saare psu banks employees ko benefit Hoga..

February 3, 2019

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Amlan Dutta

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February 3, 2019

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