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Shriya

Category : TAXATION..,
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December 9, 2018 12:24 pm
  • TAXATION OF DIFFERENT INSTRUMENTS
Hello Amlan,

One more question i had about NPS. I see that there is lot of confusion on taxation of NPS Tier 2 account. Could you please explain what will be the tax treatment on earnings from of NPS Tier 2?

Thanks
Shriya
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Amlan Dutta
There is no tax benefit ....the earnings from NPS Tier II investment are taxed as per slabs . If through Tier II , investments are made into debt mutual funds then you get benefit of indexation....... but the benefits of a equity oriented fund may not get through , it appears ...
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  • December 9, 2018
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Shriya

Category : Taxabili..,
Solved
December 9, 2018 12:22 pm
  • Taxability of PF
Hello Amlan,

Thanks a lot for taking this initiative to educate the people in need, that too for free.
I have a question about VPF.
I understand that PF withdrawal is tax exempted after 5 years and VPF is the voluntary contribution by the employee, over and above the statutory limits of PF contributio...
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Amlan Dutta
The voluntary provident fund contribution that you intend to make along with the PF contribution form a part of the total Employee provident fund (EPF)corpus and any eligible PF ( withdrawal after 5 years of continous service ) shall be totally tax free( including interest on such amount) ...... ...
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  • December 9, 2018
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SAIKAT DAS

Category : Taxabili..,
Solved
December 8, 2018 8:28 pm
  • Taxability of Family pension( U/s 57)
if i use pension tab in itr1 for fillig family pension,,Can i get notice from IT department???
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Amlan Dutta
There are two issues here

1.) Taxation - You should not be offering family pension under salary pension head .....
Family pension is to be offered as income from other sources and it's treatment is specified under section 57. Also note , there is deduction benefit available under section 57 for les...
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  • December 8, 2018
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deepak

Category : STCG on ..,
Solved
December 8, 2018 3:49 pm
  • STCG on Stocks
Dear Mr Amlan Ji,
Good Afternoon
first a very thankful to u for guiding me to file a return since last five years,now a general question if i incurr a share loss short term and i do not wish to carry forward can i simply fill itr 4 instead of itr 3.
Sir i am sorry to post the question before in wrong s...
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Amlan Dutta
Please clarify whether losses are from 1.) Delivery based trading or 2.) Intraday /future and options...In case you have made losses in delivery based trading , you can show short term losses from capital gains and file ITR 2... ...
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  • December 8, 2018
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deepak
Sir thanks for the prompt answer shares are basically from delivery loss but i have bussiness income from shop and also show some income from other source also pls guide i donor wish to carry forward the loss its a small amount
  • December 9, 2018
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