Categories
Normal Grid Pagination Scroll
Mahendrakumar Kolhe

Category : Capital ..,
Unsolved
July 27, 2019 1:22 pm
  • Capital Gains exemption
Hi Amlan Sir,

I have earned rs 65288 from long term capital gain in FY 2018-19 due to the sale of equity shares. purchase price - 196505 sale price 262523. as of 1st Jan 2018 fair market value of those securities - 357156

When I am filling ITR2 schedule CG. it does not give me the benefit of non-t...
View More
  • Hide Placeholder
  • Hide Discussion
Tushar Radhesham Kandalka

Category : Tax Comp.., How to f.., Income t..,
Unsolved
July 23, 2019 11:39 am
  • Tax Computation
  • How to fill ITR
  • Income tax
Sir,
I was working with a private company in year 2014 to 2017,
during this period following amount was credited in my EPF

Employee Contribution :50,968 +4699(Interest)=55,667
Employer Contribution :15583 +1436(Interest)=17019
Pension Contribution : 18010

In April 2018 I applied for Withdrawal for both ...
View More
  • Hide Placeholder
  • Hide Discussion
Tushar Radhesham Kandalka
I am salaried person.

This is what I am doing in my ITR 1

I have summed following amount(Total : 82228) in Salary amount which I received from current employer
1. RS 48,635 in my Salary which I had taken benefit in 80C for earlier years
2. Employer Contribution of RS 15,583 and
3. Pension Contri...
View More
  • July 24, 2019
  • LikeLike
  • Select as Answer
Tushar Radhesham Kandalka
Alam Sir,Shall I fill ITR2 in this case?
  • July 27, 2019
  • LikeLike
  • Select as Answer
Chetan Yewale

Category : Income t.., DTAA..,
Unsolved
July 20, 2019 9:39 pm
  • Income tax
  • DTAA
Hi Amlan, Thank you for the reply earlier. I have some more queries:
1. Say during 2017-2018 FY, as an example consider that I earned 500 in UK, out of which my savings was 300
2. Say in 2018-2019, as an example I earned 300 in UK, out of which my savings were 200.
3. So, after coming back to India,...
View More
  • Hide Placeholder
  • Hide Discussion
DIVYANSH TRIPATHY

Category : Exempt g..,
Unsolved
July 20, 2019 1:07 am
  • Exempt gift income u/s 56(2)(iv)
Thanks sir for your earlier response, i have two question

1.) give and take transaction means i ( i am not taxable person below threshold limit ) gave rs 10000 to my brother , he is taxable person. he refund me the same amount after 2 month . it is just an reverse transaction. how to show rs 10000 ...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
1.) Give and take doesn't translate to income for either parties ...it need not be shown in ITR 1 2.) If it is given in form of gift , it is exempt else not , but better to show it as gift .....he will show it as exempt under exempt income reporting section using other field and mention gift from...
View More
  • July 20, 2019
  • LikeLike
  • 1 person
  • Select as Answer