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Siva

ITR 4...
7 minutes ago Unsolved
Hi Amlan, Yes, I'm working as technical consultant (freelancer). I have got another question on Presumptive Taxation eligibility when I found the below one in FAQs.

FAQ: Who cannot opt for the Presumption Taxation Scheme?
Answer: If the taxpayer has claimed deduction under section 10, 10A, 10B, Sectio...
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Vishal

Selection of Return...
I have salary income (through cheque)₹3,00,000 (as my main income).In addition to that i have earned around ₹40,000(yearly) as interest in cash from my cash in hand.
Also i do part time tution from which i have earned ₹1,30,000 in cash.
Which ITR should i file?(1or?)
Can there be any problems ...
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Amlan Dutta
You can file ITR 1 showing income from tution and interest income as income from other sources ...i don't see any reasons for any problem ....your question category was again wrong , i haven't deleted the query but be careful next time
  • 15 minutes ago
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Vishal
thank you sir,and will try n choose the correct category
  • 1 minute ago
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RAM

INCOME TAX...
2 hours ago Unsolved
Sir. I have Wrongly received amount (48689) as a allowance in FY 2018-19 ,but that is wronglly given to me, & taken back (adjusted) in momth of may, jun 18 for the period Nov 17 TO Apr 18. which has increased my tax. How i can get tax rebate for this amount.
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Amlan Dutta
Once it forms a part of your salary , it is tough to not show it , but while filing return for FY 2017 18 , you can reduce this amount from your taxable income ....you will have to prove this during scrutiny assessment though accordingly to assessing officer...you are likely to receive a adjustmen...
  • 2 hours ago
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Mohsin Razaq

80CCD(1) - Employee contribution towards NPS...
10 hours ago Solved
If one has already used the 150000 limit under PPF category can the contribution by employee be entered under 80CCD(1B) instead of 80CCD(1) and claim additional tax relief to the tune of Rs 5000 on 50000 amount claimed under NPS contribution of employee.
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Amlan Dutta
yes, as per my interpretation , one surely can use 80 CCD(1B) for ones own contribution( employee contribution)...it is totally to the choice of the individual whether to use 80 C or 80 CCD(1B)
  • 6 hours ago
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PARTHA SARATHI MAJEE
Yes absolutely right one of my friend already got the refund by claiming in same circuimstance
  • 5 hours ago
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vipul mhapsekar

BASICS OF INCOME TAX...
12 hours ago Unsolved
i need your help in filing my ITR.
here is brief :

*i never filed ITR

*iam freelance photographer

* i use only SBI for whatever transaction i require to do.

*As per my SBI (savings) bank statement from 1st April 2017 till 31st march 2018 my credited amount is 650000 (six lakh fifty) & debited amount is...
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NAVNATH HIRALAL SHIRSATH

Dear sir,
As of previous query of 80d limit, you suggested to raise rectification request, I tried but in the menu of rectification request AY 2018-19 is not available. And cpc customer care no. 18001034455 is very much busy. So what to do now??
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Amlan Dutta
Once intimation is received with incorrect assessment , there is no other way other than raising a rectification ...I cannot comment on when it shall be available in the system /why it is not there etc
  • Yesterday, 3:51 pm
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Prashant Kumar

HOW TO MAKE TAX PAYMENT...
Hi Amlan,

My income tax return has be processed and I received intimation U/S 143(1) today.

I see 2 difference in what I filed vs what was assessed by Income tax officer.
1. 234C INTEREST - Difference of around Rs. 7 (Payable)
2. NET AMOUNT PAYABLE is Rs 10

My question is how do I pay this net amount. Is...
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Amlan Dutta
Check video tab for this answer to see how you will be paying demand tax using challan 280 ...there is no need to update ITR ...ITR is only for advance tax and self assessment tax. It is not for regular assessment tax
  • Yesterday, 12:14 pm
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RAM

INCOME TAX...
Tax Rebate for wrong payment received and adjusted in next FY
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Amlan Dutta
Under non exempt allowances head ...i.e.if the allowances reflect in your form 16 and are non taxable , they will appear in non exempt allowances portion of the ITR ....Check your pay slips and form 16 and fill ITR accordingly ...refer video tutorial for the breakup directions ..
  • August 15, 2018
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RAM
Sir, My query is unsolved, Please Solve.
  • 2 hours ago
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Amlan Dutta

SITE TESTING...
Please select category properly while posting your questions , as you may have observed , i have deleted all questions posted under general category ...also, in future, wrong category as also general category questions shall NOT be answered and be deleted ..so post question category correctly ........
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Mohsin Razaq
thank you
  • 10 hours ago
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TUSHAR

How to compute income from house property...
I have 1 flat in Mumbai, which given to bank employee rs. 20000 per month rent. They give me 18000 after deduct 10% of tax rule.
Another part I stay in rent in another room in Mumbai and I give rent to Mr. Rex to rs. 20000.
What will calculations done ?
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Amlan Dutta
For the first house you derive income from House property and shall accordingly fill house property schedule for let out property .....for the other room that you pay rent , there is no income for you so you have nothing to show ...in case you get HRA , you will get some exemption based on eligibili...
  • August 15, 2018
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vikas

Who is required to file...
Sir is it mandatory for everyone to file an ITR who have a pan card or else he has to pay the penalty. Because I am a mobile mechanic and earn a very small amount. Do I need to file itr and which one?
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manish
Hello, If you are a salaried person i.e. if you are working for someone as a mechanic, then you can file ITR-1. this will help you in your future like when you require loan or something else.
also you can file ITR-1 and show income from other sources if not salaried.
  • August 15, 2018
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Amlan Dutta
You are basically wanting to know compliance requirement i.e as to when a individual is required to file return...for individual assesse , if gross total income is below threshold levels , he /she is not required to file return ...so, If your gross total income is below 2.5 lakhs(assuming you are b...
  • August 15, 2018
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Aadhi

INCOME HEAD - OTHER SOURCES...
Should we need to pay advance tax despite TDS deduction for winning from lotteries ?
Tax liability has increased showing surcharge interest penalty etc though having 17.55 lacs TDS deducted @ 30% on 58.5 lacs . Now 2.5 lacs amounted to pay in extra,
Previous year tax liability less than 10000
Any way ...
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Amlan Dutta
There is no connection between payment of advance tax and TDS deduction ...if tax liability exceeds 10,000 rs , then one is required to pay advance tax - straight and simple ...what happened in earlier years has no relevance to the question...


if your liability is more than 10000 rs you are require...
  • August 15, 2018
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