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  • Indirect taxes

  •    GST

  • Company Act

  • SITE TESTING

  • TESTIMONIALS

  • Income tax

  •    Registration

  •    How to fill ITR

  •      How to fill salary income in TDS schedule

  •      How to fill Salary breakup in ITR 1

  •      How to show HRA in ITR 1

  • Due date for filing returns

  • Tax payment

  • Filing return of earlier previous years

  •    Section 119(2)(b) Delayed filing

  •    Section 92 CD Advance Pricing agreement

  • UTILITY FILING ISSUES

  •    Unclaimed TDS bought forward and current year TDS separate rows

  •    Salary in income schedule less than 90% of salary income in TDS schedule

  •    JAVA utility not getting saved

  • REVISION AND RECTIFICATION

  •    Rectification

  •      Rectification - Tax credit mismatch

  •      Rectification - Taxpayer wanting to correct data

  •      Rectification u/s 154

  •        Return processed but revision needed

  • Revised Return U/s 139(5)

  •    Time period for filing revised returns

  • BASICS OF INCOME TAX

  •    Who is required to file

  •    Clarification over income head

  •    Previous year

  •    Assessment year

  •    Residential status

  •    Tax Computation

  •    Selection of Return

  •      Return for Salary, Interest

  • INCOME SCHEDULE - SALARY

  •    Deduction U/s 16

  •      Tax on Employment

  •      Entertainment Allowance

  •      Standard deduction of 40000 u/s 16(ii)

  • Taxability of Gratuity

  •    Gratuity on retirement

  •    Gratuity on resignation

  •    Gratuity during service

  •    Computation of Gratuity

  • INCOME SCHEDULE - HOUSE PROPERTY

  •    How to compute income from house property

  •      Income from Self occupied property

  •      Income from let out property

  •      Deemed let out property

  •      Income from commercial shop

  • Deduction benefit for House property

  •    Deduction benefit for self occupied house property

  •    Home loan interest benefit under 80 EE

  •    Difference in deduction benefit of 24(b) and 80 EE

  •    Deduction benefit for let out property

  • Tax benefit for prepossession loan repayment

  •    How to claim loan benefit during construction(Section 80 EE)

  • INCOME SCHEDULE - CAPITAL GAINS

  •    Stocks (delivery)

  •      Taxability of ESOPS

  •      Taxability of Foreign ESOPS

  •      STCG on Stocks

  •      LTCG on stocks

  • Mutual Funds

  •    Equity Mutual Funds

  •    Debt Mutual Funds

  • Sale of House property

  • Capital Gains exemption

  •    Compulsory land acquisition

  •      RFCTLARR

  • LTCG Exemption u/s 54

  •    LTCG Exemption u/s 54 EC

  • INCOME HEAD - BUSINESS PROFESSION

  •    Permissible expenses for Business

  •    Disallowances for Business Profession

  •    Presumptive taxation

  •      44 AD ( Business income)

  •        Preparing Balance sheet

  • 44ADA ( Profession)

  •    How to fill financial particulars of Business/Profession

  • Profession

  •    Filing return for LIC agent

  • INCOME HEAD - OTHER SOURCES

  •    Taxability for winnings on lottery

  • Deductions

  •    80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc

  •      Taxation of Sukanya Samridhi scheme

  •      80 CCC- Payment in respect of Pension Fund etc

  •        Deduction benefit of NPS

  •          80CCD(2) - Employer contribution towards NPS

  •          Employee contribution towards NPS

  •            80CCD(1) - Employee contribution towards NPS

  • 80CCD(1B) - Employee contribution NPS.

  • 80CCG - Investment made under an equity savings scheme

  • 80D - Health Insurance premium

  • 80E - Interest on loan taken for higher education

  • 80EE - Interest on loan taken for residential House property

  •    80EE Eligibility

  • 80DD - Expenditure towards medical treatment of dependant

  •    80DD - Dependent person with disability

  •      80DD - Dependent person with severe disability

  • 80DDB - Medical Treatment of specified disease

  •    80DDB - Self or dependent

  •    80 DDB - Senior citizen - Self or dependent

  •    80 DDB - Super Senior citizen - Self or dependent

  • 80GG - Rent Paid

  •    80GG Eligibility

  • 80GGA - Certain donations for scintific research or rural development

  • 80GGC - - Donation to political party.

  • 80RRB - Royalty on patents

  • 80QQB - Royalty income of authors of certain books

  • 80TTA - Income from interest on saving banks Accounts

  • 80TTB - Income on deposits for senior citizens

  • 80U - In case of a person with Disability

  • 80U - Self with disability

  •    80U - Self with severe disability

  • 80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc

  • TAX COMPUTATION

  • TAX CREDIT

  •    Status of Booking in 26as

  •    TDS

  •      Salary TDS (u/s 192)

  •      TDS on income other than salary

  •        Consultancy TDS U/s 194 J (10%)

  •        Contract TDS u/s 194 C (1%)

  •        Interest TDS (U/s 194 A) (10%)

  • TDS ON NRI PURCHASE

  • Property TDS( U/s 194 IA)

  • TDS Credit

  •    Deducted TDS not appearing in form 26 as

  •    26 AS TDS not prefilling ITR

  •    HOW TO MAKE TAX PAYMENT

  •      How to pay self assessment tax

  •      How to pay demand tax

  •      How to pay advance tax

  • TDS Return filing

  • Schedule IT (Taking credit of taxes paid)

  •    Self assessment tax

  •      How to fill in challan details for self assessment tax

  • ADVANCE TAX

  •    How to fill in challan details for advance tax

  •    How to pay advance tax

  •    Cases when advance tax exempt

  •    Computation of advance tax

  •    Penalties for non payment of advance tax

  • TCS

  • HOW TO FILE RETURNS

  •    Due return U/s 139(1)

  •    Belated return

  •      Time period for belated return

  • Nil Return

  • Refund Return

  •    Refund for Bank deducted TDS

  •    Refund for LIC Commission

  •    Refund for TDS on professionals

  • ASSESSMENT PROCESS

  •    Processing of returns

  •      How to change AO Jurisdiction

  •      Time period for processing

  •      E verification

  •        E verify using AADHAR OTP

  •        E verify using Netbanking

  • e Grievance ( e Nivaran)

  •    Delay in processing of returns

  •    Disallowance of Tax credit in 26 AS.

  • e Proceedings

  • Notices

  •    Demand under section 143(1)a

  •    Communication of proposed adjustment u/s 143(1)(a)(vi)

  •      Difference in salary income in return and 26 as

  •      Inconsistency between other source income in filed return and 26 as

  •        Agree to demand for communication for proposed adjustment

  •          Revision after agreeing to proposed adjustment

  • Disagree to demand for communication of proposed income

  • Reassessment Notice under section 148

  • Intimation Notice under 143(1)a

  • Compliance notice for Non Filing of Returns

  •    Income below threshold level

  •    Income above threshold level

  • Defective Returns

  •    How to respond to Defective Notice

  • NRI Taxation

  •    Tax implication for NRI while buying property

  •    DTAA

  •      DTAA ( Tax credit method)

  •        DTAA India Australia

  • DTAA (Credit by Deduction)

  •    DTAA INDIA USA

  • TAXATION OF AOP

  •    TAXATION OF RESIDENTIAL WELFARE ASSOCIATION

  • Return signing capacity

  • TAXATION OF DIFFERENT INSTRUMENTS

  •    Taxation of stipend income

  •      Taxation of Research Fellowship

  •      Taxation of Articleship stipend

  • Taxability of PF

  •    Taxability of PF - withdrawing after 5years

  •    Taxability of PF - Withdrawal before 5 years

  • Taxability of lottery winnings (U/s 115BB)

  • Taxability of Family pension( U/s 57)

  • Taxability of Futures and Options

  • Taxability of pension

  • Taxability of Life insurance plans

  •    Taxability of Endowment Plans

  •      LIC Jeevan Anand Endowment plan

  • Taxability of ULIP

  •    SBI Wealth Builder ULIP Plan

  • Taxability on surrendering of Life insurance

  •    Surrendering of ULIP plans

  • Taxability of Interest Income

  •    Taxation of Fixed deposit

  • Taxation of NSC

  • Taxation of Bitcoin /Cryptocurrencies

  • Taxation of Post office interest

  • Taxation of Mutual Funds

  •    Taxation of SIP

  • Rebate and Relief

  •    Rebate under section 87 A

  •    Arrear Relief under section 89

  •      How to correct form 10 E

  •      How to fill form 10 E

  •      Form 10 E not submitted online

  • Deceased Filing

  •    How to register as legal heir

  •    How to file return for deceased assesse

  • Tax site related issues

  •    How to download tax returns

  •    How to download returns after filing

  • Late Filing after belated period also over

  • RETURN FILING

  •    Employer category

  •    How to convert return to xml for uploading

  •    Salary mismatch in form 16 and 26 as

  •    TDS mismatch in Form 16 and 26 AS

  •    ITR 1

  •      How to show employer NPS in return

  •      How to fill nature of income in ITR1 (exempt)

  •        How to show Gift from relative in return(U/s 56(2)

  •        TAXABILITY OF SALARY ALLOWANCES

  •          Taxability of Earned Leave Encashment

  •          Transport allowance u/s 10(14)(ii)

  •          Child Education Allowance U/s 10(14)(ii)

  •          Uniform allowance U/s 10(14)(i)

  •          Washing allowance U/s 10(14)(i)

  •          Border Area allowance U/s 10(14)(ii)

  •          Transfer Allowance U/s 10(14)

  •          Helper/Assistance Allowance U/s 10(14)

  •          Daily allowance U/s 10(14)

  •          Research Allowance U/s 10(14)

  •          Hostel Expenditure Allowance U/s 10(14)

  •          HRA Allowance U/s 10 (13A)

  • Exempt HRA when not shown in Form 16

  • Salary (ITR 1)

  •    How to show salary arrears in return

  •    How to show Bonus in return

  •    How to show salary income from Multiple companies

  •      Multiple form 16

  • ITR 2

  •    How to take Interest TDS credit in ITR 2

  • ITR 3

  • ITR 4

  • ITR 5 (Firms)

  • ITR 6 (Companies)

  • Common Issues

  •    Difference in salary figures in form 16 and 26 as

  •    How to show investments not considered in form 16

  •    How to file return of earlier years

  •    Send acknowledgement after 120 days

  •    Documents to be attached

  • Common Mistakes

  •    Not taken credit of paid taxes

  • PENALTY

  •    Penalty under section 271 F

  •    Penalty under section 234 F

  • FILING AY 2018 19

  • Clubbing of income

  • TRANSFER PRICING

  • Exempt Income

  •    Exempt LIC moneyback u/s 10(10 D)

  •    Exempt ULIP maturity U/s 10(10 D)

  •    Exempt PF interest

  •      Exempt Statutory PF interest u/s 10 (11)

  •      Exempt Recognised PF interest u/s 10 (12)

  • Exempt Transport allowance u/s10(14)

  • Exempt gift income u/s 56(2)(iv)

  • Exempt Gratuity Income u/s 10

  • Exempt Earned leave at Retirement

  • Exempt HRA U/s 10(13A)

  • Exempt LTCG u/s 10(38)

  • Filing Issues

  • Request

  • General

  • Feedback

Vikas Patel
Does anyone have Excel sheet for tax calculation for salaried persons?
Syed Shaied
santosh kumar Sahoo
GAURAV SINGH
Zac Donahoe
updated profile information.
Zac Donahoe
Rakesh Patil
Sri Maha
santiagojordan
posted a blog.
santiagojordan
Edith Boniwell
updated profile information.
Edith Boniwell
Joel MS
hanif
santiagojordan
posted a blog.
santiagojordan
sravan
Roslyn Pham
updated profile information.
Roslyn Pham
Deepjit Nandi
Ankit