Sayan Mukherjee

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Sayan Mukherjee

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Anonymous

HI Sir,
My father has a own home which constructed in 2003. And all the registration papers were in his name. now we approached home loan to construct first floor. For giving the rent. and my quo is do I get any tax benefit. if I pay the home loan amount from my salary.? And if I get benefit do I ha...
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Anonymous

HI Sir,I have a question from my friend. Please help me on that. X from India went to japan in the year 2008. As a salaried employee. Now he has Rs.35,00,000 of savings in “Japanese yan” currency. If he converts that amount to Indian currency is he need to pay any taxes in India. And what is the...
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renuka s

I need to file tax where there is income from trading - intraday and non speculative and short term gain (which is negative) itr 3 was filed, but it came back from income tax dept as defective. now need to fill up balance sheet and p&l sheets again. I have filled up income from FD. no other source ...
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Anonymous

hello sir, my friend has a small business of Vodafone mobile recharge distributorship. His turnover of 45 lakhs of mobile recharge.And its margin is only 1% It works for mobile repair and trading.So which income tax form is to be used for claiming refund
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Amlan Dutta
In case his income falls below threshold levels, he can file on actual basis business return (ITR 3 presently) and claim refund in case any TDS has been deducted on his receipt.
i was about to suggest presumptive but i see that his income falls below the mandated 8 % for presumptive income

Note that ...
  • February 5, 2018
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Kumar Raja

Hello sir My father is a farmer. he sold his agricultural land for 11,00,000 in 2012-13 and deposited the amount in a savings bank because of fear of keeping money at home .Later, we purchased a new land. But shortly, my father received a notice from IT department subject to Non ...
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Amlan Dutta
If he has sold agri land , it must have resulted in capital gains ( only sale value minus indexed cost ) ...say 5 lakhs . This 5 lakhs if again invested in agri land under capital gains section is exempted ....however the department neither knows the nature of income or investment and as such is th...
  • February 4, 2018
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Dilip dwivedi

Can I show arrears money of 2015-16 in 2017-18 by 10E because my 10E form not accepted in 2016-17?????
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Amlan Dutta
Whichever year , you have received the arrears in , you are only entitled to show the arrears in that year alone and claim relief ( not other years).

I assume that you have received the arrears for 2015-16 in the year 2016-17 . So , you are entitled for benefit of arrears in year 2016-17 alone. If f...
  • February 1, 2018
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Anonymous

I am P S Majee a govt.employee working as a teacher I have some query regarding NPS contribution of employer as well as employee contribution to NPS.My basic+da amount total for FY-2017-18 IS 497632 and my contribution as a employee in NPS is 49761 and my employer contribution in NPS is same ,accord...
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KARMVEER SINGH
Employee contribution in respect of NPS is eligible to take deduction u/s 80ccd(1) which comes u/s 80C extent upto Rs 1,50,000 but for claiming deduction u/s 80ccd(1b) u have need to deposit separately as voluntary contribution in NPS. For taking deduction u/s 80ccd(2) whether employer contribution...
  • January 28, 2018
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Anonymous

For AY 2017-18 I had filled ITR-3 and got refund as well but the department didn't consider the losses mentioned by me in future and options,
I am aware tat rectification can be filled but can you please guide me audit is required or what ?
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Amlan Dutta
Yes, i have recently seen cases where for business losses audit is required mandatorily. Though i am not in support of this opinion after having read section 44AD and 44AB(Audit) but the department and the return utility itself makes it clear that if loss is declared from business ( or profession)...
  • January 21, 2018
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Anonymous

Sir I am a student and also an Agent of IFFCO TOKIO vehicle insurance company. I am getting small amount of commission. Which ITR should I file?
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Amlan Dutta
You can file ITR 4 and show commission income at 50% only using 44ADA
  • January 19, 2018
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Anushka Agarwal
You can use ITR 1 annd show the commission income as income from other sources
  • January 24, 2018
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Anonymous

Sir Which amount mention in 10E gross or net of arrear
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Anushka Agarwal
https://www.youtube.com/watch?v=7VZGg3BQDIA,
  • January 24, 2018
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Anushka Agarwal
Link of the video from where u can learn to file form 10E
  • January 24, 2018
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LOKENDRA
shared...
LOKENDRA
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Anonymous
posted a question "Dear Sir,

I have income from Intra day ...."
Anonymous
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Anonymous
posted a question "Dear sir
I m govt employee
I have receiv...."
Anonymous
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Sayan Mukherjee
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Sayan Mukherjee
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Sayan Mukherjee
posted a question "Hi Amlan..... Sorry for double posting ... I was u...."
Sayan Mukherjee
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Sayan Mukherjee
posted a question "Hi Amlan..I need your help In a matter of Long ter...."
Sayan Mukherjee
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Sayan Mukherjee
Super helps !!!! Thanks man....
  • February 19, 2018
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Anonymous
posted a question "Hi Amlan.....
My father was a government empl...."
Anonymous
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Dr Rakesh Kumar
posted a question "Sir
I purchased a flat in 33 lakh while marke...."
Dr Rakesh Kumar
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PARTHA SARATHI MAJEE
posted a question "Amlan Sir,how can i show exempt income of ppf inte...."
PARTHA SARATHI MAJEE
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Anonymous
posted a question "HI Sir,
My father has a own home which constr...."
Anonymous
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Anonymous
posted a question "HI Sir,I have a question from my friend. Please he...."
Anonymous
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renuka s
posted a question "I need to file tax where there is income from trad...."
renuka s
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PARTHA SARATHI MAJEE
posted a question "SIR, I m a govt.employee I m getting sallary from ...."
PARTHA SARATHI MAJEE
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Amlan Dutta
You can check your 26as to check whether you have any tax credit available on account of TDS deduction from this mobile tower .....in case you have you can seek credit in TDS schedule 2 else you can leave it blank ...... ( you will find TAN in 26as ).....you can show income under other sources ....

Y...
  • February 11, 2018
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RAHUL RUHELA
posted a question "Sir,
After submitting rectification request ...."
RAHUL RUHELA
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Amlan Dutta
It must be section 156 , demand cannot be raised under 154 ...rectification request is passed and order made by assessing officer under section 154 ....if you feel that the demand is incorrect then file a rectification request under 154 else pay of the demand .....
  • February 10, 2018
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Ravindra Kumar Sharma
posted a question "I want to know regarding the income in Form 26 AS ...."
Ravindra Kumar Sharma
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Amlan Dutta
What you shall have in 26 AS is normally FD interest income because the saving interest income for individuals is usually less than 10,000 Rs and for savings no TDS is deducted below this amount ...it is safe to assume that the tax credit statement (26 as) figures pertain to fixed deposit/recurring...
  • February 11, 2018
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ABHINAV RASTOGI
posted a question "Hi,
This side Abhinav. I am a Salaried Employ...."
ABHINAV RASTOGI
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Amlan Dutta
TDS on salary should be a number , i am not sure of what you are filing in your TDS schedule , you can keep it blank as well in case no TDS has been deducted ...If possible , try using the online utility for return filing and you should be fine
  • February 10, 2018
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Anonymous
posted a question "Hi Amlan,

Mujhe ITR-3 me Home loan Dikh...."
Anonymous
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Amlan Dutta
Under schedule house property (HP)of the return ,you can show your home loan interest portion under deductions
  • February 10, 2018
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Anonymous
posted a question "is the signature of employer is mandatory on form ...."
Anonymous
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Amlan Dutta
No signature is required , you can see the whole process live on my youtube channel , you simply need to fill the 10 E form before claiming the equivalent relief in tax return
  • February 10, 2018
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Anonymous
posted a question "Hello Sir, I have a query regarding TDS on propert...."
Anonymous
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Amlan Dutta
1. The property is bought jointly in the name of me and wife, so is it ok to do the TDS in any of ours PAN.

Based on how much each is paying property first determine ownership ( not by the fact that the property is in joint names )
Likewise determine ownership of property to be sold

Then for each un...
  • February 10, 2018
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KARMVEER SINGH
posted a question "What to do when 'U' Shown as status of B...."
KARMVEER SINGH
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Amlan Dutta
Yes , until it shows "F" implying final , it means that your TDS deducted has not been totally accounted for and you should take up with deductor for processing of the paid taxes
  • February 10, 2018
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