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Mahendrakumar Kolhe

Category : General..,
Solved
Hi Amlan

I filed ITR 2 (AY 2018-109) for income from salary + two house properties + FD income.
As per INTIMATION U/S 143(1) its showing Tax demand of rs 980. But If we see TDS AY 2018-19 the TDS from state bank of India showed wrongly calculated under tax credit available. I have attached ...
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Amlan Dutta
This is a mistake by the department , you can disagree to the demand raised and raise a rectification request for tax credit mismatch i.e TDS claim amount(rs 2101) vs TDS available amount (rs 1124). You are entitled to TDS amount of 2101 for the FD portion so there is no question of disallowance b...
Dhirendra Pandit

Category : General..,
Unsolved
Gross total income should not vary with the processed return?

In my case my form 26AS were not updated properly and i have filed the ITR with Form 16 data to avoid any delay penalty. Later on form 26 AS got updated and i got an rectification request. I have tried to correct the data under section 1...
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Amlan Dutta
Here it is important to understand the difference between rectification and revision and who does each of it ...the assesse does revision and the department does rectification ......In simple words you have claimed something and the department has made a mistake in the intimation assessment ( or oth...
deepak

Category : General..,
Unsolved
Sir,
Please guide me how will i pass entries for grandfathering LTCG loss in books of accounts (If i have account in icicidirect). I have some shares more than one year holding ...I am in profit when i consider actual cost price but when i grandfather the cost , i arrive at a loss i.e i have share ...
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Gabru punjabi

Category : General..,
Solved
Hello sir
I am central govt employee with my Nps cont. 96000rs and Govt cont. Is also 96000rs
I have my PLI which is also 96000rs
Now how can i claim benefit of 192000(my NPS plus pli)
Can i do like that- 1st Use my 80ccd1b window for nps cont i.e 50k
Remaining 46k i will put into 80C/80ccd1 along...
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Amlan Dutta
Yes, you can invest part of your NPS contribution in 80 C .........and balance in 80 CCD(1B) ........and yes, postal life insurance benefit can be claimed in 80 C...........
Gabru punjabi
Thank you sir for ur answer! Are you a CA?
SAGAR S BADNERKAR

Category : General..,
Solved
Hi Amlan,
I am a salaried person also I am an active trader in future & option. through internet i come to know that while filing return we need to go for audit from CA. although my turnover is below 1 crore and i didnt turned up with profit also. what I should do?
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Amlan Dutta
Futures and options is considered as normal business ( not speculative) income...the trader is required to maintain normal books of account under section 44AA
If the annual turnover is more than 1 Cr or the trader declares profit less than 8 % of the turnover , only then audit is required

Here turnov...
Aman Arora

Category : General..,
Solved
i want to take vat no ,,and want to give 2 fds,,,for taking vat no worth Rs 50000 each ,,,so,ples tell me in whose name these fd will be made wheather in favour of excise department or assessee own name it is made?????
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Amlan Dutta
Question is unclear ....where does excise come in between .....vat is related to sales registration .....can you please elaborate the question in much more detail please so that i can understand better ..
Rishabh Sidana

Category : General..,
Solved
Sir can you send me link of ITR 4 Tutorial.
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Amlan Dutta
It is all there on YouTube .....just search for the same using YouTube search. ...
Ajit S. G.

Category : General..,
Solved
Hello Amlan.

I understand that if a husband gifts some amount to his wife and she invests the amount as FD in her name, the interest earned is supposed to be included by the husband as his own income while filing his return while the wife need NOT declare the same. But the bank will do TDS and issue ...
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Amlan Dutta
Wife will show nil income and claim TDS credit and seek refund. Husband will show income and will be responsible for paying taxes . He won't be able to claim tax credit but anyways in a way he is getting back the TDS in a way when the wife gets back the refunded TDS . In scrutiny assessment if the a...
Dhiraj Punj

Category : General..,
Solved
I got below intimation from TDS CPC

" Defaults have been identified in the Regular statement filed by you for Acknowledgement Number AC144756 and processed by ITD u/s 200A. "

Can you be kind enough to guide me:
- how can I do this payment offline at my bank and
- what is the process( names/numbers of ...
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Amlan Dutta
From what you say it appears that you want to make TDS payment ...if such is the case then use challan 281 to make the demand payment.
The bank will give you a challan receipt for the proof of such payment .
From what you say it appears that you want to make TDS payment ...if such is the case then use challan 281 to make the demand payment.<br />The bank will give you a challan receipt for the proof of such payment .
Ajay Patidar

Category : General..,
Solved
sir..... how to prepare & fill up M.P VAT RETURN FORM 10 ? please guide us through video in hindi
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Amlan Dutta
I don't guide on procedural issues and form filling .
Ajay Patidar
ok
Radheshyam Shah

Category : General..,
Solved
Sir, I want to file ITR for my income from salary and want to claim tax refund.How can do this?
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Amlan Dutta
First fill up your income details from salary and savings in the tax return ...the return will itself compute the tax on total income as per slabs

Next claim the salary deducted TDS in the TDS details sheet.....
Check whether the TDS deducted is more than the tax liability as per slabs
If more TDS...
Rajendran kanniyakumari

Category : General..,
Solved
sir,
my friends a govt. employee who has already registered his name in efiling,
but now don't know about the password of efiling website,
or secret questions or the given mob number or email.
now he wants to efiling to return, he never before efiled ,
have any options to open his lost password s...
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Amlan Dutta
Ask him to log using internet banking or retrace password using forget password options ...please don't ask me procedural based questions