Anonymous

can some one tell me , i have paid 45000 Lac Tax between July to Dec 2016 in Ireland and during the same time i Paid around 2 lac tax in india,while applying tax credit under DTAA ,will i be refunded the taxes paid in ireland duing that period or only 2 lac whih i paid in india
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Amlan Dutta
Check DTAA agreement for India Ireland and accordingly claim tax relief under 90/91 (as applicable)..most countries have tax relief under credit mechanism ...check my tutorial on Youtube on how to claim tax credit by credit mechanism
  • January 13, 2018
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Anonymous

Under DTAA with USA, can we claim exemption for total income tax deducted under Federal, State, Medicare ans Social Security Taxes? Or only Federal? I could not find this answer anywhere. I have been looking for one month. 30th july is near. please help. Thank you.
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Amlan Dutta
( Firstly In the case of USA , after study of the comprehensive bilateral agreement we discover that the tax relief for a indian resident who has suffered double taxation on american income both in america and India can use deduction method to seek tax relief on such doubly taxed american income,
Und...
  • January 18, 2018
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antony arun

Hi Amalan, I watched your YouTube videos on DTAA. Thanks for providing such an informative session and you are an inspiration. I have a question. My case is as below for FY 2016-17:
I worked in Australia during August 2016 to October 2016. AndI worked in USA during Feb 2017 to March 2017. So I am a r...
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Anand Shah

Hello Amlan,

All your videos are wonder full and helpful. I need your help on filling the ITR2 for rsu recevied, dividend recevied, sale of foreign stock listed in nasdaq.


Regards,
Anand
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Anonymous

I was in India from April 2015 to Mid Jan 2016 (282 days) and in USA from mid Jan, 2016 to Dec,2016.

So for the period of mid Jan,2016 to Mar,2016 I was a resident of both India and USA for tax purposes.

Do I need to pay taxes in India for the income earned in USA for that period. Can I use Article 16...
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Anonymous

Hi Team,
I was on dual payroll (India n Netherlands) from my IT company during FY 2015-16. My Form -16 shows the foreign income. I have filled ITR-1, but now received a letter from CPC that I need to pay tax as they have not considered relief under section 90. Can I file ITR 2 now? Will it be conside...
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Amlan Dutta
Not a letter , but you received intimation under section 143(1) ....you can still revise return under 139(5) and fill up ITR 2 .....also better if you meet assessing officer personally and explain the case once
  • February 18, 2017
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Amit Shrivastava

Hi Amlan,

Two Queries

1) I want to confirm my understanding of DTAA with Australia. I think as per the Article 24 the proportion of indian tax (if less) will be applicable. From your example you took in your video; Tax paid in Australia 300000 and proportion in India 248000 then 248000 will be applica...
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Amlan Dutta
1.) I haven't studied the DTAA agreement .Please study the DTAA agreement between India and Australia and check whether the tax relief is using credit , deduction or exemption method.....
Only if it is by credit method , then the tax relief will be lower of the average tax rates as explained

2.) Any ...
  • July 13, 2016
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Soham Roy Chaudhuri

I was in Australia during 8 July 2013 to 12 July 2014 for an assignment of TCS ( Tata Consultancy services).

During the tax return file of assessment year 2015-16, mistakenly I filed using tax return ITR-1 and could not show the income in Australia for April 01 - Jul 12, 2014 (I had no idea that th...
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Amlan Dutta
I presume that by now you already know how to declare foreign income and claim tax relief and you simply wish to know the procedure to correct what you couldn't declare in original return filed under section 139(1)

Here , the process of correction in original return is termed revision and you will n...
  • June 2, 2016
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pallavi

Hi Amlan,I am your Big fan,I want to know about you...Can we be friends?and when are you going to give me a session on finance...am waiting eagerly.do reply at the earliest.
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Amlan Dutta
Nice to know, madam ....i will be creating a exclusive workshop on finance shortly ...i will keep you posted about it ....
  • May 31, 2016
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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...."
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Sayan Mukherjee
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Sayan Mukherjee
posted a question "Hi Amlan..... Sorry for double posting ... I was u...."
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Sayan Mukherjee
posted a question "Hi Amlan..I need your help In a matter of Long ter...."
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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...."
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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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