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G N Sah

Category : 80TTA - ..,
Unsolved
March 30, 2021 12:26 pm
Dear Amlan,
I have a joint saving account with my wife and she is not earning. I am the primary account holder and generally I deposit money in this account. Can the interest earned in this account be shared by both my wife (50%) and me (50%) ? If yes, then does she need to fill IT return by showing ...
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Amlan Dutta
No dear , the interest earnt would be treated as your income only ...basically even if the account is in her name and she gets interest , this would attract clubbing provision and get added to your income only ......
  • June 16, 2021
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ADITYA MAHATO

Category : 80TTA - ..,
Solved
August 12, 2019 4:03 pm
sir,
Hope you are well.This is the time when people knock your door to beg alms of your great-wealth i.e. knowledge.
This year I got savings interest Rs 21661 and i have shown it with fixed deposit interest approx Rs 8000 in the row of income from other sources.
How much can I claim in 80 TTA row out ...
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Amlan Dutta
If you observe carefully, the other sources field this time has interest fields from savings and fixed deposit clearly separated ...so you will show FD interest 8000 under income from fixed deposit and interest from savings 21661 under interest from savings .....Now under 80 TTA , you can then claim...
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  • August 12, 2019
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Samir Mehta

Category : Income t.., How to f.., Due date..,
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  • Income tax
  • How to fill ITR
  • Due date for filing returns
  • Tax payment
  • Residential status
  • Tax Computation
  • Selection of Return
  • Deduction U/s 16
  • INCOME HEAD - OTHER SOURCES
  • 80TTA - Income from interest on saving banks Accounts
  • TAX COMPUTATION
  • NRI Taxation
  • ITR 2
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    Solved
    August 3, 2019 11:45 pm
    Hi Amlan, first let me thank you for your valuable feed back, thanks. I have few more queries related to ITR filing, please find below;
    1.I assume ITR filing date has been extended to August 31st, is it for ITR-2 filing
    2.Which ITR form to use for a student studing in USA, left on August 9th 2018 - to...
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    Amlan Dutta
    Please find below pointed answers to your queries,

    1. I assume ITR filing date has been extended to August 31st, is it for ITR-2 filing

    Due date when extended is not form wise like 31st August for ITR 2 , 20th September for ITR 1 , 15th December for ITR 3 etc ..
    It is for all individuals having non au...
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    • August 4, 2019
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    Ujjwal Kundu

    Category : 80TTA - .., Interest..,
    Solved
    July 11, 2019 5:52 am
    Sir,
    Bank deduct TDS on savings account interest.
    My total savings account interest in fy2018-19 was 26780 and bank deduct 2680 as TDS which reflect in my 26as u/s 194a.
    My question, is savings account interest fall u/s194a?
    Can I claim deduction u/s 80tta?
    (As far as my knowledge concerned, bank can't d...
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    Amlan Dutta
    Yes, you are right , TDS doesn't apply on savings interest. Bank shouldn't deduct TDS on savings interest ......if it has deducted, it is a mistake ...
    You can surely claim benefit of 80 TTA on lesser of savings interest or 1000 rs ...which bank , in between ,lol , these institutions also are commit...
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    • July 11, 2019
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