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Ritesh Chaudhari

Category : INCOME S.., Income t..,
Solved
January 2, 2020 1:13 pm
Hello Sir ,
I have 2 flat in Pune one is self occupied and second is rented. There is no join co owner for both flat.
I have Home loan on self occupied property but no loan on rented property.
Because of that I need to pay huge tax(30 %) on rented income.

Can I show rented income on my wife's's IT...
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Amlan Dutta
You cannot show rent in wife's name ....since you are the owner of the property , it has to be show in your name only. Even if you take rented income in wife name , the rental income shall be clubbed to your income and you shall be paying taxes for it.
  • January 2, 2020
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Aakash

Category : Income f.., Capital ..,
Solved
August 13, 2019 8:11 pm
Sir,My mother purchased a new home last year and for a half year I was paying rent to her under old home and I started paying rent on the new property. She has income from 2 house property.I have 2 questions- Should she file ITR1 or ITR2? As she has income from 2 house property.- She sold her old ho...
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Amlan Dutta
She will file ITR 2 and show income from both house property ...whatever capital gains she got from old house, to that extent if she has invested in new house she can claim exemption u/s 54, but capital gains and it's subsequent exemption in return has to be shown in tax return !
  • August 14, 2019
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Aakash
If she shows rent from one property only and another one is self-occupied even than she needs to file ITR2?
  • August 14, 2019
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aruns25

Category : Deductio..,
Solved
August 3, 2019 1:45 pm
sir...is interest and principal amount of top up for home loan is deductible under sec 24 and 80c?
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Amlan Dutta
If same loan has been topped up and for same purpose then yes else no .....sometimes one would top up for other purposes like doing some interiors etc , if topup has been done for such reasons then no ...if loan has been topped up for sole purpose for buying of house then the benefit of repayment to...
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  • August 3, 2019
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Ujjwal Kundu

Category : Income f.., 80U - Se.., Transpor..,
Solved
July 30, 2019 2:32 am
Dear Amlan sir,
I'm govt.salaried, disabled (60%). I filed my itr1 using annual salary statement sheet where I've claim exemption u/s 10 by Rs 4800 and dedication of Rs 75000 u/s 80u and submitted and e-verified the ITR.
Now I come to know that in form 16(provided by employer) Rs 75000 shown as HBL ...
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Amlan Dutta
So, i presume there was no HBL interest and it was indeed 80 U ...sure there can be chances of a mismatch notice but if your actuals are correct you can defend your position under e proceedings accordingly..regarding exemption on conveyance allowance , i don't think it exists anymore ...the conveya...
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  • July 30, 2019
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