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Pooja Gupta

Computation of advance tax...
Hi Amlan! Saw your work on Youtube and Facebook today about making Knowledge free and am really impressed with your endeavours.

Could you please help in below case as we are not able to get any relevant information online or offline. Even Govt of India's income tax website doesn't give requisite inf...
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Mohit
Hi mr amlan,
  • October 30, 2018
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Mohit
I filled my ITR 4 44 ada, according to my 26as 99% TDS deducted under section 194j , but one party deduct TDS under section 94 c, at first time I have shown all income under section 44 ada, but income tax department send me notice for this mismatch ( mentioning that Rs 19200 is not the part of 44...
  • October 30, 2018
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Ritika

Computation of advance tax...
Hi original return was filed in June 2017, it's for AY 2017-18.check for calculations of 234 b..it will be great if you let me know it is calculated..
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Amlan Dutta
...Section 234(b) guides on penal interest for non payment of advance tax i...when payment is less than 90% of advance taxes due.... .....Interest is calculated @ 1% on Assessed Tax less Advance Tax paid ..... part of a month is rounded off to a full month..... say advance tax due was 100 rs and s...
  • October 5, 2018
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Debroop

ADVANCE TAX...
Hi Amlan,

Regarding the advance tax payment, your video was really helpful to understand the concept. The query i have on the same subject is, "since it is an estimated tax we are calculating for the FY 2018-'19 and for any reason I happen to to pay more than the required installment of advanced tax...
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Amlan Dutta
You may term it adjustment but the way it gets adjusted is vide the concept of cumulative amount ...if you pay extra , then the next installment which is 45 % ..you just pay enough to make it 45 rather than what you would have originally paid ...let me explain with a example ...say you have determi...
  • September 16, 2018
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Debroop
Thank you. Its crystal clear now!!
  • September 16, 2018
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Dalip singh

Schedule IT (Taking credit of taxes paid)...
Dear sir
I have filled itr before 31st Aug 2018. In this ITR I had submit e-tax 4000 through net banking. I have not knowledge of fill a tax detail while filling itr. After watching your video I come to know my mistake. Now I want to rectify it. How I rectify itr after submit and what are the chang...
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Amlan Dutta
Click on answer options - video for this answer to check tutorial.

Steps for correcting the return for taking credit of e paid taxes not shown in return

Check in tax filing status whether your return has been processed or not ...if not processed , you can revise return using section 139(5) and clai...
  • September 6, 2018
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Ramarao

How to fill in challan details for self assessment tax...
Hello Sir,
I had paid tax from site "www.incometaxfilingindiaefiling.gov.in" from the link "e-Pay Tax" in tab "Taxes Paid and Verification" of ITR1 ( paid tax on 28-08-2018 ). Though i paid the tax but still its showing "D13 Amount Payable " as same amount Rs 7320 which i already paid. I go...
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Amlan Dutta
You have to take credit of the paid taxes in schedule IT i.e show there that you have paid taxes of 7320 Rs ...it is only then that your credit shall reflect and the tax payable shall become zero ...there is no reason why you should not be able to do that ...in case you don't make tax liability , yo...
  • August 29, 2018
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Vishal

Self assessment tax...
I have paid self-assessment tax on 23-08-2018.It hasnt updated on 26as form.How much time will it take to update??
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Amlan Dutta
Usually 10-15 days ...you can claim TDS credit in this case ...because by the time the return gets processed the credit should start reflecting in your tax credit statement
  • August 25, 2018
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Vishal
Ok, i have filed my ITR.
  • August 25, 2018
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sagar dipak parab

Self assessment tax...
Sir
I filed ITR 2 . Paid exact amount self assessment tax as per shown in column of Tax payble. Everything completed and e verfied also. When i see acknowledgement page of ITR 2. Total tax payble amount is greater than Taxes paid by 2 rs. I attached herewith picture file for your reference.
Please ...
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Amlan Dutta
There will be no problem..anything below 10 rs is nullified by the department....wait for the intimation assessment to arrive ...i think it shall be nulled else if at all it request for a demand of 2 rs ( which it wont) , pay it off using challan
  • August 21, 2018
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santosh kumar Sahoo

How to fill in challan details for self assessment tax...
Sir i have already filed ITR for AY 18-19. Now facing problem while paying tax in bank website as it is asking some fields as Basic Tax amount, surcharge,edu cess,interest, others,. no field available for TDS (tax paid)and sec 89 relief. i attached the ITR file . pse guide
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Amlan Dutta
the return itself shall help compute all this ....check the tax computation page for breakup ...total interest is interest for 234 A, B, C combined ...you will get figures of education cess also here ...deduct payable tax liability from these two to arrive at tax figures ...rest of the question seem...
  • August 15, 2018
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Himanshu sainthiya

Schedule IT (Taking credit of taxes paid)...
Hello sir
very good morning
i have one query regarding e-chalan 280. plz tell me sir after submitting a tax by using e chalan, what is the processes to get a tax credit in itr- 2
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Amlan Dutta
Check video answer option for this answer to see the exact things you need to do ...basically in tax details tab, under schedule IT you need to fill up details of the taxes paid for claiming credit
  • July 27, 2018
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Manish Raj Gupta

Schedule IT (Taking credit of taxes paid)...
Sir maine online tax pay kiya h lekin sir mere account se same amount 2 times aur automatic debit ho gya h sir kya mai dubra refund ke liye ITR revised kru , paisa kaise refund hoga kya kru kuch samjh me ni aa rha h plzz help...
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Amlan Dutta
Say , self assessment was 100 and you paid 200 , you will seek credit of 200 in IT schedule...The return will automatically compute refund of excess taxes i.e 100 rs and credit to your account once assessment complete ...if you have not taken credit of 200 Rs , file revised return taking credit of t...
  • July 23, 2018
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Md Khursed Alam Ansari

Schedule IT (Taking credit of taxes paid)...
Sir, maine return file kiya hai, tax paid kiya hua from e pay tax ...Par acknowledgement mei abhi bhi tax payable bata raha hai ...Tax paid nahi..Sir please help

But I have filed and submitted the return before paying the tax ... So, now I need to revised it or what..
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Amlan Dutta
Say you have paid taxes of 100 Rs as self assessment tax , your question is that the return still shows tax payable as 100 Rs ....you are therefore not just required to pay but also required to take credit in schedule IT for the taxes paid( in the challan receipt you shall details for BSR code, chal...
Say you have paid taxes of 100 Rs as self assessment tax , your question is that the return still shows tax payable as 100 Rs ....you are therefore not just required to pay but also required to take credit in schedule IT for the taxes paid( in the challan receipt you shall details for BSR code, challan number , date and amount paid ) ..It is only then that you shall see the credit appearing in return under self assessment tax ,,,i have shown a example of 100 rs credit in the attached picture ...<br /><br />check answer options - video for this answer to see process for revision of return....next time, ENSURE  to select category properly to avoid query getting deleted Say you have paid taxes of 100 Rs as self assessment tax , your question is that the return still shows tax payable as 100 Rs ....you are therefore not just required to pay but also required to take credit in schedule IT for the taxes paid( in the challan receipt you shall details for BSR code, challan number , date and amount paid ) ..It is only then that you shall see the credit appearing in return under self assessment tax ,,,i have shown a example of 100 rs credit in the attached picture ...<br /><br />check answer options - video for this answer to see process for revision of return....next time, ENSURE  to select category properly to avoid query getting deleted
  • July 23, 2018
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Shubham Bauskar

How to pay advance tax...
Sir, Can i pay whole tax in advance by challan..? Is there any problem if i don't deducts tds from salary..?? Because my fathers employer didn't file tds return from last two year
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Amlan Dutta
You can pay whole advance tax by challan.....there should be no problem ...refer to answer option video for this answer for relevant video
  • July 21, 2018
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