Categories
Pagination Scroll
Ashish Kumar Das

Category : ADVANCE ..,
Solved
Dear Mr. Dutta,
In the month of December'2018 I have received my salary for last three years in arrears which is approximately Rs. 60,000,00/- (Sixty Lakhs). However, my employer did not make any TDS for this amount. I plan to file form 10E to claim relief. But my question is whether I need to pay a...
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Surely you need to pay advance tax ...But, first figure out taxable income for FY 2018- 19 and the arising tax liability ...Now for paying advance tax for FY 2018 19, the rules prescribe that you are supposed to pay 30% advance tax by 15th June 2018, 45% (cumulative)of advance tax is paid by 15th ...
Amlan Dutta
It should be fine, i guess ...take care ...revert if you face any issues
hanif

Category : ADVANCE ..,
Solved
Hello Mr Amlan, would like to know if i miss out date of December 15, 2018 advance tax, can i pay advance tax after 15th december.
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
I believe that you are referring to the second installment of advance tax .... If yes, you can....also, if you do it before end of december, then no further penal interest on the second installment would apply ....
hanif
You mean that for the 2nd installment of advance tax i can even pay advance tax till (assume) 31st December...if yes, then why there is advertisement of advance tax that 2nd installment to be paid till 15th december??????
Pooja Gupta

Category : Computat..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
   likes this.
Amlan Dutta
1.) The services offered can fall under technical consultancy and so benefit of section 44ADA can apply treating as profession and applying presumptive taxation on 50 % of receipts

2.) For ELIGIBLE BUSINESSES , it is at 8 % using section 44AD ------ for eligible PROFESSIONS , it is at 50% using se...
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...
Ritika

Category : Computat..,
Solved
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..
  • Show Placeholder
  • Hide Discussion
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...
Debroop

Category : ADVANCE ..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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...
Debroop
Thank you. Its crystal clear now!!
Dalip singh

Category : Schedule..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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...
Ramarao

Category : How to f..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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...
Vishal

Category : Self ass..,
Solved
I have paid self-assessment tax on 23-08-2018.It hasnt updated on 26as form.How much time will it take to update??
  • Show Placeholder
  • Hide Discussion
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
Vishal
Ok, i have filed my ITR.
sagar dipak parab

Category : Self ass..,
Solved
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 ...
  • Show Placeholder
  • Hide Discussion
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
santosh kumar Sahoo

Category : How to f..,
Solved
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
  • Show Placeholder
  • Hide Discussion
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...
Himanshu sainthiya

Category : Schedule..,
Solved
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
  • Show Placeholder
  • Hide Discussion
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
Manish Raj Gupta

Category : Schedule..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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...