Anonymous

Dear Sir,

I have income from Intra day trading and STCG, could you please tell me how to fill PL statement and Balance sheet in ITR-4?

my basic question is do I consider STCG income in PL statement ?

Thanks
Leeladhar
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Anonymous

Dear sir
I m govt employee
I have received salary arrear of 250000 in fy 2017-18 nps deduction is25000.net arrear is 225000.
My q is.
1. Which figure will mention in 10 e in column in arrear for tax purposes
250000 or 225000?
2.In which fy calculate My nps deduction of arrear 25000rs .
Current FY or releva...
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Sayan Mukherjee

Hi Amlan..... Sorry for double posting ... I was unable to log in.. but thanks god..
Please help me in the following matter.....
My father was a government employee and he retired in December 2017.
His got 30 lacs from gpf + gratuity + commuted leave etc in January 2018.
He got 25 lacs in January 2018 f...
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Anonymous

Hi Amlan.....
My father was a government employee and he retired in December 2017.
His got 30 lacs from gpf + gratuity + commuted leave etc in January 2018.
He got 25 lacs in January from selling a 20 year old property.
He got salary till December and now gets pension from January....
So in FY 2017- 1...
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Dr Rakesh Kumar

Sir
I purchased a flat in 33 lakh while market value of that property (as per govt value) was 40 lakh. I pay registry charges according to 40 lakh. Now, my question is: I have to again pay tax on 7 Lakh (40-33 lakh) as a income.during return filing
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PARTHA SARATHI MAJEE

Amlan Sir,how can i show exempt income of ppf interest or gratuaty income in ITR-1 for ay 2017-18 or fy 2017-18 ?I have seen your tutorial but it was of ay 15-16 but now in itr 1 there are are four slot in tab of tax paid & verification to report exempt income one of them is other under D13.SLNO(iv)...
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PARTHA SARATHI MAJEE

SIR, I m a govt.employee I m getting sallary from my employer as well as I m getting 135000 rs yearly rent from mobile tower company as a income frome other source in my saving account.Now here is my querry-
1.Which itr I should fill?
2.If I choose ITR-1 may i...
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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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Ravindra Kumar Sharma

I want to know regarding the income in Form 26 AS from Bank. Is this income is combination of FD interest and saving intrest or it is the seperate from saving bank interest.

Thank you

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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Anonymous

I am a government employee appointed on September 2012. I have not filled ITR for AY 2015-16,2016-17 because my income is under the taxable income value.Now I received salary arear in December 2017 for the financial year 2014-15 & 2015-16.(AY 2015-16&2016-17).

Here is my queries
1. Do I have to fill...
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Amlan Dutta
1. Do I have to fill ITR for those AY before I fill form 10e for relief under section 89.


No , as far as arrears are concerned , you will only fill for FY 2016 17 ( AY 2017 18 ) , since receipts are in AY 2017 18.

2. My gross salary arrear is including NPS deposits (my contribution and government co...
  • February 10, 2018
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RAHUL RUHELA

Sir,
After submitting rectification request for 10E in my ITR form I have got a new demand under section 154 which pertains to advance interest under section 234 b and 234 c that demand 1337 rupees....Which rectification type I have to fill about that
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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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Dilip dwivedi

I have submitted income tax form manually for A.Y 2018-19 including (march 2017 to Feb 2018 salary+ arrear 2015-16). .on
dated.02/2/2018. My confusion and question s are..

1-when I can fill 10E online ??Before or after generating form 16 .??..because my department will not fill 10e online and dedu...
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Amlan Dutta
Company never fills 10 E online , they simply give you form 10 E based on which you fill it online before claiming arrear relief in tax return

They shall put down the relief figure under a certain small heading ( relief under section 89 ) in your tax return.
You can accordingly then fill 10 e online ...
  • February 8, 2018
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Mahendrakumar Kolhe

Hello. I have 2 home loan ac for 2 houses. last year I filed ITR2 for same with claiming loss from house property. This year as per the new budget norms loss from house property for all properties is capped at 2 lakh. My doubt is 1 home loan account is enough for me to show loss of -1.80 lakh. so Ca...
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Amlan Dutta
Please note that loss from not all house properties but SINGLE house ( single or let out ) is both capped at 2 lakh rupees!

If somebody has two houses , the maximum loss would be 2 lakh for each property i.e 4 lakh rupees

For a person having multiple houses, one house can be shown as self occupied ....
  • February 6, 2018
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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...."
Anonymous
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Sayan Mukherjee
shared...
Sayan Mukherjee
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Sayan Mukherjee
posted a question "Hi Amlan..... Sorry for double posting ... I was u...."
Sayan Mukherjee
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Sayan Mukherjee
posted a question "Hi Amlan..I need your help In a matter of Long ter...."
Sayan Mukherjee
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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...."
Anonymous
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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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