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RAJU M

Category : Intimati..,
Solved
Sir i recieved notice from income tax dept 143 (1). How to treat this sir
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Amlan Dutta
143(1) is intimation assessment and not notice ..usually department serves notices under section 143(2) and 142(1) ...i have a video on how to study and understand the 143(1) intimation assessment ...it is basically department's take ( preliminary initial assessment )on the filed return by agreeing...
Avin Rai

Category : Revised ..,
Solved
Sir, can I file a revised return for 2018-19 after I received intimation 143(1) for AY 2018-19. I missed adding income from other sources and loan deductions.
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Avin Rai
Still, it is showing "ITR-V received". But I received 143(1) in my mail. So, I think I can revise. Am I right sir?
Still, it is showing "ITR-V received".  But I received 143(1) in my mail. So, I think I can revise. Am I right sir?
Amlan Dutta
yes, it means simply that the acknowledgement has been received
Kirti Menkudle

Category : TDS ON N..,
Solved
Hi Sir,
We are planning to buy a house property worth 1.03 Cr agreement value in the joint name and joint home loan of myself and my husband. The property is also in the joint name of husband and wife and they have an Indian Pan card. However, their status is NRI. As per the rule banks says upto 23....
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Amlan Dutta
1. What things / documents should we ask from him for his investment in bonds. (Worried coz buyers are liable to pay TDS & dont want any income tax notice for not giving TDS)

Why should you even want to know whether he will get capital gain exemption or not
This has no bearing on deduction of TDS
S...
Kirti Menkudle
Thanks a lot Sir for your elaborate answer to each and every query.
Appreciate your time and effort to help people like me who are not aware of many facts.
Mahesh S

Category : How to c..,
Solved
Sir, I have a single House property which is let out(Rent 10500 p.a.,) and also a Home loan(Interest paid this year Rs. 2,78,000). But I stay in a rented house at a different place. Income from salary is 607950. Whether I have to include the rental income as Income from House property ? Can deductio...
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Amlan Dutta
Yes, you will show rent income under income from house property and surely, you can claim deduction benefit of home loan interest to the extent of 2 lakh rupees ......the computation itself for income from house property for let out house besides 30 % net annual value takes take into account inte...
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...
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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
Hemant Modi

Category : Tax Comp..,
Unsolved
Hi,

I am a government employee. I had got a notice to pay an excess salary which was credited to my account a couple of years back. Below is the amount.
Base Amount: 52000
Interest Amount: 62000
Total: 114000

I have paid the above amount to the employer. Please let me know if I am eligible to get tax exe...
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Amlan Dutta
The year in which you got the amount i.e salary and interest , the same year , you had to declare and pay taxes ...salary under salary head and interest under income from other sources ......for question of exemption and other things , refer to your form 16 provided by employer ....Interest has no e...
Ajit

Category : Rectific..,
Unsolved
Sir, Editing as per your suggestion:
As per 26AS i can see tax credit of 2,21,751. Also this can be seen in form-16. But in the intimation letter all these amount is not being taken care. I wish to do a rectification but when i am trying to do so the amount 2,21,751 can be prefilled in imcometax por...
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Amlan Dutta
(Please edit question and reattach the pictures)....if i remember right ( i had seen those images)the figures prefilling the TDS field were picked up from your ITR details of filled TDS ...if same credit is available in 26 as , there should be no problem submitting rectification request for sam...
Ajit
So sir, what shall i do now? shall i submit rectification without changing any amount as it is prefilled?
Sumit

Category : How to f..,
Solved
Sir, yesterday I told about my problem but still I am confused for what to do. So sir I want to told you that I am not asking 10e form assessment year . Again I told about my problem .Please give some advice.
Sir I received salary arrear for FY 2014-15 and 2015-16 in January 2019.Now Feb. month come...
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Amlan Dutta
Ok, i get it now .....you are unable to select form 10 E for AY 2019 20 i.e FY 2018 19 ......

This is simply because the financial year FY 2018 19(AY 2019 20 ) has not ended yet so you are not seeing FY 2018 19 i.e AY 2019 20 in the options for filling form 10 E .....

(Ask yourself why you cannot...
Ok, i get it now .....you are unable to select form 10 E for  AY 2019 20 i.e FY 2018 19 ......<br /><br /> This is simply because  the financial year FY 2018 19(AY 2019 20 ) has not ended yet  so you are not seeing FY 2018 19 i.e AY 2019 20 in the options for filling form 10 E  .....<br /><br />(Ask yourself why you cannot fill AY 2019 20 now itself and the reason remains the same.....the individual is accountable for earning income till the last day and therefore until financial year ends, the department shall not release forms)<br /><br /><br />I don't know what the vetan form is ...i believe that the vetan form must be some kind of a declaration form to let DDO officer  know of the total income in the previous relevant years  etc  to help calculate relief from arrears received from those years in the present year ) ...ask your DDO itself for a copy rather than seeking it online    ...<br /><br />The employer subsequently himself  has to provide form 10 E and deduct TDS accordingly considering arrear relief under section 89 .......finally,  once the returns for AY 2019 20 including forms  are released,   submit online form 10 E first before claiming it in return for AY 2019 20 ....                                                     <br />              <br /><br />Note - For your second part of the question, you cannot fill form 10 E for  AY 2018 19  just because forms for AY 2019 20 is not available ...If you mistakenly do that,  it would mean you have received arrears  in FY 2017 18 whereas you have received arrears  on Jan 2019 which falls in  FY 2018 19 i.e AY 2019 20 ...The relief  form 10 E loaded each year depends on tax slabs and many other things based on the specific year selection ...wrong selection would make the entire process useless
Avin Rai

Category : Intimati..,
Unsolved
Sir, I have asked you this question earlier but I am not clear fully with your answer and a little bit confused. I am asking you the question again with all detail as because earlier I had not shared the problem in detail. *** My uncle filed his Tax return of last year (i.e A.Y 2...
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Amlan Dutta
Under dashboard there shall be option to agree and pay demand ...if you do that , i think subsequently they shall raise a demand ...on safe side still , i would pay off using challan 280 ...you cannot revise the return to incorporate these details of demand paid because the tax tab contains for IT d...
Avin Rai
Thank you, I got it clearly. Sir, with your help, this year I filed the tax return of my parents and our relatives without paying anything to any third person(agent). Thank you once again.
Sumit

Category : How to f..,
Unsolved
Hi sir,
I want to fill form 10E for finance year 2018-19 before March 2019. But during form filling, while choosing the assessment year, 2019-20 is not showing.
If I choose assessment year 2018-19, will my form be rejected.
Please give any suggestion regarding this situation.
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Amlan Dutta
I dunno where exactly are you referring to ...If this refers to the assessment year while selecting the form the form itself, you have to mention the the correct assessment year ...You should by no chance select wrong assessment year because it would imply imply completely wrong portrayal of year f...
I  dunno where exactly are you referring to ...If this refers to the assessment year while selecting the form the form itself, you have to mention the the correct assessment year ...You should by no chance select wrong assessment year because it would imply imply completely wrong portrayal of year for receipt of arrears etc and would be anyways disallowed or create problems if bought under scrutiny.....2.) Inside the form , there is one form error which is about the heading of the field ...though required to fill in assessment year , it mentions previous year ...this becomes clear when you put in wrong figures of year inside the form ...department should be correcting it shortly .......
Om prakash

Category : Rectific..,
Unsolved
Hi sir,
ITR 1 AY 2016-17 -return processed. And got refund but I forgot during the file of return in INCOME HEAD-HOUSING SCH.how to rectify.if revised xml is to be loaded what to mention in return filed under sec, column & return original or revised columns, because return is to be corrected so that...
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Amlan Dutta
Yes rectification request is to be uploaded with option taxpayer wanting to correct details....since original return is being rectified so it shall remain original only and the section shall also remain the same under which the original return was filed, presumably 139(1) ....you may check my rectif...
Avin Rai

Category : Intimati..,
Unsolved
Intimation u/s 143(1)a
Sir, my uncle filed his tax return last year by himself i.e AY 2017-18. But while filing he didn't mention the detail of the Bank FD interest. And later he received an Intimation u/s 143(1)a, and intimation mentioned about that bank FD interest. As he is an aged person and doe...
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Amlan Dutta
Avin , i think the intimation may have added the interest income and calculate the demand based on the tax arrived upon after adding this income ...you can simply pay that off using challan 280 and keep the assessing officer informed
Avin Rai
Sir, do i need to file any revise return or not? And informing assessing officer means i have to go local tax office physically and inform about it. Am i correct?