Categories
Pagination Scroll
Nilesh Patil

Refund Return...
Dear Sir,
i am salaried person, i want to file income tax Gross salary is 2,20,000 and i am also LIC agent so my LIC commission is Rs.23,023 and on commission LIC is deduct TDS Rs.1,152.

Where do i show LIC income in ITR 1 and how do i get refund of my deducted TDS amount?
  • Show Placeholder
  • Hide Discussion
Ram Shravan Mahajan

Good Morning Sir,
From last few days, I am watching your very informative youtube videos and also posted my two queries on your website and you gave quick reply to them. So bottom of my heart I thank you very much. Yesterday I posted a query regarding medical reimbursed and you replied it and from yo...
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Yes, you surely can revise and claim eligible benefit for medical reimbursement until 15000 ( provided you had submitted bills to that effect ...any bills over 15,000 will be added to the salary) ...though it is tax free in view of definition of section 17(2) , the department may take a view to disa...
  • July 22, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Krishna Gupta

Refund Return...
Hello sir agar company TDS extra diduct kare to kya karna chahiye
In my father case thair is lots of confusion
My father is secl employee I just downloaded his last five year ITR & 26as records but both records are not matching..
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
You cannot file returns for any earlier year than 2017 18 ...so for all years prior to FY 2017 18 , forget it ...now for FY 2017 18 , if deducted TDS is more than the tax liability , you are simply required to file a refund return for claiming back excess TDS ...say tax liability is 100 Rs and TDS ...
  • July 20, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Manoj

Refund Return...
I am in 5% tax slab but my bank deduct 10% tds on fd when i fill return tax calculated on total income (salary +fd interest) 5% can i eligible 5% interest income on Fd for refund? This is correct or not?
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Yes, your thinking is right ...whatever the tax liability as per slabs will get computed by the return utility i.e say 100 Rs ...now if TDS has been deducted more than this i.e say 200 rs , it means that you are liable for refund of 100 rs and you can claim it by filing refund return (In this case I...
  • July 12, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Gaurav Tiwari

Refund Return...
Sir,

I have filed my father return of AY 17-18, in that 1840 refund was due but they send me intimation us 143(1) because in 26 AS some interest credited into acc. now issue is TDS already deducted by bank and I am agree with that I filed revised return in that I mentioned 1950 under other source of...
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
I have studied your intimation ...it clearly shows that you have yourself shown that there is taxpayable and the intimation supports that view...In case you feel that you have some TDS credit that you have not claimed in return , you must revise your return ......know that tax on total income (salar...
  • May 16, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Korak Das

Refund Return...
Hello Sir,
I am an Insurance Consultant by profession. So, as per rules TDS deducts from my commission once it cross ₹15,000.
Sir, i would like to know how do i file return to apply for TDS return at home by myself? Already i have logged in IT portal.
I will be very glad to have your kind reply.
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Am assuming the follwing
AY 2018 19 - Non senior resident individual

Taxability of income is as per income slabs ....If your total scope of taxable income falls below threshold level ( 2.5 lakhs) then you can claim refund of any tds deducted .....you may decide to use section 44ada and show income...
  • May 14, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Jitesh

Refund Return...
Please sir advise me Sir 10 E mai gross ariyar count hota h ya jo apne account mai jama huaa h wo. mera gross ariyar 280492 tha lekin NPS AND STATE INSURANCE deduction hone ke baad mile h 179381 to 10E mai konsa count hoga please sir
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
You have got arrears 280492....what you have got in hand after deductions is not significant .....you will put in arrears figure 280492 only. Avoid asking same question multiple times ( i don't want to repeat this again)
  • May 7, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Raju

Refund Return...
Shall I get form 16 online? I ve tried to register in traces Site but not successful is there any way to get form 16
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Deductee (assessee) cannot get form 16 online , only deductor can log into TDS trace website with his login credentials and generate form 16 which shall be then given to you....
  • April 30, 2018
  • ·
  • Like
  • ·
  • Select as Answer
Raju

Refund Return...
Hi
I ve recieved order 143/1 on 23/3/18 fy 2017 but Tax Refund has not issued till now what might be the Reason
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
You are required to take up with the department for the same......
  • April 30, 2018
  • ·
  • Like
  • ·
  • Select as Answer