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ELANGO

TDS...
Hai AMLAN, unfortunately, .2 years back.......when I tried to learn something about IT related issues,,,,,,,in youtube.... I saw ur videos and subscribed youtube and following u...... facebook later on registered.....Makeknowledgefree. Till then I never miss any one from u. Thanks, AMLAN.
i am a...
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Amlan Dutta
No you cannot ( you may refer my friends tutorial for tds filing ) you cannot login and download tds certificate ... only deductor can login and generate tds certificates ( facility not available to deductee ).....
  • 21 hours ago
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Hima Bindu

TDS ON NRI PURCHASE...
Hello Amlan,

We are based out of Bangalore and bought an apartment from an NRI and sale value is more than 50 lakhs. We came to know that we need to deduct tax at rate of around 20%.

I have seen your video on how to apply for NIL/lower TDS certificate by submitting form 13. We also heard in Bangalor...
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Neeraj Jagga

Property TDS( U/s 194 IA)...
Hi Amlan

Thanks for sharing video on 26QB. It helped a lot to understand but still i have some queries. Please help to sort this out.
I am buying a flat. There are two buyers and two sellers. so i think i have to fill 4 26QB form of Equal amount. For example property amount is 1 Cr. so 25 Lacs per p...
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Amlan Dutta
Please understand , that the sale consideration will not get distributed uniformly i.e 1cr will not translate to 25 Lakhs just because there are two seller and two buyers ...

First figure out the ownership share ratio i.e say the flat cost is 1 Cr and there are 2 sellers ..say Mr and Mrs Sharma , wha...
  • May 3, 2018
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Paritosh Jain

TDS ON NRI PURCHASE...
Hi Amlan,

I have a few questions regarding purchase of a second hand flat (built during 1990) at Mohali from an NRI (US based) for Rs. 95 Lakhs (all in white) in my wife's name. The transaction will happen in June 2018.
1. What is the rate at which TDS has to be deducted in FY 2018-19 in the case of...
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Amlan Dutta
Pointwise solutions as follows ,
1. What is the rate at which TDS has to be deducted in FY 2018-19 in the case of an NRI seller.
TDS on NRI purchases is to be deducted irrespective o...
  • April 30, 2018
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Hema Latha

Interest TDS (U/s 194 A)...
Sir,
As per Form 26AS total interest amount is Rs 2588/-. But this amount is not being reflected in any of the two columns of deposit interest certificate i.e Int Paid and Int Accursed.

Which amount is to be added to the 'income from other sources' in ITR filing?
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Amlan Dutta
Please don't post repeat entries pertaining to same question .....in your case , 26 AS should refer to fixed deposit interest ( check with bank )....and statement interest entries that you see pertain to savings interest ...you will add both under income from other sources , however for savings inte...
  • April 29, 2018
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Hema Latha

Interest TDS (U/s 194 A)...
Hello sir, I got Interest Certificate on Deposits from Bank. It is showing two columns, one is Interest paid and one is Interest accural. Out of the two above said columns, which amount I need to show in "Income from other sources" column in ITR filing?
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Amlan Dutta
Interest accrued would be mostly Fixed deposit interest ...check with bank .....anyways , you will add both .......
  • April 29, 2018
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Pawan Kumar

good morning sir, sir abhi mera tds 2% ECess + 1% higher education cess ke sath kat raha h. jabki wo 2% hona chaiye, isse mujhe fy closing mai koi problem to nahi hoga na ?
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Amlan Dutta
No problem , later on claim refund of any excess TDS that has been deducted by filing a refund return.
  • April 26, 2018
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Kishalay De

Interest TDS (U/s 194 A)...
Hi Amlan I enjoy auto sweep facility at my salary account lying in SBI. Other than regular quarterly interests it create interests whenever money is transferred from sweep account . My question is that is it taxable if crossed over 10k? Another question is that do I have to fill 15G for that?
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Amlan Dutta
Yes this is savings interest .....you will show this income under income from other sources though like you rightly infer there is a deduction benefit under 80 TTA for lesser of saving interest or 10000 rs .....you only fill 15 G if total taxable income is less than threshold level ( 2.5 lakhs) so t...
  • April 25, 2018
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SRINIVASA NAIDU

TDS ON NRI PURCHASE...
hi sir, can you tell me about TDS applicable on buying asset(Immovable property) from NRI?
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Amlan Dutta
TDS on NRI purchases is to be deducted irrespective of the transaction value of the property( unolike domestic transfers where only TDS has to be deducted if the sale value exceeds 50 lakhs ) ......Section 195 clearly stipulates that the buyer is to deduct 20 % TDS on capital gains after obtaining a...
  • April 18, 2018
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