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SAIKAT DAS

Category : Return f..,
Solved
Dear Amlan, I want to know about
1. how can i save income tax upto 7lacs /annum??

2.Below 4 lacs income ,Paying income tax or Create a new LIC policy ,which is better and why??
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Amlan Dutta
1.) If someone is earning 7 lakhs per annum ,then the tax liability is around 12500 + 40000 =52500 plus cess ....To save tax , he/she can invest in permissible deduction sections under 80 ...a very popular saving is investing under 80 C in PPF to the tune of 1.5 lakhs ...this alone shall make taxabl...
KEDAR MAURYA

Category : Selectio..,
Solved
Hello sir
My friend is a pandit ji and he earn income from pooja and dakshina in marriage , he asked me to advice him to file itr so which itr he should filled, and where he show his income. His annual income is approx 3 lakh.
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Amlan Dutta
Either it can be offered as income from other sources or profession ....If other sources, then one can file ITR 1 and if one wants to offer income from profession , then he has to file ITR 3 .....I will advise to file ITR 1 and show it as income from other sources...
Deepjyoti Das

Category : Selectio..,
Solved
I have recieved Rs.5430 from flipkart affiliate marketing, also received Rs.15000/- interest from savings and FD accounts and also earned Rs.2500/- by selling equity shares on short term. Please kindly help me which ITR to be filed???
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Amlan Dutta
She can select return form ITR 2 ...if you want to know the reasoning, read further.......
1.) Affiliate i...
vipul mhapsekar

Category : Selectio..,
Solved
here is brief :

*i never filed ITR

*iam freelance photographer

* i use only SBI for whatever transaction i require to do.

*As per my SBI (savings) bank statement from 1st April 2017 till 31st march 2018 my credited amount is 650000 (six lakh fifty) & debited amount is 795000 (seven lakh ninety five)...
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   likes this.
Amlan Dutta
Return is prepared to compute taxes based on income depicted by the assesse as applies to him/her ...you have income from profession , interest income (FD and savings ) .note having FD or saving is not income but the interest accrued /paid is income ...Investing in mutual funds is not income but in...
Vishal

Category : Selectio..,
Solved
I have salary income (through cheque)₹3,00,000 (as my main income).In addition to that i have earned around ₹40,000(yearly) as interest in cash from my cash in hand.
Also i do part time tution from which i have earned ₹1,30,000 in cash.
Which ITR should i file?(1or?)
Can there be any problems ...
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Amlan Dutta
You can file ITR 1 showing income from tution and interest income as income from other sources ...i don't see reasons for any problem ....your question category was again wrong , i haven't deleted the query but be careful next time
Vishal
thank you sir,and will try n choose the correct category
ADITYA MAHATO

Category : Return f..,
Solved
sir
Gob bless u for this noble service. I have FD and savings interest on two different banks but it is not shown in my 26 AS , is it necessary to show on ITR1, if it is less than 10000 and gross salary is more than Rs. 300000, from where can I get it. If u have any tutorial on it please give me the...
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Amlan Dutta
Both saving and FD interest are taxable income , you can check your account statement for the credited interest from savings and accrued interest from fixed deposit ....it doesn't matter what the amounts are , they need to be shown in the return ....take up with your bank so that the FD starts refle...
Md Khursed Alam Ansari

Category : Selectio..,
Solved
Sir, I have income from house property and also taken a loan for the house & my profession is business.... which ITR to file ITR4 or ITR3..
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Amlan Dutta
ITR 3 if business income is to be shown at actuals and ITR 4 if business income is to be shown in presumptive levels (however , not eligibility condition for presumptive must be satisfied first to use presumptive benefit ).....don't post questions without selecting proper category first .else the qu...
Dharmendra Verma

Category : Selectio..,
Solved
Sir, my wife got one month salary in total one financial year 25000 and she has FD interest ! Can she file ITR 1?
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Amlan Dutta
Yes, she can use ITR 1...... she will fill salary using salary schedule and FD interest income under other sources......be careful while selecting query category........
Praveen K

Category : Selectio..,
Unsolved
Hello Amlan,
My company doesnt provide any Medical reimbursement and so it doesnt appear anything in my Form 16. Can i still claim the Medical Bills of self and my dependent father while filing ITR?
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FIROZ ALAM

Category : Selectio..,
Solved
Sir i got pension as well as i am a contractual xray technican and i get lump sum salary.
which itr i should file. My form 26as reflect the amount is other than salary. TDS DEDUCTED U/S 194C
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Amlan Dutta
For pension use salary head and for contractual receipt , use income from other sources / profession ..i recommend that you fill up ITR 1 and show pension under salary and technician contractual receipt under other sources

Don't repeat queries and select question category properly else the query alo...
Naresh Yadav

Category : Selectio..,
Solved
My dear sir i am govt employee as well as income from commission of LIC so which ITR should be file .PL reply.
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Amlan Dutta
Since you have salary income ( primary source) and commission income (profession), ,you may decide to show Commission income either as income from other sources or as professional income.
( Note, ITR 3(presumptive) is only available to specified professions and commission income does not belong to li...
Gaurav Gupta

Category : Selectio..,
Solved
Dear Amlan,

Kudos to your spirit to help people, very few in this world have this kind of thought process left. All the very best for this journey !!!

I have a question with respect to filing IT return for my wife who has income from Salary, Part time tuition and Savings bank interest. I am confused...
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Amlan Dutta
She can show tution income as income from other sources and since there is no TDS deducted on her payment receipts so she cannot claim any TDS credit and therefore w.r.t tution income she will keep TDS schedule blank....for savings interest again there is no TDS deducted and therefore she will keep ...