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Prashant Kumar

HOW TO MAKE TAX PAYMENT...
Hi Amlan,

My income tax return has be processed and I received intimation U/S 143(1) today.

I see 2 difference in what I filed vs what was assessed by Income tax officer.
1. 234C INTEREST - Difference of around Rs. 7 (Payable)
2. NET AMOUNT PAYABLE is Rs 10

My question is how do I pay this net amount. Is...
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Amlan Dutta
Check video tab for this answer to see how you will be paying demand tax using challan 280 ...there is no need to update ITR ...ITR is only for advance tax and self assessment tax. It is not for regular assessment tax
  • Yesterday, 12:14 pm
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JK Jain

Property TDS( U/s 194 IA)...
Dear Amlan, This is regarding 1 % TDS on purchase of a property from buyer side. My son has purchased a flat in noida jointly with his wife and his mother( my wife) in July 13 with sale consideration of Rs 40.126 lakh and sale agreement executed on 27-07-13 between seller and buyer. 25 Lakh loan gr...
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AMOL RINDHE

How to pay demand tax...
Can you please explain next steps after generating Challan for OUTSTANDING DEMAND TAX. How we have to send to officer and apply it online.
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Amlan Dutta
There is nothing for applying online ...just paying demand tax is enough ....you can also see it reflect in your 26 as ...in case it appears as pending action in dashboard , just close it by saying that the demand has been met by payment through challan
  • August 15, 2018
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santosh kumar Sahoo

How to fill in challan details for self assessment tax...
Sir i have already filed ITR for AY 18-19. Now facing problem while paying tax in bank website as it is asking some fields as Basic Tax amount, surcharge,edu cess,interest, others,. no field available for TDS (tax paid)and sec 89 relief. i attached the ITR file . pse guide
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Amlan Dutta
the return itself shall help compute all this ....check the tax computation page for breakup ...total interest is interest for 234 A, B, C combined ...you will get figures of education cess also here ...deduct payable tax liability from these two to arrive at tax figures ...rest of the question seem...
  • August 15, 2018
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Narendra Rawat

Hi Amlan sir, Bank deducted my TDS on FD, Rs.3500/- F.Y 17-18
but not showing in 26 as how can i claim that amount
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Amlan Dutta
What this means is that the deductor i.e bank has not filed TDS return properly....so, first take up with bank for proper TDS filing so that deducted TDS starts reflecting in your 26AS.....once it does, only then you can claim TDS Credit and apply for refund
  • August 8, 2018
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hanif

TDS Credit...
Dear amlan, a friend's wife tds for ay 2019-20 was deducted from april 18 to june 18 and it is reflecting in 26AS.(for FD).my friend did not remember to provide the bank with 15g from and therefore the tds was deducted.now the bank says to submit 15g to avoid tds deductions for the upcoming quarters...
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Amlan Dutta
Why should she not file return for AY 2019 20...it is better to file return and claim refund of already deducted TDS ( assuming that the income is below threshold level)...in such cases where more TDS is deducted than the tax liability assessee is expected to file return and claim TDS refund .....
  • August 1, 2018
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MOLOY BORA

How to pay self assessment tax...
Sir,
I paid my father etax thru sbi netbanking of Rs.830/- (self assessment). But the amount is deducted two times from my bank A/C and two different challan no.. I already submit ITR-1. Now what i will do for return. I show only one challan no against 830/-. Netbanking is myself.
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Amlan Dutta
You shall have to revise return and claim credit of the entire taxes paid under schedule IT (If due was 100 and you paid it twice , claim 200 Rs putting in proper details of challan)...return will accordingly compute refund ...
  • July 31, 2018
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Ankit shakya

Deducted TDS not appearing in form 26 as...
Hello sir,
bank deducted TDS on my FDs but not reflected in 26 AS what should I do while FD interest is below 10000rs
Plz help how to refund my TDS
Thanks
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Amlan Dutta
Take up with bank for revising TDS returns so that deducted TDS starts appearing in your tax credit statement...select query category properly next time
  • August 1, 2018
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Chandi PRasad Dash

TDS on income other than salary...
sIR,

I have taken a life insurance policy. premium was 99900 and sum assured as 999000.

i paid the policy for 6 years 99000*6 and along with that I paid 2 top ups in 2 years worth 99800*2.

i surrendered the policy and got 1012000 from SBI LIFE.

pLEASE TELL ME IF THE INCOME WILL BE TAX FREE OR I HAVE TO...
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Himanshu sainthiya

Schedule IT (Taking credit of taxes paid)...
Hello sir
very good morning
i have one query regarding e-chalan 280. plz tell me sir after submitting a tax by using e chalan, what is the processes to get a tax credit in itr- 2
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Amlan Dutta
Check video answer option for this answer to see the exact things you need to do ...basically in tax details tab, under schedule IT you need to fill up details of the taxes paid for claiming credit
  • July 27, 2018
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DEBASISH   MANDI

TDS Return filing...
Hi Amlan,
I found a difficulty while filling ITR1. I have an FD interest which is under taxable and my 26AS is not showing any TDS under 15G/15H. Well that solution I got into one of your detailed video but the problem is as FD interest is my other source of income so I have to file Sch TDS2. So is ...
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Amlan Dutta
Say FD interest is 1000 Rs and TDS Deducted is 0 , then you will fill TDS schedule 2 and show interest of 1000 Rs and TDS deducted and claimed of 0 rs..For this example , check attached picture on how you would be filling the TDS schedule 2 where no TDS deducted on FD interest .... ...
Say FD interest is 1000 Rs and TDS Deducted is 0 , then you will fill TDS schedule 2 and show interest of 1000 Rs and TDS deducted and claimed of 0 rs..For this example , check attached picture on how you would be filling the TDS schedule 2 where no TDS deducted on FD interest ....                                  <br />             Strictly speaking , no harm in keeping the relevant TDS schedule blank as well when you have no TDS credit
  • July 26, 2018
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ELANGO

How to pay self assessment tax...
Can one pay self-assessment tax using others Debit card / Net Banking?
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Amlan Dutta
Yes, one can pay self assessment tax using others netbanking as well ,,,while filling challan 280 , you have to fill in correct PAN details ...the PAN holder will get the credit of the self assessment tax paid using netbanking through challan ( whosoever netbanking credentials it may be)
  • July 26, 2018
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