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Hemant Modi

Category : Tax Comp..,
Unsolved
February 13, 2019 8:59 am
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...
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  • February 13, 2019
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sachin

Category : Tax Comp..,
Solved
September 4, 2018 12:13 pm
Hi Sir, here is my from 16 screen shot . my hra is under section 10. however i have added it in Allowances not exempt. can you help me to fill again in corrected HRA. I have filled already. Can i now modify it.
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Amlan Dutta
Check my tutorial for subject matter ...you should not have added the HRA in taxable""( non exempt allowances ...now that you have and i believe , already submitted , simply file a revised return under 139(5) showing correct figures ...for non exempt allowances , do gross (1132563 )- basic pay (12 ...
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  • September 4, 2018
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sachin
thanks !!
  • September 4, 2018
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Nitasha

Category : Tax Comp..,
Solved
August 20, 2018 1:52 pm
Hi Amlan,
I am a salaried individual. I need to know, how to calculate LTCG. For AY 2018-19, i have some gains before 31-Jan-18 and some till 31-Mar-18. Do i need to fill ITR 1 or ITR 2 and how to fill it? Please help
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Amlan Dutta
You will fill ITR 2 ...for gains before 31st January, they remain exempt and you shall show it in exempt income schedule under relevant head and for gains after 31st Jan , you will show it under capital gain schedule under LTCG portion of the return ...the return shall compute the requisite tax
  • August 22, 2018
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ADITYA MAHATO

Category : Tax Comp..,
Solved
August 9, 2018 11:55 pm
sir
My total chargeable salary income ( i.e B1 vi=i+ii-v) as per Form 16 is more than auto generated tax details section of employer though it matches with figure of 26AS so which one should i put on this section? since tax deduction figure not being changed even after putting the different figure.
th...
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Amlan Dutta
For showing income,you will put chargeable income as per form 16 in the income schedule..let the return compute tax ....you will take tax credit as per deducted TDS appearing in 26 as . please draft questions properly next time around ...if the answer doesn't make sense it is because the question i...
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  • August 15, 2018
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Honey

Category : Tax Comp..,
Solved
August 1, 2018 4:53 pm
Hi Amlan, Today i filled my father's ITR. In tax computation tax liability was 3908 and tax credit as per 26 as was 227 So i paid tax using e-pay tax Rs. 3680 (As it was auto-fillled column ) now the problem is , there is difference of rs. 1 between liability against what i paid. now do i need to...
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Amlan Dutta
You can leave it ...anything under Rs 5 is not considered a liability or demand .......Congrats for being able to file return on behalf of your dad
  • August 1, 2018
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Vishal D

Category : Tax Comp..,
Solved
July 29, 2018 12:01 pm
Sir

Bank has already deducted TDS of 10 percent on FD interest. So if I show the whole amount under income from other sources, since I fall in 20 percent bracket it shows 20 percent as TDS to be paid but I only want to pay 10 percent remaining. Then how do I put the amount under income from other so...
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Amlan Dutta
The taxes will get computed at 20 % but since you have already paid 10 % , so despite computing tax as per slabs ( say it works out to be 20% ), you will get credit of TDS paid of 10% which you will be claiming in TDS schedule ( schedule2) and in effect required to pay only balance ( tax liability -...
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  • July 29, 2018
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Vishal D

Category : Tax Comp..,
Solved
July 29, 2018 10:36 am
Sir,

1.Under 26AS form, an income is showing from Regional office i.e. 194A but I do't know what income is that, as I have not got that income. So do I still need to pay TDS on that amount.And how can I rectify or remove that amount which is showing against Regional office.

2.Under form 26AS the amoun...
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Amlan Dutta
1.) Take up with the regional office ...it is some kind of interest income since TDS u/s 194 A denotes interest income...perhaps they have deducted for some other employee with identical PAN and put your PAN in their place ....unfortunately since it appears in your 26 as , assessing office may call ...
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  • July 29, 2018
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Harshit Gupta

Category : Tax Comp..,
Solved
July 8, 2018 1:58 pm
Hello sir...
How can we download the computation of income single page from e-filling in itr3 for AY(17-18)?
Thanks for your valuable response.
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Amlan Dutta
Harshit ,in the return utility(ITR),
(i) Schedule "Total income(TI)" schedule reflects the computation of total income and
(ii) Schedule "Tax computation on total income(TTI)"reflects the computation part

i don't think you can print that schedule alone ...but once return is filed , you get a cop...
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Harshit ,in the return utility(ITR), <br /> (i) Schedule "Total income(TI)" schedule reflects the computation of total income and <br />(ii) Schedule "Tax computation on total income(TTI)"reflects the computation part<br /><br /> i don't think you can print that schedule alone ...but once return is filed , you get a copy of the filed return , you can check the TTI schedule for computation of income and tax therein...<br />if you come to know of anything else to generate your income computation , let me know as well on my personal email id...check the attached pictures for the schedules Total income (TI) and tax computation on total income( TTI) that i was referring to.<br /><br />For ITR 1/ITR 4 ( presumptive) , you can generate preview of return before submitting but that doesn't happen in other ITR's Harshit ,in the return utility(ITR), <br /> (i) Schedule "Total income(TI)" schedule reflects the computation of total income and <br />(ii) Schedule "Tax computation on total income(TTI)"reflects the computation part<br /><br /> i don't think you can print that schedule alone ...but once return is filed , you get a copy of the filed return , you can check the TTI schedule for computation of income and tax therein...<br />if you come to know of anything else to generate your income computation , let me know as well on my personal email id...check the attached pictures for the schedules Total income (TI) and tax computation on total income( TTI) that i was referring to.<br /><br />For ITR 1/ITR 4 ( presumptive) , you can generate preview of return before submitting but that doesn't happen in other ITR's
  • July 8, 2018
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