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Sandeep Roy

Category : Tax Comp.., STCG on ..,
Solved
August 12, 2019 12:59 pm
Hi Amlan,

I am an NRI and I would like to know about my tax liability from short-term capital gains from sale of equity shares. I have a short-term capital gain of Rs. 60000. My broker deducted Rs. 9000 as TDS (26AS). I have no other income. While calculating tax on ITR 2 form it shows I have to pay...
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Amlan Dutta
NRIs do not have the option to adjust their capital gains either long-term or short term against the basic exemption limit of Rs 2.5 lakh. It is better that you mention the capital gain breakup in the periods ...it doesn't effect tax liability
  • August 12, 2019
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Samir Mehta

Category : Income t.., How to f.., Due date..,
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  • Income tax
  • How to fill ITR
  • Due date for filing returns
  • Tax payment
  • Residential status
  • Tax Computation
  • Selection of Return
  • Deduction U/s 16
  • INCOME HEAD - OTHER SOURCES
  • 80TTA - Income from interest on saving banks Accounts
  • TAX COMPUTATION
  • NRI Taxation
  • ITR 2
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    Solved
    August 3, 2019 10:15 pm
    Hi Amlan, first let me thank you for your valuable feed back, thanks. I have few more queries related to ITR filing, please find below;
    1.I assume ITR filing date has been extended to August 31st, is it for ITR-2 filing
    2.Which ITR form to use for a student studing in USA, left on August 9th 2018 - to...
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    Amlan Dutta
    Please find below pointed answers to your queries,

    1. I assume ITR filing date has been extended to August 31st, is it for ITR-2 filing

    Due date when extended is not form wise like 31st August for ITR 2 , 20th September for ITR 1 , 15th December for ITR 3 etc ..
    It is for all individuals having non au...
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    • August 3, 2019
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    Sudam Maharana

    Category : Tax Comp..,
    Solved
    July 28, 2019 5:09 pm
    Dear Amlan ji, I hv little confusion in calculating income tax, hope u wl clarify.
    This AY I hv received my last year salary arrears and I m also eligible for 80GG deduction. Below r d salary details.
    Gross total salary including arrears - 689105
    Arrears - 39227
    80C-150000
    80D-5400
    80G-1200
    NPS own-47055
    ...
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    Amlan Dutta
    Sorry, this site is not meant for all this , you can seek form 16 from employer and put in the respective figures in the ITR website and you shall get the tax computation computed by utility itself based on slabs on taxable income!

    Just so that you know the concept , tax is applied on taxable income...
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    • July 29, 2019
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    Sudam Maharana
    Thank u Amlan ji for your replay. I think there is some twist while taking relief u/s 89 along with 80GG deduction.
    • July 30, 2019
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    Tushar Radhesham Kandalka

    Category : Tax Comp.., How to f.., Income t..,
    Unsolved
    July 23, 2019 10:09 am
    Sir,
    I was working with a private company in year 2014 to 2017,
    during this period following amount was credited in my EPF

    Employee Contribution :50,968 +4699(Interest)=55,667
    Employer Contribution :15583 +1436(Interest)=17019
    Pension Contribution : 18010

    In April 2018 I applied for Withdrawal for both ...
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    Tushar Radhesham Kandalka
    I am salaried person.

    This is what I am doing in my ITR 1

    I have summed following amount(Total : 82228) in Salary amount which I received from current employer
    1. RS 48,635 in my Salary which I had taken benefit in 80C for earlier years
    2. Employer Contribution of RS 15,583 and
    3. Pension Contri...
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    • July 24, 2019
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    Tushar Radhesham Kandalka
    Alam Sir,Shall I fill ITR2 in this case?
    • July 27, 2019
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