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Siva

ITR 4...
4 minutes ago Unsolved
Hi Amlan, Yes, I'm working as technical consultant (freelancer). I have got another question on Presumptive Taxation eligibility when I found the below one in FAQs.

FAQ: Who cannot opt for the Presumption Taxation Scheme?
Answer: If the taxpayer has claimed deduction under section 10, 10A, 10B, Sectio...
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Gian Naorem

How to fill Salary breakup in ITR 1...
Sir what will be my basic salary for 9300-34800 and grade pay 4200
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Amlan Dutta
(basic for each month + grade pay for each month ) for the 12 months shall be your basic salary i.e salary excluding all allowances etc required in ITR
  • August 15, 2018
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KESHAV GANGWAR

How to fill Salary breakup in ITR 1...
if i did not show salary break up in itr filing ay. 2018-19. and i mistakely showed my all income under head salary (excluding all allowances). my return is non refundable, will it be processed or not or invalid by AO. what chances are possible.
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Amlan Dutta
If you put your chargeable salary income under salary without showing breakup , it shall still get processed ...however, since every field has a purpose , i will advise that if the original return has not been processed then you must decide to revise the return showing salary breakup
  • August 5, 2018
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Jawed

Salary mismatch in form 16 and 26 as...
Hello! Amlan sir,

First of all I would like to thank you for your effort in educating the people on different topics and in particular for helping people in understanding the return filing. Now my Question :
Sir, My question is related to mismatch of Salary income in FORM 16 and FORM 26AS.
(i) Sala...
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Amlan Dutta
Salary as per section 17(1) is gross salary which is not the same as chargeable salary ...what appears in form 26 as is gross though ...figure out chargeable income from both companies and ensure that is reflected in the ITR ...........
  • August 5, 2018
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Arnab Datta

Refer my form 16, where employer has exempted U/s 17 the Medical Reimbursement (This amount is- the medical bills I have submitted to employer.). Where I will put this Rs 3318 in the ITR 2 'Schedule S'. Refer my Schedule S- details of salary also which is enclosed with this question, which I have fi...
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Amlan Dutta
It is correctly represented by your employer and you will this in exempt income reporting section under "Any other" field mentioning in description the nature of exempt income i.e medical reimbursement and the section under which it is exempt 17(2).......check attached pic
It is correctly represented by your employer and you will this in exempt income reporting section under "Any other" field mentioning in description the nature of exempt income i.e medical reimbursement and the section under which it is exempt 17(2).......check attached picIt is correctly represented by your employer and you will this in exempt income reporting section under "Any other" field mentioning in description the nature of exempt income i.e medical reimbursement and the section under which it is exempt 17(2).......check attached picIt is correctly represented by your employer and you will this in exempt income reporting section under "Any other" field mentioning in description the nature of exempt income i.e medical reimbursement and the section under which it is exempt 17(2).......check attached pic
  • August 2, 2018
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Arnab Datta
In Schedule S (SALARY) of ITR 2 you have shown the Medical Reimbursement amount of U/s 17(2) - under allowance U/s 10 area (i.e any other allowances) . But during filing return ,I filled this amount (Rs 3318) in Sl No 3 (Value of perquisites area) of Schedule S (SALARY) of ITR 2[Please refer my ITR...
  • August 2, 2018
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Ramesh Kumar

How do I mention following thing in ITR-2 of excel utility?
1. Exempt Income of interest for saving account below 1000
2. Dividend of Rs 5000
3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012
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Amlan Dutta
1. Exempt Income of interest for saving account below 1000
It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under
80 TTA for lower of 10000 rs or saving interest

2. Dividend of Rs 5000
In exempt income schedule

3. Rs 9963 of interes...
1. Exempt Income of interest for saving account below 1000<br />It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under <br />80 TTA for lower of 10000 rs or saving interest<br /><br />2. Dividend of Rs 5000<br />In exempt income schedule<br /><br />3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012<br />This refers to FD interest income - again totally taxable without any deduction benefit <br />So you will put in income from other sources 1000 + 9963 = 10963 Rs1. Exempt Income of interest for saving account below 1000<br />It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under <br />80 TTA for lower of 10000 rs or saving interest<br /><br />2. Dividend of Rs 5000<br />In exempt income schedule<br /><br />3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012<br />This refers to FD interest income - again totally taxable without any deduction benefit <br />So you will put in income from other sources 1000 + 9963 = 10963 Rs1. Exempt Income of interest for saving account below 1000<br />It is not exempt ...say figure is 1000 Rs , you will show it under income from other sources and claim deduction benefit under <br />80 TTA for lower of 10000 rs or saving interest<br /><br />2. Dividend of Rs 5000<br />In exempt income schedule<br /><br />3. Rs 9963 of interest earned(in 17-18) from tax saver deposit started in 2012<br />This refers to FD interest income - again totally taxable without any deduction benefit <br />So you will put in income from other sources 1000 + 9963 = 10963 Rs
  • August 1, 2018
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sarvesh

Sar namskar ,
Mere dost ne pichla return (ITR 1) mein dakhil kiya Tha aur uska refund bhi ho gaya hai baad mein pata chala ki uska return (ITR 4 ) mein dakhil hona tha kiya ab ye return revised ho sakta hai
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Amlan Dutta
Here, return cannot be revised since return has already been processed. Go and meet the assessing officer and seek rectification of order. ( Note - For FY 2017 18 , Return can only be revised until the end of the assessment year or completion of assessment whichever is earlier )
  • August 1, 2018
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sravan

ITR 1...
I am transferring 5 lac amount every year to my wife's account from which she is using for 1.5 lac in Sukanya account, 1.5 lac in PPF and 2 lac for household expenses. For filing itr-1, whether she need to show 5 lac amount as exempt income (gift income) plus interest income for savings and fd or el...
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Kapur

Multiple form 16...
Hi Amlan, Thank you for making knowledge genuinely free through the work you have put in over the years.

My query is, I have received 2 Copies of PART A (Form16) from my company as they had changed their entity/ PAN/ TAN. Q1 is separate while Q2+Q3+Q4 are together and only one PART B is available. H...
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SYED UMAIR HUSAIN

Exempt HRA when not shown in Form 16...
I have Rs. 5088 as deductions in HRA head. (Rs. 424 per month). How to include this in my ITR. plese help.
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Amlan Dutta
If this is HRA exemption and not considered in form 16 , you can reduce your exempt allowances by this amount. Check answer video option.
  • July 28, 2018
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Jayesh Paija

Exempt HRA when not shown in Form 16...
Hi Amlan,

My basic salary is high and due to which in form 16 my HRA excemption is not being considered as per the HRA caculation steps it take

Rent paid - 10% of basic... suppose i am paying the rent is 8000/- and the 10% of basic is 8200 so the amount will not be taken considered for the HRA ex.....
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Amlan Dutta
The calculation for HRA exemption still applies and the least of the 3 will get applied on the HRA received to qualify for HRA exemption ...if employer hasn't considered , you can still do the calculation and reduce your non exempt allowances accordingly...refer video answer option for this answer ...
  • July 27, 2018
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