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Ajay Ghosh

INCOME TAX...
Hi Amlan,
Seen an excellent new video on ITR-1 salary breakup for AY 2018-19 made and posted recently. Have you made any similar new video for filling up ITR-2.
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Amlan Dutta
No , my earlier videos on ITR 2 is sufficient to understand all there is this return form
  • June 19, 2018
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Vaibhav

Income from Self occupied property...
I own a house and live in it, so income from house property is zero. Since there is no home loan, no interest outgo and hence no 'loss' from house property too. In such case, can property tax that am paying be claimed under any section? Also, do I have to provide address etc. details of the property...
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Amlan Dutta
For self occupied house , you cannot claim any deduction of property taxes...The net annual value of a self occupied house is always zero ...if you are filling ITR 1 , then no , you are not required to provide details of the property ...see the attached screenshot ...once you select self occupied ,...
For self occupied house , you cannot claim any deduction of property taxes...The net annual value of a self occupied house is always zero ...if you are filling ITR 1 , then no ,  you are not required to provide details of the property ...see the attached screenshot ...once you select self occupied , the not applicable fields get greyed out(making it non editable)
  • June 19, 2018
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Vaibhav
Thanks Amlan. What about ITR2? Does the address of the own property needs to be mentioned in ITR2?
  • June 19, 2018
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Lakhan singh

General...
Hello sir,
If i got arrear 1 lac and in it 25000 is for nps. Then for which money i should prepare 10 e. 1 lac or 75000 ?
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Sanjaya Kumar Ghadai

Salary (ITR 1)...
Dear Amlan,
Can you please clarify how a retired pensioner can shows his total pension income in new ITR-1 with the new break up for the Assessment Year 2018-19 (As he does not get any form-16). Your new video clarifies how to filling ITR-1 with form 16 only.
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Amlan Dutta
Say the pensioner gets pension 80,000 in the year , all of it can be added to the regular salary in absence of form 16 ...there will be no problem ......
  • June 19, 2018
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Honey

General...
Hi Amlan, I am filing my mom's return . She has income from Salary, Commission(Credit co-operative Society), Fd interest and House rent. which ITR i should opt and where to fill the details of income from other sources LIKE Fd in bank, post office etc.
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Amlan Dutta
Commission income can be treated as other sources here since it is not the primary source of income ...Bank FD , savings interest , commission income can be added and shown in income from other sources ...show house income in income from house property ....figure out tax liability ...take tax credit...
  • June 18, 2018
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Mahendra

Notices...
Hi Amalan, just wondering if i need to be present in person to respond to Notice 141(1) or email response will be enough?
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Amlan Dutta
No , you don't need to be present in person ...opt for e-proceedings and respond to notice...check my tutorials for that ...nowadays scrutiny assessment in person has been totally stopped .. everything is online ...i have made quiet a few tutorials on this
  • June 18, 2018
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Ashish Khillan

INCOME TAX...
Person have a car and doing passenger transportation business ,for him ITR 4 is suitable or ITR 3 (non account) ?
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KARMVEER SINGH

INCOME TAX...
Whether need to show gift received from son for Rs 80000 in income tax return under exempt income . Assessee is showing business income u/s 44ad
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Amlan Dutta
Yes , you will need to show gift from relative(son) as exempt income ..whether one is offering presumptive income has no bearing of exempt income.
  • June 18, 2018
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Vaibhav
Can gift be considered as "income"?
  • June 18, 2018
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Bappa

Double Tax Avoidance Agreement...
Hello ,

I am filling return in ITR2 as individual resident who has foreign income based on your video to get benefit under sec 90.

I am working in Belgium as a software engineer in a company. So, which article number should I fill in the FSI. Is it art 15 or 23 ?.

My understanding by reading the agreem...
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BALAKRISHNAN

Hi Amlan,

Big thanks for all your efforts, i have a doubt, using form 16 and form 26as the income tax department can match my figures with ITR , i have filed income from savings bank account interest , i want to know how that income will be validated.

Regards ,
Bala
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Amlan Dutta
To be honest , the department would not come to know of this income if it doesn't reflect in 26 as , however it is still advised to show the saving interest income ...validation happens if your case is picked up for scrutiny assessment and all your accounts will be called for to check interest entri...
  • June 17, 2018
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Ashish Khillan

INCOME TAX...
Person doing business and also getting income under 194h (lic commission or any other commission) which ITR have to file, and is compulsory to maintain books, if receiving commission income?
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Ashish Khillan
His 26AS
His 26ASHis 26AS
  • June 17, 2018
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M S Banerjee
If the certificate issued by bank of intt.on deposits doesn't match with 26as then what is the remedy to file ITR?
  • June 18, 2018
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Rakesh P

General...
In the above thing which things are exempt and nonexempt allowances?
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Amlan Dutta
I have earlier repeated this that i will not be commenting on taxability of individual allowances , you can yourself google this ...i recommend people to use the form 16 and suggested method of( gross - basic pay for 12 months from pay slips - exempt allowances mentioned in form 16) to arrive at non...
  • June 17, 2018
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