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NAWNIT KUMAR

44ADA ( Profession)...
12 hours ago Solved
Hey! If I have income from consultancy and salary, and I am filing ITR4, then do I need to fill balance sheet?
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Amlan Dutta
yes, you need to , i have made a tutorial for that , you can refer to it
  • 4 hours ago
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KISHOR KUMAR

Request...
13 hours ago Unsolved
Sir,
If there is a Gross Receipt 28 Lacs in my bank account and I don't have a GST number, please tell me how I fill my ITR.
some farming receipt is approximately 180000
The remaining 16 lakhs have a receipt of around 44 AD and 8 Lacs of the Somthing (Agriculture machinery Combine, is the receipt of pl...
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Vivek Shukla

80CCD(2) - Employer contribution towards NPS...
14 hours ago Solved
Hi Amalan,

I have declared 50k in NPS in section 80CCD(1B).
And in my company's flexi basket, I have declared 2995 as monthly reduction. This amount is debited monthly by my employer and getting submitted in NPS account by them.
But above amount is not getting reflected in 80CCD(2) of Form 16.
I a...
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Amlan Dutta
When you say ...monthly reduction , i believe that it is from the employer side ...now instead of givin to you they are putting in NPS and in that case I surely believe that in this case you can claim benefit of employer contribution in 80 CCD(2) despite them having not considered the same in form 1...
  • 2 hours ago
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Ram Shravan Mahajan

Refund Return...
14 hours ago Solved
Good Morning Sir,
From last few days, I am watching your very informative youtube videos and also posted my two queries on your website and you gave quick reply to them. So bottom of my heart I thank you very much. Yesterday I posted a query regarding medical reimbursed and you replied it and from yo...
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Amlan Dutta
Yes, you surely can revise and claim eligible benefit for medical reimbursement until 15000 ( provided you had submitted bills to that effect ...any bills over 15,000 will be added to the salary) ...though it is tax free in view of definition of section 17(2) , the department may take a view to disa...
  • 2 hours ago
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Ankit shakya

Deducted TDS not appearing in form 26 as...
15 hours ago Solved
Sir can I request to my employer for TDS mismatch resolution online as I seeing on traces website..
Because in form 16 tax 8000 but deducted tax is 10000 so plz help
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Amlan Dutta
Yes, you will advise your employer to correct TDS return so that TDS deducted appears as credit in form 16 ..if they refuse , you can complain against them to your assessing officer ...they are not doing any favor ...it is their duty
  • 2 hours ago
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rohit

LTCG on stocks...
15 hours ago Solved
if income ONLY from longterm capital gain 4,45,000 rs ( NO intraday , NO fno , NO shorterm ) dividend income 35,000 HOW MUCH tax is applicable and he file itr 2 or itr 3
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Amlan Dutta
Dividend fully exempt , when was this LTCG realised ...until dates provided , i can't comment ...if it was before December 31st 2017 , then this too is exempt and simply ITR 1 can be used and both declared under exempt income reporting section
  • 2 hours ago
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Neha namdev

How to fill form 10 E...
16 hours ago Solved
1. Meri salary se income 350000 h
2. arear 100000rs mila h 3. Bank interest 20000 h. 4 . ek tv game show se 100000 rs mile h 30% TDs kat kar 70000 diye h pls now tell me what I fill there
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Amlan Dutta
If you keep repeating questions again , i will delete this profile from the site ...i have already answered once and i repeat i wont tolerate repeat questions again
  • 4 hours ago
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PIYUSH

TAXABILITY OF SALARY ALLOWANCES...
16 hours ago Solved
Hi Amlan,
I got following exemption from my FORM 16, i hope i have declared correctly . please advise. meanwhile we get 2200 meals coupons every month ( 26400 yearly ) . however there is no mention of this amount in form 16 or in our tax sheet . here is snap from pay roll. thanks
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Amlan Dutta
Yes, this is correct ...well done ...hardly anything for me to answer here .... the first is transport allowances exempt under 10(14(ii) i.e 1600 per month translating to 19200 Rs and the second is actually tax free medical reimbursement until 15000 Rs under section 17(2) ....i am not sure of what h...
  • 16 hours ago
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PIYUSH
ty for quick reply. you are savior. in my next visit to Mumbai , i would surely hope/wish to meet you
  • 16 hours ago
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BHUSHAN DEORE

Taxability of Life insurance plans...
20 hours ago Unsolved
I took a policy(single premium) from life insurance company and premium is 100000 in year 2010 and Term is 8 Years, they have deducted 1% tax of maturity amount, that amount is shown in 26as. total maturity amount is 138160. i have just gain 38160 after 8 Years of Period.
what exact income to show...
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Amlan Dutta
Unfortunately, the entire sum paid 138160 is taxable under other sources ......one should never buy single premium policies because such instruments are very bad for returns and taxation both.....
  • 17 hours ago
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Ashvin Vyas

Interest TDS (U/s 194 A) (10%)...
22 hours ago Solved
HI Amlan,

I need to show the saving account interest in TDS2 while filing return but How to fill the TDS2 details in ITR-1 efile return as it ask for TAN number, tax deducted etc as My form 26AS will not have the information for the saving interest.

Attached is the photo for the details which i nee...
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Amlan Dutta
On savings there is no TDS , so there is no question of taking tax credit of zero TDS ...So, you will be leaving the TDS schedule blank for saving interest...had the bank deducted TDS , the same would have appeared in your 26 as statement but since it is savings interest so there has been no TDS d...
  • 16 hours ago
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Neha namdev

How to fill form 10 E...
Hi in 10 e annexure 1 (I pointed in picture) 1 Total income (excluding salary received in arrears or advance in this did I need to include income from other sources or just need to fill income from only by salery
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Neha namdev
(1) Meri salary se income 3.5 lakhs hai (2)arrears 1 lakhs mila hai (3) ek tv game show se 1akh rs mile hai 30% TDs kat kar 70000 diye
  • 16 hours ago
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Neha namdev
I want to know in 10 e what is my total income =salary +arear + fd interest+ game show amount 350000+100000+20000+70000=5400 00 I fill this am I right
  • 16 hours ago
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manoj

44ADA ( Profession)...
My salary TDS has bee deducted under section 194j and my other income come through the pension + fd and mutual fund. which ITR form i filed and how to prepare balance sheet....?
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Amlan Dutta
Salary TDS is not deducted using 194 .It is done using 192 ...yours must be professional receipts and so the deductor used 194 J ...if it is salary then ask the deductor to revise accordingly .....pension can be shown under salary and FD under other sources ...mutual funds under capital gains ...yo...
  • 16 hours ago
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