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Hema Latha

Taxation of Mutual Funds...
Hi Amlan Ji,

Can you please make a video on How to add income from the redemption of Mutual fund units. For this can we use ITR-1?

Suppose I have redeemed an amount of Rs. 120000/-,which I invested in mutual funds through SIP, which gave me an amount of Rs. 190000/-. That is I got Rs. 70000/- as incom...
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Amlan Dutta
You have not mentioned whether the SIP is into a Equity or non equity Mutual fund . If it is equity mutual fund , again the SIP redemption is very different from a normal equity mutual fund This is owing to the periodic investment nature of SIP'...
  • May 17, 2018
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Hema Latha

INCOME TAX...
Sir
Please tell me what will be the income from other sources

1. 26AS amt+savings interest i.e. 2588+1456=4044/- or
2. Interest paid + interest Accured i.e. 6791+14391=21182/- as per deposit certificate

All the 26AS entries are fixed deposit entries only. But all the entries in deposit certifica...
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Amlan Dutta
The interest entries for the last quarter will get updated by mid may ....besides you will show total interest , irrespectve of whether it is reflecting or not reflecting in 26 AS .....but yes , first bifurcate which all interest entries are savings interest ....because you stand to claim deduction ...
  • April 29, 2018
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Hema Latha

Interest TDS (U/s 194 A)...
Sir,
As per Form 26AS total interest amount is Rs 2588/-. But this amount is not being reflected in any of the two columns of deposit interest certificate i.e Int Paid and Int Accursed.

Which amount is to be added to the 'income from other sources' in ITR filing?
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Amlan Dutta
Please don't post repeat entries pertaining to same question .....in your case , 26 AS should refer to fixed deposit interest ( check with bank )....and statement interest entries that you see pertain to savings interest ...you will add both under income from other sources , however for savings inte...
  • April 29, 2018
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Hema Latha

Interest TDS (U/s 194 A)...
Hello sir, I got Interest Certificate on Deposits from Bank. It is showing two columns, one is Interest paid and one is Interest accural. Out of the two above said columns, which amount I need to show in "Income from other sources" column in ITR filing?
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Amlan Dutta
Interest accrued would be mostly Fixed deposit interest ...check with bank .....anyways , you will add both .......
  • April 29, 2018
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