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KUSHAL TANNA
20 July 2019 at 10:15

Deduction u/s 80c

Does Principal and Interest (on housing loan) both qualify for deduction u/s 80C?
My client is employee in Corporation Bank. Bank has issued Form 16 for A.Y. 2019-20, where in Principal + Interest that is total installment has been shown as deduction u/s 80C
Also, Interest is shown as deduction u/s 24(b) under the head Income from house property.
Is the calculation given by Bank in Form 16 correct?


CA Parul Saxena

Truck driver changed the route and vehicle and hence vehicle was detended. Penalty and GST had to be paid to release the vehicle. My query is whether GST paid to release the vehicle is required to be paid again at the time of filing of GSTR1?


K BHEEMA REDDY
20 July 2019 at 09:51

Income tax return

Dear sir/Madam,
My friend was a salaried employee, he has earned a income of Rs 350000 per annum ,and after claiming chapter VIA deductions and HRA the total income was Rs 200000.,And he also income From playing Card Games is Rs 21000 (30000-30000*30%) after deducting TDS @30%.In 26AS tax credit TDS on winning from card games also updated Rs 9000.
Here my doubt is how can we get refund of Rs 9000,Because his total income is Below exemption limit.
and which ITR form we can use.


Thanks in advance,
Regards,
Bheema Reddy.K.


Niti Garg
20 July 2019 at 06:00

Ca without frn

Hi can ca being a partner in a firm issue certificates in his individual capacity n also not putting or having any frn apart from the frn of the firm he is partner of


CA SANJAY JOSHI
19 July 2019 at 23:06

89 relief

1. Total income of earlier PY17-18 includes arrear of 100,000.
2. Relief was not claimed in the PY 17-18. Assessment done. refund claimed.
3. During current Year PY 18-19 salary includes arrear.
4. Relief is now claimed.
5. Whether Total income of PY 17-18 should be inclusive of Arrear or exclusive of arrear for the purpose of relief during PY 17-18 ?? Please advice


Bhuvana Sundari Ramachandran
19 July 2019 at 22:47

Uploading schema

I am getting an error while uploading ITR2 schema - error line 166 exemption on 54f deductions.
I do not have any exemptions in my return.


ARITRA CHAKRABORTY
19 July 2019 at 22:18

Gst tds

Sir/Ma'm,
I would like to know the procedure of getting back the TDS on GST.
I have supplied order(I have GSTIN) and prepared a bill suppose of Rs. 100 and added GST 12. Total Rs. 112. The authority is paying me 100 less % TDS plus Rs.12.

So how should I get back the deducted amount?


Kollipara Sundaraiah online
19 July 2019 at 20:56

Income tax return

One person agricultural income 4 lacs and other source of income 150000 received . Income tax return filed compulsory for 2018.2019 financial year.


Ashutosh Tiwari
19 July 2019 at 20:42

Carrier guidance

Hey !!
I am studying in class 12th . I want to become CA .. what the things I want to do now to become CA , like graduation subject , exams , duration of exam , place to get admission, etc. . I am just beginning my future journey .. can u pls guide my way ??


RAJU
19 July 2019 at 20:16

Sec 54 f of income tax

Dear Sir

I am having Long Term capital gain of Rs 15 lakhs from the sale of shares and mutual funds in FY 18-19 .

I have booked a flat under construction with a builder and the hand over will be in 2021 . I am paying the installments as mentioned in the agreement . I may also avail a loan also for this flat . I don't have any other residence in my name The query is

1 Can I claim deduction under Sec 54 F while filing my ITR for 2019-20 AY ? even if I am using the part from Bank loan ?

2 There is a time clause mentioned in the act . But the capital gain was generated on different dates on different transactions . The counting of the dates set by the Act will start from the end of the FY (31-03-2019) or the individual dates which was spread over FY 2018-19





Thanks

Raju