Bhaskar (Accounts Executive ) (91 Points)
15 June 2018Dear Sirs,
One of my friend filling ITR 1 as per the below details.
Basis salary . 3,87,277/-
Allowance not exempted.1,82,911/-
Interest fee on concessional loan.10000/-
Savings under 80C...51,146/-
Tax payable as per Form 16 of Rs.18,406/-
Tax paid of Rs.24,500/-
TDS deduted on FD of Rs.1560/-
Now he is filling ITR 1 In that refund amount is showing of Rs.8001/-
Kindly suggest whether it is right or wrong.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166169 Points)
Replied 15 June 2018
Actually, you have not declared interest earned on FD in the calculation !!!
Bhaskar
(Accounts Executive )
(91 Points)
Replied 15 June 2018
Dear Sir,
Interest on FD of Rs.20545/-
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166169 Points)
Replied 15 June 2018
So, fill that detail in the utility and check for final refund amount........
Bhaskar
(Accounts Executive )
(91 Points)
Replied 16 June 2018
Dear Sir,
Thank you very much for the valuble information and we submit details as per form 16 and now massage stating that
Income chargable under the head salary is less then 90% of salary reported in TDS1.
i hear details some one that the exempted amount like ( allowance , HRA ) need to show other income exmepted colom
Kindly confirm this is correct or some where we need to update data.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
