I am a state government employee from goa. My gross monthly salary is approximately 32k. Do I need to file itr before 31/8/2018 to avoid fine?
Thanks
19 Replies
Gauthami
(Student CA Final )
(431 Points)
Replied 26 August 2018
since your gross total income exceeds 2.5L p.a u r required to file return u/s 139(1) and the itr applicable is ITR-1 if ur income is only salary
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
Yes... You must file ITR if Your Total Gross income exceeds BEL...
As per Your given value exceed above BEL. So, Filing required.
As per Your given value exceed above BEL. So, Filing required.
anup
(trainee)
(89 Points)
Replied 26 August 2018
Besides salary account, I and my father have one joint acc where the monthly rental of telecommunication tower from jio gets deposited.. Should I show that too? Kindly explain in detail
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
What about the ratio of the said income?
Who is the 1st holder of the account?
Who is the 1st holder of the account?
anup
(trainee)
(89 Points)
Replied 26 August 2018
Nothing specific regarding the ratio.. I am the first holder..
Gauthami
(Student CA Final )
(431 Points)
Replied 26 August 2018
if you are the main beneficiary then such income taxable in ur hands under head income from other sources but it is advisable to fix some ratio such as 50:50 so that ur tax liability can be reduced
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
Who is the Landlord...?
Gauthami
(Student CA Final )
(431 Points)
Replied 26 August 2018
if tds being deducted by jio on basis of ur pan on entire rent then such income shall be taxable in ur hands
anup
(trainee)
(89 Points)
Replied 26 August 2018
As per jio, they are going to give us tds certificate which can b used to claim refund.. Regular rent is not started yet but they gave us one month rental of 18k (total 20k rent decided pm) and tds certificate of 2k will be provided for claiming refund..
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
Dear Anup.,
TDS is deducted in Your Pan then You can show it Your income...
If TDS deducted In Your father's pan then It's your father's income...
Note :
Better to the income based in landlord
TDS is deducted in Your Pan then You can show it Your income...
If TDS deducted In Your father's pan then It's your father's income...
Note :
Better to the income based in landlord
Gauthami
(Student CA Final )
(431 Points)
Replied 26 August 2018
whose pan was given to jio for deduction of TDs??? urs or ur father???
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
@ Gauthami., Please suggest who's pan will be give to jio...? Any idea...
Gauthami
(Student CA Final )
(431 Points)
Replied 26 August 2018
on whose pan basis TDs is deducted by jio???
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 August 2018
Hello., Which will be given to jio...? Son's or Father's or Landlord's...? Who is agreement between jio?
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