> Tax on Income from bank interest at source, under sec 194A, is free of edn+higher edn cess of 3%

> While filling ITR this income is shown under 'Income from Other Sources' and gets added to gross total income and invites a cess of 3%

> Isn't this a contrary to the basic rule of keeping TDS under sec 194A cess-free ?

Tax slab is >10Lac

Hi,

I have C/f STC Loss of Rs. 50,000/- pertaining to A. Y. 2014-15.

In this year (A. Y. 2017-18) , I have made STCG of Rs 41,000/-.

My total income including the STCG is below 2.5 lacs. Hence, no tax.

Can I choose NOT to set-off STC Loss against the STCG of this year and carry forward the entire STC Loss of Rs. 50,000/- to subsequent years?

Case Law if any would be highly appreciated.

Thanks,
Niki.

I work in small pvt sch & get 1 lakh in a year which I get through bank transfer as salary. I am not having any income statement or epf or any other deductions. My mother is a pensioners in bank account and income is low (non taxable) & so does not file return (she does not have pan even). She also contributes in family expenses, money is transferred in my account, which I withdraw if needed or it remains deposited & earns interest. It is very low though, say 1 lakh in a year & interest in s/b on accumulated amount (over 4-5 years) is 15k in current year. I have separate FDs (accumulated over several years) is 50k & tds (since I did not deposit 15G/H in time) is 5k. All my & my mother income, even combined including interests, is less (almost exempt). I have to file itr-1 to get the bank tds refunded. Please help me on following: 1. Will I show 1 lakh in salary income. In this case, can I leave 80c empty even though it may be a little amount. 2. Will I show other source income as 1 lakh (received in my a/c from my mother's pension a/c) + 15k (s/b intt) + 50k (fd intt) & show 10k in 80tta. 3. This makes the correct refund amount, but is it correct technically.

Where show vat tax refundable in Itr 3

Hi, my Form 26As shows 4 Lacs, but after my exemptions, say it will be 3.5 lac, I have mentioned in 3.5 lac in Tax details. Will I get any notice if there is mismatch of income shown in Form 26 AS & Tax details provided by me.?
Should I revise the return1

What is limit on deduction u/s 80C, 80CCC & 80CCD combined & individually for the FY 2016-17 (AY 2017-18)?
Please help

Hi Friends,

Income tax payable is showing in debit, can anyone let me know the treatment for this, what adjustment I should make to correct this.

Thanks
Ali

Income from Blog received in dollars(PayPal account). Should it be shown as income from other source or as income from outside india in ITR-2

I have a saving bank account and receiving salary through bank I have opted mode balance in my account where if balance of my account exceeds ₹ 5000 than entire amount goes into STDR through mode balance and during the year 2017-18 I have received ₹ 159970 as bank interest and bank has deducted ₹16026 as income tax which is shown in 26AS also can I claimed interest rebate ₹ 10000 by filing of ITR

Can person revise ITR for AY 16-17, if he already took refund for Rs 2000in original return .Now he want to claim additional refund of Rs 2200 which he couldn't claim bcz of non availability of form 16A. Can he revise now??