Respected Experts,
An employee got the following amount after resigned :-
1) Salary : 20250/-
2) Gratuity : 101250/- (for 6 years)
3) Leave encashment : 18680 (Balance EL)
4) PF share of Employer during the f.y. : 18900/-

Should amount of Sr. no. 2, 3 & 4 added in salary component while filling ITR for a.y. 2018-19? How & where I show the above received amount? If these figures are exempt either I show in ITR or not.

Please Experts, its my humble request, I am very confused, Pleaseeeeeeeeeeeee help me.

Rakesh Sharma

I HAVE TUTION INCOME OF 1.5 LAKH AND CAPITAL GAIN INCOME FROM SHARES
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE

Harikrishna: Friends doubt Regarding equalisation levy The assesse need to file any form? Like ITR? Or genearating challana id fine?

whether agricultural land situated in Nepal came in the purview of definition of capital asset under section 2(14).

in case of joint loan can a single assessee can claim full amount of interest in his ITR. ownership is 50-50%. person who want to claim is paying whole of the interest amount.

In Sec.44AD, we tax 8% profit on turnover and if we have to show less than, then accounts should be audited u/s 44AB provided t/o is less than 1crs. in ITR-4S. But if t/o is less than 1crs. and we are showing profit after deducting expenses from income in ITR 4 , and such profit less than 8% of turnover, then accounts need to be audited?

What are stand by assets which are allowed dep even thought not put two use as per CIT V/S SOUTHERN PETROCHEMICALS IND LTD (MADRAS)

In regards to Sec 54 of Income Tax Act, exemption is available if:
a) New Property purchased before 1 year / after 2 years of sale of property., or
b) Constructed withing 3 yrs from sale of property

My query is that, will the exemption be available if a property is constructed before 1 year of sale of property, as section specifies 'Purchase before 1 year'.

I have a query, can a father let his property to his son and son sublets it for commercial purpose to third party and this way both father and son save tax as total rental income gets divided between father and son, please suggest/give openion.

Many thanks,

An individual being salaried taxpayer has made investment in NSC of Rs. 40000/- in name of wife in financial year 2010-11. Now, it got matured in Mar'17 i.e. after six years for Rs. 60000/-.

Now, the wife want to make investment in FD in her name. Whether it is safe to invest Rs. 60000/-. Whether any notice from ITD may be served for being exceeding Rs. 50000/- or she should invest for an amount below Rs. 50000/-.

Please advise for which amount she should proceed for investment.