I have received my performance based payment pertaining to the year 2016-17 in the month of April, 2018 from my company. While checking the Form 26AS for the financial year 2017-18 (AY-2018-19) (as about to go for filing ITR), this payment was found accounted along with other details of the payment the financial year 2017-18. I have sent letter asking clalrifications from my company for this wrong accounting. But, so far no reply. However, I have been following it up.


Grateful, if you could give your kind advice whether the referred performance based payment is to be taken as income for the financial year 2017-18 or 2018-19 while filing my ITR.

Kindly advise at the earliest.

Thanking you,

regards
raman.k

MY FATHER IS A GOVT PENSIONER

HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912

THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.

I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,

BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.

THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637

PLS CLARIFY

THANK AND REGARDS
SURESH

Hello Everyone ,

I am Non Resident Indian and US tax resident .

I draw my yearly salary from US and pay taxes here to IRS .

I have to file for a refund with Indian Income Tax dept thru ITR 2 for claiming my refund of taxes levied on interest earned on NRO account. I have below questions :

1) Do I have to submit ITR 2 and not ITR 1 ?

2) In the ITR2 , do I need to furnish details of income earned outside of India ? If yes , then what will be the relevant article of DTAA (Schedule FSI column f ) between India and USA that will help me avoid double taxation since I am a US resident.

3) Do I have to furnish my US bank account and related details in Schedule TR-FA of ITR-2 ?

Please help me by answering these questions.

Thanks in advance !
Shashwat

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Hi,
We have sold a plot in May 2018, we inherited this plot via Will, but this plot was not diverted, so I am not sure whether it is residential or commercial. With the sales proceeds I would like to buy a residential apartment/Flat either 'ready to move in' or under construction. I would like to know how much time do I have to buy the apartment before I am charged long term capital gains tax.
Do I need to show this transaction in my IT return for the year 2017-2018.
Please note that I already have a house on my name but this one will also be sold within one month and I will combine the sales proceeds from this house and the plot mentioned above to buy a new apartment.
Thanks

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thanks in advance

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