IT Filing

This query is : Open

venkateswarlu. (Querist)
Follow

07 June 2017 Individual is having Salary Income of Rs.400000.Tax Deducted is Rs.10300/-. and Other Sources income from Card Games of Rs.20000/- against that TDS Deducted is Rs.6000/-. 1.Tax payable including other sources is 12360/- but already tax deducted is 16300/-.Refund is 3940/- 2..Tax payable excluding other sources 10300/- but already tax deducted is 10300/-.Refund is nil.Other Sources income also same I.e 6000/- so no refund. Please clarify which one is correct method or suggest alternative.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

07 June 2017 Tax on other sources is Rs.6000/- while on remaining income it is 10000(15000-5000 rebate). Total tax is 16000+ 3% EC=16480 & TDS deducted is 16300/-.Now tax payable is Rs.180/-

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Leena Rachh

RISHI LATTA

Dhananjay Singh

shubham agrawal

N N V Satish

Subscribe Now

IT Filing

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

Senior execiutive

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant