A
Archana Kumari
HOW CAN I 10E FORM AT THE TIME OF ONLINE INCOME TAX RETURN.
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You can hire me and i can help you file form 10E and claim arrears.
You can even file it from e file tab in the e filing website.
For further consultation you can mail me at canamanmaloo@gmail.com
V
Varun Thambi
After 13+ years of service, I was laid of (forced resignation) in January 2017 as part of company’s workforce trimming exercise. I did not withdraw my EPF (Employee Provident Fund) corpus then, thinking it’s my savings for retirement. Meanwhile, EPFO has credited interest for FY16-17 and FY17-18 in December 2018 with transaction date as 31-March-2018. For FY18-19 they are yet to process interest). I understand, this interest is taxable, since I am not contributing to EPF for last 2 years. My questions are;
(1) Do I need to pay tax on interest accumulated for FY16/17 and FY17/18 now OR at the time of withdrawal?
(2) If I have to pay tax now, Should I show the EPF interest earned for FY16/17 and FY17/18 in this year’s ITR (as the amount was actually credited for both years in December 2018)? If not, how should I handle this now?
(3) Under what head do I need to disclose this income in ITR-1?
(4) Would the EPFO office deduct 10% TDS at the time of withdrawal when I do it in future? If yes, wouldn't be it double taxation on me (if I pay tax on it now)?
(5) In case if EPFO account becomes Inoperative after 3 years of non-contributing period, do EPFO continue to pay interest?
I would appreciate your guidance as early as possible. Awaiting your response.
Thank You.
K
Karthik Subramanian
I am an NRI but I invested in Listed Shares and Tax free bonds (NHAI, REC) when I was a resident. in FY18-19, I sold off all the shares and the bonds on the exchange. Most of the securities were more than 3 years old when I sold them last year. Now when I am filing the return, I need to fill the LTCG details for the same in CG schedule. Under which sub section of PArt B do I fill the details as I can see there is a portion for NRI starting from PART B, section 5. Also where to put details of listed bonds like NHAI, REC as I am not able to find the pertinent section for the same
For listed shares there is a separate tab u/s 112A and for bonds you need to mention it under any other asset not specified above.
If you need I can assist you in filing your ITR you can mail me at canamanmaloo@gmail.com
A
Amit Bhupal
Sir, I have salary income on which TDS has been deducted by company.
Apart from salary income I have also given part time teaching services in one educational trust where I have received some income after deduction of TDS @ 10%. I have in 20% tax bracket. Now I have to pay additional 10% tax. can i claim any expenses under section 57(iii) against this income for avoiding tax.
I can show deduction like 80C in my ITR which is not shown in my Form No 16
Yes, Mr Amit, you can claim expenses from your teaching income such as printing expenses, stationary expenses, education material expenses etc.
Main purpose of telling you these expenses is that you cannot claim any capital expenditure from your this teaching income if shown as income from other sources.
For more clarification mail me at vmassociates2017@yahoo.com
B
Bharath
