As Per Section 24(b) we can not avail interest deduction of under construction flat till construction is completed. but can we avail benefit of Principal Amount repaid as Section 80C doesnot have restriction in this regard for under construction flat?
Under new tax regime also , the post office savings account interest is excempt u/S 10.15.1 for Rs.3500 or Rs.7000.
it is possible to enter/add in ITR1/ITR2, under new tax regime, under income from other sources, under exempt amount from income under any other category to report only.
But system is not taking for calculations this amount .
Pl kindly clarify how to claim this ?
Which is the correct base price for calculating CGT at time of sale of inherited old gold jewellery without purchase bills from deceased parent to son?
Is it indexed price or price at date of death?
Dear Experts,
Payment made towards mediclaim policy for family which includes Husband aged 60+ i.e senior citizen and wife 59 not senior citizen . In this case 80D limit will be 50,000 or 25,000?
Please advice
Regards,
what is due date of partners to File his ITR.
Partner Not receiving any salary from Partnership firm.
Sir,
One of my friend's PAN was not linked up to June 2023. But subsequently linked by payment of Challan of Rs. 1000. Now by accessing the profile, status shown was linked, but when taking form 26As, it was shown that PAN was active and inoperative. Whether he has to any thing else for filing IT return.
Sir,
I have filed ITR-1 on 26th June with refund claim ,again filed revised return about 10 days latter on 07the July with more refund claim.
My original return is processed and awaited refund but
what is about revised return ? will it process on later?
Urgent answer pls
Dear sir
I retired last year from a private company after working for 11 years. Company had taken a group master policy for gratuity payment with LIC.
So i received gratuity amount cheque from my company but they were paid by LIC for same.
In which schedule of ITR I can show that amount and i suppose it is Tax free.
Thanks to you all for advising.
Sir, I had down loaded ITR2 , in Excel format.Filled all pages , but could not get validation from page -- CG. i do not have any capital gain or loss. But on pressing - validate- it shows - run time error 13 - mis match etc. What to do sir.
Hi Everyone,
One of my Client Leaving in Canada for 2 years on work visa, he is earning Salary Income and having bank account in the same country, as well as paying tax on the same country.
I have related queries as follows:
1) Whatever Salary income earning, on that he need to pay tax in India and Need to File ITR ?
2) He transfer part of amount in his Indian Bank, whether this amount is taxable or non taxable ?
3) After 2 years he will back in India, and whatever amount he was earn bring in India or Transfer in Indian Bank, then those amount will be taxable or non taxable.
Please guide on the same.
Thanks
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Deduction of principal Payment of Home Loan