This Query has 2 replies
I have a Total Gross Income of 7,19,882? After claiming standard deduction (50k) & professional tax (2.4k) .... Along with 80C (1.5 Lakhs), 80CCD(2B) 50k .... Taxable Income comes to 5,16,882. I am filing ITR for FY 23-24 so no option to invest or something. So what are my options to make it below 5 lakh. After some research I found somethings that are applicable to me but not sure whether i can claim them. Any suggestions would be helpful:
1.> 80D we can claim preventive health checkup upto 5000 that is done in cash. Also I have a health insurance of 1999 so that makes it 6999. But for 5000 can i claim without any receipt? For 1999 I got receipt. Or if not 7000 can i claim a total of 5000(1999 + 3000) though for 300p also i don't have receipt.
2.> Food coupon/ allowance can be claimed under 10(14) (i) upto 26,400. But my employer deducts the food contribution from salary shown in payslip. So can I claim this ? Total amount is 10000
3.>. Also we can claim Internet Allowance under 10(14) (ii) but my employer gives internet allowance named as Other Allowance in payslip. So can I claim that . Its total 6000. Also I donot have bills of broadband.
Please suggest if I can claim any of the 3 mentioned or anything other than theses that i can claim
This Query has 2 replies
Dear sir,
is it mandatory to disclose form 12BB data (previous employer salary details) in 24Q-Q4 tds return when employee joined in middle of the year.
Thanks in advance,
Thanks & Regards,
Bheema Reddy
This Query has 2 replies
Respected Sir , I have not Filled ITR For A.Y. 2023-24
in A.Y. 2024-25 Year Income Includes arrear income for A.Y. 2023-24
can i file Form 10E of A.Y. 2024-25 for Claim Releif u/s 89(1) ??
This Query has 4 replies
Question:
ABC Pvt Ltd company has paid group insurance to all employees (Mr.A).
Mr. A don't have any other health insurance except company provided ,
In this case Employee can claim a deduction up to 50,000/- on Medical expenses.(If Senior
Citizen)
Please suggest whether can i claim or not
Thank You
Sanjay
This Query has 3 replies
Hi,
In F.Y 2022-23 we had filled ITR 4 for salary and professional income but this Financial year I have some lost from Share market so this year we need to fill ITR 3.but my query is this year we transfer ITR 4 to ITR 3,so we need to tax audit or not.
This Query has 2 replies
Pan card was issued with the capacity of firm in the place of cooperative society. what is the processor to get it changed
This Query has 1 replies
Dear Experts,
We are taking services of Sponsored Updates for running LinkedIn ads for our Brand awareness from LinkedIn bases in Singapore.They have no PE in India ,should TDS applicable over this services .If yes then what will be the rate.Do RCM liability of GST also applicable.
Regards
This Query has 15 replies
I shown full amount of LTCG in fy2012-13,though I received rs.10 lac less due to some condition in the agreement. But A.O. asked to declare full amount and deposited in NHAI for 3 years then. those ten lacs I am due to receive now .should it be redeclared ? if yes how? what about tax on it.?
This Query has 8 replies
If any income received from Winning of Quiz or competition as prize money and deductor have filed their tds return for TDS deducted U/s 194B. So how can this income to show in income tax return for Assessee. TDS deducted @ 30% by deductor.
Assesse also have Salary Income so which Income Tax Return Form to file and will get all chapter VI investment deduction from total income, such as 80C, 80U, 80D, etc.
Please suggest.
This Query has 2 replies
Hello everyone,
While trying to file a revised TDS return for 24Q4, I am getting this error- T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Help In Tax Savings