Dear Si/Madam,

If any salary person make payment of hospital bill of Rs.80000/- for his wife without any mediclaim , so how much amount he claim,.

please advice me if any one have knowledge about this.


Thanks & Regards,

Prakash

Dear Sir,

How to refund my deducted TDS on my employer.

Hi,

I have an income from salary with a private organisation Apart from salary, I have some small savings bank interest, some dividends (all below respective tax threshold) and some LTCG for selling shares with over 1 year holding period on which STT was paid (and executed before the new LTCG norms came into effect).

1. I am guessing due to LTCG (even though exempt) I need to fill ITR 2. Is that correct?

2. In ITR 2, I see some sections like CG and OS where one needs to fill income from other sources and interest income and so on. I am guessing that’s nor non-exempt categories and I would not fill those? All I need to disclose is the EI section for my savings a/c interest, minor dividends and exempt LTCG?

3. Also for filling EI section, for LTCG, suppose I have some LTCG loss and some LTCG gain (exempt), while making the disclosure I just need to disclose the total attributable to gains or need to factor out the loss? For instance suppose I sold shares of one company at a loss of Rs 50,000 and gained (final sale value minus principal) Rs 2 lakh for selling shares of another company, do I mention Rs 2 lakh or Rs 1.5 lakh as exempt LTCG?

An Engineer assessee for the first time to file his income tax return, received professional income (tds u/s 194J) , which is more beneficial or appropriate to file his return? ie, ITR 3 or ITR 4 ,(and can i show more than 50% of his gross receipt as profit u/s 44ADA?)
Age 62, Resident, total receipt is 590000

Hi Experts,

When filing ITR-1 for salaried person, we have to show bifurcation of salary (i.e. Basic Salary, Allowances etc) or we can file return considering net salary income.

Please guide.

sir pls inform me the due to file DIN KYC .
and also procedure to upload the same

SIR I HAVE PAN CARD AND I WANT TO GET REGISTERATION UNDER GST AS A PROPRIETOR AND I HAVE READ ALL DOCUMENT WHICH ARE REQUIRED FOR REGISTERATION IN GST. BUT I AM CONFUSED REGARDING REGISTERATION UNDER PROPRIETOR ACT. OR ELSE.PLEASE SUGGEST ME ....

Hi Expert,
I am filling ITR-2 for Salary and Some Long term Capital Gain by Equity Shares (Purchase & Sales).
as per my knowledge Long Term Capital Gain is Exempt, but when i am filling amt in capital gain Sheet, it is calculate 10% Tax thereon, kindly let me know whether this is correct OR i have to put amt in another cell for taking exemption.
or i am doing wrong

Thanks

I have an income from Salary with Private Organisation

A part from Salaried income, i have taken Tax Saver Mutual funds which are subject to tax liable under 80C section on 1-Jan-2017.

I also have Shares which are brought in 2012 for a worth of amount xxK and is now of worth xK (shares are in loss) where i haven't sold the shares till date. Can i show the share's under Capital Gains as loss (Note : I haven't sold the shares)

Please guide me on IT Returns form to be filed.
Under which section of ITR, i have to file the Captial Gains (Loss) .

Thanks in Advance

We do Purchase Fabric @ 5 % GST as a Raw Material, then our workforce work on it to make it complete Saree. The prices of Finished Saree are in between Rs. 500/- to Rs. 3000/-

In our GST Return we claims ITC of GST paid on Fabric Purchase

We did study that what would be the tax rate on our finished output i.e. Saree.

In one article it was written that GST @ 5% shall be charged on Saree price below Rs. 1000/- and GST @ 12% shall be charged on Saree price on or above Rs. 1,000/-.

In another article it was written that if GST @ 5% is charged on Saree then the Seller can not claim ITC of GST paid on raw material (Fabrics).

In another article it was written that Saree is considered as Fabrics only and hence, all sarees shall be levied GST @ 5% only.

We are very confused. Hence, We request the Experts to put some light on above issue and please clarify the GST Rate.

We asked the above query at CBIC Helpline number, but they didn't respond.