Hra exemption in itr1

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This query is : Resolved

Manish (Querist)

25 July 2013 Hello Sir,

this is first time i am filling returns so i have some doubts.When i am filling ITR1 in when i am giving my rent paid 86000 system calculating only 24000.I am not able to understand why this is happening.

My other query is in last financial year i worked for 2 employers.

1'st employer(April 12- Nov 12)
2'nd employer(Dec 12- Mar 13)

Accountant from 2'nd employer said form 16 is not issued for 4 months.Do i need form 16 from both employers to file returns.

There was no tds deducted from both employer.

Please respond asap.

Thanks,
Manish

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

25 July 2013 IN ITR-1 which place you are mentioning Rent paid?

Incase you have the income and tax deduction details of 2nd employment, you can file directly without form 16, but check the 26AS status before that

Manish

Manish (Querist)

26 July 2013 Ramesh Sir,

Thanks For you reply.

I am mentioning it in under 80GG section.

Am i filling right itr form itr1 or i have to choose another itr form.i got salary certificaes from both my employers.do i need to attach those salary certificates with my itr form. If not how will IT department believe on my filled in details without any attached proof.

Regards,
Manish

Manish

Manish (Querist)

26 July 2013 Ramesh Sir.

There was no tax deducted from both my employers so there is "no tax credited " status in my 26AS form.

Thanks,
Manish

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

26 July 2013 The ITR-1 calculating rent deduction correctly. because maximum deduction under sec.80GG is Rs.2000 per month and Rs.24000 per year.

As salary case . need to file ITR-1

No need to attache any document with ITR.Incase any clarification department send you the letter to produce the document that time you can show. now filing return no documents to be enclosed

Manish

Manish (Querist)

26 July 2013 Ramesh Sir,

I get HRA from company so should i calculate chargeable income after exemting HRA(as i pays rent and have rent reciepts) instead of furnishing it under 80GG.

Regards,
Manish

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

26 July 2013 Yes. you can calculate the HRA yourself and take exemption provided the rent receipts are availabl instead of claiming 80GG

Message likes : 1 times

Manish

Manish (Querist)

26 July 2013 Thanks a lot sir.It was my first post in caclubindia and i got answers for all of my queries.

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