Section 80ccd(2)

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This query is : Resolved

raghavendra b (Querist)

22 July 2018 DEAR SIR,

MY DOUBT IS INVESTMENT U/S SECTION 80C-150000, ADDITIONAL NPS BENEFITS U/S 80CCD(1)B,-50000, AGAIN WE CAN CLAIM DEDUCTIONS EMPLOYER'S CONTRIBUTION TO PENSION FUND U/S 80CCD(2) EXTRA MEANS
SECTION 80C,CC, UP TO 150000,
SECTION 80CCD(1)B ADDITIONAL -50000,
SECTION 80CCD(2), 58976 EMPLOYER CONTRIBUTION

TOTAL 150000+50000+58976=258976.

IS IT CORRECT CLARIFY ME
REGARDS

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

22 July 2018 Correct, but 80CCD(2) should be limited to 10% salary.

raghavendra b

raghavendra b (Querist)

22 July 2018 THANK YOU SIR,

I HAVE ANOTHER SMALL DOUBT WHILE PREPARING INCOME TAX RETURN FOR TRADERS, LATEST ITR FORM NEED TO BE FILLED G S T NUMBER AND TURNOVER. PREVIOUSLY WE DECLARED PROFIT UNDER PRESUMPTIVE BUSINESS PROFIT DECLARING MORE THAN 8%. NOW IF DECLARING THE PROFIT UNDER PRESUMPTIVE BASIS ONCE SHOULD SHOW TURNOVER BOTH PRESUMPTIVE COLUMN AND GST TURNOVER COLUMN,

PLEASE CLARIFY ME,

REGARDS

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

22 July 2018 Yes, both columns to be filled in.

raghavendra b

raghavendra b (Querist)

22 July 2018 THANK YOUR SIR

REGARDS

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