Section 80ccd(2)

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

raghavendra b

raghavendra b (Querist)
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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)
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22 July 2018 Yes, both columns to be filled in.

raghavendra b

raghavendra b (Querist)
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22 July 2018 THANK YOUR SIR

REGARDS

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