GET THE BASIC UNDERSTANDING OF INCOME TAX RETURN FILING.AND ALSO IF YOU HAVE ANY QUERIES THEN CONTACT.
Attached File : 830848 20150511114900 itr presentation 2014 15.pdf downloaded: 143 times
Menu
Income tax return filing
Attached File : 830848 20150511114900 itr presentation 2014 15.pdf downloaded: 143 times
Replies (1)
Dear Sunil,
While your efforts are appreciated, you should have done a bit more research:
1. 80C deduction for insurance premium from AY 2015-16 (PY 2014-15) is Rs 1.5 lakhs instead of Rs 1 lakh. kindly correct the same on slide 2.
2. For medical insurance premium, it is advisable to add that for senior citizens, the limit is Rs 20000. So layman assessee may trust your attachment and may lose out on some deduction!
3. Under Income from House Property, kindly note that limit for preconstruction interest is dependaent on whether the house is let out after completion or not. If it is not, then the pre-construction interest installment is within the limit of Rs 2 lakhs. Therefore, it would be wrong to suggest that there is no limit on pre-construction interest.
4. In advance tax slide, don't know what you mean by advance tax payable on "Other Income"!
Nikhil kaushik, ACA
Email: nikhilkaushikassociates @ gmail.com
Recent Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
