Income tax return filing

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