INCOME TAX SAVING

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217 Points Posted on 25 June 2022

Dear Sir/Madam

Kindly help me to file ITR without paying tax (without claiming HRA)

Salary Income- 594359.00

STCG- 22608.00

LTCG- 13832.00

OS- 45082.00

TOTAL= 675881

DEDUCTION:

80C-150000.00

80D- 15454.00

PREVENT HEALTH CHECKUP- 5000.00

80TTA- 2590

TOTAL = 173044.00

NET INCOME- 502837.00 

 

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On 25 June 2022 at 09:17 Report
Replies (38)
Quick Summary
This discussion explores strategies for filing an Income Tax Return (ITR) with the aim of paying minimal or no tax. The user has a salary income of over £5.9 lakh and various other incomes and deductions, but lacks rent receipts for HRA exemption. Advice is given on claiming deductions, the possibility of HRA exemption without formal receipts, and the potential tax implications of different income sources and capital gains. The conversation also touches upon the risk of tax scrutiny for certain income levels.

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Chartered Accountant
86505 Points Posted on 25 June 2022
What income are there in other sources.
1 Reply
On 25 June 2022 at 10:21
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217 Points Posted on 25 June 2022
Interest from fd-40922.00
saving bank interest- 2590.00
dividend- 1570.00
2 Reply
On 25 June 2022 at 10:42
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Chartered Accountant
86505 Points Posted on 25 June 2022
No option other than claiming HRA exemption .
1 Reply
On 25 June 2022 at 10:43
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217 Points Posted on 25 June 2022
Mam I don't have rent receipt & agreement
so what should I do if rent 4000 p.m.
1 Reply
On 25 June 2022 at 10:47
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Chartered Accountant
86505 Points Posted on 25 June 2022
Claim exemption even if you did not have rent receipt
1 Reply
On 25 June 2022 at 10:50
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217 Points Posted on 25 June 2022
Rent receipt I can make online but my question is agreement is mandatory?
if yes than what should I do (I left that house already)
1 Reply
On 25 June 2022 at 11:15
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CFO- at NHTF
58280 Points Posted on 25 June 2022
Rent Receipt will be accepted
1 Reply
On 25 June 2022 at 19:40
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Chartered Accountant
86505 Points Posted on 25 June 2022
Agreement is not compulsory.
2 Reply
On 25 June 2022 at 20:22
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217 Points Posted on 25 June 2022
Thanks
1 Reply
On 25 June 2022 at 20:48
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CFO- at NHTF
58280 Points Posted on 25 June 2022
👍🏻👍🏻
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On 25 June 2022 at 20:55
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Chartered Accountant
86505 Points Posted on 25 June 2022
Welcome Dear......
2 Reply
On 25 June 2022 at 21:00
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Practising CA
8954 Points Posted on 25 June 2022
Salary income of 594359 - is after standard deduction and profession tax ????
1 Reply
On 25 June 2022 at 21:43
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217 Points Posted on 26 June 2022
Yes sir
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On 26 June 2022 at 06:32
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Practising CA
8954 Points Posted on 26 June 2022

Then HRA exemption is the only way. 

2 Reply
On 26 June 2022 at 07:03

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