I used ITR.Helpdesk @ incometax.gov.in at least it didnt bounce back- but of course no reply. Anyway, action is what matters, repky doesnt.
I used ITR.Helpdesk @ incometax.gov.in at least it didnt bounce back- but of course no reply. Anyway, action is what matters, repky doesnt.
Also, even Excel utility should be compatible with any excel providing platform, I mean even for open Source, eg Open Office. How come Government favors Properietary Microsoft Office- Licensed Version only? I never used MS Office, in fact rarely Windows. Complained on X, but I know it wont help.
Tdoay I also tried to calcualte tax.
Total Taxable Income is below 7 Lac under new regime.
In 87A tax rebate field, it allows to insert vlaue upto Rs. 25,000
However, final tax computation does not change that means, it ignores rebate.
is it so that if your taxable income is only on account of Capital Gain, no rebate is allowed?
Sleep man, file on line now ITR2 working ok and wait for ITR 3, hope by Monday ITR3 will be available.
My wife's total inclome (3L normal+ 3.6L CapGain). We tried online ITR2. Everything was ok but it showed Rebate 87A as -500 (negative). Naturally validation complained it cant be less than zero. Went back, made it '0', confirmed and tried to re-validate. Same error. Came to know even after chnaging it to 0, while confirming it goes back to -500. Loged out, tried again. No luck.
Any suggestion, please?
Whether capital gain is from equity based i.e u/s. 112A IT act?
Yes, u/s 112A. Other Sources (Normal rate) Rs. 277000 CG: 358000.
Your capital gain u/s. 112A is required to be declared under Schedule 112A..
It will be taxable (net 3.58-1.25 = 2.33L- 0.33) @ 12.5% or 12% based on date of sell
You need to check the data entered correctly...
There will not be rebate as the other income is below 3L.
Thanks a lot. Yes, I calculated (entered values in ITR2- it calculates automatically), tax in 112A, paid taxes. I am not worried about Rebate. But automatically that row is filled by "-500" even after correction. Just after correction, when I confirm- it goes back to -500. Hence the validation error. How to get rid of that- thats the puzzle.
Fill 112A properly two options one with FMV 20% or 12.5% , once filled properly total LTCG is available. In schedule CG quaterly gain to be filled , no negetive amount is allowed.confirm bfla sheet.
Yes, did all that, paid the resulting Tax. Then this negative 87A rebate, which doesnt go even if changed to zero time and again. Stuck there!
It needs to be personally verified.
Or file complaint under Greivance with screenshot, to get it resolved from the software engineers.
ITR3 ON LINE FILLING ERROR (TYPE OF ACCOUNT)
CLICKING ON ERROR NO TAKING MR TO SCHEDULE, EVEN DOES NOT SAY IN ERROR IN WHICH SHEDULE
ONLY THERE TYPE OF ACCONT WORD IS IN GENERAL SHEDULE IN BANK ACCOUNTS
I FILLED ONCE AGAIN I STARTED NEW FILLING, BUT SAME ERROR
NEW OFFLINE ITR 3 UTILITY WORKING GOOD
SEE SCREEN SHOT
ONE MORE ERROR IN ITR 3 EI SCHEDULE
NATURE OF INCOME OTHER
DESCRIPTION PPF INTREST
AMOUNT XXXXXX
SHOWING ERROR IN SCREEN SHOT THIS ERROR APPEARED IN TWO ITR3 BUT IN ONE ACCEPTED BUT GAVE ERROR OF (TYPE OF ACCOUNT)
IF I MAKE ZERO THEN NO ERROR
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