Hallo sir.Ihave been seeing many videos of different C.A. on Tax subject. But no one has made vedios on questions. made by viewers. You are really great. Thank you for making such videos so that clarity is obtained on so many questions. I don't have words to appreciate you.
Sir, I want to know about eligibility of std deduction . I was semi govt employee . We had facility of cpf and no pension except eps95, I get pension on PMVVY scheme. Does this pension qualify for std deduction of 50,000 u/s 16?
Tax Pundit sir ,scheme is being run by GOI through LIC and it says ask Tax experts or Income tax department / CBDT . Who can answer this. ? You are right person and after clarifying this from IT dept please I reply. IT department don’t respond to us. It seems you are also shirking/ skipping to reply . If u are using Utube for benefit of gen public , u should take initiative
Pension like LIC Annuity is not entitled for Standard Deduction. If we extend this logic to PMVVY then standard deduction is not available. However, there is ambiguity on the point so take a call accordingly.
Sir land purchase kartai time jo cheque Bainamai mai show kiye thai wo bank nai reject kar deai h,, kya ab Saller ko dobara new cheque dai saktai h,, koi problem too nhe hogi income tax walo sai,,
Dear sir, I am a pensioner. My pension details & FD interest figures r correctly shown in AS26. But in form 16 given by the bank the Q2 pension figures are fully missing therefore total pension shown in form 16 is less than that is shown in AS26. I have filed itr with correct figures as per AS 26 and my passbook . How will this mismatch between AS26 and Form16 affect. I approached bank for rectification of Form16, they say they have taken up but it will take long time to get corected form 16. What should I do. Regards
Sir please clarify the tax liability of interst earned but not paid by credit coop. society in the f. y. 18- 19 on time deposits with them.Maturity amount has also not being paid due to seizure of all actts.by govt. notification. Even intt. certificates are not being issued due to this problem. The society has never deducted tds on intt .in the past but always issued certificate on intt. paid. The problem is since Dec. 18. should I pay tax on this intt. by self calculating it so as to prevent any future inquiry from I T dept.
An Assessee who is senior citizen and incurr dental expenses ( Dato ka operation and naye dat lagwaye) kya kisi section me dental expenses ja deduction claim kar sakte he? If yes then what should be mode of payment?
Sir, one more question …. I purchased a car whose value is more then 10 lakhs and the same amount is reflecting in form 26AS under part B- details of tax collected at source , in this line system is asking for the Amount like " TCS Credit out of Column(5) claimed this year ...what im suppose to do in this..please help me out ...thanks
@@TaxPundit thanks a lot sir , Sir in my case the amount shown in " Total Tax Collected " = 10006.00/- ..how much of this amount I can claim this year--19-20(AS ) ..where as I am filing a ITR for the year 18-19..please help me out ...regards
Sir mene A/Y 2017-2018 ki rerurn file ki thi magar ush me meme TDS ko galat fill kar diya tha jiske karan mera tds disallow kar diya gaya hai ish ke liye me ab kya kar shkta hu .sir plase realy
I am a senior citizen doing intraday trading. Filing itr3 for the first time. What is the answer for the question nature of business? I don't see any thing related to share trading
Sir I have filed mu ITR of 2014-15 and have not clsimed TDS deducted and processed . Can i now file rectificaton under secttion/154 and claim TDS deducted
Sir, after retirement from government job, I have received tax free income like gratuity, commuted pension, provident fund, leave encashment & payment of Central government employees insurance scheme. Where shall I show tax free income in ITR 1 for AY 2019-20. Since in this year rule has changed for showing tax free income. Should I add all tax free income in salary head first than only I can show tax free income by selecting drop down menu. Pl. guide in this matter.
Sir, I am a PSU employee and covered under NPS. My GTI is 7L including 10 pc contribution from employer (60k). My ppf contribution (80c) for fy 18-19 is 1.5 L. Can I take debate under 80c 1.5 L, 80 ccd2-60k and CCD1B 50k. My form 16 doesn't shows 80ccd1b but my self contribution is 60k. Plz early reply. Thanks
Sir, I have filled ITR 1 and successfully submitted. But in Refund credited on account column by mistake I have selected (tick) two banks. Therefore I want to know that how it can process for refund. Any rectification needed. Please help
Sir mai pahle bar income tax file karunga 2 lakh ka is sal aur Maine pahli bar hi is mutual fund me 9 lakh tak ka invest kiya hu to plz bataye isme mujhe kuchh income tax department se notice aa sakta hai kya
my son and my daughter bought a flate. they are showing the.rent taken in their return. but they are geting the rent sentby the tenant credited in my a/c. in fy 17-18 I also shown the interest income in my return ay 18-19 pl adwise how it can be taken back by me pl advise. thanks. sudeshsethi918@gmail.com
Sir I got some shares from my father's after his dath 4 years back. But I don't have purchase Price. I sold shares in December 2018. Please guide me for moving property tax and value of purchase price.
Contact the company and find out date of transfer in your father's name. If you get the date you can then investigate to find market value on that date. If this is not possible you can take cost of acquisition as Zero and offer full sale consideration as Capitsl Gains.
Sir, Your videos are always nice and helpful... I have one question to ask. What is the income tax rule if someone finds a bag full of cash worth rs. 1,00,000 for instance and his total taxable income is below basic exemption limit? and if possible, make a video on this matter pls.
Future and options me turnover Kaise calculation karte hai Kya income tax ke section 44AD ke according turnover ka 6 percent se kam profit hone par audit karvana hoga please clear sir and make video on this topic
Sir, I purchased a LIC Policy in the name of my Grand daughter. I am proposer of Policy and I am depositing premium . I am senior citizen and pensioner. May I take amount of premium amount under 80C for rebate. Please reply.
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption Please reply where I can claim
Sir, I am a central govt employee . I would like to know where to put the CGHS amount deducted by the government which is around 7800/- in RTI-1 under section 80D CGHS. In RTI-1 the same 80D CGHS column is not available ..please help me 0ut. thanks a lot.
@@TaxPundit Sir , there are many sections under this 80D head. this is the only confusion as I didn't find any thing like 80D CGHS column where I can enter the value of CGHS deducted by the Government ...can u please let me the head in which I can enter the value.? thanks Show less
In continuation i may pl be infomed , i purcase medicines In vretail, max i can have cash memos for amount bpaid by me. If simple claiming is enough on my side or bi need to preserve documentry evidence in my records and if cash memomos for medivined are enough. Or i dont need any documrntry proof.
Respected Sir, एक query का निवेदन है, कृपया मार्गदर्शन प्रदान करें- Itr - 3, schedule CG & schedule 112A. (1) schedule CG, Part B, item no 5 (LTCG on sale of Shares) ; column no 5 d : LTCG after threshold limit (1,00,000/-)------ Java utility के latest version में यह column inactive है, इसलिये net LTCG auto populate नहीं हो रहा है और gross LTCG ही reflect हो रहा है, यही gross figure (without deducting 1,00,000/-) Part B TI में भी reflect हो रहा है। क्या गलती कर रहा हूँ? (2) कृपया schedule 112 A, भरने पर भी मार्गदर्शन प्रदान करें। धन्यवाद।।
Sir i am a senior citizen 76 yr old , i am presribed medicines for blood pressure and blood suagar on regular basis and my wife also take vregulsr medicines on daily baiss , it involes expenituere vof rs4000 per month. Over vall expenses are above vrs 60000 per vyear. Can i claim Rebate for medical cexpenduture of crs 50000 per year vi have nomedical indurance policy for us . We are unable to keep any documentry evidence in bour support vexcept cash memos for vour medivines. .
अगर senior citizen के नाम से मेडिक्लेम पालिसी नही है तथा उनका नाम परिवार के दूसरे सदस्यो की मेडिक्लेम पालिसी में भी नही है तो सेक्शन 80D में छूट मिल सकती है
If i have to have documentry proof of my expenfiture or mere vlaim in return is enough if need proof will cash memos for payment shall be enough bor no documents crequired.
Hi sir, Recently I get form no 16 for Q3 and Q4 but I don't have Q1 and Q2 I don't have before form no 16 Then also I fill ITR form or not please carify on that.
Sir i am a senior citizen 76 yr for claiming medical expenditure shall i need any documentry proof or simply claiming is enough as i spend cappx rs v6000 bper month on my medicines , i have bonly cash memos of psyment of purchase of medicined, I do not vhsve dny medical indurance cover for me
Pls solve this query... When someone is minor and receives gold chain from his father and when he becomes adult and he sells out that gold chain for some amount. So tell me what is the income tax law on this? Is there any tax liability or not? Because it is not income.
I am salaried person ..salary is 120000 a year and made 96000 loss in commodity online trading and also earned some money 47000 from providing mcx tips...Pls tell me which ITR form to select...ITR 3 OR 4? Do I have to maintain books of accounts?
Sir I sale my land at Rs 2,25,000 on fy 18-19 which was transferred to me by my parents for fy 14-15 at value Rs 2,25,000 Stam value is same Whether capital gains or loss? If no profit and no loss I need to show on ITR or not? Plz reply me sir very urgent
Uttar Pradesh Loktantra Senani Samman Vidheyak 2016 (The Uttar Pradesh Fighters of Democracy Honour Act 2016) U.P. Act no.9 of 2016 , Loktrant Sainani, who fought actively to protect the democracy during Emergency period and who were detained in the jail under MISA/ DIR , U.P.Government is paying Rs. 20000/- per month as an Honourium Amount to them. Now question is this, Does this payment come under orbit of income ? Is it taxable or exempted ?
Sir, mai ek salaried person hoon, aur ek part time job bhi karta hoon, part time job se mujhe jo salary milta hai (cash main) usko itr 1 mai other sources column per add kiya, isse kya itr defective hoga? Please rply
I am Pensioner. Besides pension, I have got Savings interest, FD interest plus annual income of Rs.45,000/- in the form of interest from IRFC (2012) Tax free, secured, redeemable, non-convertible bonds of face value of Rs.1000/- in the nature of debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act 1961. My gross total income does not exceed Rs.11,00,000/-. Kindly let me know which ITR Form I should use and where I should show Rs. 45,000/- in that Form. Whether tax has to be paid for Rs.45,000/- also.
Sir, Mera NPS 65000 kata h, kya 80ccd(1b) me 50000 aur80ccd(1) me 15000 dikha sakte h kyoki lic+ppf130000 h, ya fir nps ko keval kisi ek me hi65000 manege
सर मुझे दो महीने बाद एक फलैट खरीदना है जिसकी कीमत 34 लाख है यह मै बैक लोन से खरीदना है क्या इसके लिए मुझे इनकम टैक्स विभाग को सूचना देनी होगी और क्या इसकी कोई भुगतान भी करना पडेगा,
Sir, your videos are great. If a person has LTCG/STCG of Rs 2 lakh (after exemption of one lakh on LTCG and benefit of grandfathering clause)and has no other income, is he liable to pay LTCG/STCG tax? Will he get benefit of exemption limit of Rs 2.50 lakh? Instead of 2 lakh, if the LTCG/STCG is Rs 3 lakh, will the person get benefit of rebate under section 87A? Instead of 2 lakh, if the LTCG/STCG is Rs 6 lakh, will the person get benefit under Section 80C, if he invested Rs 1.50 lakh in ELSS scheme before 31.3.19? The person has to show profit from sale of listed equity shares (holding period less than one year) as STCG (and not as business income) because he did so in previous year.
मेरा रिश्तेदार फ्रास की कम्पनी को इन लाइन सेवा कम्प्यूटर के संबंध में प्रदान कर रहा है। कम्पनी सेवा शुल्क की राशि उ, मेरा भतीजा फ्रास की कम्पनी को onlineसेवा प्रदान कर रहा है, कम्प्यूटर कार्य के संबंध में। कम्पनी उसका सेवा शुल्क उसके बचच खाते में ट्रांसफर कर भेजना चाहती है।क्या इस आय के बारे में आयकर विभाग कोई अन्य जानकारी मांग सकता है। इस तरह की आय पर मुझे किस रेट से आयकर देना होगा। इस आय को itr2के किस scheduleमे दिखाना होगा
श्रीमान जी नमस्कार, माननीय मैं हरियाणा सरकार का एक सेवानिवृत्त पैन्शर हूं मेरी वर्ष 2018-2019 की कुल पैन्शन 2,48,737रु0 है उचच न्यायलय के आदेशानुसार मुझे पदोन्नतियां मिली और वर्ष 1982 से लेकर जून 2005 तक का एरियर कुल रकम 447,339/- रुपए भी मिल चुके हैं मैं रिटायर होने से पहले सभी ITRETURN भरता रहा परन्तु उनका अब मेरे पास कोई रिकॉर्ड नहीं है। मुझे अब IT Return कैसे भरनी होगी किससे मदद लें सकता हूं।राम दें। क्या करूं।
केरल के बाढ़ पीड़ितों के मदद हेतु जिन कर्मचारियो के सेलरी से 500 या 1000 ₹ वेतन से काटकर डोनेट किया गया था ITR-1 फाईल करते समय किस section मे क्लेम कर लाभ उठाए . कृपया मार्ग दर्शन करें 🙏
मेरी बेटी NRI है वह अपना भारत में स्थित घर बेचना चाहती है। उसको क्या टैक्स लगेगा। कितना TDS कटेगा। अगर वह मेरी पत्नी को जो कि Housewife है कोई दूसरी Income नहीं है , को gift करती है, और मेरी पत्नी उसको sale करती है तो उसको क्या टैकस लगेगा। क्या उसका भी TDS कटेगा ???
1. घर बेचने पर 20 या 30% की दर से NRI का टैक्स कटता है। TDS रेट Period of Holding पर निर्भर करती है 2. आपकी बेटी आपकी पत्नी को गिफ्ट कर सकती है। उसमें कोई समस्या नही है 3. आपकी पत्नी जब घर को बेचेगी उस समय कैपिटल गेन्स टैक्स लगेगा
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption Please reply where I can claim
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption Please reply where I can claim
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption Please reply where I can claim
Hallo sir.Ihave been seeing many videos of different C.A. on Tax subject. But no one has made vedios on questions. made by viewers. You are really great. Thank you for making such videos so that clarity is obtained on so many questions. I don't have words to appreciate you.
Thnak you very much for kind words
Sir, I want to know about eligibility of std deduction . I was semi govt employee . We had facility of cpf and no pension except eps95, I get pension on PMVVY scheme. Does this pension qualify for std deduction of 50,000 u/s 16?
It seems there is no clarity and there are different views. Please ask to the scheme manager.
Tax Pundit sir ,scheme is being run by GOI through LIC and it says ask Tax experts or Income tax department / CBDT . Who can answer this. ? You are right person and after clarifying this from IT dept please I reply. IT department don’t respond to us. It seems you are also shirking/ skipping to reply . If u are using Utube for benefit of gen public , u should take initiative
Pension like LIC Annuity is not entitled for Standard Deduction. If we extend this logic to PMVVY then standard deduction is not available. However, there is ambiguity on the point so take a call accordingly.
No reply received. Pl reply quoting relative clarification etc before 25/8/19, before we file IT return
Sir land purchase kartai time jo cheque Bainamai mai show kiye thai wo bank nai reject kar deai h,, kya ab Saller ko dobara new cheque dai saktai h,, koi problem too nhe hogi income tax walo sai,,
Sir, aapka prashn samajh me nahi aaya. Bainamai kya hota hai?
@@TaxPundit Sir Bainama Matlab Sale Deed
Dear sir,
I am a pensioner. My pension details & FD interest figures r correctly shown in AS26. But in form 16 given by the bank the Q2 pension figures are fully missing therefore total pension shown in form 16 is less than that is shown in AS26. I have filed itr with correct figures as per AS 26 and my passbook . How will this mismatch between AS26 and Form16 affect. I approached bank for rectification of Form16, they say they have taken up but it will take long time to get corected form 16. What should I do.
Regards
If your return is matching with Foem 26AS the chances of any query from IT Department is less.
@@TaxPundit Thanks a lot Sir. Obliged I am.
Sir please clarify the tax liability of interst earned
but not paid by credit coop.
society in the f. y. 18- 19
on time deposits with them.Maturity amount has
also not being paid due to
seizure of all actts.by govt.
notification. Even intt. certificates are not being
issued due to this problem.
The society has never deducted tds on intt .in the
past but always issued certificate on intt. paid.
The problem is since Dec. 18.
should I pay tax on this intt.
by self calculating it so as
to prevent any future inquiry
from I T dept.
Pls check Form 26AS
HRA exemption ke liye employer Ko house rent ki receipt Dena jaruri hai?
Kiya house owner HRA KA EXEMPTION LE SAKTA HAI SIR PL ADVICE
Watch this video : th-cam.com/video/WVR2S2xXcGk/w-d-xo.html
An Assessee who is senior citizen and incurr dental expenses ( Dato ka operation and naye dat lagwaye) kya kisi section me dental expenses ja deduction claim kar sakte he?
If yes then what should be mode of payment?
अगर उनके नाम से मेडिक्लेम पालिसी नही है तथा उनका नाम परिवार के दूसरे सदस्यो की मेडिक्लेम पालिसी में भी नही है तो सेक्शन 80D में छूट मिल सकती है।
@@TaxPundit Thank You sir for prompt reply.
Sir, one more question ….
I purchased a car whose value is more then 10 lakhs and the same amount is reflecting in form 26AS under part B- details of tax collected at source , in this line system is asking for the Amount like " TCS Credit out of Column(5) claimed this year ...what im suppose to do in this..please help me out ...thanks
You can claim TCS credit in the ITR
@@TaxPundit thanks a lot sir ,
Sir in my case the amount shown in " Total Tax Collected " = 10006.00/- ..how much of this amount I can claim this year--19-20(AS ) ..where as I am filing a ITR for the year 18-19..please help me out ...regards
Sir mene A/Y 2017-2018 ki rerurn file ki thi magar ush me meme TDS ko galat fill kar diya tha jiske karan mera tds disallow kar diya gaya hai ish ke liye me ab kya kar shkta hu .sir plase realy
You can rectify the return online.
I am a senior citizen doing intraday trading. Filing itr3 for the first time. What is the answer for the question nature of business? I don't see any thing related to share trading
Sir I have filed mu ITR of 2014-15 and have not clsimed TDS deducted and processed . Can i now file rectificaton under secttion/154 and claim TDS deducted
Which ITR is required for claiming salary earned from overseas as NRI and which part of said return
There is no separate ITR for NRI's. It depends upon what type of income you have. Watch this video : th-cam.com/video/UIVoWpj-1nI/w-d-xo.html
My income is from salary as NRE
Sir, after retirement from government job, I have received tax free income like gratuity, commuted pension, provident fund, leave encashment & payment of Central government employees insurance scheme. Where shall I show tax free income in ITR 1 for AY 2019-20. Since in this year rule has changed for showing tax free income. Should I add all tax free income in salary head first than only I can show tax free income by selecting drop down menu. Pl. guide in this matter.
Show them in exempt income
Sir, I am a PSU employee and covered under NPS. My GTI is 7L including 10 pc contribution from employer (60k). My ppf contribution (80c) for fy 18-19 is 1.5 L. Can I take debate under 80c 1.5 L, 80 ccd2-60k and CCD1B 50k. My form 16 doesn't shows 80ccd1b but my self contribution is 60k. Plz early reply. Thanks
Sir,
I have filled ITR 1 and successfully submitted. But in Refund credited on account column by mistake I have selected (tick) two banks. Therefore I want to know that how it can process for refund. Any rectification needed. Please help
No rectification needed. It should come to the first bank in list i.e. primary bank account.
Sir mai pahle bar income tax file karunga 2 lakh ka is sal aur Maine pahli bar hi is mutual fund me 9 lakh tak ka invest kiya hu to plz bataye isme mujhe kuchh income tax department se notice aa sakta hai kya
Investment se hui income ko ITR me declare karna jaroori hai.
Tax Pundit thanks sir aap bahut achhe
Per investment se incom is sal hoga to use next year itr me fil kar sakte hai na plz reply sir dhanyawad pranam
my son and my daughter bought a flate. they are showing the.rent taken in their return. but they are geting the rent sentby the tenant credited in my a/c. in fy 17-18 I also shown the interest income in my return ay 18-19 pl adwise how it can be taken back by me
pl advise. thanks. sudeshsethi918@gmail.com
Sir
I got some shares from my father's after his dath 4 years back. But I don't have purchase Price. I sold shares in December 2018. Please guide me for moving property tax and value of purchase price.
Contact the company and find out date of transfer in your father's name. If you get the date you can then investigate to find market value on that date.
If this is not possible you can take cost of acquisition as Zero and offer full sale consideration as Capitsl Gains.
1.Share is moving property.. Not like home. Even find old purchase price? I think moving property and fix property like home ,land section different.
Sir me itr3 bhar raha hu Mera net proffit 5% he to muje audit karvana hoga please help
Sir, Audit net profit par nahi balki turnover pe depend karta hai.
@@TaxPundit sir turnover 9850000 he
@@valaketan1213 The limit of Tax Audit u/s 44AB is Rs. 1 Cr. for Business in FY 2018-19 / AY 2019-20.
@@TaxPundit thx❤️
Sir, Your videos are always nice and helpful... I have one question to ask. What is the income tax rule if someone finds a bag full of cash worth rs. 1,00,000 for instance and his total taxable income is below basic exemption limit? and if possible, make a video on this matter pls.
This is not your income Sir. You have to inform authorities.
Which ITR is required for NRE
ITR depends of type of income you have. Watch this : th-cam.com/video/UIVoWpj-1nI/w-d-xo.html
Future and options me turnover Kaise calculation karte hai Kya income tax ke section 44AD ke according turnover ka 6 percent se kam profit hone par audit karvana hoga please clear sir and make video on this topic
Recently I joined the company and previously one I don't have the form no 16 so can file ITR . There is no tax deduction for Q3 and Q4 .
Yes, you can
Sir, I purchased a LIC Policy in the name of my Grand daughter. I am proposer of Policy and I am depositing premium . I am senior citizen and pensioner. May I take amount of premium amount under 80C for rebate. Please reply.
No
lic akshay vi se har sale 25000 milte hai that is income from other sources. description me kya likhe ge
Nature of Income is to be mentioned in description
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption
Please reply where I can claim
Please reply sir for this query
There are multiple comments. We have answered one of them.
Sir, I am a central govt employee . I would like to know where to put the CGHS amount deducted by the government which is around 7800/- in RTI-1 under section 80D CGHS. In RTI-1 the same 80D CGHS column is not available ..please help me 0ut. thanks a lot.
Section 80D is there in the Form
@@TaxPundit Sir , there are many sections under this 80D head. this is the only confusion as I didn't find any thing like 80D CGHS column where I can enter the value of CGHS deducted by the Government ...can u please let me the head in which I can enter the value.? thanks
Show less
In continuation i may pl be infomed , i purcase medicines
In vretail, max i can have cash memos for amount bpaid by me. If simple claiming is enough on my side or bi need to preserve documentry evidence in my records and if cash memomos for medivined are enough. Or i dont need any documrntry proof.
Respected Sir,
एक query का निवेदन है, कृपया मार्गदर्शन प्रदान करें-
Itr - 3, schedule CG & schedule 112A.
(1) schedule CG, Part B, item no 5 (LTCG on sale of Shares) ; column no 5 d : LTCG after threshold limit (1,00,000/-)------ Java utility के latest version में यह column inactive है, इसलिये net LTCG auto populate नहीं हो रहा है और gross LTCG ही reflect हो रहा है, यही gross figure (without deducting 1,00,000/-) Part B TI में भी reflect हो रहा है। क्या गलती कर रहा हूँ?
(2) कृपया schedule 112 A, भरने पर भी मार्गदर्शन प्रदान करें।
धन्यवाद।।
Utility/Form ko fir se install kijiye. Shayad sahi ho jaye.
@@TaxPundit no sir, the version has changed & the new schedule 112 A introduced in new version.
Sir i am a senior citizen 76 yr old , i am presribed medicines for blood pressure and blood suagar on regular basis and my wife also take vregulsr medicines on daily baiss , it involes expenituere vof rs4000 per month. Over vall expenses are above vrs 60000 per vyear. Can i claim
Rebate for medical cexpenduture of crs 50000 per year vi have nomedical indurance policy for us . We are unable to keep any documentry evidence in bour support vexcept cash memos for vour medivines. .
अगर senior citizen के नाम से मेडिक्लेम पालिसी नही है तथा उनका नाम परिवार के दूसरे सदस्यो की मेडिक्लेम पालिसी में भी नही है तो सेक्शन 80D में छूट मिल सकती है
If i have to have documentry proof of my expenfiture or mere vlaim in return is enough if need proof will cash memos for payment shall be enough bor no documents crequired.
I am surendra kumar guota 76 vyrs retd u. P govt husbsbd of smt asha gupta.
Hi sir,
Recently I get form no 16 for Q3 and Q4 but I don't have Q1 and Q2 I don't have before form no 16 Then also I fill ITR form or not please carify on that.
Form 16 is for whole year. Pls check with your employer.
Sir I have a question regarding exemption of hills area allowance
Sir i am a senior citizen 76 yr for claiming medical expenditure shall i need any documentry proof or simply claiming is enough as i spend cappx rs v6000 bper month on my medicines , i have bonly cash memos of psyment of purchase of medicined,
I do not vhsve dny medical indurance cover for me
You can claim but keep cash memos handy
Pls solve this query... When someone is minor and receives gold chain from his father and when he becomes adult and he sells out that gold chain for some amount. So tell me what is the income tax law on this? Is there any tax liability or not? Because it is not income.
Jewellery is treated as Capital Asset and thus liable for capital gains tax. Hope it helps.
@@TaxPundit THANKS. Could you please the other query.
Sir, is Gift receive an income?
and if not then why there is a tax on its selling price?
Yes. It is an Income but there are certain gifts which are exempted.
sir muje 2016-19 ltc mili h..par mere pass ltc ke use ka koi record nahi h..kya m ltc ka tax benifit le sakta hu.?
To avail of the tax break, the employee has to furnish documentary evidence of the travel to the employer.
I am salaried person ..salary is 120000 a year and made 96000 loss in commodity online trading and also earned some money 47000 from providing mcx tips...Pls tell me which ITR form to select...ITR 3 OR 4? Do I have to maintain books of accounts?
Ration money is taxable income? which is given to armed forces
Sir 16 form main pan card no &pan card no main alfabet ka difference hai to kese ITR bhanru
Pan card ko aap modify karva sakte hai.
Form 16 employer dwara issue kiya jata hai. Unse request kijiye.
Sir I sale my land at Rs 2,25,000 on fy 18-19 which was transferred to me by my parents for fy 14-15 at value Rs 2,25,000
Stam value is same
Whether capital gains or loss?
If no profit and no loss I need to show on ITR or not?
Plz reply me sir very urgent
Sir, you mean to say purchase value and sale value same even after 4 years? Pls check once again and formulate your question accordingly.
@@TaxPundit yes sir purchase value and sale value are same even after 4 years as per municipal valuation
Uttar Pradesh Loktantra Senani Samman Vidheyak 2016 (The Uttar Pradesh Fighters of Democracy Honour Act 2016) U.P. Act no.9 of 2016 ,
Loktrant Sainani, who fought actively to protect the democracy during Emergency period and who were detained in the jail under MISA/ DIR , U.P.Government is paying Rs. 20000/- per month as an Honourium Amount to them.
Now question is this, Does this payment come under orbit of income ? Is it taxable or exempted ?
Sir, mai ek salaried person hoon, aur ek part time job bhi karta hoon, part time job se mujhe jo salary milta hai (cash main) usko itr 1 mai other sources column per add kiya, isse kya itr defective hoga? Please rply
You should show it under the head Salary
@@TaxPundit sir, defective toh nehi hoga na?
I am Pensioner. Besides pension, I have got Savings interest, FD interest plus annual income of Rs.45,000/- in the form of interest from IRFC (2012) Tax free, secured, redeemable, non-convertible bonds of face value of Rs.1000/- in the nature of debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act 1961. My gross total income does not exceed Rs.11,00,000/-. Kindly let me know which ITR Form I should use and where I should show Rs. 45,000/- in that Form. Whether tax has to be paid for Rs.45,000/- also.
Sir, Mera NPS 65000 kata h, kya 80ccd(1b) me 50000 aur80ccd(1) me 15000 dikha sakte h kyoki lic+ppf130000 h, ya fir nps ko keval kisi ek me hi65000 manege
सर मुझे दो महीने बाद एक फलैट खरीदना है जिसकी कीमत 34 लाख है यह मै बैक लोन से खरीदना है क्या इसके लिए मुझे इनकम टैक्स विभाग को सूचना देनी होगी और क्या इसकी कोई भुगतान भी करना पडेगा,
आपको कोई सूचना नही देनी है।
Sir, your videos are great. If a person has LTCG/STCG of Rs 2 lakh (after exemption of one lakh on LTCG and benefit of grandfathering clause)and has no other income, is he liable to pay LTCG/STCG tax? Will he get benefit of exemption limit of Rs 2.50 lakh? Instead of 2 lakh, if the LTCG/STCG is Rs 3 lakh, will the person get benefit of rebate under section 87A? Instead of 2 lakh, if the LTCG/STCG is Rs 6 lakh, will the person get benefit under Section 80C, if he invested Rs 1.50 lakh in ELSS scheme before 31.3.19? The person has to show profit from sale of listed equity shares (holding period less than one year) as STCG (and not as business income) because he did so in previous year.
Basic exemption is for everyone
मेरा रिश्तेदार फ्रास की कम्पनी को इन लाइन सेवा कम्प्यूटर के संबंध में प्रदान कर रहा है। कम्पनी सेवा शुल्क की राशि उ,
मेरा भतीजा फ्रास
की कम्पनी को onlineसेवा प्रदान कर रहा है, कम्प्यूटर कार्य के संबंध में। कम्पनी उसका सेवा शुल्क उसके
बचच खाते में ट्रांसफर कर भेजना चाहती है।क्या इस आय के बारे में आयकर विभाग कोई अन्य जानकारी मांग सकता है। इस तरह की आय पर मुझे किस रेट से आयकर देना होगा। इस आय को itr2के किस scheduleमे दिखाना होगा
Professional income hogi tatha regular rate se tax dena hoga.
Sir
I am NRI I want to how much money I can give to my wife in one year and that money she can invest in market?
Gift from husband to wife is allowed. There is no restriction on investment in market.
@@TaxPundit is there any limit?
श्रीमान जी नमस्कार, माननीय मैं हरियाणा सरकार का एक सेवानिवृत्त पैन्शर हूं मेरी वर्ष 2018-2019 की कुल पैन्शन 2,48,737रु0 है उचच न्यायलय के आदेशानुसार मुझे पदोन्नतियां मिली और वर्ष 1982 से लेकर जून 2005 तक का एरियर कुल रकम 447,339/- रुपए भी मिल चुके हैं मैं रिटायर होने से पहले सभी ITRETURN भरता रहा परन्तु उनका अब मेरे पास कोई रिकॉर्ड नहीं है। मुझे अब IT Return कैसे भरनी होगी किससे मदद लें सकता हूं।राम दें। क्या करूं।
आप फिर से शुरू कर सकते है। ऑनलाइन रिटर्न भरना इस साल से शुरू कर दीजिए।
केरल के बाढ़ पीड़ितों के मदद हेतु जिन कर्मचारियो के सेलरी से 500 या 1000 ₹ वेतन से काटकर डोनेट किया गया था ITR-1 फाईल करते समय किस section मे क्लेम कर लाभ उठाए .
कृपया मार्ग दर्शन करें 🙏
80G
sir मै अपना itr खुद online file करता हूँ
80G ka pox ब्लॉक है तो कैसे भरें
sir pls rpl
Thank you sir
Welcome
VADODARA GUJARAT SE
मेरी बेटी NRI है वह अपना भारत में स्थित घर बेचना चाहती है। उसको क्या टैक्स लगेगा। कितना TDS कटेगा।
अगर वह मेरी पत्नी को जो कि Housewife है कोई दूसरी Income नहीं है , को gift करती है, और मेरी पत्नी उसको sale करती है तो उसको क्या टैकस लगेगा। क्या उसका भी TDS कटेगा ???
1. घर बेचने पर 20 या 30% की दर से NRI का टैक्स कटता है। TDS रेट Period of Holding पर निर्भर करती है
2. आपकी बेटी आपकी पत्नी को गिफ्ट कर सकती है। उसमें कोई समस्या नही है
3. आपकी पत्नी जब घर को बेचेगी उस समय कैपिटल गेन्स टैक्स लगेगा
मेरे पिताजी की उम्र 90 वर्ष दवा खरीद रु 41000 हुई हैं इस साल मुझे इन्कम मे छुट मिल सकती हैं मै सरकारी नोकर हु
अगर उनके नाम से मेडिक्लेम पालिसी नही है तथा उनका नाम परिवार के दूसरे सदस्यो की मेडिक्लेम पालिसी में भी नही है तो सेक्शन 80D में छूट मिल सकती है।
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption
Please reply where I can claim
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption
Please reply where I can claim
I have gone through ITR 2 for salary as NRE but I couldn’t find which part of the return is allowed my foreign salary which was earned in foreign as rebate/exemption
Please reply where I can claim
Sir, there is a separate column for exempted income in ITR