Income Tax Portal Issues | Rebate u/s 87A |
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- เผยแพร่เมื่อ 24 ส.ค. 2024
- #NikunjGoenka #taxmentor
Income Tax Portal Issues | Rebate u/s 87A | @incometaxindiaofficial | URGENT | CA Nikunj Goenka
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#rebateu/s87A #rebate87A #INCOMETAXREBATE
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Sir you are right. In new regime for 111A income, rebate under 87A is not being given whereas in old regime it is available. The utility of new regime is defective.
Sir, why tax rebate under section 87 A is denied to income from longterm capital gains under section 112A. In my case, though I have normal income of Rs.2,50, 000 after deductions in old tax regime and just because I have LTCG in excess of one lakh, I have to pay tax. There should not be discrimination. Even if there is long term capital gain, rebate under 87 A shall be given. If the total taxable income is below 5 lakhs in old regime (Rs.7 lakhs in new regime), Tax rebate upto Rs. 12500/25000, as the case may be, shall be given even if there are long term capital gains under section 112 A. There should not be any discrimination among incomes. One type of income is given rebate, and another type of income is denied the rebate. This is sheer discrimination.
It is interpretation of the department in amended provision of section 87a.Ifbyou want to contest you have to file writ petition before high court on question of law inrespect of section 87a of it act 1961.
If your normal tax rate income is below 3lk than your tax liability will be zero whatever will be your special rate income....ex. normal tax rate income 290000 special tax rate income 25 lk ... effective tax 0..... if your normal tax rate income is between 3-7 lakh you will get 25k subsidy under 87a whatever your special income like income at normal rate 690000 and special income 25 lk you get rebate of 24000 in tax.
..if your normal rate income is above 7 lakh you will not get any subsidy....I think if they try to apply such logic
Compensation for delay of property, hardship faced by buyer what tax is applicable
सर 3 दिन इंट्राडे ट्रेडिंग की थी जिससे 554 प्रॉफिट हुआ।
LTCG प्रॉफिट
192000
शॉर्ट टर्म प्रॉफिट 70000
एक बिटकॉइन बेचा था जिससे 314 प्रॉफिट हुआ
कुल प्रॉफिट 278000 हुआ है।
लेकिन सर इसमें 98 रुपए का टैक्स बन रहा है इसका क्या कारण है ।
जब की टोटल exampt लिमिट 3 लख रुपए है
और क्या इसके लिए ITR 3 फाइल करनी होगी
I sold my longterm holding on 31 March 2023(Friday). So those gains should be considered as LTCG for FY2022-23. But AIS of FY2023-24 is showing that the date of those particular transactions is 3 Aplil 2023 (Monday) i.e. next trading day and those transactions are being shown in AIS of FY2023-24 instead of AIS of FY2022-23. Should I give Feedback as "Those Transactions Belong to Previous Financial Year"?
Update milne par vedio banana Sir
Thank for knowledgeable video.....😊
Can one file a revised return of income once you have received intimation u/s 143(1) and there is a tax demand? Please enlighten and oblige.
Humne tax ka amount payment kar diya hai . Fir bhi income tax portal me log in karne ke baad ' file now' aur 'resume' ka option ahow ho raha hai. Aur 'pay now' bhi show ho raha hai. 2 din se yehi status hai. Payment successful hone ke baad bhi Na koi email aaya , na koi message!
Tax paid ka challan download karke rakhiye and check your bank statement money deducted or not.
@@ashishbansal3669 challan download krake rakha hai aur bank account se amount bhi duduct hua hai.. abhi wait karu ki koi action lu email ke zariye?
After tax payment you have to enter that details in ITR filing( challan number/BSR code/dt of payment)
Then submit ITR and everify..
@@pravinsanghavi8586 kahase ye process complete karu? I mean log in karne ke baad kahape wo saari details enter karu? Please help.
@@anuraagprasad4567
Jo ITR fill Kari hai aapne usi me ye option hota hai fill karne ka.
Tax payment karne k baad uski details fill karni parti hain itr mein.
Thanks a lot for your guidance.
Sir, probe your memory. After 87A threshold expiry, the normal slab rate above 5.0 lakh was 20%. Slab rate above 10 lakh was 30%. But, Spl rate for equity LTCG was 0% or 10%. Spl rate for equity STCG was 15%. Note that the spl rates, in view of very high risk, were always LOWER than slab rates. Now trickery starts. In new regime, slab rate upto 12 lakh is 5%, 10%, 15%. Equity LTCG and STCG rates have not been reduced proportionately in new regime to keep them lower. Thus, the LTCG and STCG rates are rendered NOT LOWER than slab rates. The high risk evaporates. Equity is like a shopkeeper commodity. Equity investors, who are special voters, notice the trickery. Income is gained from salary, interest, and equity LTCG, STCG. New Tax threshold is 7.0 lakh. You do not tax below 7.0 lakh interest or salary income but levy tax on below 7.0 lakh equity CG income, this is discrimination, not permitted under Constitution. Those who violate, are reneging on their Constitutional oath. You have power to make only those rules, which are compliant with Constitution.
Kehna kya chahte ho bhai
@@enthuneverdiesyahi ki yadi koi person new regime mai 7lakh se kam earn karta hai to bhi usko tax dena padega LTCG/STCG par and yahi nahi new regime mai although rate 5% hai 3-6 lakh walo ki but yadi LTCG/STCG hua to 12.5% or 20% dena hoga
26AS for FY 2007-08 is available? If yes, how to get it.
4:15 , 4:18 old regime mein spl income pe rebate milega?
is income from share market is free upto 7 lakhs as per new tax regime
Date must extend
Sair pahle se jo log file kar chuka hai uska kya hoga fir?
whats the conclusion now ?
Dream11 per ab tax back Nahin hoga
13:48 kuch na kuch to gadbad hai daya
t have filed my ITR2 in new regime can I review my ITR in old regime as my most income is from capital gain from share market
87 rebate gaya re baba..ajkal nahin milta
Sir itr4 me turnover taxable value ko show karte hai kya
Fd interest income is shown under - other sources of income??
Yes
Sir pl help in this case
Salary Income 650000/-
LTCG 250000/-
Interest 28000/-
Total Income 92800/-
Std deduction 50000/-
Net Total Income 878000/-
As per Income Tax portal Total Tax Approx 34000/-
Rebate us 87A 18000( on other than LTCG Tax)
Net Payable Tax Rs 16000/-Aprrox.
But while checking with winman there is no rebate available and total Tax is payable of Rs 34000/-
What should I do ?
Go with Income Tax Portal or winman ?
Pl suggest any solution?
TH-cam pe bahut video dekhi isliye upar wala copy paset kiye hai...
Leking Sir aapne jo law me likha hai wo bataya tab mujhe aisa lag raha hai ki income Tax ki jo warding use ki hai usi hisab se ye update aaya hai or 87A ka rebate calculate hoga sirf normal tax slab tax se?
Stcg ltcg jobhi banega wo aapko dena hi padega.
Sir aapko kya lagata pl share
16000 is correct
Thanks u sir 😊😊😊
can we claim 87a rebate in old regime for crypto capital gains
Cannot any more😢
Namaskar Sir
If form16 is in New Tax resume, can an employee file itr1 in old tax resume showing deduction 80ccd(1B) & 80c under education fee. Kindly advice 🙏
Yes you can file
Sir you are right. In new regime for 111A income, rebate under 87A is not being given whereas in old regime it is available. The utility of new regime is defective.
Sir you are right. In new regime for 111A income, rebate under 87A is not being given whereas in old regime it is available. The utility of new regime is defective.
Sir you are right. In new regime for 111A income, rebate under 87A is not being given whereas in old regime it is available. The utility of new regime is defective.