I have a post office RD account for Rs 20000 pm, since 2021 and also a NSC for Rs 60000 purchased in 2021. I have not reflected this in the last three ITRs. Please advise action on my part.
In NSC it is confusing to calculate when investment is made in mid FY on a random date, suppose we have invested Rs100000 on 28th July 2021 then 1st year nsc Rs6800 is actually from 28th July 2021 to 28th July 2022, so what is right way of declaring 1st yr 2nd yr 3rd yr 4th yr and 5th yr interest? 1) Should we declare full 1st yr nsc interest Rs6800 in ITR for FY22-23( is FY right?) Or 2) should we split 12mon int Rs6800 amount, so as to declare 8mon int(FY 21-22 28th July 2021 to 31st Mar 2022) and 4mon in next (FY22-23 1st APR 22 to 28th July 2022)? On other hand we say 1st yr 12mn NSC int is reinvested in 2nd Fyear and show this in 2nd Fyear- while filing ITR, whereas if we go by dates, it's only 8 mns int accrued falling under FY21-22, so are we supposed to declare 8mns interest income and deduction of the same amt in 80C and remaining 4mon & it's deduction int FY22-23? Pls clarify this confusion..of how it should be interpreted and declared. Pls carefully read my example as I have never declared yearly interest..it's imp to understand the above, that's why gave eg.. Pls see FYs. Kindly reply
It is to point ask as to whether amount of rs. 3500 in single and 7000 in joint account of saving bank interest is tax exemption under section 10(15)(I) is applicable or not in the income tax. Please clarify it.
Bahut khoob, vishvasniye aur tathyatmak.
Will tds be deducted if interest from fd in post office is above 40000 ?
Thank you for your valuable information..
Very nice information.tks a lot sir.
Whether interest earned accrual per year in kvp is to be taken in annual income tax returns or to be taken the year it is metured
Joint account hole 1st person na 2nd person ke tax pay korte hobe please janaben
Kuashal Sharma sir ager Mai army me hu to mai postoffice se ppf aur KVP yojna ka labh le sakta hu aur Rd,td,mis, bhi le sakta hu
ACCONT KAISE BANAYE SIR
I have a post office RD account for Rs 20000 pm, since 2021 and also a NSC for Rs 60000 purchased in 2021.
I have not reflected this in the last three ITRs. Please advise action on my part.
Hello, good video.
Could you please explain to me whether home loan prepayment is eligible for Section 80C tax benefits.
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@@nishagandhi3560 what?
Thank you sir
Kya NSC me gpf ke alava chhoot milti hai
YES SIR
HOW TO INVEST MONEY SIR
सरकारी किसी भी योजना मे निवेश नही करना चाहिए ।इससे वस्त्र विकल्प है सोना ,मकान और जमीन मे निवेश करना चाहिए ।
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ਇਨਕਮ ਟੈਕਸ ਦੀ ਕਿਹੜੀ ਕਿਹੜੀ ਧਾਰਾ ਅਧੀਨ --- medical reimbursement (15000/ ) & (LTC) is exempted.
In NSC it is confusing to calculate when investment is made in mid FY on a random date, suppose we have invested Rs100000 on 28th July 2021 then 1st year nsc Rs6800 is actually from 28th July 2021 to 28th July 2022, so what is right way of declaring 1st yr 2nd yr 3rd yr 4th yr and 5th yr interest?
1) Should we declare full 1st yr nsc interest Rs6800 in ITR for FY22-23( is FY right?)
Or 2) should we split 12mon int Rs6800 amount, so as to declare 8mon int(FY 21-22 28th July 2021 to 31st Mar 2022) and 4mon in next (FY22-23 1st APR 22 to 28th July 2022)?
On other hand we say 1st yr 12mn NSC int is reinvested in 2nd Fyear and show this in 2nd Fyear- while filing ITR, whereas if we go by dates, it's only 8 mns int accrued falling under FY21-22, so are we supposed to declare 8mns interest income and deduction of the same amt in 80C and remaining 4mon & it's deduction int FY22-23?
Pls clarify this confusion..of how it should be interpreted and declared.
Pls carefully read my example as I have never declared yearly interest..it's imp to understand the above, that's why gave eg.. Pls see FYs. Kindly reply
Old or new da kase pata kare
It is to point ask as to whether amount of rs. 3500 in single and 7000 in joint account of saving bank interest is tax exemption under section 10(15)(I) is applicable or not in the income tax. Please clarify it.
My. Old. Kvp.. બોન્ડ. Se.. લોંન. લિ... હમેં.. નહિ. જાનતે..... નહિ. પહચાનતે... Wo. કોંન. હૈ.....2014.... Se. લોંન... લિ... Hogi... ક્યાં... માઁલુમ..postofice. ઠાસરા... Di. ખેડા..... નડિયાદ... ઉમરેઠ.. ડાકોર. Road...
HA SIR
सर क्या सीनियर सिटीजन सेविंग स्किम मे जमा पैसो पर लोन मिल सकता है।
k9
Wrong info
THANK YOU SIR