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Akhilesh Kumar

Category : Section ..,
Solved
November 21, 2018 5:04 pm
  • Section 119(2)(b) Delayed filing
Sir, my mother is a family pensioner . We did not have knowledge about ITR and that return needs to be filed on account of which we didn't file returns for FY 2015 16 and 2016 17 . In these years we have TDS which is refundable. Please let me know detailed process for filing of tax returns for claim...
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Amlan Dutta
Firstly my condolences on the demise of your father. Note, time barred returns unfortunately cannot be filed after belated period for filing (as permitted under section 139(4) gets over

Only in cases where non filing of return in any previous year was due to any hardship/genuine concern, then appli...
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  • November 21, 2018
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Santanu

Category : 80CCD(1B..,
Solved
November 20, 2018 7:48 pm
  • 80CCD(1B) - Employee contribution NPS.
Sir, I am a railway employee . I fulfill my 80c quota of 1,50,000 savings but railway not giving me extra benefit of 80CCD(1B) in form 16 .
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Amlan Dutta
I believe that you are referring to your contribution made towards National pension Scheme .....You would like to check once whether you had made it clear during savings declaration to consider your contribution towards 80 CCD(1B) and hence by default employer has considered for 80 C deduction.

I...
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  • November 20, 2018
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Sunil Sahoo

Category : 80 C Ded..,
Solved
November 20, 2018 12:03 pm
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
For FY 2018 19, I paid LIC policy annual premium on 12th April 2019 i.e after 31st March 2019 ...can i claim benefit of 80 C for such policy premium payment for FY 2018 19 return (AY 2019 20)
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Amlan Dutta
The benefit of policy payment can be only taken in the year in which the payment has been done ...in this case, since you have made the payment in FY 2019 20, you will only be able to claim the tax benefit in FY 2019 20 ...note, the premium AGAIN due for FY 2019 20 which you are required to pay in F...
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  • November 20, 2018
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Sunil Sahoo

Category : 80 C Ded..,
Solved
November 17, 2018 12:46 pm
  • 80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
I have paid LIC premium of 12390 Rs 10,250 is the policy price and GST paid was GST (CGST 945 ) , SGST (945), so total of 12390 Rs ...can i claim benefit of 12390 Rs under 80 C .....
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Amlan Dutta
Good question, many believe that only Premium Paid towards Life Insurance Policies qualifies for deduction under section 80C of Income Tax Act, 1961.

As per Section 80C(2) of the Income Tax Act, 1961 any amount paid to an insurer to buy or to keep a life insurance policy in force can be claimed as ...
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  • November 17, 2018
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