Categories
Normal Grid Pagination Scroll
Ankit shakya

Category : How to s..,
Solved
July 20, 2018 6:00 pm
  • How to show salary arrears in return
HelloSir,

566712 is gross arrear included
After breakup
I showed arrears with basic salary
and rest in non exempt
is this is wrong filing ?
I have done itr and e verified
What should I do...

Attachment is attached below
Plz help
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
It won't create any problem ...you can add arrears to either salary / Non exempt allowances...one thing to realize is that the chargeable income from salary remains same whether you put arrears under basic or non exempt allowances .....and that is why either approach is okay ...but preferable to sho...
View More
  • July 20, 2018
  • LikeLike
  • 1 person
  • Select as Answer
Kuldeep shankhwar

Category : How to c..,
Solved
July 20, 2018 2:58 pm
  • How to correct form 10 E
How to correct form 10 E . I have made some mistakes in form 10 E and now i want to file revised form 10 E again
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Yes, you can simply fill up form 10 E again and submit ...the figures filled up in latest form 10 E shall be considered ...you can claim arrears relief under 89 as per the latest form 10E uploaded on site...No need to get worried.. this is a normal issue and very easily rectifiable by simply submitt...
View More
  • July 20, 2018
  • LikeLike
  • 1 person
  • Select as Answer
ABHISHEK TYAGI

Category : 80CCD(2)..,
Solved
July 20, 2018 1:17 pm
  • 80CCD(2) - Employer contribution towards NPS
Dear sir,

In my form 16 (Part B), employer contribution is not shown as income nor shown as deduction u/s 80CCD(2).

But someone told me that the contribution made by the employer shall be added as income to the salary of employee and there after the employee can claim deduction for the said amount...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
Very nice question ......i dunno how much my answer shall satisfy you though......Employer contribution towards NPS is definitely a part of salary and enjoys eligible deduction under 80 CCD(2) ...Even if not shown exclusively in form 16 , it is actually a part of your salary included in gross...whe...
View More
  • July 20, 2018
  • LikeLike
  • 1 person
  • Select as Answer
R. R. Sharma

Category : 80GG Eli..,
Solved
July 20, 2018 12:26 pm
  • 80GG Eligibility
I am entitled for HRA @ Rs. 14000 per month W.E.F 1st July 2017 however my HRA has not been adjusted till date in my salary but I am paying house rent @ Rs.21000 per month W.E.F. 1st July 2017. How and under what section tax rebate for house rent to be claimed for full HRA entitled amount as while ...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
There are two things here ...You are claiming benefit of 80GG in absence of HRA ...so , clear one thing first that you don't receive any HRA even if you are entitled to ...because any receipt of HRA makes this 80GG deduction ineligible ...So, figure out 80GG eligibility first ...if you are eligibl...
View More
There are two things here ...You are claiming benefit of 80GG in absence of HRA ...so , clear one thing first that you don't receive any HRA even if you are entitled to ...because any receipt of HRA makes this 80GG deduction ineligible ...So, figure out 80GG eligibility first ...if you are eligible , then first submit 10 BA online giving self declaration that you qualify for 80GG deduction w.r.t to all points and lastly , under 80 GG , the deduction benefit is is the lowest of the following three amounts:<br /><br />(i)Rs. 5000 per month (Budget 2016 has increased the limit of rent from Rs. 2000 per month to Rs. 5000 per month)<br />(ii)25% of individual’s total income.<br />(iii)Rent paid in excess of 10% of individual’s total income (ie. Rent paid minus 10% of total income)...so, accordingly it qualifies to be 5000 x 12 = 60000 Rs in your case ....Until 10 BA is submitted online , the deduction benefit of 80GG shall be disallowed by the assessing officer...check attached pictures ....please select query category carefully next time to avoid question getting auto deleted ..(.all questions posted in general will get auto deleted after 7 hours ....) if you get HRA , then the treatment is totally different.
There are two things here ...You are claiming benefit of 80GG in absence of HRA ...so , clear one thing first that you don't receive any HRA even if you are entitled to ...because any receipt of HRA makes this 80GG deduction ineligible ...So, figure out 80GG eligibility first ...if you are eligible , then first submit 10 BA online giving self declaration that you qualify for 80GG deduction w.r.t to all points and lastly , under 80 GG , the deduction benefit is is the lowest of the following three amounts:<br /><br />(i)Rs. 5000 per month (Budget 2016 has increased the limit of rent from Rs. 2000 per month to Rs. 5000 per month)<br />(ii)25% of individual’s total income.<br />(iii)Rent paid in excess of 10% of individual’s total income (ie. Rent paid minus 10% of total income)...so, accordingly it qualifies to be 5000 x 12 = 60000 Rs in your case ....Until 10 BA is submitted online , the deduction benefit of 80GG shall be disallowed by the assessing officer...check attached pictures ....please select query category carefully next time to avoid question getting auto deleted ..(.all questions posted in general will get auto deleted after 7 hours ....) if you get HRA , then the treatment is totally different. +2
  • July 20, 2018
  • LikeLike
  • Select as Answer