Income tax
Income tax
If our 26AS statement is correct then we can make rectification against that for tax credit mismatch to income tax department
3 years ago
A. Hi,
Rectification of error in Form 26AS depends on the cause of the error. However, you can approach your employer/deductor to file a revised TDS return after making the necessary corrections.
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Ayantika Mondal @ Prime Legal
Income tax exemptions.
Dear Sir / Madam, I am working in a factory. and contributed Rs 1,50,000/- towards PF and VPF. Is it possible for me to get an additional benefit of Rs 50000/-. If I invest it in NPS tier 1 account, i
3 years ago
A. Hi,
We will need more details about your income slab, tax slab and other details in order to completely answer your question.
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Ayantika Mondal @ Prime Legal
Capital gain exemption on Property sale Section 54
I am currently living in a self-owned flat. I also booked new under construction flat in 2016 for which I am going to get possession in 2022. My plan is to sell existing property in 2022 and move to n
3 years ago
A. Hi,
1. As you will be taking possession of the property within a year of selling your current apartment, you will be entitled to the exemption.
2. The registration date will be considered.
Ayantika Mondal @ Prime Legal
Additional money deducted by employer for medical insurance
My employer has changed the medical insurance in the middle of the year. And has deducted additional money from my salary for the medical insurance. It is only mentioned as "Med Deduction" in my salar
3 years ago
A. Dear Clients
As per your submission it shows the company have deducted additional amounts towards medical insurance, is there any term specify that the employer may change the policy nature if not claim through a letter first then through legal notice
DIYAVARHUSSAIN SHAIK
HUF
I have created an HUF in 2019. I have an existing insurance policy since 2015. For the premium paid for the policy in 2020 September, can I claim income tax benefits under 80c for the HUF account for
3 years ago
A. Hi,
Yes, you can claim the benefits.
Ayantika Mondal @ Prime Legal
Relief us 54F and 24b of Income Tax
Sir, I wanted to know that I have sold a old Flat in Sept 2019 for Rs 26lacs which was purchased( in 2004). Re-invested Rs 28 lacs in new flat before IT filing for AY 20-21. I already hold another fla
3 years ago
A. Hello,
Please contact the concerned professional.
Ayantika Mondal @ Prime Legal
Income tax
I provide some contact to my friend and he did some business and make profit of around 1.50 lac. Now he want to give 50% profit share to me. How he shows this transaction in his business. As he is as
3 years ago
A. Contact to any CA.
Narvir Yadav
SFT
This pertains to SFT regarding buyback of shares by Adani ports for an amount of Rs 25000 reflected in Form 26 AS for AY 2021.Pl advice for appropriate action on following: a) action if any while pr
3 years ago
A. Hi,
The concerned professional could be contacted
Ayantika Mondal @ Prime Legal
ITR - Commuted Pension
I changed by job December 2019. I my previous company we had supperannuation scheme where 15% of our basic was submitted in the superannuation account with LIC. However since there is no superannuatio
3 years ago
A. Hello,
The concerned professional could be contacted
Ayantika Mondal @ Prime Legal
Question regarding PF tax filing
Hi, I have withdrawn my PF on September 2020, do i need to show it in the ITR for FY 19-20 or FY20-21?
3 years ago
A. Hi,
The concerned expert could be contacted.
Ayantika Mondal @ Prime Legal
