Exemption to Gratuity under Section 10(10)(i) of the Income Tax Act
Exemption to Gratuity under Section 10(10)(i) of the Income Tax Act
I retired on superannuation in July, 2019. During the Financial year 2019-20, I received total salary of Rs.7,00,000/- for the period from April,19 to July,19. In August, 2019 while making the payment
3 years ago
A. Dear Sir,
You may approach concerned Forum or Tribunal or High Court.
Rate me Five Star *
Agriculture Land sale in cash
Dear Sir My father has sale his agriculture land in 2018 located in Satna district a rular area land.The buyer has paid 23 lakh through cheque and 53 lakh rupees in cash so for purchase a house my fat
3 years ago
A. Dear Sir,
Please contact local advocate or chartered accountant with all your records.
PAN Card lost
I have lost my PAN Card in 2018. I don’t have any sort of photocopy or I haven’t linked it to any of my bank accounts. I am unable to apply for reprint of my PAN Card as I don’t know my pan numb
3 years ago
A. Hi,
Please apply for a new pan card you can do so by going to the nearest police station and filing for an FIR for lost pan card so that no one else misuse it, you should then fill form 49A along with the copy of the FIR and other documents like address proof etc.
Income Tax exemption
My mother(79 yrs) has received arrears of Family Pension due to which gross income for FY 2019-20 has fallen in taxable slab. 1) Is relief under sec 89(1) applicable in this case? 2) Tax rebate on In
3 years ago
A. Please consult Chartered Accountant.
Mr
My mother(78 yrs) recently got arrears of family pension due to which gross income has fallen in taxable slab. Is relief under 89(1) admissible in this case? Is tax exemption admissible on the intere
3 years ago
A. Dear Client ,
1. Senior Citizens have less slabs as per income tax laws.
2. Usually banks is an issue in this regard it will automatically deductued if you have maximum amount in bank by saying it is deducted as per the Tax. Eg. If you have 10 lakhs and above the Bank softwares will automatically send your information to the TAX authoritites by your PAN Card references.
3. You can tell this issue to the bank as well to the Tax Inspectors and then if you feel more money is lost.
4. Consult t ...ReadMore
NITHYANANDAN SUNDARESAN
Income tax and banking laws queries
Sir i am Smit , my friend from Canada wants to do FDI in india so which sector is good for investment in India? he wants to transfer 10MCanadian$ in my account but due to RBI monetary restriction his
3 years ago
A. Dear Sir,
Please take necessary advise from concerned Financial Adviser.
Please give me Rank 5 if you feel my answer helped you.
Deduction U/s. 80 DD
Can two caretakers (Husband and wife both) avail deduction u/s. 80 dd (physical permanent disability) or U/s. 80 DDB (medical Treatment) for single dependent (Child)
3 years ago
A. No, but they can divide and take 50 percent expenditure each
Ayantika Mondal @ Prime Legal
Hindi me btaye - Kya mai ise apni revised income tax return me dikha sakta hu ?
Maine kisi ko 4 lakh ka cash loan diya tha june 2018 me , ab vo vapas dene se mna kar rha hai, ab mai is loan ko 30 june se pehle apni revised income tax return me dikhna chahta hu, kya mai dikha sakt
4 years ago
A. Nahi sir. Ab aap nahi de sakte. time limit khatam ho chuki hai.
Sankalp Malik
Explain clearly - can i show this in my revised Income Tax Return ?
I gave a loan of more than 20000 rupees to an individual in the month of april 2018 in the form of cash. Now, the borrower doesn't want to repay the loan amount. Giving loan as cash of more than 20000
4 years ago
A. Dear Sir,
No institution take suo moto action against you unless some body complains. Rs.20k is negligible amount and you contact the Chartered Account to get exact procedure.
Please give me Rank 5 and Review my Resume and Follow Me.
Tax rebate
I am a govt employee and I am constructing new house without any loan. Can I get income tax rebate by putting various construction bill of my home..Like contractor, raw material bill, transportation b
4 years ago
A. Hi,
I suggest you discuss it with your finance department and a CA.
Ayantika Mondal @ Prime Legal
