LTC cash coupons
LTC cash coupons
Can I claim tax exemption using LTC cash coupons as I bought a car in November 2020 even if I didn't declare LTA during salary structure declaration.(My company allows us LTA only if employee declare
3 years ago
A. Dear Sir,
You may approach any tax practitioner.
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Ayantika Mondal @ Prime Legal
TAXATION ON RIGHT TO PASSAGE
Suppose a person has a piece of land, and he lets others who have houses behind that land to use it as a common road. He only gives that person right to passage, and no ownership of property is transf
3 years ago
A. Hi,
This will fall under income from other sources, according to the Income Tax Act.
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Ayantika Mondal @ Prime Legal
MANOJ KUMAR MISHRA
What does error code 202 mean for defective ITR return marked under 139(9)?
The reason says "The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the cre
3 years ago
A. Hi,
This means you will have to resubmit your income receipts under the correct heads of income.
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Ayantika Mondal @ Prime Legal
SECTION 54F
I have one residential house where i am staying since last 11 years. I have also purchased 2nd house for which registration is pending with builder. I want to sale my plot (purchased during 2011) and
3 years ago
A. Hi,
Yes, you can claim the exemption under Section 54F so long as you invest the proceeds from the sale into your second house.
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Ayantika Mondal @ Prime Legal
Vaidehi Samant
Wrong income in 26 AS
Dear sir employer showing income paid for Apr,May,June 2020 but the salary was not paid to me in any manner and now his intention is same for no payment. Now what steps i can take as amount is not rec
3 years ago
A. Dear Sir,
You may get issue a legal notice and after that you may approach IT Department for amending your returns if filed wrongly.
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payment of tax
if my case of income tax payment is 2013, which is pending & not paid till now, with new rules where no case can be opened beyond 3 years, do i need to pay tax now since my case dates back 2013
3 years ago
A. Hi,
There are no such rules, you will have to pay all taxes that have accumulated since 2013.
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Ayantika Mondal @ Prime Legal
regarding income tax payment
hello, this is regarding amount deposited in bank in 2013, got income tax notice in 2014 to pay tax , did not pay till now. now with new tax rules where old tax cases cant be openend beyond 3 years, s
3 years ago
A. Hi,
You will have to pay the entire amount mentioned in the notice. There are no such rules which would exempt you from paying them.
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Ayantika Mondal @ Prime Legal
Tax refund determined but not received
Hi, I should get income tax refund for last year. But CPC is not transferring me the money for more than a month. I have made complaints by calling them and through e-nirvan but nothing helps. When I
3 years ago
A. Hi,
This can be resolved by the tax authorities, you will need to try and contact them.
If this does not resolve the issue, you will have to file a writ petition in the High Court.
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Ayantika Mondal @ Prime Legal
Anitha gutti
section 80EEA
With current home loan interest rates and the max property value limit of 45lakhs, we can never avail full benefit of section 80EEA. So if we buy a house which meets the conditions of section 80EEA an
3 years ago
A. Hi,
Yes, you can claim full exemption on the second house.
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Ayantika Mondal @ Prime Legal
mr
Can I get the tax benefit for home loan paying for under-construction property
3 years ago
A. Hi,
There might be some rebates you can claim, but we will need more details to assist you.
Ayantika Mondal @ Prime Legal
