ITR - Commuted Pension
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Hi, I have withdrawn my PF on September 2020, do i need to show it in the ITR for FY 19-20 or FY20-21?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
PPF Settlement
I left my current company, should I withdraw my ppf amount from my current company account? Do they can stop me from doing it if I do withdraw money in future?
3 years ago
A. Hello,
Yes you should withdraw the PPF amount, it is your legal right, and the employer is in no position to halt your PPF amount
Ayantika Mondal @ Prime Legal
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
