https://www.desidime.com/comments/permalink/10131514
Free to ask or chargeable?
ITR filing season ... feel free to ask any queries regarding ITR filing
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https://www.desidime.com/comments/permalink/10131612
Free to ask. Reply may or may not be free 😄
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https://www.desidime.com/comments/permalink/10131535
how to reduce ltcg from mf ? (for re we have nhai & rec )
or charity etc ?
https://www.desidime.com/comments/permalink/10132563
Cant reduce mf ltcg ... have to pay tax ... But if you are willing to put whole cap gain in a new residential house , then you get exemption.
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https://www.desidime.com/comments/permalink/10131601
reason for declaring to the employer was that they deduct the taxes accordingly so that you don't end up in paying interest at the end if the payable tax is more than 10k (advance tax), you can show the details while filing now and ensure that are within the limits of your salary like HRA etc
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https://www.desidime.com/comments/permalink/10131592
this is regarding property (flat) sale and the deductions that can be claimed to reduce capital gains and thereby tax;
1) For purchase date consideration, should we include the date of agreement where we started paying the first instalment or the date mentioned in the final sale deed
2) Apart from a) CII b) repair work c) any 54ec capital gain bonds, is there any other deduction that can be claimed (I guess the yearly property tax/water tax etc can't be claimed 😀), thanks!!
https://www.desidime.com/comments/permalink/10132570
1) For purchase date
consideration, should we include the date of agreement where we started
paying the first instalment or the date mentioned in the final sale deed
---- sale deed date
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https://www.desidime.com/comments/permalink/10131610
What is the diff between highlighted options?
https://www.desidime.com/comments/permalink/10132574
I am not sure of this
https://www.desidime.com/comments/permalink/10131621
How to show pf withdrawal amount while filing? Service more than t years
https://www.desidime.com/comments/permalink/10132576
Shown under section 10 exemption . Better consult a professional to do things if amount is big.
https://www.desidime.com/comments/permalink/10131828
I switched my company in June and my new company put me in new tax bracket.. I want to file itr using old tax system to take benefit.. do I need to calculate hra amount manually using all the pay slips?
https://www.desidime.com/comments/permalink/10132578
Yes ... have to do manually
https://www.desidime.com/comments/permalink/10131872
If i file itr on 15 june or after, will 234b and 234c are applicable?
https://www.desidime.com/comments/permalink/10132580
Yes , its levied even if you file in april .
https://www.desidime.com/comments/permalink/10132138
can we set-off carry forward FNO loss with short term gain (ipo gain)?
https://www.desidime.com/comments/permalink/10132584
You can set off with any other income except salary .
https://www.desidime.com/comments/permalink/10132494
there is a discrepancy between the income amount on AIS and what the income tax portal is showing for taxation purposes.
Do I need to correct it and make it exact (my tax slab is the lowest one even after adding all the income from all different sources)?
also, i have got some dividends and they have deducted TDS accordingly, can that be claimed?
https://www.desidime.com/comments/permalink/10132587
1. Correct it and show.
2. Claim tds on dividend. And file itr
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https://www.desidime.com/comments/permalink/10132581
Do foreign currency transactions on Indian credit card show up in AIS like they do for any Indian bank's debit card ?
https://www.desidime.com/comments/permalink/10132635
Intl cc bought in india / indian bank account ?? Yes
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https://www.desidime.com/comments/permalink/10132951
@third.i.financial.advisors
I am doing intraday trading daily transaction are reported with a small amount of profit.
Do i need to file ITR.
https://www.desidime.com/comments/permalink/10140307
Will have to check the amount of trn
https://www.desidime.com/comments/permalink/10133042
@third.i.financial.advisors
I sold some ESOPs in buyback from investors of my employer. In Form 16, they've added it as perquisite and according to tax slab, tax was deducted.
I already got some percentage deducted at the time of money being credited in bank account, since all of this was handled in USD and the US, I already paid tax in the US, then in India, according to tax slab. For Indian stocks, it's flat 10% for LTCG and 15% for STCG but paying tax as per tax slab isn't beneficial for those falling in high tax bracket.
Any idea on this?
https://www.desidime.com/comments/permalink/10133176
Your query is not very clear to me.
1.You sold your employer shares in a buyback.
2. They deducted tds at your slab rate? 3. Paid to us govt?
4. Again paid tax to Indian govt? Why did you this, if you did?
US and India have a tax agreement to avoid double taxation. You could have just claimed credit for the tax to paid in US.
Am I close to what you actually meant? Is there anything else?
1.You sold your employer shares in a buyback.
2. They deducted tds at your slab rate? 3. Paid to us govt?
4. Again paid tax to Indian govt? Why did you this, if you did?
US and India have a tax agreement to avoid double taxation. You could have just claimed credit for the tax to paid in US.
Am I close to what you actually meant? Is there anything else?
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https://www.desidime.com/comments/permalink/10133094
is the last date for all itr's like itr 1,2 etc. 31st July without fine?
https://www.desidime.com/comments/permalink/10140311
Yes .. unless its a tax audit case
https://www.desidime.com/comments/permalink/10133209
One of my friend had used cc UPI for rotation because of multiple offers and it shows up now in ais. There is a option to update details now. Shall he update it now or wait for the it to send notice? If update now, what to update?
https://www.desidime.com/comments/permalink/10140313
What update do u mean ?
https://www.desidime.com/comments/permalink/10133224
Post office RD has reported the interest for the complete duration (5 years) in the final year under AIS.
I was expecting it to be reported per year wise. Isn't that the case?
https://www.desidime.com/comments/permalink/10140319
Have u reported 4 years income in itr before this ?? If thats done, then nothing to worry.
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https://www.desidime.com/comments/permalink/10133229
How to enter details of US stock investments while filing for ITR?
https://www.desidime.com/comments/permalink/10133468
Mine HRA was rejected by employer stating agreement was not valid. And whole tax on hra was deducted in month of march.
Can i show while filling itr hra? Will they ask agreement?
PS. My agreement was expired 6 months ago and we did not renew due to owner constriant
https://www.desidime.com/comments/permalink/10133992
@third.i.financial.advisors I too have similar doubt, I didn't claim HRA via employer but will show it at the time of filing ITR. I'll even show the rent amount as income in my maternal grandmother's account although there's no transfer of money from my bank account to hers in FY 2023-24 and there's no rent agreement too.
Is PAN of landlord asked at the time of filing ITR ?
This FY 2024-25, I'm transferring amount to her bank account quarterly as rent and will claim HRA via employer this time.
Is PAN of landlord asked at the time of filing ITR ?
This FY 2024-25, I'm transferring amount to her bank account quarterly as rent and will claim HRA via employer this time.
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https://www.desidime.com/comments/permalink/10133501
I took a home loan of x amount last year..how to show it in ITR?
https://www.desidime.com/comments/permalink/10140329
Do u file itr urself ..
new or old regime ?
new or old regime ?
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https://www.desidime.com/comments/permalink/10133704
My 90% income is from gains of shares trading
I have 30k bank intrest
1k fd interest
30k dividend
Can I save tax anyway ? Income around 10-13lakhs
https://www.desidime.com/comments/permalink/10140335
Thats too big a question to answer here .. there are so many variables . What did u file last year ? ITR 4 ? or 3 ? or ITR 2 ?
https://www.desidime.com/comments/permalink/10133895
Can you please look into this thread - https://www.desidime.com/discussions/internatio...
https://www.desidime.com/comments/permalink/10139067
Donate to political party 🤪
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https://www.desidime.com/comments/permalink/10135071
How to report income from the buyback process in ITR?
https://www.desidime.com/comments/permalink/10140351
Which company shares ? when was it repurchased ?
https://www.desidime.com/comments/permalink/10135302
If I pay advance tax 15 days after due date, will 15 days be also included in additional interest calculation?
https://www.desidime.com/comments/permalink/10135342
I am not able to modify the HRA amount while filling ITR. Any changes in portal or rule. I have failed to update rent slip for 3months
https://www.desidime.com/comments/permalink/10135548
Can I get back Professional TAX ?
https://www.desidime.com/comments/permalink/10135601
My friend took 2.5 Lakhs from me last year... He is not responding to my calls till now... To pay that I am rotating the amount in my credit card... Do I need to file ITR???? My income is 6 lakhs per year....
https://www.desidime.com/comments/permalink/10137793
If your income is above 2.5L you are required to file ITR. No matter what.
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Free to ask or chargeable?
Free to ask. Reply may or may not be free 😄
how to reduce ltcg from mf ? (for re we have nhai & rec )
or charity etc ?
I have allotted one IPO and the same day of allotment, I sold it. This txn will come under intraday or STCG (15%) means I have to fill ITR 3 or 2 in this case ?
Like the op said, logically it's intraday but
The law can be interpreted here. This can be considered as short term,
1. As this is a rare occurrence for you.
2. And this is MY REASONING, quite brilliant, if I can say so myself
You may have sold the stock on listing day. But
The shares are credited to the buyer's account, a day before the listing day.
So technically, you bought the stock the day before and sold it the next day.
This makes it short term. So filing itr2 should be enough. Pay 15% + cess as stcg tax.
Hopefully I'm right about this.