How do I file ITR for my parents when they do not receive form 16 but have other income?
ITR filing season ... feel free to ask any queries regarding ITR filing
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Means income from other sources...I also filled ITR 2. Because my mother is getting family pension ,fd interest and mf...if you are receiving fd interest, dividend , pension then you can file ITR1
Are there any more onlineportals like cleartax that simplify tax filing for taxpayers but don't charge you unless you seek help from a CA?
When trying to file itr online, my pre filled data file coming.Only salary part is coming in that data. I have a small amount of money obtained as capital gain through selling some shares.It is not included in pre filled data. Can I go forward with my ITR 1 pre filled form without including capital gain amount? Or is it needed to file ITR2 by including capital gain?
It didn't fill it self, file itr 2
Any way to save tax on LTCG AND STCG earned in share market?
No trick..... But yes try to redeem below one lakh profit in LTCG every year. Because one lakh income is tax free.
Which form for those who earn income and also sold some shares within a year for tiny amount. Also wanna offset some losses for shares sold last year
Is it possible to claim tax exemption for my regular 3 year llb course when my mom(pensioner) files return under 80c? I'm 37, and self employed. Thank you.
Hey, how to get back tds? I have already used 80 c , 80CCD , HRA, all kind of tax saving stuff.
I have a CA who does my and my wife's ITR. In each year, I have the following...
For Myself
- Salary Income
- Income from flat rent
- LTCG on mutual fund / shares (sometimes over 1L)
- STCG sometimes
- Gains from debt instruments (which is added to income)
- Sometimes need to pay advanced tax
For Wife
- Income from equity sold, usually try to stay below 1L LTCG
- Dividend from shares (usually well under 5K per year)
- FD Interest (approx 75K per year)
- No other income
Can I file tax myself and save money and not pay my CA? If yes which ITR and how to learn to do it?
I opted for new tax in my company. But I invested some money in mutual fund, health insurance. Wanted to check if I file the old tax regime in ITR now, will i get any amount as tax refund.
How to check this?
I am filing IT return for last 2 years, but for some reason I left my job on last year April month and didn't have any income throughout the year. Do I need to still file ITR this year or I can skip this time?
How to claim the pre emi interest for housing loan? Loan started on 2019 dec and house completed on 2022.
Hello
Last year i filed itr for below 2lac total income (for 2022-23).
In 2023 i started investing in share market. End of 2024, losses of around rs 30000.
Income in 2023-24 around 2lac.
How /which form of itr to fill..
Guide pl
Hire a professional.
Credit card due loan consider hota hai ya nahi? Isko kidhar mention kare if i have outstanding but amount in Bank?
Opinion- Government should abolish or lower income tax and increase indirect tax. It would allow people to spend much more in the market since they have more money to spend and also the government will earn more indirect tax.
Just an opinion.
In this scenario, rich people, people who get lacs in salaries will be the ones getting benefitted.
The poor will pay double taxes that should have been paid by the rich as IT.
Is that right?
The govt already has indirect taxation in gst.
For an Individual with 11L reported income, which regime is preferred?
Has anyone filed ITR1 in old regime. I am trying but can't be able to add deductions . Even Those are mentioned in form 16 are not showing. Any idea !
How to find the right itr to file
@third.i.financial.advisors a transaction of worth 23 lakh from my ICICI Bank credit card is showing on my PAN, do I obligate to pay taxes on it? I already paid 83k income tax on my salary (13 lakh per annum). Please tell me what should I do? I'm worried.
What is the description shown for the transaction of 23L?
Do we need to pay advance tax if TDS was deducted in monthly salary?
My company as of now reported only 9 months of salary with tds but for the remaining 3 months also tds was deducted which is not yet appearing in AIS. Should I wait until they send form 16 or can I go for filing.
My Father has let out a shop on rent to a daniya group of Pharmacists. They are paying rent after deducting 10% tds. My Father is retired and doesn't have any sources of income other than this shop. I need to help my father file ITR in getting the refund of that 10% TDS as his income falls less than the taxable threshold.
Need to understand what document I should get from that Pharmacist company to claim back 10% tax that they have deducted out of the rent they were supposed to pay.
Any help appreciated.
If TDS deducted, TDS certificate needs to be issued by Deductor. Further, the deducted amount will show under your PAN at time of filing and you can claim for same.
You can also submit Form 15G/H if income falls below income level.
Like up to how much salary we should go with old regime ?
I am doing investment on 80c 1,50k
80dd 50k
If salary is near 18 lacs, which regime should select an old or new one ?
I will only be working till August 2024 this year and my salary will stop at that time, I'm still getting taxed on my salary although my annual income will fall under the slab as I am only working till August. How do I tackle thism
What fee CA should charge for filing Income Tax return (Form 16 + Tax on other income sources) .. For tier 1 city like Bangalore, Delhi, Mumbai.. Secondly I have seen CA demanding additional fees for salaried employees (close to 10% of the refunded amount) by stating that this a norm as tax commissioners also taking their share.. Why such Practices are bring followed for salaried employees.. It become very difficult to understand if CA's are favour of saving our(Common Salaried person) taxable money or more in favour of tax authorities in clearing their work loads by external settlement.
This is common but some newbies are playing with new comers who wants to file tax for cheap. Don't get trapped. U will get IT notice
My employer has paid the tax back in 2013, but now when I filed ITR, and I was supposed to get the refund.. they mentioned that in 26AS form, tax paid shoes the status unmatched for that year.
So they didn't give the refund and adjusted for for 2013 year. However I have paid the tax already in 2013.
What can be done here
My salary is 4.8 lakhs and my ....STCG is 2.3 lakhs ....
What will be the tax ....i have to pay ???
New vs old ???
Pls
Asking for 3rd Time Please help
My friend has Rs25 Lakhs Around Entries in UPI No cash entries , 300 debit ,300 credit entries, Mostly he has shifted from his own bank account to another of own for applying in ipos and then divode Back to 4 of his accounts and for applying again get alltogether in 1 account , Secondly He Used to Lend Money from His Father and Brother for Applying in IPO’s in HNI of Rs 2Lakhs but didnt got any whole year and used to return after ipo got over and do same , He has income of Rs 4.8 Lakh. Will there be any problems in filing itr?
Probably No, if in case any unusual things happen, he will have all the proofs as money is received from his father's account and returned, however if he earned money from investing, he must have to pay tax.
Hi my net salary after deduction of loan interest, ELSS and HRA is 6.15.
Any way to come down below 5? Pls suggest
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.