Deductions

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Question Category : Deductions

    • Sir I have have earned interest on saving account more than

      Sir I have earned interest on saving account more than 10000.00 but bank have not deducted TDS. I have not declared any 15G or H to bank. Now in self assessment I have paid tax on Interest above 10000.00 vide challenge 280 . now while E-filing return when I declare income on other sources there it’s written “Ensure to fill Sch TDS2”. What to do n how to declare my interest on saving account?

      Profile photo of Bhavna Handique Asked By: Anonymous 3 replies 2 helpful answers Last Updated: 1 month ago
    • Deduction on health insurance of husband

      Dear sir, I and my wife are govt employee. She buy a health insurance policy and pay 15200rs as premium. but company issued health insurance on my name because my age is more then my wife. Please tell me can she claim deduction us sec 80(d).

      Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 1 month, 1 week ago
    • No Form16 n no TDS2 but interest more SB

      Sir I have earned interest on saving account more than 10000.00 but bank have not deducted TDS.I have not declared any 15G or H to bank. Now in self assessment I have paid tax on Interest above 10000.00 vide challenge 280 . now while E-filing return when I declare income on other sources there it’s written “Ensure to fill Sch TDS2”. What to do n how to declare my interest on saving account?

      Profile photo of Bhavna Handique Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 1 month, 2 weeks ago
    • Deduction U/S 80D for cash payment of medicine and tests.

      I am a Sr Citizen & central Govt pensioner. I ivested Rs.750000/- to Pradhan Mantri pension yojona and receive pension @ Rs. 5000/- p.m. I do not have any Health insurance but an expenditure of 15000/- is made for treatment and medicines for diabetics, hypertension and stroke treatment.Please send me the tax implications.

      Profile photo of susanta guha roy Asked By: susanta guha roy 1 replies 0 helpful answers Last Updated: 1 month, 3 weeks ago
    • Interest income for delayed credit of pension arrears.

      I had received compensation though referred by bank as interest in financial year 2017-18 for delayed credit of arrears of pension from 2008 to 2011. Can I treat as compensation in terms of RBI answers to FAQ No. 22. How much amount can be claimed as Deduction. Can this income be spread in different years for claiming relied under sec 89(1).

      Profile photo of Raj Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 1 month, 3 weeks ago
    • Contributory pension deduction-state government employee

      I am a state government employee,started my job in january 2018..we were told to fill the form for contributory pension deposit as soon as we get our employment code,which I did but the clerikal staff is delaying the postage of the form and it has already been delayed by 2 months..i wanted to know if that will affect my return that i am supposed to get from the government or will it anyways be counted from the date of my beginning of job..

      Profile photo of Sonali Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 1 month, 3 weeks ago
    • Can I claim portfolio management fee against capital gains/

      There are various PMS – portfolio management services who would charge a certain percentage as their services. Can these charges be offset against capital gains ( Long term/Short term) or Interest/Dividend income? What about portfolio management charges incurred for foreign investments?

      Profile photo of Gopesh Asked By: Gopesh 1 replies 0 helpful answers Last Updated: 1 month, 3 weeks ago
    • Deduction U/S 80D for cash payment of medicine and tests.

      I am aged 62 getting pension without any medical allowance. I purchase medicines needed for diabetis and hypertension to be taken daily by paying cash and also do the tests required. A total expenditure of Rs. 36000/- is incurred p/a. Whether deduction under sec 80D for self treatment can be claimed?

      Profile photo of susanta guha roy Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 2 months ago
    • Deduction U/S 80D for cash payment of medicine and tests.

      I am aged 62 getting pension without any medical allowance. I have diabetics and hypertension for which daily medicines are required. I also have depression for which medicines are also purchases in cash amounting to Rs 36.000/- p/a. I do not have any medical policy. Please advise whether deduction u/s 80D will be available?

      Profile photo of susanta guha roy Asked By: susanta guha roy 2 replies 2 helpful answers Last Updated: 2 months ago
    • Regarding Complain of my employer is not paying my dues neit

      Sir
      I want to bring your notice that we are here 60 contractual staff working in the Lakshmibai National Institute of Physical Education, Shaktinagar, Racecourse Road, Gwalior, Madhya Pradesh 474002. The Institute comes under the administrative jurisdiction of Ministry of Youth Affairs and Sports, Government of India.
      in this Institute the Finance Officer has deducted the Income Tax and other Tax from the Contractual Employee salaries but not paying dues neither issuing FORM 16 for filing IT return and PF Slips.

      Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 2 months ago