Hi, 1. I have exited my previous company on Nov-2017 and joined my current company on 11-Dec-2017. My wife and myself travelled to Andaman during 3-Dec-2017 to 9-Dec-2017(during this time am not working in any of the company). I haven’t claimed anything before under LTA during 2013-2017. Will this travel can be claimed under FY 2017 block? 1.a) If yes, how can it be claimed? whether thru my current\previous employer \tax returns filing during June-2018? 2. I am planning to go to my native to drop my dependents and will be returning back alone in May-2018. Will this be claimed as LTA under FY2018? Please advise.
Is their any law/rule in income tax act or any where by which I can bound my employer to accept my investment deceleration ,which I submit in the start of any financial year I.e. aprail,so that my employer deduct the income tax from my salary after considering the investment deceleration?
I have received lumpsum LFA from my company amounting to Rs. 2.30 lakhs in Feb 2018. I have not given details of actual expenses to my company before FY closing in March 2018.Hence could not claim tax exemption/concession. I have to now claim exemption while filing my return.Please guide as to which sheet in ITR2, I should fill in the expenditure amount
My parents expired. They were having a house. My brother wants to own the flat. The flat is already transferred to his name as he was nominee. we have jointly decided that my brother will give me money for my share. It will be around 60 lakhs. How do we do this transaction so that income tax is minimum?
I am not required to pay IT by virtue of Section 10 (26) of ITA 1961, Notification TAD/R/35/50/109 dtd 23 February 1951 and North East Areas Re-Organisation (Adaptation of Lawn on Union Subjects) Order, 1974 in so far as my income/salary in connection with BANK TDS deduction within Mizoram.
Do I still have to file my IT for 2017-18. My bank has actually deducted TDS and I have requested them to refund the same.
I have an old issue with 2015-16 also.
Hi. My house loan was sanctioned in FYY 17-18. However as per sec 80EE loan must be sanctioned in FY 16-17. My loan in below 35Lacs, property is below 50Lacs. but loan was sanctioned in may 2017. Can i use sec 80EE. also its my first property.
A resident indian earns by salary in Dubai. The income is earned, accrued and received in Dubai. Is it taxable. Due to domestic compulsions I have to stay in India for more than 182 days and therefore I am not a NRI. As per one of your sites any income earned, accrued and received outside india is not taxable. On what basis should i claim tax exemption
I had purchased a JEEVEN ASTHA policy with 10 years maturity. Now it is due for payment in Dec. 2018. I would like to know if the gains on maturity are taxable or exempt. If is taxable will it be taxed as Long term gain or a part of reular income>
I have submitted LTA claim for last two years together, i.e., 2016 & 2017.
There have been two separate journeys, hence I have attached two different claims amounting to 8,994 & 47,282.
But as per accounts office, only one journey claim can be waivered off.
I wish to confirm the policy regarding this submission.
Also unfortunately, the bigger amount(47,282) has been put in Taxable slot and LTA exemption is only 8,994.
This is unfair as clearly this should have been reversed. Now I am requesting to withdraw my LTA claim for year 2017; which will make INR 47,282 eligible for tax exemption. But accounts office says “You had claimed LTA non taxable in 2017, then travel after 1st Jan 2017 would be considered as non taxable. We can’t approve bills of 2016 in 2017 for non taxable.” Kindly clarify.
my query is :
to claim the fuel expenses incurred for official purpose as non taxable can the vehicle be in the name of spouse or it is compulsorily be required to be in the name of the employee (although all expenses are incurred by employee)
I have a Company leased car. The driver salary is not taxable. To reimburse this, I need to submit driver salary receipt. What details should be mentioned in the receipt in addition to driver name, date, amount? Do I need to get the driver signed on revenue stamp?
I and my spouse had travelled from port blair to havelock on a boat as there is no other mode of transport available and submitted the necessary documents to claim LTA. However, the same was rejected stating that boat travel is not covered under LTA. Kindly clarify
For current LTA block of 2014-17, I have already claimed LTA for my travel in Aug’15 for the block 2014-15. Now, I am claiming for travel done in Oct’17 for the block 2016-17. My question is that can I claim total amount of the year 2016 & 2017 ? Example: Suppose, in 2016 I get LTA amount of Rs.20,000/- and in 2017 I get Rs.30,000/- So total amount I get is Rs.50,000/- (in 2016 + 2017) and my LTA claim is of Rs.40,000/- then am I eligible for full 40,000/- or only 30,000/- (amount I got in 2017 only) ?
Accounts department says”You had claimed LTA non taxable in 2017, then travel after 1st Jan 2017 would be considered as non taxable. We can’t approve bills of 2016 in 2017 for non taxable”. Is that right?
can a person with physically handicapped of 40 % claim u/s 80 u the disability occurred due to Saviour fire accident of bodily and one of the hand got contractual unable to do with that hand civil surgeon gave 40% disability certificate . Kindly give me suggestion can I claim exemption u/s 80 U