capital gains on transfer of asset situated in India, income from Fixed Deposits or interest on savings bank account are all examples of income earned or accrued in India. These incomes are taxable for an NRI.Income which is earned outside India is not taxable in India...
ITR FY 2018-19 80TTB for Senior Citizens for Interest From FD & RD for 50,000 Long Term Capital Gain(LTCG) on equityis introduced.Long Term Capital Gains(LTCG) at 10% on gains of above Rs 1 lakh from Equity & Equity mutual fundshas to be shown in ITR form. Entering Salary break u...
Everything in Business Income plus capital gain income and relief u/s 89. welcome to ITR-Experts 8 Years Of Experience iTReXPERTS is based on the massive digitization of the Indian tax system. We are a Jaipur based Financial-Technology platform providing solutions for Income Tax filing, GST an...
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Capital gain exemption could not be refused when an investment is made within the due date of filing Income Tax Returns (ITR). The taxpayer, Munish Babaji Sawant sold a residential flat, but the capital gain that ...
Hi all,It was a pleasure to talk to you on my Facebook page yesterday, and answer your income tax and tax saving investment related questions.I am glad that I could be of help, and we would definitely have more such sessions before the end of the investment season. A background …[Re...
Any loss made in a capital asset sale can be carried forward in IT returns. However, keep in mind that capital gain loss can be settled against capital gains only. Recommended:How to Download Income Tax Return E-Filing Software? Hence it is paramount to realize that instead of getting sadde...
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(d) Income from any source outside India (Dividend, interest, or capital gain). "Any non-disclosure of the above information in the ITR may result in levy of penalty of Rs 10 lakh under Section 43," says Wadhwa. Sometimes individuals are of...
For Salaried Individual or With No Business Income PLAN ASalary or Rental Income₹ 749/- COVERS INCOME FROM Salary Rent from House Property Bank/FD Interest Does not include Business Income Order Now PLAN BCapital Gain & Other Sources₹ 2,499/- EVERYTHING OF PLAN A + Capital Gain from ...
Krishna (Fictional Character): Arjuna, there are many practical difficulties that a senior citizen may face while claiming an exemption for ITR filing. Senior citizen generally have FD/RD/saving bank interests as their major incomes. The interest rate for banks differ at times, so it is ...