Remember those with an income from business or professioncannot opt in and opt out of the new tax regime every year.Once a non-salaried opts out of the new tax regime, they cannot opt in again for the new tax regime in the future. Form 10IE is a declaration made by the return filers...
Salaried individuals living in a rented house can claim HRA, if not included in salary, uponfiling form 10B. National Pension Scheme (NPS) NPS offers a plethora of investment options. Employees between the age group 18-65 can invest part of their pension fund into NPS options. A maximum ded...
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. The Long Term Capital Gain or LTCG will be taxed at 10% for all listed equity shares and units of equity-oriented MFswhere STT is paid on purchase and s...
Instructions to Form ITR-6 (AY 2016-17) Instructions for filling out FORM ITR-6 These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. ...
HELLO WE HAVE FILED ITR 4 PRESUMPTIVE BASIS FOR OUR PARTNERSHIP FIRM WHICH ITR FORM SHALL BE USED FOR FILING ITR OF PARTNERS ITR 3 OR 4
Also, even after filing the declaration, if the bank deducts tax at a higher rate by mistake or by whatsoever reasons, in that case too the senior citizen will have to file a return of income to claim a refund. In this way, it has very limited benefits. ...
of foreign assets in 'Schedule FA' in the relevant ITR form. Simply reporting income from foreign assets in the ITR form without disclosing the assets in Schedule FA will not be considered as fulfilling the disclosure requirement," says Naveen ...
Form 15CA is required when the rental payment exceed INR 50,000 (single transaction) and INR 2,50,000 per financial year. Form 15CB is not required when rental payment does not exceed the above limit and lower TDS has been deducted. In the case of lower TDS deducted, a certificate is...
In case of damage, there is a 50 per cent chance that you pay the other half of the premium and the insurance company covers all the losses; and there is a 50 per cent chance that you get back your insurance payment and suffer all the losses. For example, if an accident occurs on ...
The treatment of ED in the form of Eroxon®is a new OTC category in most countries where current first line treatment options are predominantly PDE5i's which require a prescription. As expected and as with any major new OTC category, whilst this represents a major business opportunity there...