Rent Arrears: While filing ITR, if there are any rent arrears that are received by you in FY 2018-19 then you have to report them property wise as received.ITR-1 & ITR-2 has introduced an additional row ‘Arrears/Unrealized Rent’ received during the year less 30% Full split of interes...
Make sure that you have created an account in Taxumo. Uploading of the Certificate of Registration and the Signature is not necessary. What is necessary though is for you to have a subscription with Taxumo. Check out our plans and inclusions here:https://taxumo.com/pricing For those who a...
Both Revising the return and rectification are similar but not same. A taxpayer canrectifyhis income tax return online if there is an apparent mistake in the return already filed. The change can be effected only after the taxpayer has received an order. Rectification enables correcting the error ...
The limit of 6 years shall apply to all Income Tax authorities having powers to pardon the delay including the board.A condonation application (pardon) should be disposed of within 6 months from the end of the month in which the application is received. In a case where refund claim has ar...
But if for some reason you could not submit Rent Receipts or employer did not consider it , you can claim it while filing ITR. When HRA is not accounted by employer, more TDS is deducted from salary. It may happen that may be eligible for refund if net tax paid is more due from you...
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...