There is so much confusion about NPS Tax Benefits after the 2016 Budget. Hence, in this post let us discuss about NPS Tax Benefits under sections 80CCD(1), 80CCD(2) and 80CCD(1B) and how to claim additional tax benefits.
Showing posts with label Income Tax Arrears Relief Calculator with Form 10E for F.Y.2017-18. Show all posts
Showing posts with label Income Tax Arrears Relief Calculator with Form 10E for F.Y.2017-18. Show all posts
Wednesday, 21 February 2018
Thursday, 12 October 2017
Monday, 9 October 2017
Are you paying your income tax only at the end of the financial year ? If your answer is YES, then understand that you are doing it in wrong manner. Today we will learn about Advance Tax which is not widely understood and its quite important thing to know. I know that majority of the people don’t follow this process and pay the income tax at the end of the year only (in fact on the last minute many times), But today you should understand if advance tax is applicable in case your case or not.
Tuesday, 19 September 2017
Thursday, 14 September 2017
Friday, 28 July 2017
Already Published the New Finance Bill 2017-18 (Central) and some changes in the Income Tax Rules through this New Finance Bill 2017-18. Some amendment has made in Income Tax like as the reduce the Tax Rebate U/s 87A Rs. 2500/- from the Rs. 5000/- to the Salaried Person and which Tax rebate can get who are not crossing the limit of 3,50,000/- Taxable Income. Below 3,50,000/- can get the Rebate U/s 87A Rs. 2500/- as per the Finance Budget passed for the Financial Year 2017-18. But who's Taxable income exceed Rs. 3,50,000/- they can not get this benefits.
Friday, 12 May 2017
Income Tax Department has disallowed relief u/s 89(1) which was claimed by Assessee during his/her filing of Income Tax Return for the Assessment Year 2017-18. Earlier there was no doubt in claiming such relief up to A.Y. 2014-15 from Income Tax Department. Simply Assessee claims in ITR form and Income Tax Department allows the same as claimed by Assessee.
But now, w.e.f. Assessment Year 2015-16, It is compulsory to upload online 10E form otherwise claim will be rejected and demand will be raised by I.T. Department.
All Assessees who had claimed rebate u/s 89(1) in the A.Y. 2017-18 have been informed by Income Tax Department through intimation order under section 143(1) that claim amount of rebate has been rejected and raised demand along with interest for the same.
How to upload the Form 10E through e-Filling Tax Return for the A.Y.2017-18 as given below Step by Step.
1) First Login to your e-Filling Site ( through income tax department of India)filingofincometaxIndiae-filing.gov.in
2) After login your Account just follows the below Snapshot for uploading Form 10E:-
Procedure to upload 10E Form
After reading above content it is clear without uploading 10E form, relief under section 89(1) can not be claimed. Now question is that how can we upload 10E Form along with ITR-1 (Sahaj), ITR-2 etc Forms.
After a time gap, it has been found that 10E form is not ITR forms. The 10e form is other that ITR form which is available on income tax website after login for e-filingofincometaxIndiae-filing.gov.in as shown the above picture.
Click here to download Arrears Relief Calculator relief u/s 89(1) with Form 10E From the Financial Year 2000-01 to Financial Year 2017-18 ( Updated )
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