V
Vivek
I submitted ITR for AY 2020-21 last year and its current status is successfully e-verified. I now realise that i claimed one tax exemption against incorrect article#, so need to correct it. Can i now submit revised version of that ITR?
Facebook
Twitter
Linkedin
Yes you can revise your ITR. For more assistance please contact at +91-9650511176
CA Rahul Dwivedi 19 May 2021Yes it can be revised upto 31st May 2021. If you require any assistance you can write to ca.rahuldwivedi@gmail.com or contact 9004485377
CA Mehul Aggarwal 19 May 2021You have the option to revise your ITR. However, the needful is to be done before 31st May, 2021. If you need assistance with the same, you may contact us at 9811 89 6771 or mail at camehulagg (at) gmail (dot) com
CA Naman Maloo 23 May 2021Yes as of recent updates you can revise that return till 31.05.21.
To read more click here: https://www.taxontips.com/cbdt-extends-due-date-for-filing-belated-and-revised-return-for-ay-2020-21-till-31-05-2021/
J
Jalaj Singh
Want to know jurisdiction Ao code for applying new pan?
You can get it from TIN NSDL website. Shairing link for your reference. https://www.tin-nsdl.com/services/pan/pan-aocode.html
For any assistance get in touch with ca.rahuldwivedi@gmail.com or 9004485377
A
Akash
My parents and I are living in a rented house. I am a salaried person having salary around 15 L . While declaring HRA , can i declare 20K per month as HRA and give pan card as a proof of my father. Pls note: i cannot give the pan card of the owner as a proof.
You can pay rent to your father and claim HRA benefit however certain thing to be remember in this regards :-
1) Since rent is paid to owners, the property must be owned by your parents.
2) Transfer the rent to his bank account or pay via a cheque and this way you can claim HRA deduction properly.
3) Rent paid by you to your father shall be taxable for him.
4) Usually employer ask for rent agreement so you can enter simple rent agreement with your father. Also arrange for Rent receipt.
If you are able to prove above basic condition you can claim HRA for rent paid to your father and you will be position to prove the same in case of assessment or any query raised by department.
Thanks Rahul for your input. My father does not own the property, we stay in a rented house. Now in this scenario, can I claim HRA for rent paid and show my father's pan card as a proof ?
CA Rahul Dwivedi 18 May 2021As a professional i does't recommend/suggest any practice which is not as per rules or for which we don't have proper documents or documents can't be created.
If you are paying rent then you should give PAN no. of your landlord and definitely you will have genuine Rent agreement. Your landlord can't denay that.
It's my personal view others may differ.
thanks a ton Rahul !! Appreciate it
T&C applyA
Arijit Sikdar
If I trasfer10 lac from my bank a/c to my son, will it be taxable in my son's hand
If you are giving in form of gift it is not taxable since it falls under gift to relative.
CA Rahul Dwivedi 18 May 2021Ttaxability of transaction is depends on nature of transaction. You are transferring Rs. 10 Lacs to your son it may be loan, may be gift or for any other purpose.
You can transfer money to son as gift or loan it is not taxable at all. However don't depositing such huge CASH in cay account. Bank A/c transfer not a problem at all.
R
Rohan Khandbhor
Need guidance while giving investment proof to company at the starting of financial year
You may contact us at 9811 896 771 or mail at camehulagg (at) gmail (dot) com to get guidance from us. Thank you!
CA Puja Sharma 17 May 2021In my opinion, at the starting of the Financial Year, the employer may not ask for investment proof because the investments will be made during the FY.
CA Rahul Dwivedi 18 May 2021At the begaining of the year company never ask for investment proof. employer ask investment declaration for the year, which you can easily gives. Always gives investment declaration at the year side as might be possible during the year you invest more than what you invested previous year to save the tax.
T&C apply
