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Question & Answer


G

Ganesh

27 Dec 2020

I bought my first apartment in Bangalore In Dec 2019. I was not able to move in till Sep 2020 due to the COVID situation and labour migration issues. I was staying in a rented accommodation till end of September 2020. Is there a way of claiming both HRA as well as interest from housing loan as deductibles.

Replies (1)                          

CA Naman Maloo       3 Jan 2021

Yes you can

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K

Kashif Khalid

26 Dec 2020

I am a freelancer and I earn from foreign clients via PayPal and direct bank transfers. If my income exceeds 5 lakh should I really submit IT forms or I should not get into it yet unless my income becomes double and triple than it?

Replies (2)                          

CA Naman Maloo       3 Jan 2021

If your income is above ₹2.5 lakh you have to file return of income.
You can read more here: https://www.taxontips.com/who-needs-to-file-income-tax-return-or-who-should-file-income-tax-return/

CA Navin Jain       5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

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P

Priyamvada Shende

26 Dec 2020

I am a salaried individual with no other income.

I missed filling out the interest earned from savings account in my ITR for AY 20-21. What will be the repercussions for this? Can this be rectified?

Replies (2)                          

CA Yash Shah       26 Dec 2020

Hi, need to know what is the interest in savings account which you have missed. You can file revised return before 31st December 2020. Please call on 7045760379 for further guidance

CA Navin Jain       5 Jan 2021

Please connect on +91 9830375894/ canavinjain1@gmail.com

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K

Karthik Prasad R

24 Dec 2020

My Mother has undergone cataract eye surgery which costed Rs. 96350 under medical insurance we claimed Rs. 73800 and the remaining expenses Rs. 22550 can we show as deduction while ITR filing?

No Reply  


D

Dheeraj

22 Dec 2020

Can we add normal blood test expenses as preventive health check up expenses in ITR ?

Replies (1)                          

CA Puja Sharma       22 Dec 2020

Yes you can add. For assistance in IT Return filing you can connect with us at+91 94615 28592

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