Is Section 54F can be allowed if construction was not complete in all respects within stipulated period It is clear from the order of the CIT(A) that the assessee had commenced construction of the building within a period of three years from the date on which the property on the transfer of which capital gain […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Revised Income Tax return u/s.139(5) An assesses who is required to file a Revised Income Tax return is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assesses at any […]
Solution to problems faced in Income tax Returns by Salaried Assessees There are few cautions which are often ignored thereby resulting into complications being faced by Salaried Assesses while filing Income tax Returns.Quite some number of times it so happens with people working in Corporate that a Professional would visit them, take their respective Tax […]
Deduction of medical insurance premium- section 80D Payment for Medical Insurance Premium under section 80D is allowed only to an individual (resident / non resident/ Indian citizen/ foreign citizen) or a Hindu undivided family (resident/ non resident).Note that medical insurance policy refers to mediclaim policies (where you submit bills and get re-imbursement). Fixed benefit policies […]
Fill IFSC Code in Upper Case in ITR for fast processing of Refund After processing of the return we have received a failure of the credit of refund proceeds. As per communication received from CPC- Bangalore the said failure was on account of erroneous IFSC code. On verification of the IFSC code mentioned in the […]