Solution to problems faced in Income tax Returns by Salaried Assessees

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

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 […]

Tution/school/education fees under section 80C of IT Act

Tution/school/education fees under section 80C of IT Act Who is Eligible: Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assesses and is not available to HUF. Maximum Child: Deduction under this section is available for tuition fees paid on two children’s education. If Assesses have more then […]

Cyber Crimes while e-filing of Income tax Returns

Cyber Crimes while e-filing of Income tax Returns 1. Registering PAN on income tax portal without the PAN holder’s consent:  If any professional / accountant found that he has access to all pan data of its client company employees or other clients and/or he voluntary register PAN without consent is cyber crimes while e-filing of income […]