CuriousMind (NA) (139 Points)
03 July 2024Dear Experts ,
Could you pls advise whats the best way to save tax while Filing ITR1 with Salary and FD interest income.
When 80C is already having 1.5lacs , HRA is already considered by Organisation and no house loan interest.
What are all different sections available for saving further taxes pls ?
Best Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177830 Points)
Replied 03 July 2024
In general Standard deduction, Donations if any, Mediclaim insurance etc.
CuriousMind
(NA)
(139 Points)
Replied 09 July 2024
Dear Dhiraj Mal sir ,
Thanks for your revert .
Can you pls help understand which section of incometax would be appropriate to claim refund for property tax and rental Brokerage pls ?
Loss from house property is okay ?
Best Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177830 Points)
Replied 09 July 2024
Property tax is claimed in income from HP itself Sec 24(b) IT act. Brokerage is one time payment can be claimed in first month rent.
CuriousMind
(NA)
(139 Points)
Replied 09 July 2024
Sir , HP meaning?
I don't have a home loan , hence not paying any loan interest, just property tax for a self occupied property , that has not been claimed anywhere.
HRA already considered by company but this brokerage amount is not claimed , I can higher the HRA amount while filing you mean pls ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177830 Points)
Replied 09 July 2024
CuriousMind
(NA)
(139 Points)
Replied 09 July 2024
Many thanks Sir ,
1. This is for last FY ( 23-24 ) , when I was on rent , hence that time I had paid brokerage.
2. And last year my own property was vacant when I paid Property tax . Can I claim in this case ?
Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177830 Points)
Replied 09 July 2024
CAclubindia
