Income Tax Dept. Serves Notices to Salaried Individuals for Proof to Claim Exemptions / Deductions

[@venuinnovativeideas5919]

Good idea in using AI in send notices to salaried employees... why don't goverment use AI to generate reports and share to public how tax amonut is properly using to country development. So that tax payers feel happy to pay tax .

[@govinda1988cs]

useless govt.

[@jobsinindia8910]

Can you answer me, what is income?
As of I know, income means what I saved after all my expenses.
If govt linking only income in all places and not expenditure then how can that treat as an income.
2 examples.
1. I have taken loan from bank. Processing fee in 25,000 Rs. In the same year I earned 15,000 interest from bank.
Now, form 16 has 15,000.But, Not 25,000.
2. Why govt not linking hospital, Register office, mee-seva, RTC with PAN and adhar to monitor expenditure and release form-16?
Do you really think, income tax sections are wealthy and at suitable brackets as per current market?
GST is another devil for salaried employees... Salary employee has to pay GST and cannot claim it in income tax .
Can you tell me one section which is changed as part of tax revision this year? but, market has too many hikes in almost every item.

[@casansaarca]

Discuss with your nearest tax consultant, these things not to discuss on youtube messages

[@sankarankarthikeyan1295]

In our country only the salaried people are paying IT promply as it is deducted from source any move like this will annoy the honest payers.
I n the case fuel _taxes are collect AS cst gst
and again to pay IT on fuel is a matter of double taxation eroding the real income and standard of living
There profession where we cannot find actual daily income and they easil y escape from IT
For examle private doctors advocate charted accountabnts engineers astrologers actors❤

[@sabineshdasymailcomd]

Right

[@yarkrao]

Nowadays as every transaction is done with PANCARD, all incomes,expenditures,savings and investments can be tracked and compiled in AIS and tax calculated by department itself and arrive the tax liability of each individual. It can be easily recovered by issuing notice if dues are there and arrange refund if excess is paid or deducted.

[@casansaarca]

Right

[@subrahmanianpallath9176]

My question is that why different calculation. When upto 7 lakhs no tax that should be applicable for all. Why should people have to pay tax on their income less than 7 lakhs. For short term capital gain 15% tax when no other income why upto 7 lakh one should pay tax.

[@Karan01748]

@@subrahmanianpallath9176 Because basic exemption limit of 7 lacs cannot be availed against Short term capital gains.

[@ramulugouri5768]

What is the necessary to ask for the CA/CS/Advocate/ TRP extra as the department can trace them with IP number from where the ROI got uploaded.
However, no standing instructions given or powers given to these professionals to verify the credentials of the person filing the return.
With utmost good faith the professionals discharge their duties and it is the duty of the assessee to prove themselves correct in case of enquiry.
Moreover, advocates are protected as they are representing the matter before the authorities. Even an advocate file vakalath on behalf of an accused of murder or rape and that doesn't mean he is involved in that.

[@SanjayThakur-fh6yz]

This step is very very bad bcz overall salaried persons are suffering and they are moving und r difficult condition due to saving is not possible by them. Govt has to think once on it to increase capacity (standard deduction)or withdraw this tax and charged and collect only sales tax.

[@fffff3387]

Earn and pay tax. Save and pay tax on interest. Make property from saved income and give property tax. Buy something give gst.

[@subrahmanianpallath9176]

When govt decide upto 5 lakh or 7 lakh no income tax that should be applicable for all. When upto 20 lakhs no income tax for gratuity, pvt employees pay income tax for 5 lakhs due to different calculation. I got less than 20 lakhs in the year of retirement including salary for nine months and gratuity, leave salary and 3.5 lakh tax deducted from me while 20 lakh gratuity exempt for govt employees. On 5 lakh gratuity tax was dedicted from me because calculation of 15 days D.A. and Basic salary per year. In pvt salary is less. Now govt is giving exorbitant salary and pension after retirement but pvt companies donot. Now after retirement no pension but if i do some share trading i have to pay 15% tax.

[@pinkiegarg8911]

Today in India 50% of the salary goes for tax to the Govt in the form of direct and indirect tax. That's why tax evasion happens. No deduction or exemption is required if flat 10% percent tax is charged to salaried employee. Gst rate be reduced to flat 5%. Then no one in the country will evade tax. Today it seems that country is running on the taxpayer income.

[@UpendraKumar-we9qy]

What will be the return for tax payers... Nothing.
We like doing donations to this govt
In return the government is not providing anything to the proper salaried person..
Hence many people are leaving India.

[@nimbupaani6335]

Where gov get money they will implement AI, where its for public like passport portal, IRCTc goc will give cheap technology.

[@prashantshah1396]

The problem with new regime is first of all only 7 lakh people opted for it but the government never accepts their failure so now forceful implementation of new regime to show success. Also log agar khali spend karenge to budhape mein kya government unke Ghar pe khana Dene Wali hai? In fact we the people should elect AI instead of the politicians.

[@dowhatyou_love]

Thank you for this wonderful vedio.

[@srinivasbulli]

Governments need money for free policy, scheme

[@murthydsn8865]

Sir,This is because of two reasons.1) For the last three decades no evidence was required to be filed along with ROI on the ground paperless return.2) Scrutiny of many salaried cases has been forgotten by dept except in Capital gains cases or information given as per statute by banks,sros etc.
3 Many half knowledge assistants in other than authorized representatives started gfilinf returns claiming TDS refunds.These defects should be rectified immediately jaisriram

[@vivekkhurana4774]

Might be

[@mangeshrajhansa446]

But there is no provision to add document or attach document when we file the returns ONLINE...is it there? Can you guide on this...and more over, when everything is attached to our PAN, then why this investment receipt are not captured by IT dept...why they don't make it mandatory for LIC, insurance companies to share these data with AIS portal, including home loan principle amt, interest amount, Gift tax etc....infact portal is not so easy to fill all, for a common man.... Govt.bolti kuchh hai, Asliyat alag hai..

[@vivekkhurana4774]

No need to attach, they want only genuine claims and if you receive notice then can produce all the documents. You must have documentary proof before claiming any exemptions / Deductions

[@mangeshrajhansa446]

@@vivekkhurana4774 Yes, Sir, Let us assume if I get a notice, then while replying to the notice, do they have a provision to attach the document ? or my suggestion to IT dept is that only, why you want to send the notice, this is only creating a doubt in tax payers mind that IT dept think that we are CHOR....demand the proof while filing the return if employer has not shown it in form 26AS... so simple... un necessary complications... Tax collection is increased not because of IT dept made the portal good, but salaried income has increased, Lets make so simple and user friendly so that we need not to take assistance even.

[@vivekkhurana4774]

@@mangeshrajhansa446 send your suggestion to income tax department

[@vivekkhurana4774]

@@mangeshrajhansa446 no assumption plz

[@rohankari]

Only salaried people are suffering . Guys like u also hide ur income. Catch business ppl

[@SmartMarketTips]

Sir, what is max amount exemption for withdrawal of mutual funds profit amount?

[@vksofficial7377]

As CA sir said Govt wants more you expense so they can earn more GST and due to less deduction and exemption income tax shall be higher.
But side effect of it will be Companies like LIC , health isurance companies, MF companies , NPS , FD , All debt bonds , property market will suffer since people now will not interested in all such investments who doing it for tax saving.
I dont know what govt had thougt about these businesses

[@prabhafancy4587]

How did they rent receipts as fake? Whether there is any law resist us to pay rent to relatives

[@vivekkhurana4774]

Give proper details

[@devojittaid1979]

Very Informative

[@vivekkhurana4774]

Thanks

[@madhukrishnan1567]

Is data in 26AS sacrosanct ? What happens if there is a mistake? Howto justify

[@vivekkhurana4774]

Report it

[@vinodkumar-is4go]

Sir, I got 133(6) notice for AY22-23. my CA has filed returns on 80DDB for which i dont have any proof. What should i do now, please suggest

[@vivekkhurana4774]

You must ask your CA for this

[@vinodkumar-is4go]

@@vivekkhurana4774 He placed fake deductions, now how to correct them, do we have to file updated ITR? and in that case how to respond to the income tax notice. If we file updated ITR, what will be the penalty?

[@rajivsanthanam1]

Can you show rent lease agreement and bank statement as proof of rent payment instead of rent receipts

[@casansaarca]

Yaaa you can

[@murthydsn8865]

Though there is no provision to enclose documentary proof for house rent paid,for HRA claim and other exemptions or deductions as an educated person assessee cannot claim false claims.this is is in general practice by several persons knowing or un knowingly claimed false claims and got refunds now such persons are allowed an opportunity to file ITR.U if this is also misused they are inviting problems in future.jaisriram

[@Daft_Dhwelk]

If I have to claim fuel expenses, do I have to submit all the fuel station petrol purchase stubs?

[@vivekkhurana4774]

Where u have claimed this????

[@priyandeep_00677]

जो सही है उनको दीजिए बाकी जिसपे आपको शक है उसकी जांच करिए

[@ramkumarsingh9914]

If a person filed itr and got refund. Meanwhile, before getting refund, he has filled revised itr with less amount of refund than the previous one. What action are need to be taken?

[@vivekkhurana4774]

Person got refund and filed revised ???? How possible 😂

[@amark2895]

My brother got 80G donation receipt from a CA where that person charged some amount of tax saved. Should he go with it or not while filing ITR ? Will he face complications as he has the receipt.

[@vivekkhurana4774]

Check if it’s genuine and proper donation receipt and that person eligible for 80g. Everything you have to check. Govt is more Keen about donations and more scrutiny.

[@manujdhaka2652]

Bogus claim u/s 80G are more prone to scrutinised by the IT Dept. Trust me. I had a similar case. Bogus receipts were provided during the course of scrutiny proceedings. Found bogus and was penalised.

[@amark2895]

​@@vivekkhurana4774 how to check if it is geniune ?

[@amark2895]

​@@manujdhaka2652 Oh 😢 what is penalty?. Should I ask him to refile and remove 80G as he filled it already. For proof sake he has the receipt.

[@syedsameer5948]

Hi
I have filed my itr and got returns.
But now I'm seeing that it did not consider my interest from savings bank account.
Should I revise my return now ?

[@casansaarca]

Yes

[@vkagrawal1299]

In faceless assessment now, how to reply the notices and show documentary proof?

[@vivekkhurana4774]

It’s not assessment notices . Check it again

[@tanmay221100]

Sir, why can't we get the complete exemption of the rent amount paid ?

[@vivekkhurana4774]

U can under section 10(13A)

[@Mintuhimachalivlogs]

Hra and ration money is expt for armed force or capf please answer

[@tanmay611]

Usually we upload the rent receipts on the company portal. If we dont do that but later file for exemption during ITR, will it cause any issue ? What proof do we need for claiming HRA?

[@vivekkhurana4774]

Rent agreement, rent receipt, payment details etc

[@srinivasbulli]

I have to yearn mony and pay tax ,so government will give money for free bee schemes, if my helth is damaged or lost my job i wont get any benfits,even i am a tax payer ,but in other countries its not lik that

[@vivekkhurana4774]

Think all this at the time of giving your vote

[@arunbalukumar1982]

can you pl tell where should the EPF amount with drawn after 6 yrs of service be shown in ITR and its section and is it taxable.

[@rajivsanthanam1]

can we show rent agreement and bank statement as proof of rent paid

[@casansaarca]

Yes

[@prakashwalke7155]

Medical reimbursement amount whether taxable or not and how to mention in ITR.

[@AjayKumar-gu4er]

Medical reimbursement is not a salary part. Hence it is non taxable. I also have the same situation.

[@vivekkhurana4774]

It’s not like that. Check proper provision. Allowance or perquisites etc.

[@AffiliateGuruZone-so2zp]

I think this is total non sense wny dont they show us the documents for the process they ahve mad

[@mohammedzakirali6850]

Sir, i am central govt salaried employee, i have already paid tax of 30k in the form of TDS, form 16 provided by my employer shows a deduction of Rs. 44438 under section 80 CCD(2), but when i am filing income tax returns, and entering same amount under 80 CCD(2), it is showing that deduction u/s 80 CCD(2) is more than deduction details provided by the employer. What should I do now sir?
Kindly help Sir

[@charanjeetsingh7302]

Ignore it

[@YUw2320]

My rent agreement is in the name of my wife & woner and i pay the rent that can i claim for house rent exemptions?

[@sankarankarthikeyan1295]

Yes u can claim provided your spouse should not claim

[@knatarajan8450]

I have been denied 10BE by Army Welfare Fund bcs I did not approach them before 10BE. It was their duty to complete the formalities and help the donors I thought. Can I be denied the exemption ?

[@vkagrawal1299]

What is the purpose of Signifant Financial Transactions in AIS. This information is always wrong as it captures new transactions without linking to matured capital reinvested. Any use ?

[@vivekkhurana4774]

Yes it’s not 100% right but Govt is trying to link more and more

[@rohanparsekar2770]

Hi sir,
I have one question
I pay mediclaim that is of me and my mom
But its in my moms name meaning pan card is of moms and she does not file IRT
I make the payment every year.
She is below 60 years
Can i claim that in my tax return?
Also i trf amount to my moms ppf account
Can i claim that as well?
As mom does not pays tax

[@casansaarca]

Yes

[@aditynaik7957]

I lost ₹1.5 lacs in f&o trading in FY 2022-23, Can i claim this losses in ITR ? I meant can i deduct this amount from my yearly earnings? How to claim losses from stock market?

[@yashodhanmuzumdar5026]

Sir this is due to malpractices adopted by IT return prepararers. Recently in Hyderabad and earlier in Mumbai they used to claim bogus refunds based on bogus documents. This is going on since 1980 .

[@casansaarca]

ohhh

[@ranaajit]

This is to engrave tax filling individuals to adopt new tax regimes.

[@narenderdhanna5044]

Madam, by mistake i paid self assessment tax now i can revised return to take money back which is given to income tax department kindly help me Regards

[@casansaarca]

yes

[@sarathipraveenkumar1072]

where can we find the notifications related to these news...

[@casansaarca]

www.casansaar.com/news-Income-Tax/Income-Tax-Dept-serves-notices-to-salaried-individuals-for-documentary-proof-to-claim-exemptions/13169.html

[@shivendradutta5664]

Sir last year maine parents ka medical expenditure mein claim kiya tha...but is saal nhi kiya toh kya us wajah se last year ke deduction ka koi notice aa sakta h kya??pls guide

[@casansaarca]

Not Like That.

[@shivendradutta5664]

Thank u sir for your reply 🙏

[@vivekkhurana4774]

🎉🎉🎉

[@suvamoybanerjee9213]

Madam I neither recive HRA nor live at company accommodation , I perform duty from home which is mother's name,a house wife. I pay money Rs 3500 / month online to the my parents joint account mentioning' EXPENDITURE ' . Father retired PSU employee 2300 pension plus 6000 interest per month. No itr filings by my father after retirement .15 H form submitted every year.Is it possible to show the abovesaid transactions as rent payment to parents .any agreement copy require, please help me

[@soulsidhu]

Election 2024 fund collection process

[@sunilkumarsharma4300]

अनपढ़ वृद्ध व्यक्ति आइ टी आर कैसे जमा करेगा

[@casansaarca]

Online can do with the help of consultant

[@singh.nisheeth]

What happens if I dont have proof?

[@vivekkhurana4774]

Scrutiny, More tax, penalties etc etc

[@singh.nisheeth]

@@vivekkhurana4774 Please elaborate , my landlord never gave any rent receipts and they never renewal the agreement that expired. What is my fault and how do I solve this?

[@DeepsaranS]

@@singh.nisheeth You can speak to him and renew the agreement yourself and get his signature.

[@singh.nisheeth]

@@DeepsaranS I moved to a different house, he sold his property and moved to US. I spoke with him and he has no interest in helping. This govt is pathetic only creating for poor salaried people who are paying taxes.
Why doesn’t IT department go after those who don’t pay taxes?
We are always the ones dying under stupid policy

[@alancan83]

U r screwed

[@amar369369]

Bjp ku hatao apany aap ku bachao