Call at 9150010300 team legal sahayak for paid ITR filing services Read More: taxupdates.cagurujiclasses.com/understanding-recent-change-in-itr-utility-for-rebate-u-s-87a-after-5-july-2024/ ________________________________________________ 💁🏼 cagurujiclasses.com 📞 Call at 9150010400 (only for courses)
All processes are made complicated unnecessarily so that individuals cannot file correct return. Depends on CA or tax consultant. The irony is status shows the taxpayer has filled it and CA is out of focus.
Bilkul aisey hi housing loan intt. On let out property main se bhi 24 section ki deduction mil rahi hai par yadi intt. Jyada hai or house property ki income minus main ja rahi hai to wo minus intt. Ki figure kisi our source se set of nahin ho rahi hai even in current year main bhi nahin or set of loss (intt. On house loan) carry forward bhi nahin ho raha hai agley saal se set off ke liye , yaani na to current year and na hi agley saal set off hoga
Hello, will the 7L limit as per new regime for no tax (with 25k rebate) applicable for HUF also? In case, if I receive all 7L as a gift from my friend as initial funding in my newly opened HUF account. Will this case be treated for 0 tax same as like for individual taxation.
इसलिए कहते हैं की स्पीकर or वकालत मे बहुत अन्तर हैं. जो स्पीकर हैं वहाँ कभी सही वकालत नहीं कर सकता or जो वकालत करता हैं वहाँ अपना ज्ञान किसी को नहीं देता हैं.
@Rajaji72727 special income wale ke liye jitni earning ho tax file krna padta hai. Old tax regime me apka 87A 12500 tk tax pura exempt ho jaega. waise itne ammount k profit per tax file nhi bhi kroge to koi puchhne nhi wala
@@bittuu1878Short term capital gain 3lack12hjar hai or long terma captain gain 56 hjar hai total 3.68 lakh hai or f& o me 12 hjar loss h to kitna tax bharna pdega kisi ko b idea hai....?
Sir, probe your memory. After 87A threshold expiry, in old regime, the normal slab rate above 5.0 lakh was 20%. Slab rate above 10 lakh was 30%. But, Spl rate for equity LTCG was 0% or 10%. Spl rate for equity STCG was 15%. Note that the spl rates, in view of very high risk, were always kept LOWER than slab rates. Now trickery starts. In new regime, slab rate upto 12 lakh is 5%, 10%, 15%. Thus, slab rate is now lower but spl rate is now higher. Equity LTCG and STCG rates have not been reduced proportionately in new regime to keep them lower as earlier. Thus, the LTCG and STCG rates are rendered NOT LOWER than slab rates. The high risk evaporates. Equity is treated like a shopkeeper commodity. Equity investors, who are special voters, notice the trickery. Income is gained from salary, interest, and equity LTCG, STCG. New Tax threshold is 7.0 lakh. You do not tax below 7.0 lakh interest or salary income but levy tax on below 7.0 lakh equity CG income. This is pure discrimination, not permitted under Constitution. Equal treatment is being denied. Those who make discriminatory rules or law, are reneging on their Constitutional oath. You have power to make only those rules, which are compliant with Constitution.
Income tax is looting the tax payer in anyways , previously they impose penalties if you didn't provide advance tax to them and now this . Also there portal have too many glitches. Yesterday i fill whole ITR and go to submit and after some time it shows no itr filed with pending ITR with no filled information.
This confusion is due to sheer incompetence of the persons handling such mportant financial matters. In the name of simplification more and more confusion has been inducted in the system by the confused authorities.Some one may dare to ask the concerned authorities, what was the need for induction of the new regime unnecessarily . This new system has left no inspiration to save.Further if govt intended to pass on the benefit of lower taxes of taxes to the people, it could have been done so thru the old system itself. At least it would have kept intact the much needed saving culture among the. middle class people for their rainy days
Madam, I filed my returns yesterday in form 3 in old regime because I had LTCG and my taxable income was less than 5 lac yet I did not get rebate u/s 87A, i had to pay tax of around 12k
Please provide clarity on this point. My taxable salary is under 5 lacs as per old regime and long term capital gain is 36000 still utility informing tax of rs 14000.
I think such like order should be issued at the time of particular financial budget not whimsicaly amid return filing going on without clarification. So jointly oppose this order.
There is no pre and post .who file retun before 5 july they get notice for demand on short term capital gain income. Retun file date 6 june still received notice.
In short, what i understand we have to pay tax in new tax regime for share capital gains (short term, long and intraday) in all cases, please confirm.. Thanks.
Itr2 with duely e verified on 21/06/24 where as as per previous norms rebate was claimed as per IT portal for both income of Rs450000/- under normal tax rate & income of Rs10000/- under special rate ie. Short term capital gain. As per norm on 5th July No rebate will be available under sec 87a for short term capital gain. Accordingly as per status of Return showing under processing till today. Please kindly advise whether I will wait for demand from CPC or I will submit revised return.
But utility to 13 July ko update hui.... 5 se 13 ke beech me jisne file kri hogi, unka kya hoga? In dates ke beech me utility update nai thi, tb bhi rebate mil rhi thi, ye to 13 se update hui na
Postoffice time deposit total anuual interest income 93819 h toh kya ise bhi other allowance me show krna pdega, krne pr 4000 ka tax aa rha h but total income 500000 se km h
Over taxing has become heaven to governments and they are enjoying their games of politics to sustain in power. People have to bring change in governments to see the stoppage of this over taxing. We see presently all nepotism and friendship game is attacking our hard earned money by imposing huge taxes which is causing us poor and poorer.
Rebate of 87A is not available in Old regime now, after watching your video I filed form 10IEA then i try to file in old regime for rebate upto 12500 but its showing tax payable at special rate and now i don't have option to take new regime
@@CAGuruJi thanks for your revert Loss in FnO, STCG 151258 LTCG 277295 (before reducing 1 Lakh), other sources 15490 After set off losses net income 177295 @10% 102660@15%
@@CAGuruJi Thanks for your revert FnO loss 64088 STCG 151258 LTCG 277295 (without reducing 1 Lakh) IFOS 15490 After set off losses and 1 Lakh of LTCG STCG 102660 @15% LTCG 177295 @10% income taxable @ special rates without the benefit 12500 but income tax calculator on IT portal is still adding rebate of 87A
If some one has annual paension plus bank interest lesser than 7 lacs, will not he get rebate under 87 A, being his net taxable income less than 7 lacs in new regime.
Mam yadi kisi ki income keval stock market se ho.. Aor use 3 lakh short term capital gain ho new tax slab se fy 2024-25 kya use tax dena pdega...itr fill krna jrurui hoga
My real auntie is 76 years old and my uncle is no more.They are issueless(No children) and now a days my auntie is not well so she wants to give me some money lying in her sb a/c which is more than 50000/ - .In this case Tax Guru please let me know whether thus amount will be taxable or not. We are relatives under section 56(2)x or not.The transaction will be done through NEFT.
Call at 9150010300 team legal sahayak for paid ITR filing services
Read More: taxupdates.cagurujiclasses.com/understanding-recent-change-in-itr-utility-for-rebate-u-s-87a-after-5-july-2024/ ________________________________________________
💁🏼 cagurujiclasses.com
📞 Call at 9150010400 (only for courses)
Mam salary and sip redeem ki h plz suggest me konsa itr 1 ya 2 fill Krna h
@Rajaji72727Apko itr file krna mandatory nhi hai
ITR 2
Normal income main new regime main rebate milega yeh nahi
चुनाव के बाद का बजट है तीन साल लूटेंगे
फिर दो। साल रेवड़ी बांटेंगे
Calculating of tax liability in India is really a headache
Kindly get good consultation
@@jayashreeverma2852 corporate tax decreasing and middle class life becoming hell day by day
With good consultation fees@@jayashreeverma2852
All processes are made complicated unnecessarily so that individuals cannot file correct return. Depends on CA or tax consultant. The irony is status shows the taxpayer has filled it and CA is out of focus.
जनता पहले ही महंगाई से परेशान है l अब सरकारों ने जनता को लूँटने का नया तरीका बनाया है l
RAHUL LAO. DESH BACHAO.
Guys earning higher incomes from higher rate applicable income only are charged.
Ye BJP wale langot bhi nahi chhodege
@@7345anilchutiya kaatenge aur usake ilaaj pe bhi gst lagavayenge
Thanks for the explanation.
Utility is again updated on 13th July. Please include that changes also..
Middle class now pay tax only , inflation is return only 😢
Become lower class, so you will get subsidy with one dozen children.
Govt ही पूरी confused हैं 😁😁
Confused & Confused
government ko zyda revenue chayes
Total Collection badhna hai govt ko😢
बीजेपी सरकार हमारा खून चूस कर सरकारी खजाना भरेगी ।
और कांग्रेस सरकार वही सरकारी खजाना से अपना फायदा निकल लेगी।
जनता का कट जायेगा
Government smart hai.. confus to taxpayer ko kr diyaa 😊
Thanks Madam for your information because I am also facing this problem while filing after 5th July 2024
Beautifully explained in a clear comprehensible knowledge and diction. 👌
This is totally torture on middle class taxpayers 😡😡😡
Appke video very much knowledge full Orr saral language may hoti hay... Thank you Mam
कितनी भिकारी सरकार हे यार, अरे मेहंगायी कितनी होगयी हे, कुछ तो शरम करो. कितना टॅक्स भरे हम लोग.
प्रजा तंत्र खतम होगया हे भारत मे... 😡😡😡
Pooja ,you are excellent CA. as well as teacher.God bless you! Thanks a lot!
Income tax department ke samne cas karna chahiye.
What a shame, it appears finance team has gone mad 🤦. How they can do modification in the middle
This Cheating and looting from Middle Class. We are Tax Slaves.
Your explanation is good but pl also give examples working out in each slab above 5 lakhs & benefit to sr super citizens also
Mam, Very good presentation, Many many thanks.
गलत है सरकार का यह नया फार्मूला, अगर करना था तो अगले साल से करते
Apka All time update video is Awesome . we respect you alot❤ Thank you very much madam
Namaste Madam 🙏❤🙏 Apka reply reaction pa kar bahat achha laga. From_ B.Maikap, Tax N Law Care , Contai, West Bengal.
Very informative....u r doing such a great job by updating us about new notifications
Bahut badhiya jankari ji
आप रिच क्लास हो तो ३०% नहीं १५% भरो
लेकीन आप मिडल क्लास हो ५% नहीं १५% भरो .
अक्कल की कमी है डिपार्टमेंट मे
Thank you so much for such instant & regular Important updates...
Bilkul aisey hi housing loan intt. On let out property main se bhi 24 section ki deduction mil rahi hai par yadi intt. Jyada hai or house property ki income minus main ja rahi hai to wo minus intt. Ki figure kisi our source se set of nahin ho rahi hai even in current year main bhi nahin or set of loss (intt. On house loan) carry forward bhi nahin ho raha hai agley saal se set off ke liye , yaani na to current year and na hi agley saal set off hoga
Hello, will the 7L limit as per new regime for no tax (with 25k rebate) applicable for HUF also? In case, if I receive all 7L as a gift from my friend as initial funding in my newly opened HUF account. Will this case be treated for 0 tax same as like for individual taxation.
इसलिए कहते हैं की स्पीकर or वकालत मे बहुत अन्तर हैं. जो स्पीकर हैं वहाँ कभी सही वकालत नहीं कर सकता or जो वकालत करता हैं वहाँ अपना ज्ञान किसी को नहीं देता हैं.
हर रात हर दिन रूल्स अपडेट करते रहो,, क्या लूखुले आम लूट सरकार 🙆🙆
Very nice information ❤
Govt should not have introduced this while middle of filing ITR.
excellent explanation mam...
Very nice presentation 🎉
Thanks
@Rajaji72727 special income wale ke liye jitni earning ho tax file krna padta hai. Old tax regime me apka 87A 12500 tk tax pura exempt ho jaega. waise itne ammount k profit per tax file nhi bhi kroge to koi puchhne nhi wala
@@bittuu1878Short term capital gain 3lack12hjar hai or long terma captain gain 56 hjar hai total 3.68 lakh hai or f& o me 12 hjar loss h to kitna tax bharna pdega kisi ko b idea hai....?
Sir, probe your memory. After 87A threshold expiry, in old regime, the normal slab rate above 5.0 lakh was 20%. Slab rate above 10 lakh was 30%. But, Spl rate for equity LTCG was 0% or 10%. Spl rate for equity STCG was 15%. Note that the spl rates, in view of very high risk, were always kept LOWER than slab rates. Now trickery starts. In new regime, slab rate upto 12 lakh is 5%, 10%, 15%. Thus, slab rate is now lower but spl rate is now higher. Equity LTCG and STCG rates have not been reduced proportionately in new regime to keep them lower as earlier. Thus, the LTCG and STCG rates are rendered NOT LOWER than slab rates. The high risk evaporates. Equity is treated like a shopkeeper commodity. Equity investors, who are special voters, notice the trickery. Income is gained from salary, interest, and equity LTCG, STCG. New Tax threshold is 7.0 lakh. You do not tax below 7.0 lakh interest or salary income but levy tax on below 7.0 lakh equity CG income. This is pure discrimination, not permitted under Constitution. Equal treatment is being denied. Those who make discriminatory rules or law, are reneging on their Constitutional oath. You have power to make only those rules, which are compliant with Constitution.
Income tax is looting the tax payer in anyways , previously they impose penalties if you didn't provide advance tax to them and now this . Also there portal have too many glitches. Yesterday i fill whole ITR and go to submit and after some time it shows no itr filed with pending ITR with no filled information.
Thank you madam.
This confusion is due to sheer incompetence of the persons handling such mportant financial matters. In the name of simplification more and more confusion has been inducted in the system by the confused authorities.Some one may dare to ask the concerned authorities, what was the need for induction of the new regime unnecessarily . This new system has left no inspiration to save.Further if govt intended to pass on the benefit of lower taxes of taxes to the people, it could have been done so thru the old system itself. At least it would have kept intact the much needed saving culture among the. middle class people for their rainy days
INCOMPETENT MODI.
Madam, I filed my returns yesterday in form 3 in old regime because I had LTCG and my taxable income was less than 5 lac yet I did not get rebate u/s 87A, i had to pay tax of around 12k
Please provide clarity on this point. My taxable salary is under 5 lacs as per old regime and long term capital gain is 36000 still utility informing tax of rs 14000.
Why cofusion created by income tax department. Intentionally
kyuki vo pyaaz nahi khaate
@@farhanmadani2204😂😂😂
What about long term capital gain
Thanknyou for valuable content
Seriously creating more idiotic rules and people say rich people should not leave country
I think such like order should be issued at the time of particular financial budget not whimsicaly amid return filing going on without clarification. So jointly oppose this order.
Is section 87a rebate applicable on tax on dividend income from equity under new tax regime?
Good evening
Hi I think in illustration at 11:28 you have not given Tax Rebate of 87A on Normal tax after 5th July Colum Plz Check and do the needful.
Confusion-Gain-Tax!
Mera 24k dream 11 se june 2024 me deduct ho gya after withdraw...kya yeh refund hoga
Thanks madam for information
Thank you so much ma'am very informative video with understand 👌👍
How much Conveyance allowance can be exempted fy 23-24... ? 14:02 Latest order...?
Whether tax rebate under section 87 A for Short term capital gain will be available, if ITR is filed under old regime ?
Thank you CA Pooja
This Govt giving huge pain to Middle Class. Shameless BJP and Income Tax.
Madam ji, long term capital gain ko bi example se samjha do
एक बार 31.3. पुरा हो गया.. कोई बदल नहीं होना चाहिये.. For that f y
Manmargi hai kabhi bhee lagu kar do,Agar taxpayer late hue to penalty bharo,😢
Good information ma'am Tq..
ITR 2 main account charges aur Anya kharcha dikha sakte hain kya
Its not a good provision
Govt. Wants to trouble assessees
There is no pre and post .who file retun before 5 july they get notice for demand on short term capital gain income.
Retun file date 6 june still received notice.
Nicely explained. Just want to confirm that if I file my return in old scheme I can avail benifit of section 87(A) for capital gains.
Please advise.
What if we fill in old regime? Will we get rebate us 87a upto ₹12,500?
Yes as there is no change in old regime 👍
Only if you having capital gain
Rebate not received in capital gain old & new
Nice video. Fixed my query
In short, what i understand we have to pay tax in new tax regime for share capital gains (short term, long and intraday) in all cases, please confirm.. Thanks.
Dear mam,
Government employee ko New tax regime me travelling allowance ka examption milta hai ya nahi please guide.
Milta hai
Special rate tax rebate also closed in old tax system madam
no
Rebate 87A is applicable on HUF or not under new regime, but confession on act.
Mam you are the best❤
Old regime me file karo upto 5 lacs income.
Mam home rent pe h n home loan pe intrest more than 2 lakh h to intrest rebate kya 2 lakh hi milegi ya jitna intrest h utni?
Itr2 with duely e verified on 21/06/24 where as as per previous norms rebate was claimed as per IT portal for both income of Rs450000/- under normal tax rate & income of Rs10000/- under special rate ie. Short term capital gain.
As per norm on 5th July No rebate will be available under sec 87a for short term capital gain.
Accordingly as per status of Return showing under processing till today.
Please kindly advise whether I will wait for demand from CPC or I will submit revised return.
Explain 80ttb in new tax regime for senior citizens pensioners
If someone's income from stcg is 2.5l and he has no other income, what will be his tax in new regime ?
Joint venture ke liye Kaun sa itr select krna hai..?
PORTAL NOT WORKING PROPERLY....SINCE 4 DAYS
Yes😢
ITR bharate samay share purchase aur sel mein kaun kaun se kharche SST GST jod sakte hain kya
But utility to 13 July ko update hui.... 5 se 13 ke beech me jisne file kri hogi, unka kya hoga? In dates ke beech me utility update nai thi, tb bhi rebate mil rhi thi, ye to 13 se update hui na
Thank you
Debt fund ka income ko special rate income mana jayega kya ?
Maam, sec 87a ka effect agreculture income m bhi dikh raha h
Postoffice time deposit total anuual interest income 93819 h toh kya ise bhi other allowance me show krna pdega, krne pr 4000 ka tax aa rha h but total income 500000 se km h
Over taxing has become heaven to governments and they are enjoying their games of politics to sustain in power. People have to bring change in governments to see the stoppage of this over taxing. We see presently all nepotism and friendship game is attacking our hard earned money by imposing huge taxes which is causing us poor and poorer.
After 31st july late fees kitne lgegi new refige pe
Uniform allounce ko exempt me add nahi hone se notice ayga
Please On line game winning par BHI video banaye itr2 kaise bhare
We are confused Mam. I don't know how to calculate my tax liabilities. I have already submitted my return and verified it.
Old tax regime me special income me under 87A ME KYA 12500 KA REBATE MILEGA ?? JAB ME BHAR RAHA THA WHA ONLY 4255 KA REBATE DIKHA RAHA H ANSWER PLEASE
Rebate of 87A is not available in Old regime now, after watching your video I filed form 10IEA then i try to file in old regime for rebate upto 12500 but its showing tax payable at special rate and now i don't have option to take new regime
what is your income on which you are taking 87A rebate? under old regime
@@CAGuruJi thanks for your revert
Loss in FnO, STCG 151258 LTCG 277295 (before reducing 1 Lakh), other sources 15490
After set off losses net income
177295 @10%
102660@15%
@@CAGuruJi Thanks for your revert
FnO loss 64088
STCG 151258
LTCG 277295 (without reducing 1 Lakh)
IFOS 15490
After set off losses and 1 Lakh of LTCG
STCG 102660 @15%
LTCG 177295 @10%
income taxable @ special rates without the benefit 12500 but income tax calculator on IT portal is still adding rebate of 87A
In a AY why separate type of tax liability introduced? Same AY tax rate should be same up to July 31.Why such discrepancy?
If some one has annual paension plus bank interest lesser than 7 lacs, will not he get rebate under 87 A, being his net taxable income less than 7 lacs in new regime.
Clarification on grievance raised is itself misleading as there is no such section such as 87(1A) in Income Tax Act...
Very nice🎉❤
Matlab sarkar chahta ha log old tax regime me jaye😮😮
Koi garibo ke liye nhi sochta
Mam yadi kisi ki income keval stock market se ho..
Aor use 3 lakh short term capital gain ho new tax slab se fy 2024-25 kya use tax dena pdega...itr fill krna jrurui hoga
My real auntie is 76 years old and my uncle is no more.They are issueless(No children) and now a days my auntie is not well so she wants to give me some money
lying in her sb a/c which is more than 50000/ - .In this case Tax
Guru please let me know whether
thus amount will be taxable or not.
We are relatives under section 56(2)x or not.The transaction will be done through NEFT.
After 31st july new regime me late fees kitna lgegi
1000 and 5000 according to income
Ma'am Agr old regime me file kre to rebate milega ?
Haa
Worst tax system..
Exemtion limit 250000 lakh v khatm kar di kya mam??
To day I noticed that 87A rebate is not providing in old regim too.
Really???? 😢
winaman giving upto 12500 in old regime 111A cases
Hum ne I T R 3 Fill Kiya hai
Eror aa raha Hai
One Discription
Eror ko kaise Sahi kiya jaye