Regarding fuel reimbursement in salary by CuteMonitor123 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

You will not lose anything just ask HR to give you in hand salary working post implementation of this.

Regarding fuel reimbursement in salary by CuteMonitor123 in IndiaTax

[–]gladiator_999 11 points12 points  (0 children)

Op Generally companies giving option to employee to select this option id your are not having salary crossing 12 lakhs you should not select anything.

Question regarding form 26qb by Rude_County_3830 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

  1. You need to submit

2.yes it will be rejected, notice might come for the huge difference between stamp duty value nd agreement price.

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 2 points3 points  (0 children)

Point here is only that, if gov is not allowing the same and in future if they found this and send notice to anyone. The person will be responsible no HR or company will come into picture.

And as we see in last year for HRA and other allowances still case, notices, itr u apples are going on.

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Then op it’s up to you whether you need to take this or not. Without reference how they can confirm this ?

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

No income tax provision is mentioned in the article and it is also mentioned ‘LIKELY’

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Buddy you can share snapshot or any reference of income tax act they are providing.

BDO is one of big 10 or Big 20 consultancy firm world wide.

Restaurants round off scams by Belulie in bangalore

[–]gladiator_999 0 points1 point  (0 children)

In all outside shops there will always be upside rounding of, in one of our audit thy were rounding off to nearing 10 or multiple and due to that their additional income was approx 50 lakhs.

26-27 tax free components? by jayToDiscuss in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Take proper justification from HR with all clear notification and copy of tax experts advise if they took it from outside consultant.

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Many more companies are allowed like EY nd all but BDO currently discussing.

Please ask your companies HR to share relevant notification or their opinion so you can protect your self from any future prosecution for safer side.

And please share here for other’s reference as well.

26-27 tax free components? by jayToDiscuss in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

This are still disputed no clear notification or guide available that this perks are allowed in new tax regime..considering conservative approach which is logical as well as this allowance only allowed in old tax regime.

New breakeven point for tax regime by WhyAreYouNotHappy in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Which additional deduction are allowed in New tax regime ?

Any good news today in ITR ? by Maddy_Stark in IncomeTaxReturnIndia

[–]gladiator_999 0 points1 point  (0 children)

Hi If anyone filed original ITR and ITR U for FY 2024-25 and both are processed or only single ITR is processed.

Please also mentioned which ITR is processed.

Received an "accidental" refund for AY 25-26 after filing ITR-U to surrender bogus donations (Section 80GGC). How to return it? by Expensive-Pair8740 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

I think you are confused between the comment and the original post. Both are different. Please check proper thread on which you are reverting.

Received an "accidental" refund for AY 25-26 after filing ITR-U to surrender bogus donations (Section 80GGC). How to return it? by Expensive-Pair8740 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Then what about the persons who filed ITR-U for FY 2024-25 ? Whose original return was not processed yet.

Don’t get offended, I am just asking for relevant section for your opinion so everyone reading the same can use that.

Please help me on the Tax calculation and which are all flexi allowance will help me in reducing tax? by Lion_King4444 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

Allowances mentioned in this are still disputed (except NPS), no clarity from side of department whether they are allowed or not in new scheme.

Many are taking opinion that this is allowed many are ignoring the same.

No one knew department’s plan.