Your Taxes


I’m a daily subscriber of The Hindu BusinessLine . I’ve question relating to ITR-2 Excel kind supplied by the federal government for AY2020-21. Though I’m not a proprietor or a co-owner of any property, ITR-2 pops up with the message, ‘Home Property Particulars Obligatory in Schedule HP’. And after we point out the property particulars owned utterly by partner or others, the shape shows the sector worth for ‘your proportion of share within the property’ as 100 per cent. Why has it been made obligatory to say property particulars in Shedule HP of ITR-2 regardless that the property just isn’t co-owned or not in any of my family members’ title ? Learn how to take care of this? Is that this a bug in ITR-2 of AY 2020-21.

Jeevan Patil

I perceive that you’re attempting to file your tax return for Evaluation 12 months 2020-21, ie, Monetary 12 months (FY) 2019-20 and you don’t personal any home property in the course of the topic monetary 12 months. We want to point out that home property particulars haven’t been made obligatory for the aim of submitting of tax returns. Please use the hyperlink: tinyurl.com/itrutilities

The author is a practising chartered accountant. Ship your queries to [email protected]



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

10 Rakhi Designs Inspired By Quarantine Food Cravings 2020

Raksha Bandhan itself is a phrase which has it is which means hidden within the phrase itself. Raksha Bandhan is a competition...

Shivaji Raje : 5 Facts That will Amaze You [ and 5 You Cannot Ignore]

Chhatrapati Shivaji Maharaj was among the most progressive and sensible rulers in our country's history. There are countless tales of his bravery and innumerable stories of his victories. But there's always misconception where there is greatness. Some people have often considered him to be a cruel dictator while others have condemned him to be anti-secular. Chhatrapati Shivaji Maharaj is often referred to as Shivaji or Shivaji Raje Bhosle. He was born on February 19, 1630, in Shivneri Durg, Pune, Jijabai and Shahji Bhonsle. His father, Shahaji Raje Bhosale, was a high-ranking official at the Bijapur court. Shivaji was prepared for battle at an early age. Shivaji was a great warrior and strategist for India. 1. Amazing : He Was Extremely Secular

Vacationer Areas in India : 5 That Are Amazingly Superior [ & 5 That You Cannot Neglect]

India could also be very very quite a few – probably most likely probably the most quite a few of countries that...

Did You Miss These?

Madhuri Dixit shares a throwback video with Saroj Khan, reveals iconic tune ‘Ek Do Teen’ was choreographed in flat 20 minutes; watch video –...

Madhuri Dixit, who shared a detailed bond with late choreographer Saroj Khan, lately took to social media to share a throwback video the...

Amidst Global Troubles, MacArthur 'Genius Grant' Winners 'Provoke And Inspire'

This 12 months's MacArthur Fellows — recipients of what is generally referred to as the Genius Grant — embrace artists, scientists, dancers and...

Janhvi Kapoor calls sister Khushi Kapoor her ‘new fav DOP’; shares adorable pictures of the sister duo – Times of India

Ever because the COVID-19 lockdown has began, actress Janhvi Kapoor has been quarantining at dwelling with sister, Khushi and father, Boney Kapoor. Nonetheless,...

Simon Cowell breaks his back falling off electric bicycle, will miss this week’s ‘AGT’ live shows

MALIBU, Calif. – Simon Cowell broke his again Saturday whereas placing his new electrical bicycle to the check at his residence.The 60-year-old entertainment mogul broke his again...
%d bloggers like this: