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Ans: In that case you have 1st option to revise the return U/s 139(5) untill it is processed with updated details.
2. you can file rectification request when CPC revert you with the mismatches in your filed return and available AIS/TIS etc.

Ans: Provided details are incomplete for reply, share complete details then only can guide you.

Ans: hi as you have withdrawn your pf after resignation, then your PF account is already closed and you will not get any interest. another point of interest if your invested post 98 - As per rules all accounts active or inactive will get interest untill the age of investor is upto 58 years, post that interest will not due on accounts become inoperative after 3 years of last investment received in the account.
in your case you have withdrawn the pf balance means account is closed.

Ans: AS per Sukanya samriddhi scheme rules only resident indians can invest in you case as and when you become NRI you are not eligible for future investments.
another thing your existing balance in SSY account will generate interest till maturity as same was opened and invested in the status when you were resident indian however post NRI status your interest income from SSY account will be taxable as per rules.

Ans: salary income of Rs 9.00 you have to pay approx tax of Rs 41,600.

Ans: hi,
your question is very vast but trying to reply in simple words,
beneficial of tax regime differs person to person as per the type of income and invesments done by the assessee.
however new tax regime is promoted by the government with vast benefits with very low paper works but it doesn't mean that it will be beneficial to all assessee.
I found many cases while filing of Tax returns where old tax regime was beneficial for the assessee.

Ans: hi,
in income tax calculation of tax is based on slabs and tax regime choosen by the assessee i.e. old tax regime with dedutions of chapter VI or new tax regime without deductions.
if i assume that you have choosen new tax regime then your tax liability will be Rs 1,45,600 approx.

Ans: your question is not very much clear but trying to reply you.
your net of tax income will be Rs 4455600 with assumption of salary income & AY 2025-26 in new tax regime,
savings depends on your life style and locations you preferred.

Ans: your total tax payable will be Rs 4,21,200 approx considering AY 2025-26.

Ans: no any such deduction is allowed

Ans: hi, CTC stands for cost to the company which includes many things like HRA, LTA, Bonus , EPF & Gratuity, so with this information correct tax calculation is not possible however tax will approx 4,36,800 (under new tax regime) in case taxable salary considered 24.00 lac .

Ans: hi,
there is no any such restrictions in the case of relatives to receive Cash gifts and how many number of times, as it is fully exempt.
Relatives are as per Section 56(2)(x) like spouse, brother sister etc.

Ans: hi,
yes you are liable to pay LTCG as transfer of share in inherent property is also treated as asset in Income Tax Act.
in your case you can use Fair market value for the base year for calcuation purposes i.e. for 01/04/2001.
Thanks

Ans: as per details shared & calcuations done by me there is not capital gain in your case so investment done in REC Bonds not required in your case.
And no capital gains tax in your case.

Ans: hi,
there is no way to avoid tax you can do tax planning by investing in allowable options as per Income tax Act as your transaction is exactly completing 24 months will attract Long term capital gain.
eligible options like buy another residential property (Section 54) or Invest in 54EC Bonds (NHAI/REC Bonds) etc.
thanks

Ans: hi sandeep ji,
as per details amount received by your mother is her share in father house which is gift received from relative i.e. father is fully exempt.
but if money received is as co owner in the property i.e. father’s ancestral property then capital gain attracts and same will be taxable.

Ans: no any such exemption of other loans from friends etc in your case.

Ans: No any deduction of 80u is allowed in new tax regime.

Ans: hi,
as per details Governemt will not deduct any tax from your earnings, bank is deducting the TDS as per rules, next step is to pay balance tax as per calcualtion on tax regime choosen by you i.e. old tax regime with chapter VI benefits or new regime without deductions of chapter VI.
thanks

Ans: hi,
in your sister case LTCG will be calculated where cost of purchase will be cost of purchasing property by you i.e. cost of purchase by previous owner.
2nd you have option to select with indexation benefit Tax @ 20% or without indexation at 12.5% flat.
thanks.

Ans: Hi,
Your question is not clear.
Thanks

Ans: hi,
Yes Income Tax department has allowed deduction of HRA for 2 eligible houses provided you should have proper records for validation like rent receipts, actual payment details etc.
And eligible amount of HRA calculation is based on your Rent paid, Basic Salary, period of tenancy & Location of houses.

Ans: Hi,
if PF is not deducted from your salary then same will be credited to your account by your company in salary of the concerned month.
And for PF withdrawl you need to process the steps on the PF website https://www.epfindia.gov.in/ with your UAN number.

Ans: No Capital gain will be applicable if the plot is purchased with the view for construction of house for residential purposes on the same as per the time limits allowed Under section 54, else you have to pay Long term capital gain.

Ans: Yes you have to pay tax on Short term capital gain, being special tax rate income is not covered in rebate U/s 87A.

Ans: for current financial year Rs 608400 will be tax liability and for next financial year it will be reduced by Rs 85-90K approx.

Ans: Hi,
There will be no tax liability to you, basis only interest income of 6 Lacs, as under net tax regime no tax upto 7 Lac.

Ans: Hi,
The expenses made for daughter wedding is personal nature expense which is exempt in nature from tax.
only accounting entry in capital account will be passed to give the effect of expense & same will reduce your capital contribution of assessee in the business.
Happy to help.
Thanks.

Ans: hi,
for this particular financial year you will be taxed under 2 heads ,1st under salaries for the period you were in job & for remaining part you will be taxed as business income being started freelancing work.

And for freelancers there is no any specific dedutions however all deductions available to all others are available to freelancers like 80C to 80G.

For calculation of taxation of freelancing period you should record all your receipts & expenses (only related to work, no any personal expenses) details with proper documentary evidences specially for expenses part, net of the (receipts & expenses) will be your income however you can opt for presumptive taxation also.

For Advance payment :-
if tax applicable to you during the finanical year as per calculations exceeds Rs 10000, then your have to pay advance tax quarterly as below
on or before 15th june :- minimum 15% or more of tax amount.
on or before 15th september :- minimum 45% or more of tax amount.
on or before 15th December :- minimum 75% or more of tax amount.
on or before 15th March :- full 100% tax payable as per calculations.
Happy to help.
Thanks.

Ans: hi,
All 3 investments have different tax applicabilty, details are as below.
1. withdrawl from PPF is Exempt from tax.
2. Investment in mutual funds taxed as Short term capital gain or Long term capital gain applicable at the time of withdrawl & depends upon the duration you invested in the fund.
3. Pension plan :- for government employees commuted part of pension plan at the time of retirement is tax free and monthly pension received by the employee post retirement is taxed as per normal slab rate.

Conculsion :- For shifting of any investment depends upon your wish and evaluations regarding returns & investment restirctions, like PPF is having restriction of Rs 1.50 Lac in a year with fixed interest rate where as in mutual funds it depends upon market situations.

Ans: Hi,
Get the legal hier certificate from court and got name of the child updated for property owner, then only she can sold the property in future as per need.
for this you have to approach the court for appointing you as guardian also till she is minor.
for detailed procedure you should consult lawyer practicing in court under jurisdiction.

Ans: Hi capital gain attracts at the time of sale of property not at the time of purchasing property.
No capital gain on property purchase.

Ans: Hi,
If no income in transaction than there will be no income tax, as in your case no interest so no income tax leviable.
Happy to help - Thanks.