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Mihir Tanna  | Answer  |Ask -

Tax Expert - Answered on Feb 23, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
janmajay Question by janmajay on Feb 09, 2023Hindi
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I earn 1700000 per annum. I have a home loan principal repayment around 170000 and interest 42000, have deduction in Nps of 50000, mediclaim of 12500, lic premium of 61000 and child education fee of 72000 per year. which tax regime will be better for me. please advise. Thanks

Ans: Person having taxable income of 17 lakhs and eligible to take deduction of 3.04 lakhhs lacs from housing loan/80C/80D/NPS, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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