▲ 3 r/IncomeTaxReturnIndia+1 crossposts

Unable to feed deduction of conveyance allowance

Hi everyone.
I was abt to file my itr in new regime. I came to know that conveyance allowance is exempt if it was used for official purposes.

I tried filling it up on portal in the deduction column. The amount filled is exactly same as the amount filled in breakdown of salary under conveyance allowance head.

On validation it shows error that the amount cannot be greater than the allowance given.

If I don’t get exemption on this allowance I have to pay additional tax because of dividends and stcg. If I get then I save on this extra payment.

Someone who has any experience or idea to handle this situation!!

reddit.com
u/Ambitious-Weird-1960 — 23 days ago

Comaparison of new and old for last FY

Hi everyone.

I’m sure this question must have come across all salaried person here.

I am salaried and have various deductions like home loan, 80C, health and various other allowances under old scheme. I also have some LTCG and STCG.

I want to compare that which regime would be beneficial for me. On the ITR website if I opt for old and conitnue and later before filing if I realise it’s not worth then can I revert back to new?

Or any other better website or tool where they cater for all the deductions possible and then suggest me.

I also want to know that should I file ITR 1,2 or 3. I have been filing ITR 3 last few years because of salary and LTCG STCG.

reddit.com
u/Ambitious-Weird-1960 — 1 month ago

Comaparison of new and old for last FY

Hi everyone.

I’m sure this question must have come across all salaried person here.

I am salaried and have various deductions like home loan, 80C, health and various other allowances under old scheme. I also have some LTCG and STCG.

I want to compare that which regime would be beneficial for me. On the ITR website if I opt for old and conitnue and later before filing if I realise it’s not worth then can I revert back to new?

Or any other better website or tool where they cater for all the deductions possible and then suggest me.

I also want to know that should I file ITR 1,2 or 3. I have been filing ITR 3 last few years because of salary and LTCG STCG.

reddit.com
u/Ambitious-Weird-1960 — 1 month ago
▲ 5 r/TaxPlanning_India+2 crossposts

Comaparison of new and old for last FY

Hi everyone.

I’m sure this question must have come across all salaried person here.

I am salaried and have various deductions like home loan, 80C, health and various other allowances under old scheme. I also have some LTCG and STCG.

I want to compare that which regime would be beneficial for me. On the ITR website if I opt for old and conitnue and later before filing if I realise it’s not worth then can I revert back to new?

Or any other better website or tool where they cater for all the deductions possible and then suggest me.

I also want to know that should I file ITR 1,2 or 3. I have been filing ITR 3 last few years because of salary and LTCG STCG.

reddit.com
u/Ambitious-Weird-1960 — 1 month ago