Qurery on NPS, Brokerage on Real Estate transaction

Income Tax
1
  1. Employeer contribution to NPS in sec 80 CCD (2) is this correct?
    If I contribute .. to NPS its not deductible right.
    I have to speak to my Employeer to contribute for me.

Is the understanding correct?

  1. I also helped a friend of mine to sell his property. He gave me the brokerage amount.
    The sale is mentioned as 31st March 2025. but I received the money in bank transaction on 5th May 2025.
    Which AY should I mention this income?
    Should this be income be presumptive income? or normal income?

Thank you.

2

Hey @Vinayaka_prabhu

Let me answer to your queries one by one:-

  1. Section 80CCD(2) applies only to employer’s contribution to your NPS account. You cannot claim 80CCD(2) on your own contributions. Your own contributions fall under Section 80CCD(1) (subject to limits) and Section 80CCD(1B)(additional ₹50,000). To benefit from 80CCD(2), your employer must contribute to your NPS. You cannot claim this section just by contributing yourself.

  2. You should report your brokerage income in Financial Year 2025-26. However, you cannot declare this income under the presumptive taxation scheme, as commission or brokerage income is specifically excluded from eligibility for presumptive taxation.

Hope this helps!

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