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Nidhi Kanabar
This Query has 1 replies

This Query has 1 replies

16 July 2024 at 13:09

SEC 44AD AND SEC 44AD 3CR LIMIT

partnership firm having turnover 2.46 cr and Profit is 3% , firm receipt and payment is from banking channel ,weather firm is liable to tax audit?


suresh s. tejwani
This Query has 2 replies

This Query has 2 replies

If E way bill was not generated and order of DRC-07 was issued containing penalty of 200% of tax amount u/s 129(3) of CGST act as the goods in transit were exempted goods
Penalty was already paid by assesse by cash ledger
So now appeal can be filed against such order?
If yes is there any format of statement of facts and grounds of appeal available?


uma sharma
This Query has 1 replies

This Query has 1 replies

16 July 2024 at 12:45

Interest income unsecured loan

If i have received 10500 per month (126000pa)interest from a salaried person . Do that person if required to deduct tds
And also rebate is available to me for intt amount


Sivasankari Nainar
This Query has 1 replies

This Query has 1 replies

My brother residing USA and when filing ITR found that
115A(1) (a)(iii) -Income received in respect of units of UTI purchased in foreign currency
but he didnt purchase any
can we delete and proceed or what can do?


D M
This Query has 5 replies

This Query has 5 replies

Hi All,
Is there any website or any reference guide for Individual Taxation Rules which can explain any new rules or taxation laws for any layman to understand the Filing Income Tax for Individual. For example there is 10% Surcharge for income above 50 lacs etc . Any website which can explain clearly with examples or calculate it for you with all latest rules showing the workings as well.

Really appreciate your help.

Thanks,


Nikhil Sharma
This Query has 3 replies

This Query has 3 replies

16 July 2024 at 10:13

Reporting f&o loss jn ITR-3

Dear Experts,
We have f&o loss, in ITR3 of trading Account should I report sale value of f&o in other operating revenue ?? And at serial 12 (A) turnover from intraday (b) income from intraday. Should report only f&o turnover in 12(A) with -f&o loss in 12(B). ??

Pls suggest

Thanks


Noir Velma
This Query has 1 replies

This Query has 1 replies

My employer has included a certain amount of money in my income called "Tax paid by employer on behalf of employee", though this was never received by me. They have also shown this amount as an exemption in my form 16.
I also observed that the total TDS deposited by me (as shown in AIS and form 16) is the total income tax deducted from my salary plus this amount of "tax paid by employer on behalf of employee".

My query is - is this the correct way to handle tax paid by employer on behalf of employee. Should it be included in the TDS?
Should it be included in my salary, if yes should it be exempt while calculating taxes? What is the reason for that?


Ajay l
This Query has 3 replies

This Query has 3 replies

16 July 2024 at 08:56

Rent Income from House Property

I stay in ancestral property. I have one property jointly owned by me and my wife which is rented out. what will be Income tax treatment for rent received, property tax paid, and repairs expenses? Can any one of us claim such property as self occupied?


k chakraborty
This Query has 1 replies

This Query has 1 replies

16 July 2024 at 04:28

Salary received without deductions

an assessee received salary from local body as a casual worker, which is below 250000, hence no tds was deducted by the employer. Now Assessee also have business income, hence he is filing ITR 3.
IN the salary details section -Salary as per 17(1) it says "as per form 16/ AIS".. now as there is no form 16, should he just put his actual salary from payslips here?


Sanjay Gangapuram
This Query has 1 replies

This Query has 1 replies

I am getting the following error :
Error :Deduction u/s. 54EC claimed here (Table D) should match with total of deduction(s) claimed in respective asset.
Please help







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