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RAJA NANDI
04 July 2024 at 01:16

80CCD (2)

My query is ,
My uncle retired from a PSU in June'2023. Employer shown a deduction of Rs. 71130 u/s 80CCD(2) in Form 16 part B (TRACES) and deducted the TDS accordingly. Now when I am going to file the return AY 2024-25(FY 2023-24) in ITR 2 , System is showing "Amount eligible for deduction under section 80CCD(2) = Rs. 0 "
why is this happening ?

1) retired person is not eligible to claim deduction u/s 80CCD(2) ? (then how the employer show the deduction amount in TRACES Form 16 part B ? )
OR
2) it is a system fault ?

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PARAS CHHAJEDpro badge
03 July 2024 at 21:03

AUDIT BY CAG

Is a return of income processed by CPC u/s 143(1) subject to audit by CAG while auditing the assessments made by the Jurisdiction Assessing Officer?

The audit party carries out audit of assessments made by the Assessing Officer to check if there is any leakage of revenue.

Facts : a return of income of a company was filed well within the due date and the same was processed by CPC with no demand no refund. There has not been a scrutiny assessment against this return. While carrying out audit at the office of the jurisdictional assessing officer. A scrutiny assessment of a return of succeeding year was done by JAO and while audit of that assessment the audit party found that there has been an amalgamation of another company in the preceding year in terms of approved scheme and shares were allotted to the shareholders of the amalgamating company. The audit objection is with reference to valuation of shares.

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Sachin Kumar
03 July 2024 at 20:48

Software income tax return

which is the best software for filing income tax return ?

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TRUPAL PANDYA

Sir,
We have done export under LUT without IGST but such shipment has been return to India so please let us know that we have to pay IGST on such return shipment or not?

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Hemkumar
03 July 2024 at 13:24

DIN NUMBER IN GST NOTICE

When it is compulsory to quote DIN number in GST Notice and other related communications ?

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nagendran kelath

Sir, kindly inform the provisions/rules under which the TA on retirement to Central Government Employees is exempted from Income tax.Please specify whether all the components of TA like CTG, Transportation of personal effects and Transportation of conveyance are exempted

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Rima Kapadia
01 July 2024 at 10:21

Superannuation fund audit

Is there mandatory to audit of superannuation fund? Superannuation fund is approved. If yes in which section?

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memon javed

GST CERTIFICATE IS AVAILABLE FOR GST E WAY BILL ENROLLMENT U/S 35(2) ?
and IF available then How to Download it ???

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shrikant

Service Supplier provided foreign tour but deducted TDS is liable to pay GST ?

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Ashish Kumar Pandey
28 June 2024 at 12:07

Equalization Levy Form No. 1

Dear Sir,

If we have an Indian company, and not paid any Equalisation levy tax during the year FY 2023-24

it is mandatory or required to file NIL Return of Equalization Levy Form No. 1.

or any option available on portal for file NIL return.

Please suggest.

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