Hi,
My employer had a superannuation fund . Later it was transferred to NPS. Further contribution from employer went into same NPS account. On my retirement as per the rule I bought an annuity pension from the required portion of the NPS corpus through an annuity service provider. My questions :
1. Can I report this pension under salary head in ITR to claim standard deduction?
2. If yes, what should I mention as Employer Name for the same ?

Sir,
A person who registered in GST as a trader and have rental income from residential house property,
then he will be liable to raise a GST invoice on rental income. If not liable to GST invoice then how to show rental income in income tax retrun.

Thankin Yoy

Dear Sir,

I received a notice under Section 147 about a year ago for the 2015-2016 fiscal year for not filing my returns, but I did not respond for an entire year. They sent multiple reminders, but I ignored them based on advice from some people.

Meanwhile, I received the latest proceeding under Section 147 with some penalties a month ago, asking me to submit a response.

Yesterday, I received a notice under Section 271F with a penalty of Rs. 5000/-.

My question is, do I need to pay the amount as per the Section 147 proceedings or the Section 271F notice penalty? In the Income Tax outstanding demand section, I see notices with different amounts.

Please advise.

Thank you.

Sir/s, Namaste


Is it mandate to opt by filing any form for 115BAC for AY2024-25

Suppose X purchased a plot in the year 2008 for Rs 8 Lakh and converted it into stock in trade of his business of Real Estate in the year f.y. 2011-12. Such Plot after conversion is sold in the year f.y. 2023-24. and purchase a new residential house. 54F is applicable from the date of conversion i.e. from 2011-12 or from the date of sale of stock i.e. from 2023-24?

UPI linked personal credit card spend in own shop swipe machine or QR code

A loan or expense?

In a recent case law Synergia Lifesciences Pvt. Ltd Vs DCIT (ITAT Mumbai) tribunal has allowed for deduction of csr expenses.
Is it applicable to all companies.
Can a company opting for 115BAA claim csr expenses deduction under 80G for current financial year?

If order under 220(6) of income ax act, 1961 is issued regarding approval of stay in CIT(A) and assesse has already paid 20% of outstanding demand
So whether any submission is to made against such order in income tax portal?
Whether such order is to presented against CIT for stay ?

SIR I AM FILLED FORM NO. 10-IEAFOR THE YEAR 2023-24 AND RETURN ITR 4 FILLED, BUT I WANT TO CHANGE TO FILE REVISE RETURN AND OPT NEW TAX REGIME IS IT POSSIBLE

While Filing Form 24 Revised Return thru TDS RPU Software choosed New Regima the following error coming

Travel Allowance / HRA Allowance will not be blank if you choose new regima.

Anyone found solution for this error ?

B Murugan
Chennai.