Dear Sir / Madam,

I have query regarding that a person received overtime income apart from his salary income for his extra hours work. Overtime income paid via bank. Now, where I have to show this income while filling ITR-1 or ITR-2?

Thanks and regards,

Pratik N Patel

Dear Experts,

I am registering HUF on IT portal.

However what to mention on principal contact details. Karta or HUF? If details of HUF pan are mentioned , then it generates gender mismatch error. Pls advice

Regards,


Please advice

WHAT TYPE OF EXPENSES TO BE SHOWN IN ITR FOR COMMISSION INCOME

Dear Sir,

A DIRECTOR PURCHASE A PROPERTY HIS OWN NAME ABOVE 50 LAC AND PAY ALL THE PAYMENT TO SELLER THROUGH PVT LTD. COMPANY'S BANK ACCOUNT. IT IS POSSIABLE OR WHO WILL PAY TDS AMOUNT DIRECTOR OR COMPANY?

DIRECTOR, NEVER PAY SINGLE AMOUNT FROM HIS BANK ACCOUNT AND COMPANY WILL PAY ALL THE PROPERTY VALUE?

IT IS ETHICAL AS PER COMPANY LAW?
PLEASE SUGGEST.

If a senior citizen Having Pension income of 18 lakhs per annum and also has Parking Rental Income of 15 lakhs per year. Can he file a return which shows Parking Income as Income from Business & Profession having taxability under section 44AD presumptive taxation and the pension part separately under Income from Salary.
Please Guide
Thanks in Advance

Dear Sir,
Query:-
If a company Paid MAT Tax in AY 2014-15 of Rs. 1.00 Cr and never take credit of that tax till now.
and now in the Current AY company liable to Pay normal Tax.
So now my query is AY 2014-15 MAT Credit of Rs. 1.00 Cr is available in AY 2025-26 or not for me.

MAT Credit available rule Up to 15 Years as per Latest amendment .
Is there any doubt for taken MAT credit in AY 2025-26 due to in earlier take credit only 10 Yrs of MAT Credit.

What if i sold one house and invest the same amount in another residential property but property purchased on my son's name ?
Can I claim sec 54 exemption or not??

"If my employer is not currently deducting NPS, but I open an individual NPS account and provide the account number to my employer, requesting them to deduct the amount from my salary towards the NPS account, will I be eligible for a tax benefit?"

Which head of Income is 194JB under? Can we show 194JB income under sec 44AD

Hello Sir/Madam,
I have 1 query.
Husband and Wife both are salaried and both are paying tax on their income .
Husband had purchase Quant MF 1 years ago of Rs 1L. current value is 1.4 L for that.
Wife had purchase AXIS MF 1 year ago of Rs 1 L and current value is 1.4L for that .
Both of they have decided to exchange their MF. so husband has given Quant MF to wife of RS 1.4 L and wife has given Axis MF to husband of RS 1.4 L
So my query is
If both of them sell MF after 2 year then if clubbing of income applicable to both of them? Or then can just pay tax of own amount . Both case tax applicable is same.
After 2 year both share price is 2 L then any case of of them need to pay tax on 1 L. But for filling ITR if it need to show against clubbing or in normal.
Also what if net value of both MF is different after 2 years ?
ICICI MF (Husbant had given gift to wife) price is 2.5 L
Nippon MF (Wife had given gift to Husband) price is 2 ?