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Nikhil Sharma
31 August 2020 at 10:19

Non verification of ITR-V

Dear Experts,
I have post signed copy of ITR-V via speed post which has been received by CPC as on 17/08/2020 but still on portal the status on portal is showing pending for verification,

Pls let me should I raise the grievance for the same or have to more wait for updatatio,

Thanks
Nikhil

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Sagar Panchal
30 August 2020 at 22:59

Interest Income Deduction 80TTB

Dear Sir/Madam,
assesse has salary, pension and interest income from fixed deposits with banks.
interest from bank fixed deposits is Rs. 179528/-, can he claim deduction of section 80TTB of Rs. 50000/- ? he is a senior citizen.
PLS GUIDE ON THIS.

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Deepak
30 August 2020 at 13:12

Speculation income

Is tax audit required if there is speculation loss on intra day trading on day 1 of Finanacial year and speculation gain on some other day of the same financial year, the net off result of both these speculation transactions is speculation gain and the turnover does not exceed 1crore

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Naveen Kumar
30 August 2020 at 04:25

Professional tax

Hi,
One straup company opc is registered in last year, stayrd businnes in 2020 first week, now company received a last 7 months businnes ,this month they planeed to pay salary to their employees , company not registered under professional tax ,can you give suggestions how to apply for PT registration and deduct pt for last months,and consequences for delay PT payments

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sudhir ch. saha
29 August 2020 at 21:03

TDS even after submission of Form-15H

Sir,
SBI deducted TDS even after submission of Form-15H. After reporting Br. Manager of bank advised me to take refund through filing of Return . The FD was for five years and TDS was deducted for first two years. It has come to knowledge on maturity . Is it possible to claim refund of three years back and if not , where complaint can be lodged against bank for compensation for loss of interest . Then it will be an extra burden of cost for filing of return by Income-tax expert for consecutive two years.
with regards,
Sudhir saha

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CA ASHIT NATVERLAL DESAI
29 August 2020 at 18:31

Income of a Minor

A minor get interest income from the Investment. Such investment was made from the Money received from the Mediclaim amount received due to accidental death of his father. Such interest income needs to club with the income of Guardian who is taking care and has invested such money in the name of minor?

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CHANDRASEKARAN
29 August 2020 at 15:45

Income tax Return filing -regarding

Dear sir,

ITR-1( FOR AY 2015-16) was filed online through "income-tax e-filing portal" in may'2016 .I forgot to e-verify that ITR. I missed to send that ITR-V (INCOME TAX RETURN VERIFICATION FORM) to CPC bangalore through INDIAN POST-SPEED POST. In my login, it shows e-verify is pending for AY 2015-16. But in incometax -e-filing portal, there is no option for applying E-VERIFICATION for A.Y.2015-16. What is the consequences? Shall i download acknowledgment for AY2015-16 and send to CPC , this period?

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RONI
29 August 2020 at 15:04

Turnover

SIR ,
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C

Which one to show as turnover in Income tax return .

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PRAVIN Gopal
29 August 2020 at 12:54

Cash Transaction

upto what limit,i can withdraw money from Ban accounts for office exp

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Kollipara Sundaraiah

I.t.assess unsecured loan from father Rs: 16,50,200/- balance as on 31.03.2020 in accounting books.
Question:
Assess balance amountRs:16,50,200/- convert to gift book adjustment in 2020-2021 accepted and sec 269 st provision applicable in I.t. act.

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