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mamta kumbhat
This Query has 7 replies

This Query has 7 replies

Under the head salary where to include the annuity receiver from lic?
As the computation is asking for employer details. Where should we include this annuity


Binita Verdia
This Query has 1 replies

This Query has 1 replies

i work in metro and my minor children stays in city. i have taken two houses on rent for myself and my kids. can i avail HRA for both the houses


Prakash Joshi
This Query has 1 replies

This Query has 1 replies

06 July 2024 at 13:54

Sr citizen age applicability

Hi Friends,
Can anyone please clarify the following point:

A tax payer has completed an age of 60 years on 31st Dec 23.
Is he entitiled as sr citizen tax payaer for the FY 2023-24 or next FY i.e. 2024-25.

Thanks & regards

PC Joshi


kollipara sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
Assessess sec 44ada provision itr filed f.y.23-24 advance tax payment rs:2,20,000/- refund claim rs:50,000/- .
Question:
Assessess refund claim amount huge selection of scrutiny provision applicable f.y.23-24


Shobhit Jain
This Query has 1 replies

This Query has 1 replies

06 July 2024 at 10:03

Difference in 26AS and Form 16

My employer has made a mistake and enter wrong salary amount in From 26AS, he told me that he had made the correction but it is not yet reflecting in 26AS. Form 16 has correct details. What can I do ?

Thanks


kollipara sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
Assessess source of income details mentioned below
1.professional income rs:16 lacs
2.share trading income intra day rs:2 lacs
Question:
1.Assessess itr filed old or new scheme benefits
2.lic premium and fd and sb interest claim for new scheme
3.balance sheet filed professional income only.


Niharika Sharma
This Query has 4 replies

This Query has 4 replies

I have a client whose CA filed his return back in FY 2021-22, when he sold a residential property. He was supposed to construct another house with the sale proceeds and therefore he invested the same amount in the Capital Gains Savings Scheme of a Public sector Bank. Therefore, the Exemption should have been claimed under section 54. But his CA filed the exemption under Section 54EC, which is, I believe, is completely irrelevant as the he did not invest in NHAI Bonds or such other Bonds as specified under Section 54EC. I am trying to file an ITR-U to rectify the error but I can't as it shows an error that 'Tax payment cannot be Zero'. What can I do save this person from getting under scrutiny?


Uday venkat
This Query has 3 replies

This Query has 3 replies

i have filed ITR-1 under old regime ( e-verification not completed)
while i am trying to file revised return under ITR-1 new regime (showing some refund)
can i file under revised return under new regime and claim refund? (both the original and revised are within duedates)


Yogesh Bhayal
This Query has 1 replies

This Query has 1 replies

05 July 2024 at 17:15

FREELANCING INCOME TAX TREATMENT

DEAR SIR,

ONE OF MY CLIENT HAINVG INCOME FROM FREELANCING INCOME UNDER PROFESSIONAL RECEIPTS IN AIS /TIS (SECTION 194J & 194O) CAN I CLAIM THIS INCOME UNDER 44AD SCHEME OR NOT.


keyur
This Query has 3 replies

This Query has 3 replies

Sir/Madam

I have one query regarding money transfer from NRO Account to in SB Account. One of my relative insist to me that i will transfer 8 lacs rs from his NRO account to my sb account for buying new house in India (in the name of my relative-NRI). Is it possible ??

Is any tax liability occurred to me for transferring this fund for payment to contractor/builders??
My income is taxable and above the statutory limit.

Please suggest me.







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