sir,
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks

I am a resident senior citizen tax payer. I do invest in ELSS MF(Growth option) each financial year to save tax under section 80C of Income tax Act.
I had invested as usual in some ELSS schemes in March 2016 which I intend to redeem now after completion of 3-year lock in period. Since introduction of LTCG tax by the central budget 2018, this the first time I will sell ELSS units.
As such I am in need of some clarifications on calculation of LTCG from experts.
The following example will be helpful for me.
I had purchased 1690.846 units of a particular ELSS on 09.03.2016 at a price of Rs.29.57/unit. The total investment was Rs.50,000/-
NAV of these unit on 31.01.2018 was Rs.44.8938/unit
My sale price on 12.03.2019 is Rs.46.253/unit
Appreciation in value since 31.01.2018=(46.253-44.8938)=Rs.1.3592/unit
Hence total gain= 1.3592*1690.846=Rs.2298
Since, LTCG upto Rs.100000/- is tax free in a financial year, I am not required to pay any tax for this gain.
Am I correct?
Kindly, give me expert opinion.

Sir ,I've received ITR refund of Rs 2900/- in FY 2018-19(without any interest) and some cash gift(aprx 40000/-) from mother through cheque in June 2018(FY 2018-19).How to these to be shown in ITR-4 while e-filing of itr in FY 2019(AY 2019-20)?Are these income be taxable?Please help sir.Thanks in advance.

Hi All,
I am working with an Co. and here I have to file TDS return for Q3. But the person who has done payment has Mistakenly mention wrong AY in the challan which is showing now Unmatch. Ideally the AY has to be 2019-20 but instead it has put 1961-62. Since he year gap in huge. I was unable to do online. I visited the Income Tax Officer..From there I got to know that I have submit Total 3 document 1. application Letter for Rectification which...2. INR 500/- Indemnity Bond 3. NOC from Client....these all in one PDF File less than 2MB.....I have to give them these all documents in Pen Drive......Can Anybody help me with the Format of NOC and Indemnity letter format. I tried to find out online but failed.

It will be great help!!1 Thanks!

Hey everyone,

I applied for TAN and i got my TAN number on my email as well as a pdf file attachment. But file attachment is required six digit password to open.

So what should be the password and which six digit i have enter to open that file.

Regards.

I am a retired person having income from pension and bank interest only. If I want to make some cash gift from my savings to my wife who is a housewife, is that permissible under law? If yes, is there any specific procedure for it and what is that? Is there any upper limit per year of such cash gift?

My company credited my TDS into the wrong PAN 11 yrs ago and now in the 26 AS form in TRACES the amt is not being reflected.The Govt has levied me more the 200 % as penalty.What is my recourse.

According to form 26AS the total TDS for the AY 2018-19 was Rs. 42313/-, but the intimation has come stating that there is a mismatch in TDS and it was only Rs. 36643/- hence asking for another payment of Rs. 6560/- over and above what i have already paid in ITR.
In the intimation they have put two TDS transactions for supporting the mismatch stated.
In form 26AS all the TDS depositing transactions have booking status as 'F' and i have checked thrice that TDS total is Rs.42313/- in form 26AS.
Gurus please help at the earliest for what to do and how to reply for this intimation.

If I have stayed out of India for more than 182 days but I have no Foreign Income. I have Income in India from Rent on House Property. Am I considered NRI mandatorily and have to file return as NRI? Do I have to change my Bank Accounts to NRO accounts?
I live with my Children who have settled abroad.

Sir TDs deducted on 24/09/18 by united bank of india.But till now(19/01/19) no form 16A from bank or TDs amount not updated in 26AS.After informing repeatedly to bank,they informed on 16/12/18 as 'due to some technical glitch and server issue TDs deducted in month of Sept'18,will be taken account in Oct'18 and will be reflected in 26AS accordingly'.But till now 26AS not updated.What to do sir? Next TDs deduction will be on 24/03/19.Please help sir.