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Omnarayan Prasad
This Query has 2 replies

This Query has 2 replies

25 June 2022 at 11:25

Interest shown in wrong head in TIS

Sir, I incurred an interest of Rs 5058 on saving bank account of central Bank of India.
This sb interest is being shown as deposit interest in TIS.
Do I need to request for rectification or show it as it is as income from other sources in deposit column as total of OS income remain same.


Jatin Sachdeva
This Query has 2 replies

This Query has 2 replies

29 May 2022 at 20:24

ITR TYPE 500 Freelancer Income

Hi,
I'm a salaried person. I also do intraday, F&O and short term investment.
I will file ITR for the first time.
As per the online resources, I should file ITR 2 for the above cases.
But I also did a bit of freelancing (not continuing now) and income from it was just 500 rs.
So please tell how and where can I adjust this income. Or I will have to go for ITR 3.


AJITH PARAKKA
This Query has 4 replies

This Query has 4 replies

28 April 2022 at 14:45

REDUCING TAX LIABLITY

I have a flat which is jointly owned by me and my wife. If I sell the flat and transfer the amount to the account of my parents who have now no source of income so that I can reduce my tax liability is it allowed legally.They had provided us with initial capital required for buying the flat but I have been paying the EMI for 10 years. the l balance loan amount will be prepayed and the loan closed.The flat was bought for 60 lakh in year 2009 and selling price of flat is 1.15 crore 2022.


Mukesh Bhoite
This Query has 1 replies

This Query has 1 replies

20 April 2022 at 17:09

Problem Responding notice u/s 139(9)

EFL/2122/G5a/ITR000071119832 communication date is 08/04/2022. Sir when I am trying to write DIN no in the field indicated in ITDe filling software, it accepts only EFL/2122/G5a/ITR0000711. As a result I can't response Defective return. I failed to understand what mistake I have done. Please help me how to respond. Last date is 23.04.2022


Nara Hari
This Query has 1 replies

This Query has 1 replies

18 April 2022 at 21:24

NRI TDS tax payment

Namaste sir

Our NRI property seller at Hyderabad is unable to obtain TDS certificate from IT department thereby inhibiting us to deduct TDS tax
Instead the seller is compelling us to get the property registered at discounted price of 20.22 % less of property value so that he can go back to America

Now after registration of property we as buyers can it be possible for us to reduce TDS tax by submitting all relevant papers to auditors and pay TDS to IT dept

Because it is 15 years old flat

Please advise

Regards
Hari


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

18 April 2022 at 19:27

Doubt for UPI mode payments

Sir,
A Gst registered dealer and it returns filed person payments and receipts through on UPI modes ie: google pay and phone pay and paytam modes transactions.
Question:
UPI modes transaction accepted or not accepted in gst and it and other acts.


manoj sonalkar
This Query has 1 replies

This Query has 1 replies

can anyone let me know how to make profession tax payment FOR Company for Gujrath. One of our client open FG Depot & he has just done GST Registration . He do not have any employee residing in Gujrath.

Thanks,


g s ahuja
This Query has 1 replies

This Query has 1 replies

08 April 2022 at 17:41

SOLD PROPERTY

I SOLD PROPERTY FOR RS 50 LACS (TDS DEDUCTED) BUT COULD NOT FILE RETURN EVEN AFTER 148 NOTICE AS NOTICE CAME ON PORTAL(NOT ABLE TO CHECK)
EX-PARTY ORDER PASSED AS UNEXPLAINED SOURCE OF INCOME AND DEMAND CREATED ON WHOLE AMOUNT
HOW TO PROCEED WITH CIT(A) ANY CASE LAW IN Favor


Chandra
This Query has 2 replies

This Query has 2 replies

Dear Experts,
I have deducted TDS on rent of owner, got below Default Summary of Interest on Late Deduction, now where to pay this.

should i use Challan No./ITNS 281, Nature of Payment- will it ne 94A, pl. clarify
Regards
Chandra

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26QC Statement Acknowledgement Number Order Passed Date
Regular Statement XXXXXXXX 0x-Mar-2022
Correction Statement Correction ID Order Passed Date
- - -
Count of Correction Statement(s) 0 Net Payable (Rounded-Off) (Rs.) 600.00

Default Summary Details
Sr.No. Type of Default Default Amount
(Rs.)
(A) Amount Paid
(Rs.)
(B) Amount Payable(A-B)
(Rs.)
(C)
Sum determined u/s 200A of the Income Tax Act,1961
1 Short Deduction 0.00 0.00 0.00
2 Interest on Payments Default u/s 201
2(a) Interest on Late Payment 0.00 0.00 0.00
2(b) Additional Late Payment interest against the processing of latest correction 0.00 0.00 0.00
3 Interest on Deduction Default u/s 201
3(a) Interest on Late Deduction 600.00 0.00 600.00
3(b) Additional Late Deduction interest against the processing of latest correction 0.00 0.00 0.00
3(c) Interest on Short Deduction 0.00 0.00 0.00
4 Late Filing Fee u/s 234E
4(a) Late Filing Levy 0.00 0.00 0.00
4(b) Additional Late Filling levy against the processing of latest correction 0.00 0.00 0.00
5 Interest u/s 220(2) 0.00 0.00 0.00
Total Default Payable (Rs.) 600.00
Rounding-Off (to the nearest multiple of ten rupees) (Rs.) 0.00
Net Payable (Rounded-Off) (Rs.) 600.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
1.cash deposit and withdrawal transaction limit in bank sb and current bank account one financial year
2.cash deposit and withdrawal transferred transaction through on google pay and phone pay and paytam modes limit for one financial year.
Question:
1.above mentioned cash deposit and withdrawal limit for gst registered and it returns filed person for one finical year.
2.above mentioned cash deposit and withdrawal limit for gst non registered and non it returns filed person one financial year.