Priti Pillai
24 July 2024 at 11:56

Error in TDS RETURN FILLING

All data entered is accurate still getting the error.Appreciate it if someone could assist me to resolve the following error

T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.


BIBEKANANDA DAS
24 July 2024 at 11:29

ITR1 FILED

i got the following message ...
"You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1. "
which file should I choose? Form 26AS 194C


pooja Garg
24 July 2024 at 10:56

Sec 44ADA doctor professional

Hi....

In 44ADA professional doctor is 50% taxable and no books of account are required, hence it is mandatory to show 50% amount as expenditure. This is written where.

Thanks


Sarcastic Aloo

Case:
Assessee bought Berger Paints shares in 1990 in paper form and later he materialized them in 2015.
Now, sold those shares in FY 2023-24 at Rs. 585 per share.

how will we calculate capital gains and tax.


Keyur

Sir/Madam

I want to know within how many days, we can amend shipping bill from the date of export invoice??

If credit not issued ag.export sales can we amend shipping bill afterr2 months?

Please guide me and share related link for further clarification.

thanks in advance


Ankita
24 July 2024 at 08:10

The ITR is Defective

Error Description:
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
HOW TO CLAIM TDS DED U/S 194C and 194A (WHICH ITR FORM TO FILL?)


Sunil Sharma

Invested money with a real estate developer in Sep 2021 by entering into an MOU. However developer failed to launch the project to date and refusing to give back the amount. One of the key partners of the Developer passed away in Nov 2023. Assessee is unable to recover the monies invested. Can the individual claim the amount so invested and lost as Capital Loss. Please note this individual is not in business but invested in individual capacity.


vijay
23 July 2024 at 22:20

Deduction 80CCD (1B)

Assesse is central government employee, He made investment as below
LIC - 132745
Home Loan Principle -12744
PPF - 112000
Mutual fund - 12000
Employer Contribution in NPS 80CCD (2) - 98497
Employees Contribution in NPS 80CCD (1) - 68600

Can Assessee claim deduction under 80CCD(1B) - 50000.


PARAS CHHAJEDpro badge
23 July 2024 at 21:59

Capital gain on converted stock

A firm was owning a piece of land as capital asset which it converted into stock in trade in FY 2022-23 and then after diversion developed it and sold plots.in FY 2023-24. There are some plots in stock as well. A profit and loss account is drawn up for the business. Business income is duly audited and that will be filled up. The issue is how to report capital gain on converted capital assets into stock and then sold as pl;ots. Whether in the capital gain entry for each plot is to be made in the ITR or a consolidated entry for all plots sold may be made. Please guide.


Pralay Sen
23 July 2024 at 21:36

STCG tax for equity market and FNO

if i earn 32000 from equity and 21000 from currency FNO and loass of 1 lakh 17000 from FNO trade , am I eligible for short term capital gain tax?