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My mother died in august 2021. She was holding fix deposit @9.25% in a bank with the maturity date of in 2025. Being a nominee I don't want to break the fix deposit since the interest was on higher side. I want the same fix deposit to be transferred in my name with the same interest rate. Is is possible to do so. The bank is refusing to do the same. Please advice.


D Chourasiya
06 December 2021 at 16:01

Refund in wrong person's account

i have filed ITR of 49000, from that i received 29000 in my correct bank account (which was updated while filing ITR), after 2-3 days i received two messages with 2 amounts totaling to 21000 for my PAN card no. but credited in different bank account which is not mine.
what can i do now? please help.


Sanchit
06 December 2021 at 14:47

TDS & TCS on Purchase & Sale Transaction

Dear Sir,
We are a manufacuring company, our last F.Y.(2020-21) Turnover was less than 10 Crore but during this Financial year our Turnover Exceeds 10 Crore.
Whether for this F.Y. -TDS/TCS on purchase/sale of transaction will be applicable on us or not.


Kollipara Sundaraiah

SIR,
One of the business it assessee maintained single bank account books and it returns show.if assessee AIS and TIS information download recently another bank account detailes mentioned.2 nd bank account transactions entry passed in books after cash balance shortage in books.
Question:
1. Assessee maintained business accounts records single only.
2.How the adjustment cash balance shortage in books.


Pankaj
06 December 2021 at 12:53

Rent from car

Sir
I am salaried person in government. In last year I have purchased ertiga ( not for Goods ) car . I have done contract with XYZ company as car on rental or hire. So XYZ company paid me Rs 144000 during the year & deducted TDS U/s 194C.

I have question, which ITR Form should be submitted ?
Can i claim any expenses ?
in which column it should be reported ?
Sir please reply



VIKAS KUMAR SHARMA
06 December 2021 at 12:43

Income from upwork client based uk

my client is web designer in india and working through upwork whom paid him in US dollars.
Now his tds deducted under section 194O And under TCS bank debited Rs 5589 no TCS deducted
my query is income comes under which HEAD of income and NATURE BUSINESS CODE ???


ARCHANA

Sir/Mam,

I have claimed Refund in Feb (Q3) FY 20-21 for Example
Refund Claimed 25000
Rejected 5000
Sanctioned 20000

Rejected amount 5,000/- credited in Next Financial year 21-22 How to show this in annual return fy 20-21.

kindly help and explain as per example.

Thanking you,


Chaitanyaa
06 December 2021 at 12:02

Loan Life Coverage Ratio(LLCR)

May someone clarify as what is Loan Life Coverage ratio and how it is computed with some example.


k Alekhya
06 December 2021 at 11:47

CANCEL MIGRATION CERTIFICATE

HOW TO CANCEL MIGRATION CERTIFICATE?


Suraj

Dear Sir / Madam,

My query is as follows:

Mr A, Indian resident, is working with Subsidiary company of an MNC. He received few shares under ESOPs in listed foreign company during his employment. He sold these shares in FY 2020-21. I wish to know how to report capital gain on sale of these shares of foreign company in his Income tax return? I have no idea how to report foreign income. Any specific form is also required to be filed, documents to be seen??

Kindly guide.
Thanks & Regards,
Suraj





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