I joined the job in May 2020. But, my employer started deducting TDS from salary since Sep 2020.
Form 26AS is showing the salary amount from Sep 2020 onwards. Even provisional form 16 from TRACES website shows Salary from Sep 2020 only.
But, Form 16 from employer shows salary from May 2020 onwards.
However TDS is same in both the forms.
Which salary amount should I consider while filing ITR? Can I let go of the amount paid to me from May 2020 to Sep 2020.
Because, I think that Income tax dept verifies salary and TDS amount from 26AS only.
Or, do they have access to the form 16 issued by employer too.
Expert opinion requested.
Till FY 2019-20 I was considering Dividend payouts from Mutual Funds ( based on receipt basis , that is, when the Dividend was credited into my bank account. As the total dividends were less than Rs 10 lakhs, this was exempt.
Now from FY 2020-21, Dividends will be taxed in our hands . While considering such Dividends, I found that two dividends received by me in April 2020 was actually of FY 2019-20 as the Mutual Funds have not covered these in their Form 16A.
Had I included these in my Return for FY 2019-20, these would have been exempt. But now in FY 2020-21 it becomes taxable. Is there any way to claim a relief?
hello, if i become nri is it mandatory to tell bank that i have become nri?
if required then in how much time?
if i have any loans running for business or home loan will i have to close or those will continue?
i have been paying all my emis timely and will continue but don't want to close just because i become nri.
Epf employee workings in a factory demise after long illness, his last five month epf contribution was 0, Is he eligible to get EDLI benefit? Please answer.
Interest on FD and RD is taxable on received or on accrual
I have below queries on how to proceed with notice received...
1. Notice was sent to old address even though the current address is updated on income tax portal. why so?
2. As Notice went to old address , i got notice after 2 months of delivery of notice to old address.
3. Notice does not mention the Exact reason. it only propose to assess/re-assess the income/loss.
Please suggest on how to proceed/react on the notice. Thanks in advance.
SIR / MAM
A trader is in Tamil Nadu. He has to issue a delivery challan to his Unregistered Customer in Karnataka but he is registered in Tamil Nadu.
Kindly let me know how can he issue that invoice plz
thanks in adv
While uploading the xbrl file (aoc 4 xbrl)with the latest instance document even after attaching the fresh documents with a fresh form i am getting an error "LATEST INSTANCE DOCUMENT NOT ATTACHED" . My xbrl person is saying to try affixing the dsc in another computer. Is there any other way to solve this problem? Can anyone please send the suggestions asap....
Is E-invoice mandatory to be send, on movement of goods along with carriage or not
Our Invoice contains acknowledgement no. and IRN no.
In Terms of notification FEMA 10 (R)/2015-RB of January 21,2016 payment is made through EEFC account maintained with India Bank in convertible foreign exchange towards sea freight
My question is whether TDS us 94C is applicable to above payments ?
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Salary difference in Form 16 and 26AS