Is employers contribution to gratity taxable in the hands of employee??
And also is employers contribution towards life insurance of employee is taxable in hands of employee??

Sir, I have to change Karta name in a HUF file, as the previous Karta has already expired. What is the procedure for the same ?

How can I avail 80EEA interest deduction in below scenario.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-

As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)

In short I want to understand how can I use this 80EEA section deduction.

Can Capital Gains be claimed against a land acquired in a period prior to the current sale(sale of apartment), is the claim limited to only construction costs on the land post sale of apartment?

Income tax is a indirect expense or current liability.

ONE OF MY CLIENT HAS GENERATED E-INVOICE. BUT IT IS NOT REFLECTED IN GSTR1 ON THE PORTAL. WHAT IS THE SOLUTION FOR THIS PROBLEM?

Can anyone calculate income Tax from following details :
I. Monthly Components Amount (INR)
1. Basic Salary: 64,900
2. House Rent Allowance (50%): 32,450 ( rent paid 22,000 pm , city: pune)
3. Company contribution to E.P.F./Special Pay I: 7,788
4. Superannuation fund/Special Pay II (15%): 9,735
5. National Pension Scheme/Special Pay III (10%): 6,490
6. Leave Travel Assistance (10%): 8.490
7. Statutory Bonus/Ex-Gratia (20%): 12,980
8. Miscellaneous Allowance: 21,571
Total to be paid monthly (M)= 1,62,404
Total for the year [M12] [A] : 19,48,848

II.Variable Components
1. Annual Performance Bonus [APB] Per Month [M]: 18,333
Total APB 10.0% of Annual Gross Salary [B]: 2,19,996

III.Annual Component
1. Provision for your gratuity[C] (4.0%): 31,152
Annual Gross Salary [A+B+C] =21,99,996

IV. Major Benefits [Average cost per person p.a.)
Insurance and Food" [D] =41,000

Cost To Company (CTC) (A+B+C+D) =22,40,996

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.You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable

I have written a bad debt for a party. The party got income tax notice and department treated my bad debts as party's income and department charged 100% penalty on income tax.The party now wants to return my money. What should I do now? Shall I take my money back?

In tax regime, where I have to enter my income detail in the ITR form 3 for tax deducted under section 194C and 194jb