if any of employee's PAN Number is not linked with his Aadhar on Income Tax Portal and this employee falls under the Tax Slab of > 10 Lacs, then What is the liability of Employer for TDS deduction from his Salary?
Hi
I would like to understand if a tax payer can opt to not setoff long term capital losses against long term capital gains, if the long term capital gains total to less than Rs 1 lakh. In this case can the tax payer carry forward these capital losses to future years.
Thank you so much for your response in advance.
Hello Sir,
My sister is LIC Agent and having income form capital gain and Bank FD.
This year she just got Rs. 4000 LIC commission.
Can we file ITR 2 or we need to file ITR3
Sir one of my client is Commercial Cylinder Gas Agency Distributor
Income can be covered US 44ad?
nature of business code?
regards
ONE OF MY CLIENT HAS INCURRED LOSS OF RS 2 LAKHS IN F & O TRADING AND HIS TURNOVER IS 40 LAKHS ONLY WHETHER HE IS LIABLE FOR AUDIT U/S 44 AB OF IT ACT PL .HELP.
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.
Probable Resolution
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.
Can interest us 234c be exempted or reduced in any case in case of tax on capital gain from shares?
I have jewelry and I want to wear it on occasion but I don't know which brand of clothing I have to wear with the matching jewelry for my event. If any of you have any ideas so please help me out with this. For more information on the jewelry visit https://alphaadore.com/product/w-initial-necklace/
As a employer I have given salary to employees by various allowances like Basic, HRA, Other allowances.
But while filling TDS return consultant has shown entire salary under sec 17(1).
So can employees bifurcate this salary into Basic and HRA separately while filling ITR ?
Hello
Please advise how to UPDATE new KARTA of HUF in IT Department if username, password, mobile and email is not available.
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TDS on Salaried Employees-PAN Inactive or PAN Not Linked With Aadhar