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DHARAM PAL
25 July 2022 at 15:15

ADVISE ON HOME LOAN TAX BENEFIT

Please advise tax benefit avail both wife and husband Rs. 2 Lac each on Home loan Interest if property purchase Joint name and the property use in self occupied 2.Also advise is it any condition for payment of EMI from both Bank Account or Joint Account?
Dharam Pal
9810600330


mukesh rawat

Tds on electricity charges under section 94 q?

Read more at: https://www.caclubindia.com/experts/ask_query.asp


Nimesh Singh
24 July 2022 at 20:56

Off market Credit Transactions

My aunty received off market credit transactions worth Rs. 7.5 lakhs + by way of transmission of MF units due to demise of her husband and the same is shown in AIS for FY 2021-22 .As on 31.03.2022 she continues to hold the same and has not redeemed the above MF units.

Whether the same will be taxable in her hands while computing income for F.Y. 2021- 2022 ? Whether the same to be disclosed in ITR ?


Vardhan
25 July 2022 at 15:15

Form 10E: Adhoc paid in arrears

I have the Arrears Summary as follows:
Gross: 2,10,000
Adhoc Paid: 30,0000
Gross Taxable: 1,80,000
Provident Fund: 38,000
...
Gross Arrears Paid through Salary: 1,80,000 (Same as gross taxable mentioned above)

The arrears is for the last 3 years, i.e., 2018, 2019, 2020 and I have the statement regarding the division of the arrears for each month of last 3 years w.r.t the Gross amount (2,10,000). But in the payslip of the month (April 2021) in which I received the arrears, only the gross taxable amount is paid and displayed. I'm unable to find the adhoc payment of 30,000 anywhere.

For filling the form 10E, should I fill it for the gross amount (2,10,000) or only for the gross taxable amount (1,80,000 which I got paid in April 2021)?


ravi shankar
24 July 2022 at 20:02

Claim for Relief u/s 89

Arrears of Pension for 6 years or so from 2016 were received from State Govt. in April 2022. There was no TDS from Pension before receipt of arrears. But after payment of arrears, besides TDS on arrears, some amount is being deducted from monthly pension as TDS towards Income Tax. If only pension amount of current FY is taken into account there will be no Income Tax dues for AY 2023-24 Sirs, (1) Is there any way to get TDS from monthly pension stopped? (2) Is there any due date to file Form 10 E to claim relief u/s 89:- can it be done before completion of the FY or has it to be done after 31March but before due date for filing ITR (normally 31July)?


Jiwan singh

1000 PER MONTH PAID TO ADVOCATE FOR FILING GST RETURNS
OR
1000 PER MONTH TO ANY OTHER PERSON FOR FILING GST RETURN FEE
10000 PER YEAR TO CA FOR AUDIT FEE
100000 YEARLY HYDRA RENT PAID TO HYDRA OWNER
IT WILL COVER RCM ?


Student
24 July 2022 at 19:11

Gift from Relatives in ITR

Dear Sir,

Kindly inform it is prudent to show gift from relative (exempted income) in Income Tax Return or there is any chance of further query if shown.

Kindly reply


Neev Garg

Company act 2013 prohibites issue of shares at discount but why we can't issue when conpany is finding difficult in raising funds or when interest rates are high ? I want to know logic behind this


kollipara sundaraiah
24 July 2022 at 17:01

Itc claim as per books or gstr2b

Sir,
A Gst registered regular scheme dealer itc claim as per books(original invoice based) rs:45,214cgst rs:45,214 sgst and itc claim as per gstr2b rs:39,268/- cgst rs:39,268/- sgst for one month.
Question:
Dealer itc claim amount show in gstr3b as per books or gstr2b.


k.b.nagesharao
24 July 2022 at 16:39

Rent on residential building

Dear All,
If the total rent from residential building is exceeds 20 lakhs per year shell the owner get registered under gst and to issue Rent invoice every month with gst component and submit returns every month. Please kindly advice in this regard,
Thanks in advance,
K.B.Nagesha rao







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