Manjushri Ahuja

I am filing ITR for AY 2023-24 under 139(8A) and when chosen NO for return previously filed in the excel utility, I get an error message stating that "are you opting for new tax regime u/s 115BAC" should be put NO. I had opted for new tax regime and my form16 also states that but here it does not allow me to proceed. Pls advise


Biswajit Das
30 July 2024 at 01:26

Error while submitting ITR 3

Getting this error while submitting ITR 3

In Schedule OS/ Schedule El, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule El should be equal to dividend income reduced from Schedule BP

I have presumptive income (No account case).
Mentioned divident income in Schedule Other Sources.


PRIYA
30 July 2024 at 00:11

Error after validation of itr 3

While uploading json in ITR 3 in income tax login after successful validation message but I am getting the error message as "In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.You will be allowed to upload return there is possible defect present in return or some deduction may not be allowed"
I have intraday income in no account cases and capital gain on shares stt paid and have shown dividend income in income from other sources. What should I do?


T.N.Reddy
29 July 2024 at 21:20

269SS Loan, deposit, specified sum

Sir, of Rs. 20,000 from/ to per person per annum, Am i corect ?


Aniruddha Ghosh

Property is in name of husband and wife which they planned to sell. Buyer is single individual and has prepared a single sale deed and single demand draft mentioning both seller name (husband and wife name) . The demand draft planned to deposit in joint savings account of husband and wife where wife is primary holder.
Question is:
Does the buyer has to deduct tds for both husband and wife separately splitting the 1% of sale amount or
It can be deducted from only one seller ( husband or wife) and mark multiple seller option as yes since there is only one sale deed and one draft. In this case should the tds be deducted be with wife pan only since the draft is planned to be deposited to a joint account where wife is primary?
Pls suggest the right approach.


Gaurav Gupta
29 July 2024 at 19:49

Inheritance Money

Do we have to show bank balance and FD transferred in our account on death of father in our ITR? If yes, under which head of income?


Sarcastic Aloo
29 July 2024 at 19:41

80ccd 2 deduction in new tax regieme

If employER's contribution is not shown in Salary slip and is not added to the salary. And only employee's contribution is deducted from the salary.
1- how to claim 80ccd 2
2- Do we need to first add employer's contribution to the salary and then claim or we can directly deduct from the actual salary.


VIKAS KUMAR SHARMA
29 July 2024 at 18:46

Sold property US 194IA

Sir one of my client sold his residential property to Builder (65L) in july 2023 and he deduct tds US 194IA and after couple of month his purchase another residential property (1.2cr)
he has done all transaction of sale and purchase from saving account
now please suggest how to make entry in ITR
please do as soon as possible
regards


shrikant

Any compensation paid to employee after legar hearing is allow as expenditure in income tax? under which head expenses should book ???

Pls answer


Dipak Gulhane
29 July 2024 at 17:33

ESOP TAXATION FOR CLAIMING LOSS

US Company having branch in India issued US Equity ESOP without consideration in FY 22-23 AND FY 23-24 & Also added this as Perquisites in salary income of Rs. 8,00,000 and 8,00,000 and deduct tax in each year from salary. Client have quite that company in FY 23-24 and company sold all shares in her behalf for Rs.10,00,000 and paid that amount in her bank. As there is Rs.600000 loss in this transaction....shall I show it as Short Term loss (Holding Period 24 Month) from Unquoted Shares or shall I claim such loss as exemption from perquisites of Rs.8,00,000 paid for FY 23-24.