Hi Experts,

Could you please guide me on below query:

Summary:
I joined a organisation in March22 and in my March22 salary I got joining bonus.

In end of Apr22 I will be leaving the organisation and I also need to return the joining bonus.

How this will affect the ITR for last fiscal year 21-22 and this fiscal year 22-23?

Is it like when filling ITR for 21-22 I need to consider the joining bonus as a part of my salary and accordingly I need to pay the taxes? Though it was already returned in Apr22 and in next fiscal 22-23 year I need to apply for ITR so that I can get the return back of year 21-22?

Or it can be adjusted in the same fiscal year 21-22?

Thanks

A notice u/s 263 of Income Tax Act, 1961 was issued on 25.07.2021 against which the assessee sought adjournment. Later upon change in incumbency a fresh notice was issued on 24.11.2021 to which the assessee responded on 15.12.2021. Then once again a notice was issued on 04.03.2022 was issued setting the response date as 08.03.2022 and on 08.03.2022 the order u/s 263 was passed without waiting for the final response if any as was called till 08.03.2022. Later on 20.03.2022 another notice dated 04.03.2022 was emailed setting the date of hearing as 21.03.2022 and in the same notice another date of hearing was mentioned as 08.03.2022.

Please advise about legality of the revisionary order passed u/s 263 on 08.03.2022.

I want know the procedure for conversion of trust into section 8 company. I also want to know what approvals we have to take from the trust authority.
if any know about this then please do reply.

Interest earned on Post Office – NSS 1987 for AY 2022-23 is say Rs 8,000/-
- Is it taxable, if yes under which section of the Income Tax Act?
- Should the amount of interest credited be included in ''Income from other sources''.
If accrues interest is taxable and also withdrawal is taxable, does it not amount to double taxation.
1. Interest earned in FY 2021-22 is say Rs. 8000/- TDS @ 10% = Rs. 800
2. Withdraw Rs. 8000/- TDS @ 10% = 800
**************************************************************

Sir,

I Invest Rs.2000.00 (Price-37.4500,Number of Units-53.4050) first installment in Canara Robeco Mutual Fund dated 08/08/2019
after every month i deposited 2000.00 Per Month

after few days 22/10/2021 pre matured Rs.78,763.46 ( Price-67.0782,Number of Units-1174.21)

-Please help me how calculate capital gain

How to Show in IT Computation

Please reply

Dear Sir/Madam,

I was going through my transactions coming under AIS of Income Tax Portal. I found few of the transactions related to security sell/purchase are not correct. So, I wanted to correct the same. There are 3-4 fields for which I need clarification.
1. Debit Type (Market/Off Market)
2. Credit Type (Market/Off Market)
3. Unit FMV
4. Fair Market Value
I bought and sold the share of the listed entity through indian stock exchanges. So, Should both debit /credit type be "Market" or "Off Market"?
How to calculate Unit FMV and Fair Market value of shares?

Also, I found that FD related amount shown is very high almost 7-8 times of actual FD amount. I usually open FD for 2-3 months and close the same and open again for 2-3 months. Do they add all FDs opened in a year and show the same?
Request your guidance on the above queries.
Thanks in advance.

On finalizing of P/L of FY 19-20 our CA had put an entry for x+18% amount in expenses and the same is shown as expenses payable in B/s. In FY 20-21 he has raised an invoice for x+18%.
Now how will it be shown in journal of 20-21.

Sir, which software you suggest for filing GSTR and ITR for a Tax professional ?

Dear Sir,

One of my client is selling a property in which she is the second holder of the property whereas his husband is the first holder of the property as per Sale Agreement.

While arriving at the capital gain calculation there is a Long term capital gain of Rs. 17 lacs in total once they sell it in AY 2023-24.

My question is that can this capital gain be taken in the wife's name instead of dividing it equally with husband as wife has previous carry forward losses of Rs. 25 lacs in her name for selling another property at loss in previous year i.e. AY 2022-23 in which wife was the sole owner.

Please help me in this matter.

Regards,
Divyesh Jain

एक ट्रक के रिपेयर के बिल पे टीडीएस का रेट क्या रहेगा प्लीज कृपया उत्तर दें सर