V.Ch.Venkateswara Rao

When I have tried to file correction statement it was rejected due to Line No 2 - Invalid Previous RRR Number.


CHINNA SWAMY
22 July 2024 at 11:34

INSURANCE COMMISSION AGENT INCOME


When the balance sheet to be signed by CA for insurance commission agent WHEN THE TOTAL INCOME IS RS.90,00,000.00


Srihari

I have received the following notice after filing my ITR under ITR-1.
Please provide your advice on the which is correct ITR form and how to respond to this notice.

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.


CA Parul Saxena
22 July 2024 at 10:11

How to affix stamp on paper?

I have a drawback i am unable to affix stamp on a paper properly...how to overcome it? whenever i try to affix it goes up and down...and whenever i asked someone to affix the stamp he/she makes fun of it...


Student
22 July 2024 at 08:25

ITR 2 or ITR 3 to file ?

Dear Sir,
Please guide that I have only Bank Interest Income (Rs.1 Lakh) + Short Term Capital Gain + Long Term Capital Gain of Delivery based trading ( Rs.2.15 LaKH) + Rs.3689/- Intraday Share Trading. Now for these small Rs.3689/- gain (speculative or business gain) will I have to file ITR 3 or filing ITR 2 with showing Rs.3689 in other income will do ? Because once I file in ITR 3 , I have to prepare Balance Sheet and P & L etc and I do not want to make for such a small amount and time is also less. so please guide what I should do ?
Thanking you
Regards


Arijit Mukherjee
22 July 2024 at 02:01

Information Missing is AIS

I Sold a joint property (Joint with my Mother) this year. However, the details of the same are missing from my AIS and my mother's AIS. Is there any reason for it to not appear in the AIS?


poornima
06 August 2024 at 12:25

Capital gains on sale of TDRs

Assessee got TDRs on compulsory acqusition of site during 2019. He sold these TDRs for new constructions and not for redevelopment during 2022-23 and 2023-24 Financial years and realised Rs.1 Cr. whether Capital gains provisions applicable or not. If applicable what will be the cost of acqusition for those TDRs. Please support the decision with applicable case laws. Thanks


nazneen k
21 July 2024 at 20:15

HRA related questions

Hi
Suppose I m doing job in Mumbai and have opt for HRA from company.
Can I claim HRA From my mother who is living in non metro city.
By having a clause of 40% of salary.
And I ll transfer every month some amount in her account.
Question 1:can I claim HRA paying to Mom
Question 2: do i need rent agreement
Question 3:If I have any property in Mumbai still I can claim HRA.
PLZ REPLY


RAJESH KMUMAR
21 July 2024 at 19:33

INTEREST RECD.

Respected Sir/Madam,
I have booked a flat in gurguram in 2013. Builder not given possession on time. Builder agree to paid principal and interest. Builder paid interest without TDS deduction. Is interest amount is taxable for me and tax will be paid ?


VIJITH TK
21 July 2024 at 18:59

ITR 5 Couldnt submit

Dear Experts,

Can anyone please help me to rectify the following error. (Verification pan should be same as any of the key pan in Part A General 2) While i am submitting the ITR 5 error is coming. even after updating the partner details in Part A General 2.

Thank you
Vijith T K