Nitesh kumar
26 July 2022 at 19:43

Password reset of a salary holder

I have been trying to reset Password of income-tax e-filing of one my nabour but unfortunately OTP is not coming on his mobile, mobile no registered at income-tax is not active, The person is not so educated hence video version for DSC is also not possible.
Is there any other way to reset password?


Sachin Kumar
26 July 2022 at 18:19

Widow Pensio

Hello,

- widow is receiving pension of Rs. 2500 p.m. is it to be shown under income from other sources ? is it exempt ?

- widow is receiving rent of Rs. 20,000 p.m. from the property which she is also residing ? it is to be shown under income from house property ? (widow is also doing boutique business in this property )


Keyur

Sir/Madam

I required urgently profit/sales calculator on sale of capital assets of company in excel format.

thanks in advance


Srinivasan Ethiraj
27 July 2022 at 17:49

TCS - cash payment

Sir,

In the course of the sale of a car valued above Rs.10 lacs, i am obliged to collect TCS @ 1%. In the course of receiving payments from the customer, i receive a payment in cash in excess of Rs.2 lacs. Is that permitted as i have have charged TCS on the whole transaction, or i should not collect cash at all?


Ashish

I am a senior citizen and wasn't aware to claim 80ttb deduction from last 3 years ,can rectification be done for same so that i can claim refund? can i add deductions to previous year returns?


Sanjay Keskar
26 July 2022 at 15:12

Filing of IT return for FY 2021-22

Dear Sir, I have salary income from one Bangalore based company from Apr-21 to Sep-21. They had TDS of Rs. 12000/- from my salary. But not remitted to IT dept yet. Income as well as TDS is not seen in 26AS. That company is now in under bankruptcy process & don't know when remit it.
Secondly, From Oct-21 to Mar-22, I have income from of technical visit fees etc... (approx. Rs. 2.25 lac). Now deadline for filing IT return is near. Kindly guide me how I can file IT return.
Thanks & regards - Sanjay


Dharam Pal
27 July 2022 at 17:49

Interest on commerial property

Sir
My son received loan for purchase of shop and paid EMI per month to Bank. Please advise any rebate on Interest on Loan for purchase of Shop and how many amount of rebate
Thanks
Dharam Pal
9810600330


ARCHANA
26 July 2022 at 14:00

80TTB Deduction for Senior Citizen

Sir/Mam,

Individual Senior Citizen

Dividend 17474,
SB Interest 37429
Deposit Int. 24300
Total 79,203

But in 80TTB online filling option only 24300 taking actually 80TTB is 50,000 Exemption

Please advise I will take 50,000/- or 24300 in online filing

Thanking you,


Sanchit
26 July 2022 at 13:43

Salary Slip Break Up

Dear Sir,
We are a start up company having 2 directors and both director's are taking Rs. 50,000/- per month salary. We have deducted the TDS against the Salary Amount but we want to know Salary Breakup which will be more beneficial for tax purposes.


manjunatha
26 July 2022 at 12:02

Add Shareholder in a Private Company

I know that a Private Company cannot issue shares to the public or 3rd Party and one of the way is to transfer the shares of an existing member.
This includes giving notice by an existing member to company of his willingness to transfer his shares. The company giving notice to existing members to take his shares, if they want. If existing members do not respond, then the company has no choice but to transfer the shares to that 3rd party. Register Form Sh-4 and so on.
But the above method will dilute the shareholding of existing member.

To overcome this, I thought of other options on my mind, which is correct?
1. The company hires the 3rd party as a Director. Issue new shares but existing members don't take it. So company gives new shares to the Director?
2. The company hires the 3rd party as a Director. Issues new shares to only him as ESOP?





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