Res/ Sir, Madam,
We make monthly returns, and we purchased goods from one such Proprietary firm which are return quarterly. So Sir, when we should ITC be claimed and how much?

Thanks,
Regards,
Ashok Yadav

DEAR SIR,

ONE OF MY CLIENT DAUGHTER, CLAIMED HRA FROM SALARIES BY PAYING HOUSE RENT TO HIS LAND LORD MOTHER OF RS.6,54000/- NOW MY QUERY IN THIS SITUATION RENT PAID BY INDIVIDUAL ABOVE RS 50000/- SECTION 194IB IS APPLICABLE TDS @ 5%.

THE SUMS DISPLAYED IN AIS REPORT THE INDIVIDUAL HAS TO FILE INCOME TAX RETURNS

REGARDS

An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .

Can a minor become a brand ambassador in india ? If yes, what is legal process of it ? Business will be managed by his parents.

Can we take interest on gratuity year wise and submit IT return.

We were trying to file ITC04 with a fully validated JSON File but the site was showing that there was some error in validation of structure of the JSON file and to use the latest form of Offline tool. Each time I repeated the filing with a new offline tool the error persisted.

Is there any remedy for this Problem?

My ITR of fy 22-23 is under process since September 23, is there any time limit to proceed it?

A partner of the firm bought a software online using his personal money and then transferred it to the firm through capital account. the website did not have any facility to give gst details, and because it was intented to be used by the firm, an account was opened in firm's name. but the invoice that got generated have the following details:
Sold to: Firm name ( picked up from account details)
partner name ( picked up from billing details)
partner address (billing details)
Now, will firm face any penalty from gst department?
Can the the firm claim depreciation on the software in itr?

If I have a salary income, and have sold some shares and also consulted as a free-lancer for a friend for a small amount [credited into by SB account directly] which was remitted from another country, can I file ITR-2 and fill the FSI section ?

Hello Sir,
I have a doubt regarding dividend filling in ITR. As per the dividend sheet shared by broker, dividend calculated for the FY is based on ex-date while if I check AIS, dividend amount is bit different (may be it considers the actual payment date of dividend) for eg: if ex-date is in march, payment date may be in April next financial year.

How should I consider the amount while filing ITR, should I take it as per ex-date or as per actual payment date.
Please suggest.

Best Regards