Bala Subramanian
08 December 2021 at 22:37

Qatar Income - Resident India -2020-21

My friend worked in Qatar for 4 months last FY and returned back to India.And his company has deducted income tax for the Qatar income also.
THis AY return how to get this amount refund from the ITR return.As zero tax in Qatar , is he eligible to claim this amount .If so how to get that amount.As system consider this amount as zero as Tax paid outside is zero.


K.G.Shah
08 December 2021 at 22:16

EPFO pension in ITR 2

I have income from EPFO pension and capital gain . So i have to file ITR 2 . For pension no form 16 issued. It is not commuted , un commuted pension . But it is from contribution by employees. No TDS is deducted by epfo.
My question is.
1) In ITR 2 it asks employer name , TAN number and other address derails .
So what to enter in this.
2) Also if pension selected it asks commuted , un commuted . Whether i can select Option OTHER ?
IN ITR 1 no such problem arise . Since i have capital gain income ITR 2 is compulsory .
So please guide on above


Dhruvin Parikh
08 December 2021 at 22:08

ITR2 query - setoff losses

I have long term capital gains in equity for FY 20-21 of Rs 3 lakh.
I have brought forward equity long term losses from previous year of Rs 5 lakhs.
Question- For filing returns of FY 20-21, do I have to first setoff capital losses against capital gains? Or can I first take LTCG exemption of Rs 1 lakh and then setoff remaining 2 lakhs gains against prev year losses?
If I first setoff losses against gains, then I am not able to take advantage of LTCG exemption of Rs 1 lakh.
Please guide.


Shamil
08 December 2021 at 22:07

Edit form 112

How to edit form 112 in ssp portal?

My articleship registration approval is still pending with RO beacause of form 112 .

Is there any option to edit the form 112 ?
Or any option to delete my application and begin with another !?


Daya
08 December 2021 at 21:19

Income earn from which

Dividend earned from Shares or Mutual funds--or any more
Interest earned from Loans, Bonds or debentures or any more-


Harsh Chaudhary
08 December 2021 at 20:36

ITC Reversal under Section 37

In Case of Reversal of ITC under Rule 37 due to non-Payment to supplier in 180 Days whether the Reversal of ITC is added in Output tax liability or In Reversal (Others)


Jogesh
08 December 2021 at 20:10

Share transfer of Section 8 Company

We have a section 8 company with share capital. Its member are willing to transfer its share to another resident individual at fair market value, which is higher than the share par value. How this will be taxable in Income Tax? Is there any exemptions or another exclusions for share transfer of section 8 company. Do you have any judgement for share transfer of section 8 companies.


Suraj
08 December 2021 at 16:06

Filing Form 10 IC

Dear Sir / Madam,

Form 10 IC was filed for AY 2020-21. Is it required to file Form 10 IC again in subsequent AYs?

Regards,
Suraj


ARUN GUPTA
08 December 2021 at 15:53

Jewellery inherited after mothers death

My wife inherited my mothers gold and diamond jwellery after her death. How will she show in income tax return? How jwellery will be shown in balance sheet? Please advise? Will we need to keep any documents?


Yogi Venkata Rao
08 December 2021 at 15:39

Yoga therapist

Hello
I am a yoga teacher, teaching in the space in our big house.
I have a Msc in yoga.
For the income i get should I file ITr1 by considering the whole income minus expenses.... or can i file ITR4 by considering 50% as income under Presumtive taxation.
In ITR4 i dont find yoga as a profession. Only Ayurveda siddha kind of professions are listed.
Please reply.
LivingYogaCentre






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