Dear Sir / Madam,
Greetings !

We have a default of Rs. 3200 under 6CR-TDS as late filling. We did pay the same but under 200 instead of 400 by mistake. Another mistake we did is - we put the amount of Rs. 3200 under Income Tax. Now how can we rectify our default for the same.

Regards / Vijay

in proprietorship business can i include medical, medicine and hospital bills if paid through my card? is there limit on that? this is not taxable income right?

Dear Sir,

From a Pvt Ltd company I have made a Salary payment of around Rs. 6 lac in parts to a single employee after deducting T.D.S in F.Y. 2018-19 from which Rs. 4 lacs was shown as a Salary expense and Rs. 2 lacs was shown as Advance Salary given in that year in the company's Books of accounts.

Can I book this Advance Salary as company's salary expense in F.Y. 2020-21 to reduce Profit.

The counter party has already shown this entire salary amount of Rs. 6 lac as income received in his books of accounts in F.Y. 2018-19 while filing his Income tax return.

Please advise me on this matter.

Regards,
Divyesh Jain

Sir,
One of the it person rs:10 lacs rent advance balance amount show in books as on Dt:31-03-21.if assessee rs:1 lacs *10 different dates total rs:10 lacs payment through on cash mode.
Question:
1.assessee payment cash mode allowed in it act
2.payment cash mode limit in it act.

Annual Information Statement has details about Purchase/ Sale of Securities and Mutual Fund. However, these do not match with the actual details.

Which amount should be considered while filing income tax return.

Dear Sir,

In F.Y. 2018-19 I had by mistake booked an extra entry of Rs. 50,000/- and wrongly claimed it as a salary expense in Books of accounts of a Pvt Ltd company (not under tax audit) which has resulted into mismatch in bank balance with books of accounts.

Can I reverse this entry in F.Y. 2020-21 by reducing salary amount by Rs. 50,000/- which will result in matching of Bank balance with books of accounts.

Please advise me in this matter.

Regards,
Divyesh Jain

Dear all,

Here is my query,

I am having Income from Partnership firm, and Loss of Rs 10Lakh in intraday trading (Which is disclosed under speculation business option selected books not maintained cases) and now i am filing in ITR-3, without filling the details of Balance sheet and Profit & Loss account in ITR, but while filing i am getting error you have loss under the business /profession your books is not audited

Kindly give me comment on this
Advance Thanks
Regards
BALRAJ B G

Hi,

I work with a PSU Bank.

I do not get HRA.

I am staying on Rent of Rs. 20,000

My employer pays Rs. 14000 to the landlord towards rent. I pay Rs. 6000 to the landlord towards rent.

Can I claim deduction under 80GG?

Rs.14000 paid by my employer is being shown as perquisite in my Form No 12

Sir I have newly joined in Hotel Industry As an accountant my question is that e-commerce companies like Make My Trip, goibibo etc. Make Bookings for us. These e-commerce companies deduct their commission and pay the rest amount to us. Now Commision requires 5% tds deduction, but as they are deducting there commission themselves so we are not making commission payment directly. So pl tell me whether in above mentioned condition are we still liable to deduct tds or not? Pl Help.

Please advice.
If a person is out of india for 182 days and more.
he/she was doing Job in Foreign country where salary received after deducting tax thereon.
He have not transferred any amount in India during his tenure of stay in foreign country. In India he have only Bank Interest Income.

Hence to file Income Tax Return in India do we need to disclosed Foreign Income or only Indian Income has to been disclosed.