Dear Sir,

He has only salary income and trading income of ₹14,000 from the Indian stock market in FY 2023-24. Which form should he use to file the income tax return? He filed ITR-1, but received a defective return intimation under section 139(9). Should he have used a different form?"

Sir,

I want to have some clarity regarding the provisions of rebate under section 87A of income tax Act 1961. As per the relevant provisions, if a person opting for new tax regime, he/she can avail rebate of Rs. 25,000 or amount of tax whichever is lower if total taxable income does not exceed Rs. 7,00,000. But in Case of an individual whose taxable income was Rs. 6,80,000 out of which Rs. 35,000 was short term capital gain taxable @ 15%. Total tax liability comes to Rs. 24,750.So, as per the rule whether the person can claim rebate under section 87A. If we fill the details in the ITR form online mode, Rs. 5,250 was shown as tax liability. Is it correct

I had joined my previous company in June 2023, at the time of joining I was paid a joining bonus and relocation bonus. For some reason, I had to leave the company in 3 months and return the total of these bonuses back to company, when I was paid the amount tax deductions were already made by company but at the time of returning I had to return full amount. Now, in my form 16,company has showed my total income to be inclusive of these two bonuses. On asking them to revise form 16, they denied to do the same since tax has already been paid. I have a recovery letter from the company though, stating that they recovered the bonus amounts from me. What should I do while filing my ITR?

.. ....... Hsisibd......

Dear Sir / Madam,

My query is as follows:

Miss A, a radio jockey, radio show maker & stage show anchor was a resident till FY 2022-23. So her professional income was shown u/s 44ADA till FY 2022-23.
Now during FY 2023-24, she has become NRI as she stayed in India for 77 days only. However, she earned around Rs. 450000/- as a professional income during FY 2023-24, and TDS is deducted.

Section 44ADA does not apply to NRI. So, can I show her income under Income from Other sources? instead of preparing Income & Expenditure and balance sheet? her bank statement runs 40-50 pages with small small transactions.

Kindly revert.

Thanking You,
Suraj

While making TDS payment i have selected assessment year 2024-25 instead of 2025-26, how to correct this mistake?

Can wife rebate on health insurance policy for self,wife and children under section 80 if the premium paid by husband
d.p.kapoor
9810600330

Dear All
In what situation GST RCM rule is applicable in case of GST registered party for following type of payments ?

(1) Commission claimed by unregister person or Pvt Ltd company
(2) Professional Fees claimed by unregister person or Pvt Ltd company

In above cases TDS rule applicable ?

Regards

S Mallick

Sir, can wife claim rebate on health insurance policy paid by husband for self ,wife and children.
D P Kapoor
9810600330

I have taken transfer from my ca firm for ca industrial training but due to some reason I couldn’t join that company and my 104form is also not submitted
So can i join back my old ca firm again for the remaining period