I have new assignment with Grasim Industries Ltd. since 14th November 2018 earlier I was working with Aditya Birla Group in PT Indo Bharat Rayon Indonesia. I have completed 4 yrs 6 months and 17 days with Grasim Industries Ltd. India before retirement hence I have deposited PF for less than 5 yrs. During my full and final settlement, I have received amount of Rs921508/- after tax deduction of 31.2%. I was not willing to retirement but as per policy I have to retire. Why PF amount is taxable if person is going to retire. Let me know PF amount is taxable for retired person.

18-07-2023
From:
CA Laxmi Mittal
Vapi

We are trying for last couple of days to file Form 3CBCD by using departmental Utility version 1.2.1. Clause no. 1 of Form 3CD -A.Y. is not being populated in point no. 7 of clause 1 of Form 3CD, resulting showing error while uploading Form.
Folllowing error is showing as"#/FORM3CB/F3CB/PartA: required key [AssessmentYear] not found,"

Pl. resolve the same

I am a PSU employee. .and I live in company Guest House, getting HRA in salary and I am paying each month HRA amount to Guest House through my credit card every month. Can I avail IT exemption on my total HRA amount paid to Guest House?

sir,
In my housing society some members own 2 flats. They pay Rs. 10,000 per month maintenance charges for 2 flats. That is Rs 5000 per month for each flat.

do they cross gst exemption limit of Rs 7,500 per month?

or gst exemption limit calculation is increased to Rs 15,000 per month for the member who owns 2 flats?

I got my ITR filed through an IT approved E_Return Intermediary . While income and tax figures appear to be correctly shown, I have noticed errors in Address, spellings etc. Is it better to file a Revised ITR ?

hi

I have filed domestic as well as exports(NO GST) receipts in GST for the AY23-24.
While filing IT return(44AD) , what do I report as
"Annual Value of Outward Supplies as per the GST Return Filed" ? sum of domestic+export ?

(And my AIS seems to have mention of export invoices I filed under GST!!!!)

Hello I wanted to know that can we take labour contract charges in HUF account.

I sold some units of Motilal oswal S&P 500 (some within a year and some after a year). Since it is taxed as debt, should it be shown as STCG under debt ("From Sale of Assets other than all the above-listed items" in CG section) or Sec 111A. please help.

Dear Sir/Madam,

Please let me know whether standard deduction of Rs.50,000/- is available under the following circumstances:
(1) The individual is having pension income as well as income from business/profession/consultancy
(2) He/She is opting for new tax regime (FY 2022-23).
Thanks and regards.

SIR
I AM STAYING AT BARRACKPUR NEAR KOLKATA, WEST BENGAL
I HAVE BOOK 1 FLAT UNDER CONSTRUCTION WHICH WILL COST AROUND 60 LAKH.
1) BUILDER SAYS I HAVE TO PAY 5 % GST AND I AM READY TO PAY AND HE SAYS I SHOULD NOT DEDUCT 1 % TDS
2 ) BUT WHEN SEARCHED ON INTERNET IT SHOWS THAT WHILE PAYING TO BUILDER'S I SHOULD DEDUCT 1% TDS AND PAY TO BUILDER.
MY QUESTION IS -- MY PROPERTY IS MORE THEN 50 LAKH AND UNDER CONSTRUCTION SO I SHOULD DEDUCT TDS AS WELL AS I HAVE TO PAY GST OR NOT ??
OR I SHOULD PAY ONLY GST ???
PLEASE TELL ME
THANKS
UDAY