I have received Pension from EPFO in the previous year 2024-25 which also includes arrears. Please advise applicable head of income under which same is to included. Though I am not very sure, if Income tax was deducted from the arrears, will I get any rebate under section 89 on arrears of the pension?
If pan card or aadhar card no. is not available of buyer because buyer is NRI in case of capital gain. they have Passport no. but in buyers detail only pancard and aadhar card no. is available. in that case what should we do?
Dear Sir,
I am a salaried employee having annual salary income of 7 Lac. I had incurred loss of INR 8.50 Lakhs in intraday trading of stocks in last FY 2024-25. My absolute turnover was 10.50 Lacs.
It there audit required for filing my income tax return. If yes, which section will be applicable on my ITR.
Please suggest
Can i take salary in favour of a Spouse if she is not an employee of the company ???
Under which head of income should i show & if it is a business income then what will be the code.
Is gift from Father's Brother is taxable? what is the exemption limit? how to declare the same in ITR 4?
In ITR 4, where to declare the income from sale of shares in short term .?Short term gains declare under which head?
Is it compulsory to file ITR if there is zero income in case of Firms/AOP,
Please advise asap
In Form-ITR4, i can show income of two businesses under 44AD, one of which is GST registered and the other is unregistered.
I have not purchased any Time Deposit (FD) in SBI where I have a Savings Bank/ Pension Account. The system has been creating Multi Option Deposits by Sweep function whenever the balance exceeds a threshold of Rs 5000 or so..Maybe (I'm not sure) because of this an amount of more than Rs 50 lakhs has been shown as spent on Purchase of Time Deposit under SFT-005 of the AIS. In any case I have not purchased a Time Deposit at all on SBI. The online information under Deposits of SBI does not show purchase of such deposit. There is no mention in the Interest Certificate also. What should I do? Can someone please guide me? Thanks and Regards
Pension received from EPFO