Can we claim 1,50,000 rs under sec 80C(ELSS scheme)and 50,000 rs under sec 80TTB(senior citizen bank interests)together total of 2lakhs deduction?

My daughter has an NRO account which was converted from normal Indian SB account to NRO in Oct-22 as her status changed to NRI. All the money in the NRO account are from Income in India - SB Bank Interest (from old SB A/C & NRO A/C) and Dividends from MF. The mutual funds where bought before conversion to NRO account and the holder status of MF were also changed to NRI in Nov-22. In 26AS under the MF Company there are entries for MF dividends under sec 194K where the TDS is at 10% for MF dividends from Apr-22 to Oct-22 and dividends from Nov-22 to Mar-23 are under sec 196A where TDS is @ 20%.
AIS stmt also shows the MF dividend in two groups - one under Sec 194K - Rs 26306/- and other under Sec 196A -Rs 15032.
In Schedule OS -under which heads will the two amounts be entered :
- Amt of Rs 26306/- given under sec 194K will be entered under the head 'Dividend Income [Oher than (ii)]
- Amt of Rs 15032/- given under sec 196A will be entered under the head '115A (1)(a)(i)
Dividends in case of non-residents' or
'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)

In AY2022-23,I filed ITR 4.At that time i filled 'Financial Particulars of the Business' section (E11 to E25)like sundry creditors,sundry debtors,balance with banks,cash in hand etc.But those columns are not visible in ITR4 form of AY2023-24.Is that Return form changed ?
Without going to ITR3,is it possible to enter those details ?

Respected Experts,

One of my friend is a Salaried Person and also running a Travels Business.

Im Preparing Balance Sheet to him.

My Question is;

1. Can we show his EPF Accumulated Balance in Balance Sheet as Long term Investment.

2. If Yes, do we need to show the Investment only for his Portion? ( Employee Share) or the Entire Accumulated balance ( Employee Contribution + Employer Contribution)

2. Also can we also create Liability of EPF payable for March ( only Employee Contribution)

3. If the above Treatment is valid, then can i also show Interest Accrued from EPF in Exempt Income

Kindly advise

Dear sir ,

I am getting confused in selecting the ITR form as I have income from salary from which tds was deducted , I have income around 5000 in whole FY from an app i have on playstore from which tds was deducted , I have income around 23000 from google admob for showing ads in app which was transfered through wire transfer in USD and tds was not deducted from it and finally I bought some mutual fund and then sale it later from which I had little profit around 1000 rupees and I incured total loss in equity around 400 rupees and zero profit.

so please help me, which ITR shall I file

thanks.

I too getting same error as described below. Please help

I created Form 26Q for Q1 FY2023-2024 using TDS RPU 4.6 (latest), validated it with TDS FVU 8.1 (latest) and after validating file successfully. I put the FVU file in a zip and filed the e-TDS. And as soon as I filed it, instantaneously it was rejected and reasoning was [Rejected at E-filing: Line 1- Invalid File]. The file itself is error free. I have re validated it. What to do?

One of my client pay salary of Rs.25,000 per month to an individual - annual salary is Rs.3,00,000. Is this to be declared in 24 Q ?
Please let me know the minimum annual salary, which need not be declared in 24Q

Thanks
R S Sai Kumar

my total tax liability is 0 after 80c deductions

Dear all

Status as per Income Tax – Mrs. Xyz1
a. One of my client was married and went to America along with her husband on 11th March 2020.
b. She came to India on 28th February 2021. Returned to America on 23rd April 2021.
c. She came to India on 8th October, 2022 and returned to America on 26th March 2023.
d. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Status as per Income Tax – Mrs. Xyz2.
a. She went to America for further studies on 3rd August 2021.
b. Since then she has not returned to India
c. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Thank you
R S Sai Kumar

my wife is working as lecturer in a college on contract basis. the college deducted tds from her payment of Rs.4 lac under section 194 c . college also issued 16 a form form the same . In the 16 a , clearly mentioned 194 c section. As per my knowledge for the tds 194 section one should file return under itr3 professional schedule. But I have confussion that which professional code is to select