Will Late filing fee U/S 234F apply for return submitted before due date but everifed under condonation delay for an individual.
Last year late payment of PF and ESIC were disallowed in Tax Audit
While filing next years Return, the set off of the same remained unclaimed
Now can I file rectified Return claiming set off of previous period disallowed expenses
under which section the set off can be claimed in rectified return
I have a home loan from SBI taken in 2013, and got another home loan top up sanctioned based on earlier loan, in 2022. The home loan top up is taken for purpose of renovation/repair, and not construction.
1. Can income tax rebate be claimed on interest amount, from both the loans simultaneously subject to a max of 2Lakh?
2. Since the top up loan is for repair/renovation, for self occupied, there is a limit of 30K deduction. Can i claim a 2Lakh deduction if its rented property, inspite of being a top up loan for purpose of repair/renovation?
HELLO TEAM,
I WANT TO FILE ITR3 FOR INDIVIDUAL. HE HAS PROFESSIONAL INCOME, HOUSE PROPERTY INCOME, LONG TERM CAPITAL GAIN, SHORT TERM CAPITAL, AND FUTURE, OPTION , INTRADAY LOSS.
I HAVE QUERY REGARDING PROFIT & LOSS ACCOUNT AND BALANCE SHEET . DO WE NEED TO CREATE SEPARATE P/L & BS FOR BUSINESS INCOME AND FUTURE, OPTION , INTRADAY LOSS/ INCOME ?
WHERE TO SHOW BUSINESS INCOME AND FUTURE & OPTION LOSS IN ITR3.
AS HE HAS MAINTAINED HIS BOOKS OF ACCOUNTS ?
THANKS
co-operative society registerer with state govt.
turnover 20 laks how can file return of income tax with audit or without audit , can declare income u/s 44AD and take deduction u/s 80P of the whole profit or not, if not why.
tax audit require or not, if yes under which section.
A person who wrongly filed his itr under salary head (ITR 1) in place of Business income u/s 44AD (ITR 4). He shows total income of Rs 415000 under salary. Now I want to file rectification u/s 154 by replacing his income from salary to business income putting the total income same. Weather rectification u/s 154 is possible in above case?
I had purchased a plot of land during FY 1980-1981 for Rs.50,000/-. Upto 31.03.2010, I had incurred Rs. 8,30,000/- in addition (Earth filling, boundary wall construction etc.). During FY 2021-22, I have sold the said plot of land for 25.00 lac and earned a LTCG of 16,20,000/-. I have to pay Capital gain tax on the same. But sir, If Income tax department asks from me the supporting documents against addition of said Rs. 8,30,000/- I will not be able to provide the same. May I claim the said addition ?
I have skipped filling my clients ITR for F.Y. 2019-20. In that year he had Refund of TDS credit on sale of Flat . His PAN is flagged for not filling and dept asked to file ITR under e-Campaign tab.
Can I get the TDS Refund on filling the ITR now?? Friends kindly guide, Dhanyawaad>>>
SIR,
It assessee rs:8 lacs net balance health insurance amount debit in bank account(amount -tds deducted) in f.y. 21-22.if assessee not show in 26as it portal.
Question:
Assessee above mentioned not show in 26as health insurance received amount show in it returns in f.y. 21-22
Dear Sir,
Can TDS on rent be deducted monthly (as it becomes a burden on the owner if it is deducted directly yearly once) but remitting to government yearly once? or
If rent is deducted monthly should the payment and 16C should be generated every month-(12 16C's)?
Please clarify
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Late filing fee U/S 234F for return submitted before due date but everifed under condonation delay/