My aunty received off market credit transactions worth Rs. 7.5 lakhs + by way of transmission of MF units due to demise of her husband and the same is shown in AIS for FY 2021-22 .As on 31.03.2022 she continues to hold the same and has not redeemed the above MF units.

Whether the same will be taxable in her hands while computing income for F.Y. 2021- 2022 ? Whether the same to be disclosed in ITR ?

I have the Arrears Summary as follows:
Gross: 2,10,000
Adhoc Paid: 30,0000
Gross Taxable: 1,80,000
Provident Fund: 38,000
...
Gross Arrears Paid through Salary: 1,80,000 (Same as gross taxable mentioned above)

The arrears is for the last 3 years, i.e., 2018, 2019, 2020 and I have the statement regarding the division of the arrears for each month of last 3 years w.r.t the Gross amount (2,10,000). But in the payslip of the month (April 2021) in which I received the arrears, only the gross taxable amount is paid and displayed. I'm unable to find the adhoc payment of 30,000 anywhere.

For filling the form 10E, should I fill it for the gross amount (2,10,000) or only for the gross taxable amount (1,80,000 which I got paid in April 2021)?

Arrears of Pension for 6 years or so from 2016 were received from State Govt. in April 2022. There was no TDS from Pension before receipt of arrears. But after payment of arrears, besides TDS on arrears, some amount is being deducted from monthly pension as TDS towards Income Tax. If only pension amount of current FY is taken into account there will be no Income Tax dues for AY 2023-24 Sirs, (1) Is there any way to get TDS from monthly pension stopped? (2) Is there any due date to file Form 10 E to claim relief u/s 89:- can it be done before completion of the FY or has it to be done after 31March but before due date for filing ITR (normally 31July)?

Dear Sir,

Kindly inform it is prudent to show gift from relative (exempted income) in Income Tax Return or there is any chance of further query if shown.

Kindly reply

Sir

One of my friend, who is an employee, has filed ITR 1 last year ( FY 20 -21 ). Her source of income is salary alone. Her total salary for the year 21 - 22 is Rs. 576000/- She wants to file ITR 1 for this year ( 21 - 22 ). But, after selecting the ITR 1 in the selection menu in the IT portal, it is asking for the reason for filing the return. but non of the selection buttons are accessible and the band "Continue" in the lower right corner of the screen is also disabled. She has been trying to file return for the past 10 days. But same problem. Is this a technical issue in the IT portal ? What shall we do to get rid of this issue ?

Please advice.

Dear Sir,

One of my client's father expired in FY 2021-22 and his father's bank fd matured in the same year. Hence his son withdrew the amount from bank in cash and deposited this cash in his own bank account.

Now his son's AIS report shows a Cash deposit of Rs. 10 lacs which is not his income but only the amount withdrawn from his father's account. His mother is also no more.

What should be done in this case. Can this amount be not shown while filing income tax return.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Sir,

I am filling ITR4 mu income is boutique Rs.152000 and tution fees Rs.123800.When I file under 44AD business Need to mention total turnover or gross receipts I file boutique income Rs.152000 after profit 6% and 8% need to declare or show full amount 152000 please suggest or can I file under profession

A individual is showing his income u/s 44ADA but his nature of business is to paints the houses on daily basis or sometimes on contract .But Due to showing nature of business as interior decorator in his MSME certificate because of this his business is shown u/s 44ADA but now can we change his income to u/s 44AD under other services code.

Sir,
For Charitable Trust, we want to know what is due date of filling audit report Form 10B. Whether uploading date is considered audit report submitted date or not. Whether there is any circular or notification is available, please give detail.


Thanks

MY CLIENT PURCHASED A FLAT IN FY 2020-21 BUT THE POSSESION WAS TAKEN IN AUGUST 2021. BUT NO REGISTRY HAS BEEN MADE TILL DATE. CAN I TAKE ONE FIFTH OF PRE EMI INTEREST IN FY 2021-22 AS THE POSSESION HAS BEEN TAKEN AND REST 100% OF INTEREST PAID HLOAN AFTER DATE OF POSSESION.


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