For one of my clients submitted Income tax return in ITR-3 which was duly e-verified on 15.09.2021 for the A.Y. 2021 which has not yet been processed U/s 143(1) even long 191 days have already been passed. Grievances submitted 3 times but no effect. Without having maintaining book of accounts, a balance sheet had been made by me on documents and furnished in said ITR. Now I want to revise said return per U/s 139(5) by deleting said balance sheet and to be uploaded as NO ACCOUNTS case. Can I do so. Kindly help me.

Sirs,

One of our employee is paying Rent thru No Broker site and has given a rent receipt.
Receipt states the amount received from that person, and bearing address mentioned only the locality. Owners name is there but the complete address is missing. Receipt is a systme generated one.

Can this be accepted for HRA Exemption.

Thanks.

Return of income U/s 139(1) in itr-3 had duly uploaded and e-verified on 05.09.2021 for the A.Y. 2021-22. ICICI Bank Paid/debited amounts shows above taken as PAID interest income and the same has taken in Income from other sources. Have I did wrong? Kindly let me procedure to show income paid/debited amounts u/s 206CQ in ITR. If the amounts debited by bank, what to do now. Regards, Tarak Kumar Roy, 150/1/1, Banerjee Para Road, P.O. Naihati-743165, West Bengal

I have filed correction in 26QB with regard to change in date of deduction in 26 QB. Income tax department has asked me to submit indemnitybond of 500. can any one please provide with FORMAT of the same.

MR. X PAID AN ADVANCE TAX CHALLAN OF RS. 50000/- FOR THE ASSESSMENT YEAR 2021-22, BUT INADVERTANTLY SAME CHALLAN PAID IN REGULAR ASSESSMET TAX (400) INSTEAD OF ADVANCE TAX (100). PLEASE GUIDE HOW TO CORRECT THE CHALLAN?

I am going to link the pan to Aadhaar, its shows "Aadhaar is linked with some other PAN". What is the solution. I have only one PAN

hello everyone,

If buyer of the property agrees to pay total capital gains tax on behalf of seller what are the tax complications in the hands of both buyer and seller with case laws/ appropriate provisions, if any.  kindly give reply as soon as possible and oblige.

A MEGHMANI ORGENICS LTD 1000 SHARE @ 43.60 STOCK BUY ON 26/04/2017

COMPANY MEGHMANI ORGANICS LTD DEMERGE ITS IN TO TWO COMPANY ON 21/05/2021 UNDER SCHEAM OF DEMERGER AS MEGHMANI ORGANICS LTD AND MEGHMANI FINE CHEM LTD. ON DEMERGER SCHAME COMPANY ALLOTED NEW MOL SHARE 1000 AND MFL 94 SHARE
COST OF AQUISTION WAS 93.85 AND 6.15 FOR A & B COMPANY

NOW I HAV SOLD BOTH MOL & MFL COMPANY SHARES IN DEC 2021 WHAT WILL BE MY TAX LIABILITY

AS STOCK MOL OLD IS 5 YEAR OLD INVESTMENT AND THAN A DIVIDED IN TO MOL & MFL WHAT WILL BE LTCG FOR MOL & MFL COMPANY ?
LALIT SHAH M.NO.9825056396

Sir,
1.A Gst registered and it returns filed business person sales turnover and GP and NP increased compulsory every year.
2.sales turnover rs:2 crores person maximum and minimum gp and net profit show in it returns.

After the demise of my both parents, in terms of a Will executed by my father, myself alongwith my 3 younger sisters and wife of my pre-deceased younger brother are co-owners of my father's self-aquired flat, having equal ownership rights of 20% each.

My sister-in-law (deceased younger brother's wife) wants to take my share. Consideration agreed is 20% of the value for stamp duty. I am being requested to execute a Relinquishment Deed, with 'no consideration' whereby the same can be registered without payment of any stamp duty. And it is proposed that the amount would be paid to me under a Gift Deed.

My queries:
1. What is my liability if the authorities question non-payment of stamp duty?
2. What is my liability to income tax in respect of the amount received under a Gift Deed?
3. Is amount received from deceased younger brother's wife under a Gift Deed exempt from Income Tax?
3. Can I claim non-applicability of income tax on the grounds that it is received in terms of inheritance?