My son went to USA for higher education to persue his MS on 20/08/2019. In FY 2019-2020, he had no income in India and USA. For expenses towards studies, he remitted Rs, 4,14,000 from his SB AC in India to USA account, which has been reflected in the statement AIS. Since this is below Rs. 7,00,000, no TCS is collected. Where do I mention this in ITR2, as he is filing his return for AY 2020-2021, as an NRI, as he was in USA for full year. Though he doesnt have any income in India and USA, still getting messages from CPC, to file return, or will be counted as default. Please explain what I should do? I can file a nill return, but where to mention foreign remittance, or it is not needed, as already reported in AIS
Sunil Joshi
suniljoshi2005@gmail.com
9820166034

I am an CA INTER CLEARED person and not attended final exams due to family reasons can i act as a TRP if so what is the registration process pls guide me it will be helpful for me .

I and my wife contribute 2 lakh each into our newly created HUF. We invest 1.5 lakh in Tax saving ELSS. The HUF income of 4 lakh will attract zero tax taking into account 80C deduction of 1.5 lakh, right?

If we invest remaining 2.5 lakh in stock markets, will the capital gains from these equity investments be clubbed with our individual incomes through clubbing provisions? We already treated 2 lakh amount (each) as taxable in the hand of HUF.

Can we continue to invest 4 lakh each year in the above manner to build capital of the HUF?

I want to claim HRA deduction for Apr2021 to Mar2022 but as I have not made rent agreement earlier because I was not aware it is mandatory so can I make the agreement on today's date of stamp paper
Is it valid to Submit to income tax dept if scrutiny comes?

Namaste sir's

1) I sold one vacant site in Bangalore for 24 lakhs and deposited in capital gain account at canara bank

2) Now I'm in a process to buy 13 years old flat for Rs 40 lacs in Bangalore

3) home loan I'm taking 20 lakhs that gets credited to seller after registration

4) From capita gain account 20 lakhs DD will be given to seller

Whereas the balance 4 lakhs can i withdraw in cash part by part for incidental expenses like
Minor renovation works

Wall painting and doors polishing

Electrical and plumbing repair works and replacements

Please advise

Sir; we have filed one housing society ITR ; it having excess of expenditure over income i.e. loss (means members contribution less & expenses more ... not having any businee income) we have shown only FD interest under IFOS & claimed deduction us 80P(2)(d). However one member of a society saying to claim loss under PGBP .. is he correct ?

Dear Expert! A notice for the AY 2013-14 was issued to assessee manually on dated 31.03.2021 with the approval of PCIT and same was delivered to post office on 03.04.2021 to be sent by registered, subsequently a another notice was issued on date 29.06.2021 on portal for the same AY. without following the procedure led down in sec. 148A .Pl clarify me whether for the same AY 2 different date notice can be issued, if yes which notice will be in force ? pl give me detail of case law if any.

Sir / Mam
The following message has been received from IT department.
Purpose of this message is only for paying advance tax or any other purpose?
Generally, this message has come to all assessees.
*****
Attention ABC TRADING COMPANY (Partnership firm) (PAN XXXXX4760X )
Income Tax Department has received information about certain significant financial transactions relating to FY 2021-22 (AY 2022-23). Please view transactions under e-Campaign tab on Compliance Portal and remember to pay appropriate Advance Tax. You can access Compliance Portal by login to the e-filing Portal (https://www.incometax.gov.in), and clicking Annual Information Statement (AIS) available under Services tab. On Compliance Portal, click e-Campaign tab. Campaign Type - Significant Transactions. - ITD

***

Kindly advise plz
thanks in adv

Sir,
Please guide me i want to find out my electronic credit ledger balance for the month of 1st April 2021.
how to find the figure .

Dear Experts,
I have a monthly SIP for 2 Years. That is just expired. I want to understand how to calculate Capital Gain on the same as out of 24 Instalments, 13 have period more than 1 year and rest have period less that or equal to 1 year.
Should I have to calculate NAV difference of each buy NAV with last NAV (Redeem NAV) and multiply with monthly alloted NAV and then distibute the same into long term or short tem.
Please guide and is there any short way to calculate the same ?