Intimation u/s 143(1) has been received. Tax is calculated @ 30%. However The company is liable for Tax @ 22% u/s 115BAA. Now in the said intimation taxable income has been revised and tax payable is calculated @ 30%. Revision in Income is correct.
Because of difference in tax rates demand is raised.
My question is whether the above mistake in tax rate can be rectified u/s 154 of the I T Act

1. There is joint commerical property owned by Mr and Mrs X . Mrs X wants to rent the property to an LLP for Rs 30000/- per month., wherein Mr X is LLP partner. ( Mrs X is not LLP Partner and is housewife having income tax Pan No). Will clubbing provisions of income tax apply in the hands of Mr X partner.
2) Whether TDS is to be deducted also.

I am a retired person from a Private Sector Bank during FY 2020-21 and subsequently engaged as an on-line lecturer in Banking studies and the remuneration was deducted under sec 194JB. As I was both salaried and subsequently a Lecturer during the said FY, -please advise me the most appropriate ITR Form for filing the return in on-line mode .
Thanks and regards

Dear Sir/Madam, please provide a solution for this.
Salary income: 7.50 Lacs
Turnover of F&O: 6.5 Crore
Losses in F&O: 1.9 Lacs
Is tax audit applicable for the above case.
Will your answer differ if the turnover is below 1 crore.

Sir
Auditor has disallowed provision for expenses made at year end , in Tax Audit , as no TDS was deducted.
Is it now necessary to pay interest on non payment of TDS.
TDS was later deducted & deposited on actual bill booking.

Thanks,

if itr filed ay 2021-22 under old tax regime but now wish to revised
can opted revised itr ay 2021-22 in new tax regime?

Sir,
Sec 44ada professional income it returns filed person purchase of apartment in f.y.2012-2013. this property assessee sales in f.y.19-20 not(missing) reported in it returns.
Question:
Assessess sales property transaction amount show in f.y.20-21 accepted or f.y.19-20 revised it returns accepted.

Hi,

Please assist on below query:

I have withdrawn the balance from my PF account before completion of 5 years of service with CG India private Ltd.
TDS has already been deducted on withdrawal
Its not clear to me if the amount of withdrawal (both employer and emloyee contribution including interest is taxable or exempt)
I have been in more than 5 years of continuous service including my previous employer
The current employer from whom I have withdrawn PF I was in less than 5 years of continuous service and the balance withdrawn pertains totally to current employer contribution
How to decide on Taxability / any provision which can make the contribution exempt.
Please guide accordingly as I have to finalise and file income tax return for current year
Any provision which can help to save some tax.

Thanks in Advance,
Regards,
Tripti

What should be the 'nature of employment' in ITR for a person if he retired from a central govt job during the previous financial year and after a few months got another job in a PSU during the same financial year.
He got non taxable allowances exempted under various subsections of 10, when he was a central govt employee, got encashment of leave exceeding more than 3 lakh (fully exempted from tax for central government employee), and various other retirement benefits and pension received in a PSU bank.

Note that I receive pension from EPFO(Employees Provident Fund Organisation) Rs. 1128.00 PER MONTH which has started in the Financial Year 2020-21 . please guide me urgent basis in the whether this income is exempt form tax U/Ds 80 C or is it a taxable income on this matter by referring income tax provisions .

If Pension Income is Taxable Income then which is the process it is show in the computation sheet for the Assessment Year 2021-22.