My friend worked in Qatar for 4 months last FY and returned back to India.And his company has deducted income tax for the Qatar income also.
THis AY return how to get this amount refund from the ITR return.As zero tax in Qatar , is he eligible to claim this amount .If so how to get that amount.As system consider this amount as zero as Tax paid outside is zero.

I have income from EPFO pension and capital gain . So i have to file ITR 2 . For pension no form 16 issued. It is not commuted , un commuted pension . But it is from contribution by employees. No TDS is deducted by epfo.
My question is.
1) In ITR 2 it asks employer name , TAN number and other address derails .
So what to enter in this.
2) Also if pension selected it asks commuted , un commuted . Whether i can select Option OTHER ?
IN ITR 1 no such problem arise . Since i have capital gain income ITR 2 is compulsory .
So please guide on above

I have long term capital gains in equity for FY 20-21 of Rs 3 lakh.
I have brought forward equity long term losses from previous year of Rs 5 lakhs.
Question- For filing returns of FY 20-21, do I have to first setoff capital losses against capital gains? Or can I first take LTCG exemption of Rs 1 lakh and then setoff remaining 2 lakhs gains against prev year losses?
If I first setoff losses against gains, then I am not able to take advantage of LTCG exemption of Rs 1 lakh.
Please guide.

We have a section 8 company with share capital. Its member are willing to transfer its share to another resident individual at fair market value, which is higher than the share par value. How this will be taxable in Income Tax? Is there any exemptions or another exclusions for share transfer of section 8 company. Do you have any judgement for share transfer of section 8 companies.

Dear Sir / Madam,

Form 10 IC was filed for AY 2020-21. Is it required to file Form 10 IC again in subsequent AYs?

Regards,
Suraj

My wife inherited my mothers gold and diamond jwellery after her death. How will she show in income tax return? How jwellery will be shown in balance sheet? Please advise? Will we need to keep any documents?

Hello
I am a yoga teacher, teaching in the space in our big house.
I have a Msc in yoga.
For the income i get should I file ITr1 by considering the whole income minus expenses.... or can i file ITR4 by considering 50% as income under Presumtive taxation.
In ITR4 i dont find yoga as a profession. Only Ayurveda siddha kind of professions are listed.
Please reply.
LivingYogaCentre

Our company (which is in India) provided a loan to the American subsidiary for a period of three years. The interest we are charging on monthly basis.

For adjusting loss/gain against exchange rate, against interest amount we are making necessary provision against unpaid amount.

The loan period is for 3 years, whether yearly we have to disclose the impact of currency fluctuation on the principal amount in our financials?
Also request to confirm procedure followed against interest income is correct?

on previewing the return after confirming all required schedules, when i preview the return in the general information schedule my first name is followed by my last name, pan, mobile number and email id. all this is displayed in the first name column whereas when i check in my pre filled data and also the information in my login on the income tax login, the details in the general infomation are correct

Dear sir/mam

I am unable to upload the filled in and validated ITR2 in the income tax new portal due to the following reason -

During upload, website indicates - (Maximum exemption under section 10 is Rs 20,00,000/= only). I had a Form 16 issued by my employer, where the exemption under section 10 is 23,29,104/=

THE EXEMPTION figures are also populated in income tax pre-filled data.

ITR2 is getting validated after filling up, but upload is not possible.

Is there any way out?

Thanks & regds
Ardhendu Dan
Contact - 9435120598