Sir,
Question 1 - The taxpayer has issued the cheque for the payment of LIC Premium before 3st March 2021 but the Cheque was cleared in April 2021.
So can the taxpayer claim the deduction of LIC Premium u/s 80C in the F.Y. 2020-21(A.Y. 2021-22) or Is he eligible for claiming the deduction in the F.Y. 2021-22 (A.Y. 2022-23)?
In one of the Premium Receipt the date is 31/03/2021 and on the other Premium Receipt date is 26/03/2021.
If the deduction is allowed in the F.Y. 2020-21 and not in the F.Y. 2021-22 Does it mean that we have to see only the date on premium receipt for deciding in which year the deduction will be allowed and their is no relation when the cheque is actually cleared?

Question 2 -Whether the LIC Premium paid in cash is allowed as dedcuction?

Question 3 - Please suggest some good books/courses on Income Tax for increasing Practical Knowledge

Sir/Madam
Please provide guidance
A partnership firm pays an individual professional fee of Rs 15000 in the month of May 2021. No TDS was deducted as it was below threshold limit.
Now same individual has to be paid professional fees of Rs. 30000 this month.
How to deduct and deposit TDS in this case.
Will I have to deposit TDS on previous bill of May 21 along with interest.TDS Quarterly return of Q1 2021-22 is already filed. So is correction of Q1 TDS return has to be also done?
Please guide on right way of dealing this situation
Thanks in advance

SIR,
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.

Stamp Duty paid for Purchase of Residential property can be claimed under sec80C.
Can we claim Stamp Duty Paid for purchase of shop as deduction under Sec 80C?

Is GST paid by normal tax payer allowed as expense under Income Tax Act ? Please give reasons. Then why is it so allowed in case of composite supplier ?

I got negative entry of Rs. -33596/- in Form 26AS with Remark as "O".

Please guide what to do with that? Do i need to file it in ITR?

Respected Sir,

TAG / REPLACE CHALLAN
===================
HOW TO USE THIS FACILITY ON THE PORTAL OF TRACES .

PLEASE GUIDE ME AND OBLIGE

Sir, ITR for the AY 2021-22 has been filed claiming INR 46,430.00 as Relief u/s 89(1), but, INR 46,181.00 is allowed while processing the ITR u/s 143(1).

DATA for your kind reference:

Net Taxable Income (including arrear) for the FY 2020-21: INR 6,60,720.00
Arrear pertaining to the FY 2019-20: INR 2,27,700.00
Net Taxable Income for the FY 2019-20 (as per ITR already filed): INR 1,93,720.00

Form 10E filed in the portal is also showing the Relief amount as INR 46,430.00. How could CPC allow INR 46,181.00.

Is there any error in my computation and even in their system calculated value in filed Form 10E?

Dear Sir,
we are a manufacturing Company incorporated in 2019,
We are facing 2 Situations-
1) After commencement of business we have enrolled some employees in pf and esi but now some of our employees having monthly salary of more than 21,000/- per month in hand wants not to deduct pf and esi as they are saying we are non eligible employees. Can we do this or not.
2) Some employees do not have UIN and hired with a Salary of more than 21000/- per month, they want partial salary in cash and partial in their bank accounts, and they do not want to deduct pf and esi from his salary, can we do this or not, Kindly assist.

Sir Last year FY 2019-20 the rental income of Rs. 72000/- annual received on shop (commercial) property and the above amount shown in Income Tax Return FY 2019-20 This year i.e FY 2020-21 no rental income received due to vacant shop. Please advise how many amount of rental income in Income tax Return of FY 2020-21
Thanks
Dharam Pal
9810600330