SIR,
It returns non fileing person 26AS AND AIS information in f.y. 20-21
1.interest from deposits rs:55318/-
2.cash deposit rs:16,74,900/-
code sft-004 cash deposit other than current account ,
name of the sft filer : SBI.
A person cash deposits amount rs: 16,74,900/- cash received from different persons(CLIENTS) after cash amount deposit in bank account different persons taxes (income tax and gst tax and other taxes)payment through on net banking paid.
Question:
A person it return filed manadatory or not in f.y. 20-21

Dear Sir,

As Per Article 25 of DTAA specifies as follows: ( with considering this i think that resident of singapore (Linkedin) may allowed to claim credit of tds deducted in India @10% as per article 12 of DTAA - Please kindly Confirm)

''Subject to the provisions of the laws of Singapore regarding the allowance as a credit against Singapore tax of tax paid in any country other than Singapore, Indian tax paid, whether directly or by deduction, in respect of income from sources within India shall be allowed as a credit against Singapore tax payable in respect of that income. Where such income is a dividend paid by a company which is a resident of India to a resident of Singapore which owns not less than 25 per cent of the share capital of the company paying the dividends, the credit shall take into account Indian tax paid in respect of its profits by the company paying the dividends.''

5. For the purposes of paragraph 4 of this Article the term "Indian tax paid" shall be deemed to include any amount of tax which would have been payable in India but for a deduction allowed in computing the taxable income or an exemption or reduction of tax granted for that year in question :

(a) Sections 10(4), 10(4B), 10(5B), 10(15)(iv), 10A, 10B, 33AB, 80-I and 80-IA, insofar as these provisions were in force and have not been modified since the date of signature of this Agreement, or have been modified only in minor respects so as not to affect their general character,
(b) any other provision which may subsequently be enacted granting an exemption or reduction of tax which is agreed by the competent authorities of the Contracting States to be of a substantially similar character to a provision referred to in sub-paragraph (a) of this paragraph, if such provision has not been modified thereafter or has been modified only in minor respects so as not to affect its general character.

Sir, can we deduct TDS@10% as per Article 12 of DTAA with Singapore even though equilisation levy applies to Linkedin because i heard that payee may not get credit for EL paid in India while paying tax in their home country

Dear Experts,
We have to make payment to Linkedin, based in Singapore for job posting. They have no PE in india and have provided Form 10F, TRC and Pan No, also their remittances are more than 5,00,000/- we will deduct tds@6% under EL
Is still we need to have form 15ca & 15cb ?
If yes, then under which article we can issue form 15ca/15cb

In my 26AS an amount of about 660000 is shown and remark is NIL. This amount shown is less than the 10 lacs as required for reporting. Also it is matching with amount of FD I had with the Axis Bank the reporting bank. The FD is not yet matured also though quarterly interest credit to SB Account which is about 9500 approx. First of all I am not able to understand what transaction is reported under this as the amount shown is not matching with any of my transaction also. In my return what I should show or what should be done. I filed my return based upon form 16 issued by the employer as there is no other income. This time due to this SFT 005 reporting found in my 26AS I am in confusion to understand what steps I need to do and file my return without any discrepancies. Please advise do I need to do anything or it could be taken as the reporting is just for my information and do nothing.

Thanks

K Rabadia

Hi experts,

My last working day at my previous company was on 7th Mar, 2021.
Due to covid restrictions, I couldn't travel to my base location to return company assets. So my Full and final settlement was on hold.

Finally, I returned the company assets on 30th Sep, 2021 and I received Full and final settlement payment (Feb & Mar salary + leave encashment) on 27th Oct, 2021.
Please confirm, "Should this Full and final settlement payment amount be counted as income in FY 20-21 or FY 21-22"? Thank you.

Thank you.

Dear Experts,

We have to make payment to Linkedin, based in Singapore for job posting. They have no PE in india and have provided Form 10F, TRC and Pan No, also their remittances are more than 5,00,000/- we will deduct tds@6% under EL

Is still we need to have form 15ca & 15cb ?

If yes, then under which article we can issue form 15ca/15cb

I received a demand of ₹600 for the current assessment year on 17/11/2021 by mail which I paid on the same day online with minor code 400. While submitting respose to outstanding demand on efiling portal, I tried to enter details of this challan, but everytime it is reflecting error like "an open challan with such details not available in the database for this financial year. " while this challan is correctly showing in my 26AS with minor code 400. What to do. I have also submitted grievance on efiling portal, but not solved as yet.

Assessee has multiple house properties. One property is being used by him in his business. Interest is paid on housing loan on this property. Can this be claimed in the profit and loss account of the business?

If assessee had rented a premises, rental expenses is claimable. On the same lines, can he claim the interest on housing loan?

Sir,

I want to know the taxability in respect of the following during the financial year 2020-21.
received gratuity from the previous employer, received PF contribution (both PF and Pension Fund) and Received KSFE Chit