Dear All,

One of my relative is a teacher in AIDED school. She was appointed in 2011 and got confirmed in 2015. As there was nominal income during FY 2011 to 2015, no return was filed. Now in 2021, she is having Taxable income of around 8.21 lakhs and FY 2020-2021 she was given an arrear of Rs 1,50,000/- for 2011 to 2013.
In this case how can we calculte Rebate u 89(1).

RESPECTED,

KINDLY HELP ON THIS, AIS SHOWS TRANSACTION RELATED FOREIGN PACKAGE BOOKING IN SECTION TCS-206CO AND TCS DEDUCTED ON THIS. IN INCOME TAX RETURN THE INFORMATION SHOULD MENTIONED IN WHICH COLUMN, PLEASE GUIDE ON THIS.
REGARDS

Sir,
It assess taxable income rs:6 lacs show in it returns in f.y.20-21
1.cash gift to son rs:10 lacs pay on online mode
2.assess sb bank accounts running.
Question:
1.income declared low and cash gift value large accepted in it act
2.bank sb accounts not showing in AIS and TIS.

Suppose a Nagar Palika received fund from central government and state government in last year (FY 2020-21) amounting to Rs 15 Cr. Now Nagar palika purchase various goods from a supplier to do various work for his jurisdiction like repairing of road, electricity work, for laying of pipe etc. Suppose nagar Palika purchase goods amounting to Rs 60 Lacs from a supplier. Now my question is that weather that nagar palika deduct TDS u/s 194Q from that supplier considering Gross receipt/sales/turnover of nagar palika in last is more than 10Cr and purchase of goods from a seller is more than 50 Lacs. (Basicaly my question is that weather Sec 194Q is applicable to this type of government entry who received fund from Centre Government and State Government and other agencies and use this fund for the purpose for which fund is received (ie for General Publice)

SIR,
A small business it returns non fileing person purchases of site value rs:20 lacs in f.y. 20-21
Question:
1.Assess it returns filed compulsory and how many years it returns filed.
2.purchases of site value showing in it returns compulsory.

Respected sir
I am salaried person. My Current yearly salary is Rs 1100000/-.
I have invested Rs 10 Lakh in Mutual Fund. Such entry is reflected in my 26AS. Now I want to submit my income tax return ITR 1. So i have to ask you , what is process to reply SFT 10 ? & Any other formalities in ITR ? Please reply

Dear Sir,

My colleagues received professional (consultancy) fees, and company also pay him rent.
TDS deducted u/s 194J(b), 194J of professional fees and TDS deducted u/s 194(i)b & 194(i)a of Rent. But rent is a expenses of my colleague not income.

When I am going to the file the return there is show house property income, but actual this is not a income.

Kindly advise

Tax has been deducted u/s 194DA out of maturity amount of BAJAJ ALL during the F.Y. 2020-21. Will case to be taken in LTCG or Income from other sources? Let me know the calculation process, In case of capital gain. Regards, Tarak Kumar Roy

Respected Sir/Madam
My father passed away in Dec 2019. I filed his return as legal heir for AY 2020-21 with refund amount being approx 30,000. His bank accounts have been transferred to my name. The refund first gets credited to the bank account then again gets debited " due to name mismatch " the refund is still coming in the name of my father. I tried submitting refund reissue but to no avail. I have submitted grievances in the same matter but the issue is still unresolved. Pls Guide

Dear Sir,

I own a Private Limited company and have Contract Income and also registered with GST. One of my client deducts TDS under Section 194c while transferring me the bill amount.

I have not received few tds credits in my 26AS because of which there is mismatch in my books Sales amount shown and in 26AS.

My question is suppose in my Books I have shown sales as 60 lacs and in 26AS the amount of Sales reflecting is 50 lacs (because of few bills not uploaded by counter party while filing tds return). Will there be any compliance issue for me by Income tax since I am showing more sales in the books than in 26AS.

Please help me in this matter.

Regards,
Divyesh Jain