DEAR SIR,

TDS DEDUCTED U/S 194Q IS EXEMPT INCOME DECLARED IN THE WHILE FILING INCOME TAX RETURNS TDS DEDUCTED PURCHASER EXCEEDS RS 50 LAKHS PER ANNUM.

ONE OF MY CLIENT SOLD TO A SINGLE PARTY MORE THAN 1 CRORE PER YEAR THE PURCHASER DEDUCTED 0.1% SO CAN WE SHOWN THE RECEIPTS OF HEAD OF INCOME AS A EXEMPT INCOME.

REGARDS

Hi Team

I have to file my FY 20 - 21 income tax return due to some unavoidable situations, I'm unable to file an income tax return

I need ITR receipt 20- 21 for my loan purpose bank manager is confirming it is mandatory and urgent and my loan is on hold

I have tried in IT website site system is not allowing us to file a belated return even tried in sec 119 (2) (b), System is asking notice, I don't have any notice even I can't submit 119 (2)(b) in online because it is not showing in condonation request

Please help me on this i need urgent due to my family health issues

Thanks in Advance

assessee received notice us 148A for free tour trip provided by his supplier company to him. Supplier company does not deduct TDS. Assessee does not show this as income in his ITR.
Is this taxable in the hands of assessee ?? If we show this income in return us 148 then still penalty can levied us 271 1 c (AY 15 16).????

We are trying to file TDS return online from portal - https://eportal.incometax.gov.in/, we are facing some issue . Can anyone update on this? If everyone is facing the same issue like us. We are not getting the option to file the TDS return.

missed filling my ITR -4 for the AY 2021-22, is it possible to file now? guide me plz.

Dear Sir,

I am a Govt. servant & I have sold immovable properties in multiple parts which were inherited to me by my mother after her death, earlier which had been shown by her in her ITRs as a business income u/s 44AD. I want to show the sale proceeds arising out of sale of immovable properties as a business income instead of showing it as capital gain but showing it as business income instead of capital gain does not have any impact on my Govt. job & this activity is also not that kind of business which involves purchase & sale with the intention of earning profits since these immovable properties had not been purchased by me, these were inherited to me after the death of my mother and I am left with no option rather than selling it.

Kindly help me in this matter whether I can show this as business income instead of capital gain without having any impact on my Govt. job.

Sir,
One of the it person maintained three banks 1. sb account balance rs:24,568/-
2.bank sb account balance rs:56,356/-
3.bank sb account balance rs: 89,455/-
As on dt: 31-03-22.
Question:
Assessess above mentioned all banks
accounts information transaction data AIS show compulsory.

One of my clients is a individual who is paying a good amount towards of transportation of household goods. I want to whether he needs to deduct tds on amount payable to Packers and movers ( who isPvt Ltd co).
He doesn't have TAN no .
Request you to throw light on above with respective provision

what is the process to pay 20% advance payment for appeal in installments ..?

section 11(1) states 15% of income. income means receipts or net after dedction of application of receipts?
i feel, income means after exps not after application.
for example which is correct ?
rs. 100 gross receipts,
rs. 15 exempted
rs. 85
less rs.60 spent
so rs. 25 is taxable
OR IS IT BELOW?:-
100 Rs. received, 60Rs. spent, so 40 and reduce 15% of 40 = 12- 28 is taxable?
IS 25 TAXABLEOR RS.28 TAXABLE ABOVE>?
I FEEL 25 IS TAXABLE.