Ours is a government school. we giving rent as per accrual bases( i.e.3 months once). but we are filling tds returns for rent as per cash bases. But owner asking us tds should be reflected as per accrual bases. how to submit tds returns as per accual bases. Kindly suggest us

If Father purchase Property and he is the owner of property and Daughter is only Co-applicant for Home loan then what would be tax treatment in hands of daughter when property gets sold in future . is daughter gets tax benefit for repayment of loan and interest component .

Or Father can get benefit u/s sec 54 (Old property sold )for in case Property is in name of Daughter.

Case : If Mr.x has 5 house property. out of which 4 are let out and 1 is self occupied. he gets rent for 4 house property.

Query : Now can he claim 2 house property as self occupied on notional basis for AY 2021-22?

Sir,
Sec 44ad it returns filed jewellery business and pawn brokeing business person money (loan)paid to customer rs:1 lacs through on cash mode.
Question:
1.money pay to customer rs:1 lacs cash mode allowed and cash transactions limit in it act.

My wife earned Tution Income in FY -2020-21 about Rs. 2.7 Lacs, which ITR form will be applicable, apart from this she has no income

Can I show this in ITR-1, Income from Other Source

Have a simple ITR 2 with only Pension , Interest and Dividend. On completion of offline utility, validation successful with "no errors found". However, while verification (during upload into the department website), an error "1a- dtaa dividend-system calculated value is not equal to value at 3(ii)" pops up.

Interestingly, tried the same on online mode with the same results.

Is there a glitch or am I missing something. Would appreciate help and advice. Thanks.

I have a education loan with Bank of Baroda. The savings account linked to this bank is a joint account where I am a secondary holder and my mother is the primary account holder.

If I make EMI repayment from this account, will I be eligible for 80E deduction?

Note: The loan is on my name.
Also, I tried for an ECS from my salary account in HDFC but the bank is refusing that and advising to make payment through BOB savings joint account, so I will be transferring from salary account to BOB account.

Sir,
It assess 26as download recently f.y.20-21.
Sec 206cq
Name of collector : ICICI Bank
Total amount paid/debited:1015.13
Total tax collected :nil
Total tcs deposit:nil
Question:
Above 26as view'transactions show procedure in books.

Dear Sir/Madam,
Pvt Ltd Company is registered in Gujarat (service provider) & having TAN no. recently company opened new office in Mumbai & registered with GST. Now the query is whether company needs to obtain NEW TAN with mumbai address or can deduct & deposit TDS with Gujarat TAN No ? kindly advice
Thanks

Sir.I newly joined the company. And in initial stage they have given a income tax case .the case is that they have not filed the itr for f.y 16-17.Dept has repeatedly sent the notice to the proprietor .but due to non awareness of notice received from income tax they didn't respond to that notice .at last dept calculate the tax of 3.5 crore by applying best judgement assessment .now the problem is that they didn't made any record for that period .bcoz they are retailer of haldiram product and all sales are at cash sales.they given two docummt one bank statement where number of cash de post is there .and second one excel sheet where all purchase detail is mentioned.but there is no purchase document physically .pls help me to finalise the case .I am treating all the receipt in bank statement as sales transaction .is this method right or not .