Hi
Suppose I m doing job in Mumbai and have opt for HRA from company.
Can I claim HRA From my mother who is living in non metro city.
By having a clause of 40% of salary.
And I ll transfer every month some amount in her account.
Question 1:can I claim HRA paying to Mom
Question 2: do i need rent agreement
Question 3:If I have any property in Mumbai still I can claim HRA.
PLZ REPLY

Respected Sir/Madam,
I have booked a flat in gurguram in 2013. Builder not given possession on time. Builder agree to paid principal and interest. Builder paid interest without TDS deduction. Is interest amount is taxable for me and tax will be paid ?

Dear Experts,

Can anyone please help me to rectify the following error. (Verification pan should be same as any of the key pan in Part A General 2) While i am submitting the ITR 5 error is coming. even after updating the partner details in Part A General 2.

Thank you
Vijith T K

I have income of Rs 2 lakhs from intraday trading in equity for the financial year 2023-24. Where I am supposed to show this income in ITR 3 form?

Where am I supposed to show my post office savings account in itr for the financial year 2023-24?

Sir/Madam
Please clarify
For AY 2024-25 if ITR 3 with Professional Income Salary and Other sources Income is Filed under new regime can I revise ITR 3 and file it under OLD Regime.

Confusion while filling ITR2
- I have a joint commercial property in my and my mother's name say owner A and owner B with equal share.
- It has 2 floors given to tenants, say tenant A and tenant B.
- Ground Floor - Tenant A - Annual Rent - Rs. 5,00,000
- First Floor - Tenant B - Annual Rent - Rs. 4,50,000
- Annual Property Tax Paid - Rs. 50,000
- The tenants distribute the rent between Owner A and B and transfer to respective Accounts.

1. While filling in ITR2, I have to fill 2 House Property as Ground and First Floor?
2. Expense of Property Tax should be divided in 4 Parts ? - Owner - Tenant - 12,500
3. The ITR 2 individually be like:

House Property 1 - Let Out - Owner A - Tenant A
Annual Rent - 2,50,000
Property Tax - 12,500
NAV - 2,37,500

House Property 2 - Let Out - Owner A - Tenant B
Annual Rent - 2,25,000
Property Tax - 12,500
NAV - 2,12,500

House Property 1 - Let Out - Owner B - Tenant A
Annual Rent - 2,50,000
Property Tax - 12,500
NAV - 2,37,500

House Property 2 - Let Out - Owner B - Tenant B
Annual Rent - 2,25,000
Property Tax - 12,500
NAV - 2,12,500

Please advice.

I am a salaried employe with STCG and LTCG. I have filed ITR 2 for AY 24-25 as per the old regime and want to file a revised return after observing few mistakes. At the same time, i found that new regime will be more benificial for me. Is it possible opt new regime in the revised return ?.. Pls provide the link of actual rule in IT act

For Schedule AL, the limit is Total Income of 50 Lakhs

1. Total Income = Gross Income - Set off Losses of Last Year - Deductions Available - Agriculture Income
2. Total Income = Gross Income + Agriculture Income - Deductions Available
3. Total Income = Gross Income + Agriculture Income - Set off Losses of Last Year
4. Total Income = Gross Income + Agriculture Income - Set off Losses of Last Year - Deductions Available - Agriculture Income

Please advice.

Sir,
Our company offering a plan of Virtual plot, our customer will purchase Virtual plot and We will give them to monthly Rent of 21000 per month, (Rent will pay, condition will mention on each Invoice) Now my question is tds deduct on 194I (Rent) or 194A (Interest).