This Query has 2 replies
What's is the due date of Tax Audit for FY 2024-25
This Query has 2 replies
I have both LTCG and STCG from Debt Mutual Funds.
I am filing ITR-3. Please guide me how and where exactly I need to show these gains in the return?
This Query has 6 replies
EPF amount withdrawn : 8,50,000 TDS : 85000 and Years of service : 3.5 years
1) Should this amount be shown as income from other sources or Salary
2) If shown as salary then where to show and what should be name of employer
3) There is a separate line item in income from other sources for accumulated balance of Recognised PF taxable at special rates with breakup of income benefit and tax benefit. Is it to be shown in this heading.
This Query has 2 replies
I am getting following message while filing my ITR.
You will not be allowed to upload the return, kindly correct the below errors in order to proceed further.
ITR1 Category of Defect A -
3 Error(s) found
Sl. Number Field Name Error Description
1 Description Minimum 1 characters are required
2 Year of tax deduction (Col 4) Please select deduction year from dropdown
3 Year of tax deduction (Col 4) Please select deduction year from dropdown
However no dropdown menu is available at the required page for errors at serial number 2 and 3. Also I don't know as to which page to go for error at serial number 1.
I will be grateful for any guidance.
Regards.
N.B.Lal
This Query has 2 replies
Hello Experts
Good Day !
Can anyone please help me to know the marginal relfie for Income tax and Surcharge for Individual salary income tax calculation purpose.
Thank you
Vijith T K
This Query has 2 replies
Respected Sir(s),
One person having carpentary labour work of wooden furniture so filed INCOME TAX RETURN under presumptive income scheme u/s 44 AD in last many years but in FY 2024-25 they are having loss in Future and Option trading having loss so my question is that can they file income tax return
(1) Labour work of wooden furniture work business in presumptive Scheme u/s 44 AD and
(2)Other business of Future and Option trading (having loss) in regular business (Other than presumptive scheme) ?
Further, please clarify that when i file IT return then the following field set yes or no ?
(A) Are you liable to maintain accounts as per section 44AA? :- Yes/No ?
(B) Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA * :- Yes/No ?
This Query has 2 replies
MY INCOME FROM SALARY FOR LAST FINANCIAL YEAR WAS 1,25,000/- AND INTEREST FROM
SB ACCOUNT IS RS.400/-
WHAT ITR SHOULD I CHOOSE FOR FILING.
WHILE FILING IT RETURNS IT SHOWS THE FOLLOWING
Are you filing the income tax return for any of the following reasons
what should i select...
Taxable income is more than basic exemption limit
or
Others
which i should i select
Pls clarify
Thanks and Regards
suresh R
This Query has 2 replies
I have short term capital loss on equity but have long term capital gain,but not able to put brakeup of quarterly loss in Itr 3 due to negative value.
This Query has 4 replies
I'm filing my ITR 3 as per my income sources and have a question regarding reporting my professional income.
I have to report my income under Section 44ADA on Sl. No. 62. Computation of Presumptive Income from Professions under section 44ADA, Part A - P & L.
I'm not maintaining books of accounts.
My question is: Do I still need to fill out Sl. No. 64? This section asks for information "IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED. furnish the following information for previous year 2024-25 in respect of business or profession-"
Any guidance on this would be greatly appreciated. Thanks in advance!
This Query has 2 replies
I have recently sold a propert whose value was more than 50 lakhs. The buyer has not deducted and deposited TDS on sale of property. What are the repercussions for me as a seller?
Tax Audit due date of FY 2024-25