DEAR SIR,

SECTION 80CCD(2) DEALS WITH DEDUCTIONS CLAIM AGAINST EMPLOYER"S CONTRIBUTION TOWARDS NPS OR ATAL PENSION YOJANA. IF EMPLOYER"S CONTRIBUTION PART OF THE SALARY THEN COULD CLAIM THE DEDUCTIONS UNLESS SHOULD ADD BACK TO THE GROSS SALARY AND DEDUCT.

REGARDS

WHILE FILING REVISED FORM 10B FOR THE A.Y.2023-2024 WE GOT BELOW MENTIONED ERROR . HOW TO RECTIFY

Error : Invalid MetaData One or more of the below attributes does not match in the uploaded JSON, please check and rectify: (i) PAN of Taxpayer (ii) Assessment Year (iii) Filing Type (iv) Form Code (v) CA Membership Number

I had purchased a property jointly with my wife and which will be fully financed by me. Now my wife has received an e-campaign notification asking a feedback on this SFT entry of property purchase. She has already filed and ITR and it's processed. What should be the feedback that should be selected

Dear Sir
I purchased Stock\Shares of large price (qualified as "High Value Transaction") in June 2022 and sold all of them after 1 month in July 2022.

While filing ITR2 i forgot to choose "Purchase of securities and units of mutual funds" category but only filled "Sale of securities and units of mutual fund" category

my question is : Do i need to refile an updated ITR2 or just mentioning sell details in Short term capital gains is sufficient?

Any information will be appreciated
Kind Regards
Rakesh

We received message from e-compaign portal for high value transaction to submit the feedback.
But it is showing in the portal as 'Closed' status whereas we have note submitted any feedback.
Should we require to take any action ?
Please advise.

Dear Team,

Showing below error while filing Form 35, please suggest

"Response form Server:
Please fix the following issues and try to submit again:
Invalid Flag.
Invalid Flag."

I had purchased a under construction property jointly with my wife and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder. Now my wife has received an e-campaign notification asking a feedback on this SFT entry of property purchase. She has already filed and ITR and it's processed. What should be the feedback that should be selected?
1. Information is partially correct and select the transaction amount as zero
OR
2. Information belongs to another PAN and give my PAN details and put the complete transaction amount on me
Please guide

Hello ,

Our company has purchased a land, and the builder himself has paid the TDS.

It is reflecting in our 26 AS , so we have taken credit of it.

We have now received intimation u/s 143(1), they have reduced the credit to that effect.

please advice.

Hi All,

I have let out a flat. The flat is co-owned by me and my wife. I also have Home Loan and Top Up Home Loan on this property.
Till March 2023, I have paid all the EMIs from my bank account since my wife was not working. She has recently started working. However, the EMIs are deducted from my account (That's the arrangement between us).
For the let out property, Rent is credited to a joint account but the rental agreement is done in my wife's name.

Here are my question.
1. Can we divide rental income equally or the rental income must be considered into my income since I have paid all EMIs till now.
2. Home Loan and Top Up Home Loan interest deductions would be applicable to both of us?

Thanks,
N

Dear Experts,

One joint property is sold in FY 2022-23. Accordingly in ITR of individual owners only 50% respective share is shown under Full consideration and cost of acquistion.

However in AIS, entire sale amount is showed for both the owners.

Now there is SMS received from Income tax regarding high value transaction reporting whether the same is correct or not. Please advice whether ITR was correctly filled in this case? If yes/no , what further compliance needs to be done

Regards,