By virtue of Rule3(7)(iv), only gifts paid in excess of value of Rs.5000 will be taxable as perquisites u/s 17(2)(viii). My clients employer had deducted TDS on entire amount initially & in March salary had adjusted the wrongly deducted tds. But form 16 still shows the entire amount as taxable against value of perquisites. Now in ITR if I offer only amount exceeding 5000 for tax, there will be a mismatch with Form 16. Will this cause any problem?

TDS on dividend received how to calculate ,
if Powergrid Infrastructure Investment Trust provide.

How to claim HRA IF CO HAVE NOT SHOWN IN FORM 16? CO HAS UPLOADED LTC OF RS125000/ in form 16.How to claim LTC AND HRA IN INCOME TAX RETURNS?

We paid the tax on rent u/s 194IB for the FY 2022-23 on May 31st. Along with rent, we also paid the late paying interest. But while filing the 26QC for the same, when we select the Date of Payment and Date of Deduction as 31st May 2023, the FY was auto populated as FY 2023-24. When we tried to file a correction statement, we were able to change the FY to 2022-23 only if we make the Date of Payment and Date of Deduction as 31st March 2023. Kindly advise us if there is any way to make the FY as 2022-23.

while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000"

Dear sir

My actual salary is Rs 12 Lakhs
My employer shown in 26AS as 26 Lakhs, TDS ded Rs.1.1 lakh

I intimated to my employer , he said he will revise

As due date is very near 31st July, shall I file my ITR with actual values

Please advise

U/s 44AD - Presumptive Scheme. How can we categorize payment rec'd in cash, Bank, tds & bad debts under 6% & 8% ?

Hi Team, I have a query on carry forward losses. If someone has loss in FNO in FY2021-2022 and he has filed ITR3 with loss. But in 2022-2023 he has not done any fno trading only has capital gains .So, current year which ITR he should file to get the carry forward losses from previous FY. Whether carry forward losses will be shown in ITR1 and ITR2 also?

Dear Sir,

My friend has received Rs.3.85 Lakhs in Cheque (TDS) deducted, 3.10 Lakhs in cash

Shall he file ITR - 3 & show receipts in No account case, declaring Exp @ 40%.

Please advise

I selected wrong assessment year and minor head while paying self assessment tax challan for AY 23-24
I have submitted letter to AO for correction in challan 24-25 days ago but corrections have not yet been made
In this case ,I may receive demand notice, how to reply it?