One of my client pay salary of Rs.25,000 per month to an individual - annual salary is Rs.3,00,000. Is this to be declared in 24 Q ?
Please let me know the minimum annual salary, which need not be declared in 24Q

Thanks
R S Sai Kumar

my total tax liability is 0 after 80c deductions

Dear all

Status as per Income Tax – Mrs. Xyz1
a. One of my client was married and went to America along with her husband on 11th March 2020.
b. She came to India on 28th February 2021. Returned to America on 23rd April 2021.
c. She came to India on 8th October, 2022 and returned to America on 26th March 2023.
d. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Status as per Income Tax – Mrs. Xyz2.
a. She went to America for further studies on 3rd August 2021.
b. Since then she has not returned to India
c. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Thank you
R S Sai Kumar

my wife is working as lecturer in a college on contract basis. the college deducted tds from her payment of Rs.4 lac under section 194 c . college also issued 16 a form form the same . In the 16 a , clearly mentioned 194 c section. As per my knowledge for the tds 194 section one should file return under itr3 professional schedule. But I have confussion that which professional code is to select

Dear Sir, During the FY 2022-23 I have received 5 years NSC maturity amount which includes interest of Rs. 200000/-approx. However, while filing Income tax return, I have shown interest on accrued basis (Say every year 40000). Now current year AIS shows interest of 200000/-approx . and as against I am showing interest only 40000/-

Whether this will show mismatch of Interest? Is there any provision in return to bifurcate year wise interest? What steps to taken to avoid notice?
KGs

Dear Sir,

what is the TDS applicability of fooding bills of hotel

Hi Sir/Ma'am,

I have done a payment of 25k of advance tax. The challan was generated and I have saved that PDF. But on the income tax portal, it is not showing in the generated challan tab. The payment was done on 26th of June and it's visible in the payment history tab but not in challan tab.

I have to do another payment of advance tax but I'm waiting for confirmation as this was the first time. Please suggest about the generated challan.
Also, is there any other way to verify the same?

Thank you

Last year I have filed ITR-2 to my friend since he had loss in investment in MF and shown in ITR-2 and processed with CFL. This year no activity in MF ( no loss or no gain) for him. She’ll I file ITR-1 for this year ( take breaks) and next year ITR-2 to take advantage of CFL if needed?pl clarify.

I created Form 26Q for Q1 FY2023-2024 using TDS RPU 4.6 (latest), validated it with TDS FVU 8.1 (latest) and after validating file successfully. I put the FVU file in a zip and filed the e-TDS. And as soon as I filed it, instantaneously it was rejected and reasoning was [Rejected at E-filing: Line 1- Invalid File]. The file itself is error free. I have re validated it. What to do? I have filed TDS return before and selected 'Yes' to 'Have you filed 26Q for earlier period?' and also mentioned the receipt number.

Hi everyone,

I have one doubt, as per IT act we can depreciation based 180days concept. Suppose assess wants to claim for 8days because asset put to use on 24th Mar.

There is any case for law for the same.

Regards,
CA Gunasekhar