Hello Everyone,

My mother is a 75 year old pensioner from a central govt org, for FY 2024-2025, i found that her income tax was deducted for 13 months instead of 12 months. Her organization had credited an additional month salary and they deducted income tax for the additional salary.

We have not received form 16 for the FY 24-25 form the central govt org, till date.

I have to file return for FY 24-25 for my mother, how can i get my data corrected in Form 16 and is there any way by which additonal salary credited issue and additional income tax deduction can be fixed?

Kind Regards
Nimish Dubey

My employer is not issuing revised form 16 as such , the gradutiy income was deducted with out including in total earning . resulting taxable income inbelow 5 lac . but as per salary received , i ahve to pay tax and was collected qty basis and deposited to IT alreday .

how to file the now

A business entity registered under GST is issuing Rental Service Invoice against Rent Received every month from B2B tenant. These Rent Invoices are uploaded in GSTR 1 along with sale of goods made by the business. The Annual Turnover reflecting in AIS in inclusive of rental service provided. For eg Rent received 12 lakhs annually along with turnover for sales of goods of 50 lakhs. The total turnover in GSTR 3B is 62 Lakhs but it cannot be shown as business income and cannot pay taxes at 6% or 8% of turnover. The reporting of 12 lakhs rental income is shown under head income from house property. My queries are
Q1. The Data entered shows mismatch between GST Turnover mentioned (62 lakhs) and its bifurcation (50) lakhs in 6% and 8% also chances of notice getting issued for mismatch in turnover?

Q2. The 44AD Scheme mentions for Gross Receipts but AIS shows Net Turnover Reported in GSTR 3B. The Gross Receipts mentioned (Turnover including GST) exceeds Net Turnover Reflecting in AIS (without GST). How such Net Turnover can be bifurcated into Gross Receipts in Bank / Cash Mode.

a temple trust is claiming 11 exemption since 25 years having old 12a registration.
my doubt comes --> is 10AB required to be filed for asst. 21-22? I feel its only required to be filed now before sep 2025 for renewal of 10AC right for next 5 years?
But was it required for old years? say was 10 AB required for asst. 2122?

my view--> no 10ab IS ONLY required now, for next 5 years . Department cannot insist 10AB for old years, asst. 2122 (as trust is reqigstered u/s. 12A under old provisions since 2001). Trust already has 10AC from asst. 22-23 onwards.

Hello All,

Please help in providing a suitable salary structure which will ensure minimum tax liability for the employee and at the same ensuring that the company is tax compliant .
Would appreciate an early response ,
Thanks for the support
regards
Varun Monga

According to income tax and GST law if we have digital certificate and if issue sales invoice to the customers should we take sign of the customer or we can just do digital signature and then send via online platform
And if you don't have digital signature should we take signature of the customer in the sales invoice or not necessary thank you

We had purchased a residential property in joint names which included me, spouse & daughter. Since property value was Rs. 77 lakhs, TDS has been paid in fy 2019-20 & agreement to sale was signed in 2020-21. Subsequently the sale deed has been signed in 2024-25 and this transaction of sale deed is reflecting in AIS of 2024-25 for me, my spouse & daughter.

I have 2 queries:

1. Since the TDS has been paid in fy 2019-20 should we correct the same in AIS by option it under - Information pertains to previous year/PAN.

2. The entire TDS was paid by me since the entire payment is made by me. Should I show the transaction value as "0" for my spouse, daughter and the entire transaction value of Rs. 77 lakhs in my AIS.

Thanks

My parents have expired leaving behind a registered will in the name of three children and out of three children. Two are US citizens. I am Indian citizen and I want to pay them their 33% share each and claim the property as mine. Both the children in USA. agree to this, how to go about executing this keeping in mind tax implications for all the children. Property is in Noida. We are Hindu. Thanks

I had claimed 54 f last fy 23-24 of rs 74.58 lacs. shares sold on 10/08/2023 / flat purchased on 25/08/2023 .

I purchased another flat in FY 24-25 on 18/11/2024.

Since I have purchased another flat on 18/11/2024 ie within two years of sale of original asset ( sold on 10/08/2023) , understand that the capital gain of rs 74.58 lacs claimed last fy 23-24 will be added back in FY 24-25.

QUERRY - SINCE THE CAPITAL GAIN TRANSACTION TOOK PLACE BEFORE 23 JULY 2024 , WILL I BE TAXED AT 10 % LTCG

regards

Dear All
One of my client received ex gratia payment from govt school on regular monthly basis and the amount was 12 Lakh. Employer deducted TDS u/s 194C on INR 3 Lakh i.e.90000.

what form of ITR and where it will be show? can we show under income from other sources all amount?
please advice.
can we show income under salary to file under ITR-1?