An Employee has Basic Salary of Rs:4.5 lakhs & PF Deduction is Rs:-54,000/- and Equal Contribution by Employer Also. Employee Also Had 80C Investment of 1.5 lakhs. My Question is How The Employer Contribution will Be Treated in Computation of Income

Salary 4,50,000
Less:-Employee PF Contribution 80C 54000
Less:-80C Deduction(Balance Limit) 96000
Net Taxable Income 3,00,000

or


Salary 4,50,000
Add:-Employer PF Contibution 80C 54,000
Less:-Employee PF Contribution 80C 54,000
Less:-80C Deduction(Balance Limit) 42000
Net Taxable Income 3,54,000

URGENT URGENT URGENT
1)ERV highest of 2
FRV MRV
2)AERV least of 2
ERV SRV
3)ARV
Rent received + outstanding rent - in realised rent
4)Highest of AERV ARV selected And
5)Adjusted ARV is ARV - Vacancy lose

Doubt:- *****1)Even after vacancy loss do we need to take Highest of AERV and Adjusted ARV and then it's GAV And
2) in this if we take this condition we should apply ARV = GAV if only due to vacancy and if not GAV = ERV
3)Or else Only after Adjustment of vacancy loss we will have gave
4)Is this proforma right?

I am filling ITR U For Aeesement Year 2022-23 Offline. Do I have to only fill the ITR U Form and Submit or have to Attach ITR 1 along with the ITR U. Please note that I have not filled the original ITR.

Sir,
I have filed Form 10IE of my assessee before ITR due date i.e. 31st July,22 ay22-23, But filed Belated- Return filed after due date on 13-11-2022 u/s 139(4), Now department disallwoed my claim of u/s 115BAC. My query is that the department right, or if department is right, Can now I file ITR-U in 139 8A and claim 80-c.

Dear Sir,

With respect to above mentioned subject line request you to kindly let me know what will be the Tax Treatment for Virtual Digital Assets. Is it mandatory to provide Feedback in AIS before 31 Mar, 2023 or it will be fine to provide Feedback during submission of Income Tax Return for A.Y. 2023-24.

Warm Regards,
Aditya Ghatge

Respected sir/ madam,

I am filing Form 10A for re-registration on income tax portal for claiming exemption under section 12A of Trust/Society as per Circular No. 6 of 2023, dated 24th may,2023, which extends the due date for filing re-registration of claiming exemption.
As the section code for re-registration of existing trust/ society for claiming exemption under section 12A is 01-sub clause(i) of clause (ac) of sub section (1) of section 12A. but this section is not showing while filing the form 10A.

Therefore, requesting you,please give suggestions regarding this error and suggest for any other section regarding re-registration under section 12A of trust/society.

Hi,
I have received invoice from vendor in Mar-23 amounting to 53,100/-
Taxable : 45,000/-
IGST : 8,100/-
Total : 53,100/-

We have deducted the TDS @10% amounting to 4,500/-, and now TDS return also has been filed.

But we haven't initiated remaining payment after deduction of TDS. For some issues in service we want to raise debit note for entire invoice, so what will be the effect of TDS in Debit note.

Should we revised the TDS return or collect TDS amount from vendor ?

Hello,

Suppose, I am foreign citizen and Non resident since 15-16 yrs and hold PAN card so is there any rule to update my residential status as per income tax site India. basically I have bank account(NRO) in India but income is below taxable limit hence I am not liable to file income tax return in India.

please guide in this matter urgently whether do update my resident status without filing of ITR to income tax site , shall I apply for New PAN as foreign citizen and surrender old PAN?

when i am trying to uploaded excel form on income tax portal 15g then showing date format error

i am not filled within due date ITR AY-2022-23 , but now i want fill this then i want know which under clause fill ITR . pls say me thanks