I am a salaried person and get monthly hra. I want to claim exemption of hra by paying rent to my parents so is it mandatory to enter into rent agreement or can I pay the rent and claim exemption?

Hello,

I have read an article in this forum, that TDS is not deductible on Interest paid on accumulated balances, both Employee and Employer contribution, at the time of PF withdrawal.

I need advice for the below situation.

An employee has left the company, an MNC in India and after 4 years, applied for PF withdrawal in current FY. The employee is not working since then. The PF account is more than 15 years old.

The company deducts TDS at 30% on Interest paid on employer contribution and 10% on Employee contribution accumulated balances for the period of 4 years ie the period after the employee has resigned till the PF withdrawal.

Is the company liable to deduct TDS? And Is the former employee liable to pay tax on the interest amount?

Thanks
Tina

The assesse claimed compensation from Buyer of Joint Family Property.

Property owned by Grandfather was inherited by all 5 sons. One of the son sold the property without consent from others in 2012 & kept all the proceeds.

The assessee Holding 1/5th share demanded Compensation from the Buyer through Court & received compensation of Rs 25,00,000 from the Buyer of the said property.

What will be the Taxability of the assessee ?

Please let me know whether the Superannuation settlement to the member is Taxable if completely withdrawn.
Also, if the member provides the Medical certificate stating "Chronic Renal Failure" duly signed by the Panel Doctor, is it Taxable ?
The member is a Senior Citizen.
Kindly reply.
Thanx

Does anyone know how to rectify Form 10AC (filed for provisional registration under Section 12A). Section selected in application form 10A was Sub clause (vi) of clause (ac) of sub-section (1) of section 12A instead of 12A (1) (ac) (i)? Rectify form 10AC button, which is given on the portal does not work. It takes us directly to verification page.
Please help. It is extremely urgent.

what is full form of INET CRN while depositing CBDT .

Dear Sir,

In balance Sheet non Corprate entities format have Capital detail under
Name of Partner/ Proprietor/ Owner
"Share of profit/ (loss)
(%)"
As at 1st April 20XX (Opening Balance)
Capital Introduced/contributed during the year
Remuneration for the year
Interest for the year
Withdrawals during the year-
Share of Profit / Loss for the year
As at 31st March 20XX (Closing Balance)
So where we mention if a proprietor have some Insurance policy, PPF deposit amount. health insurance etc
please suggest

My employer ( Gujarat University) is seeking recovery for the the one wrong increament which they gave me in 2007. Through out these years University has deducted the income tax (TDS) for the payment they made as salary. Since the income tax has been paid on the amount University is asking for recovery how do I claim the income tax refund for the amount which I have to pay to my employer (Gujarat University)

I AM A SALARIED PERSON FILED MY RETURN IN OLD REGIME IN ORIGINAL BEFORE THE DUE DATE U/S 139(1) THEN AFTER I REVISED MY RETURN IN NEW REGIME BEFORE 31.12.2022 BUT THEY HAVE NOT ACCEPTED MY REVISED RETURN IN NEW REGIME. IS IT CORRECT TO OPT FOR NEW REGIME IN REVISED RETURN.

Pl clarify
1.whether cost of purchase/ development for indexation can include periodic property taxes paid till disposal.
2. Whether only capital gains can be invested in capital gains account with bank before due date for filing IT return by the seller individual.( i.e, before 31st July)