I'm filing my ITR3 and getting the following error during validation. The "Gross Dividend" detail was prefilled. Dividend Income must be equal to 1a(i) of Schedule OS - DTAA of Dividend - System calculated value of Interest expenditure u/s 57(1)] of Schedule OS

How do I resolve this error? Please advise

A person not working in the F.Y 2021-22 A.Y 2022-23, But he withdrawn the PF amout. They have deducted TDS for this withdrawn.

How can show this as income and get refund this tax deducted amount.

How speculative business income/loss have to shown in ITR? One of my clients has intraday trading and he incurred 95149 loss from it, however his sell value is 10,09,33,732 and 10,10,13,984 is cost of acquisition . so what values should i consider in ITR? and they have given speculation turnover also, i.e., Rs.3,07,865/- I know it will be treated under INCOME FROM PGBP? However I don't know whether under 44ad or not? And what value should I consider and under which section I have to shown this loss?

The assessee had no revenue for the FY 2021-22, but had some fixed expenses of business. There also TDS against FD and debtors for previous financial years . My question is does he has to file his income tax return with business loss without audit before 31st July 2022 or with audit after 31st July 2022.

Please suggest and thanks...

Sir,

One of my friend is a BHMS doctor received income of Rs. 3,30,618/- from Medical college as salary or professional fees he did not know because the college did not issue form 16 then he asked what they treat that exp they told as salary. HE also doing part time his clinic earned approximate Rs. 70080/- and during the fY 2021-22 he also received agriculture income of Rs. 50000/-

Kindly suggest which ITR Return he can file and also treatment of Rs. 330618/- as salary or professional fees

Thanks & Regards

Hi, 

I was employed till 2020 and was filing ITR 1. Now I am a full-time entrepreneur and have income from my venture and interest income. I have not maintained books of Account so far.

1. Which ITR should I file from the current year onwards? ITR 3 or 4?

2. Should I maintain books of account from the Current year onwards? If Yes, then can I include all the previous assets (stridhan etc)? Will that  have any impact?

Request for a prompt response, since we are left with just 3 days for ITR Filing. 

Thanks.

Hi,

i was trying to put Shares market figures (which is bought n sold in the same FY)

wanted to know what kind of shares comes under 15% and what comes under 30%)

A property in possession of 1997 of Rs. 49 L sold on Mar 22 at Rs. 51.50 L arising a LTCL of Rs. 5.60L ( as per indexation available). Assessee further bought another property in Mar 22 (same month after the date of sale) at Rs.66 L. How to show the property purchased in income tax return (as it is appearing in TIS of income tax authority) as there is no capital gain which is reinvested. Please advice. Thanks in advance

X is a SALARIED PERSON. He does F&O Trading whose T.O. is around Rs. 10 lakh only during his free time.

For FY 2021-22 he got loss of around Rs 1 lakh due to F&O Trading.

He has 2 options, to the best of my knowledge -
Option 1 : Disclose his F&O Trading result of net loss and get himself tax audited so that he can carry forward it.
Option 2 : Choose presumptive taxation and declare 6% as income.

Is there an Option 3 wherein does not disclose anything about his F&O Trading since it is a loss anyway?

My relatives(Wife & Husband) having Joint Bank Account and they have Fixed Deposit in that Bank Account, In case of Joint Bank Account Interest on Fixed Deposit and Saving Deposit should be shown as income from other sources in Wife's ITR or Husband's ITR or in both the Income tax return. Please help