Hello,

- widow is receiving pension of Rs. 2500 p.m. is it to be shown under income from other sources ? is it exempt ?

- widow is receiving rent of Rs. 20,000 p.m. from the property which she is also residing ? it is to be shown under income from house property ? (widow is also doing boutique business in this property )

Sir/Madam

I required urgently profit/sales calculator on sale of capital assets of company in excel format.

thanks in advance

Sir,

In the course of the sale of a car valued above Rs.10 lacs, i am obliged to collect TCS @ 1%. In the course of receiving payments from the customer, i receive a payment in cash in excess of Rs.2 lacs. Is that permitted as i have have charged TCS on the whole transaction, or i should not collect cash at all?

I am a senior citizen and wasn't aware to claim 80ttb deduction from last 3 years ,can rectification be done for same so that i can claim refund? can i add deductions to previous year returns?

Dear Sir, I have salary income from one Bangalore based company from Apr-21 to Sep-21. They had TDS of Rs. 12000/- from my salary. But not remitted to IT dept yet. Income as well as TDS is not seen in 26AS. That company is now in under bankruptcy process & don't know when remit it.
Secondly, From Oct-21 to Mar-22, I have income from of technical visit fees etc... (approx. Rs. 2.25 lac). Now deadline for filing IT return is near. Kindly guide me how I can file IT return.
Thanks & regards - Sanjay

Sir
My son received loan for purchase of shop and paid EMI per month to Bank. Please advise any rebate on Interest on Loan for purchase of Shop and how many amount of rebate
Thanks
Dharam Pal
9810600330

Sir/Mam,

Individual Senior Citizen

Dividend 17474,
SB Interest 37429
Deposit Int. 24300
Total 79,203

But in 80TTB online filling option only 24300 taking actually 80TTB is 50,000 Exemption

Please advise I will take 50,000/- or 24300 in online filing

Thanking you,

Dear Sir,
We are a start up company having 2 directors and both director's are taking Rs. 50,000/- per month salary. We have deducted the TDS against the Salary Amount but we want to know Salary Breakup which will be more beneficial for tax purposes.

Can I person who is into business of Developing and Selling of Plots claim section 44AD of Income Tax while filling ITR? If Yes, then what business code to be choose in case of nature of business?

Thank You

Do we need to file form 10IE(115BAC)
& form 10IC (115BAA for companies) every year ?? or we need to file during 1st year of opt in ??
second query is can we opt out from this sections ??
As per my understanding 10IE is required to file for ITR 3 or 4 once while opt in n not required to file again in subsequent years. form 10IE is required to file again while opt out & once opt out we cannot again opt for section 115 BAC. Form 10 IC is required to filed only during 1st year of opt in n not required to file in subsequent years. once filed form 10IC then cannot opt out of this section. Is this correct ???