ARCHANA
This Query has 3 replies

This Query has 3 replies

Sir/Mam,

Retiring Person Receiving Pension , in this pension standard deduction applicable or not

80TTA Senior Citizen How much Deduction .

Plz clarify my doubts

Thanking you,


Miss Riya
This Query has 1 replies

This Query has 1 replies

I have redeemed mutual fund on 30.march.2021
But the amount got credited in the bank on 2.April.2021(change of financial year).
For FY 20-21 I haven't declared this mutual fund income and filed ITR 1 though it was showing I AIS portal, return got processed also, but now for fy 21-22 do I have to file itr 2 for the same and declare that income or my previous return was wrong?


Amandeep Singh
This Query has 3 replies

This Query has 3 replies

25 July 2022 at 11:52

ITR-1 Filling FY 2021-22

Dear Sir,

I am filling ITR-1 I have deposited Rs.37000 in PPF account When i show under 80C column it show warning in Red. deduction u/s 80C is more then deduction detail by the employer.please re verified
(2) Same warning again when i show saving interest deduction 80TTA Rs.10000. my saving interest is rs.12231
(3) I have fd in bank but bank not deduct Any tds because interest is under limit.But 26 As and AIS form Show full detail Detail of Tax deducted at source. for example Section 194 A transaction date, amount paid credit etc so can we need to show ITR-1 Under Scheduled TDS.2 Detail of Tax deducted at source from other then salary.
Means Tan of the deductor, name gross receipts, year, etc please suggest


Suresh S. Tejwani
This Query has 3 replies

This Query has 3 replies

what is due date for the pvt ltd companies whose tax audit is not applicable ?


professional
This Query has 7 replies

This Query has 7 replies

25 July 2022 at 09:51

Refiling of ITR AY 22-23

Dear Experts,
I have to refile my return for AY22-23, as the ITR was filed with some Taxes due (approximately, 30 K). These Taxes were later paid as self assessment Tax, just within a few days after filing my return, however they still not updated in the ITR site, as of now. I am contemplation to file revised return asap, to avoid getting a notice of faulty or defective return from IT dept. I shall file revised ITR and update the TDS paid.

Please assist on the following information:

1) How can I file revised return without the inconvenience of entering each and every information again in the ITR-3. Can I upload the previously filed information in the revised ITR. I intend to file the revised return off-line, in the same way I had filed the original ITR.

2) What I find confusing is there seems to be multiple options in the Income Tax portal (~like-upload prefilled data, upload json file, etc.), now what is the difference ?

3) Request if you could provide "step by step" information (main steps), to file revised ITR and to upload the same information, as last time.

Thanks and Regards.


mahender
This Query has 1 replies

This Query has 1 replies

24 July 2022 at 23:38

It law regarding leave salary

i had resign the a private company in (ie 20th june 2020) financial year 2020-21 and get the gratuity and leave encashment and taken the exemption of both in ITR filled for the concerned year as per IT law.

But in the next year (i.e november 2021) in again join the same company and getting salary, so i want to know is there may any problem in income tax while filling the ITR of fy 2021-22 regarding the exemption taken of leave encashment in last year.


Dharam Pal
This Query has 2 replies

This Query has 2 replies

25 July 2022 at 15:15

ADVISE ON HOME LOAN TAX BENEFIT

Please advise tax benefit avail both wife and husband Rs. 2 Lac each on Home loan Interest if property purchase Joint name and the property use in self occupied 2.Also advise is it any condition for payment of EMI from both Bank Account or Joint Account?
Dharam Pal
9810600330


Nimesh Singh
This Query has 1 replies

This Query has 1 replies

24 July 2022 at 20:56

Off market Credit Transactions

My aunty received off market credit transactions worth Rs. 7.5 lakhs + by way of transmission of MF units due to demise of her husband and the same is shown in AIS for FY 2021-22 .As on 31.03.2022 she continues to hold the same and has not redeemed the above MF units.

Whether the same will be taxable in her hands while computing income for F.Y. 2021- 2022 ? Whether the same to be disclosed in ITR ?


Vardhan
This Query has 2 replies

This Query has 2 replies

25 July 2022 at 15:15

Form 10E: Adhoc paid in arrears

I have the Arrears Summary as follows:
Gross: 2,10,000
Adhoc Paid: 30,0000
Gross Taxable: 1,80,000
Provident Fund: 38,000
...
Gross Arrears Paid through Salary: 1,80,000 (Same as gross taxable mentioned above)

The arrears is for the last 3 years, i.e., 2018, 2019, 2020 and I have the statement regarding the division of the arrears for each month of last 3 years w.r.t the Gross amount (2,10,000). But in the payslip of the month (April 2021) in which I received the arrears, only the gross taxable amount is paid and displayed. I'm unable to find the adhoc payment of 30,000 anywhere.

For filling the form 10E, should I fill it for the gross amount (2,10,000) or only for the gross taxable amount (1,80,000 which I got paid in April 2021)?


ravi shankar
This Query has 4 replies

This Query has 4 replies

24 July 2022 at 20:02

Claim for Relief u/s 89

Arrears of Pension for 6 years or so from 2016 were received from State Govt. in April 2022. There was no TDS from Pension before receipt of arrears. But after payment of arrears, besides TDS on arrears, some amount is being deducted from monthly pension as TDS towards Income Tax. If only pension amount of current FY is taken into account there will be no Income Tax dues for AY 2023-24 Sirs, (1) Is there any way to get TDS from monthly pension stopped? (2) Is there any due date to file Form 10 E to claim relief u/s 89:- can it be done before completion of the FY or has it to be done after 31March but before due date for filing ITR (normally 31July)?






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