I want like to know about, how to file TDS Correction Statement against TDS demand Notice received for department.

TCS NOT CLAIMED IN PREVIOUS YEAR, BECAUSE TCS AMOUNT WAS NOT UPDATED IN 26 AS AT THE OF FILED RETURN . BUT NOW THE TCS AMOUNT HAS UPDATED IN A.Y. 21-22 AND SHOWING IN 26 AS (A.y. 21-22 26AS) ON DATED 13/05/22 (TRANSLATION DATE WAS 01/02/21). A.Y. 21-22 HAS FILED WITHOUT TCS CLAIM. SO , NOW HOW TO CLAIM THE ABOVE SAID TCS AMOUNT ?

Seen in income tax portal Notice issued under section 139(9)for AY 2021-22 but no email was received. Besides E proceedings also not shown anything atleast would have shown time barred. Pending for action also not shown anything
how to proceed now since refund is there in AY 2021-22
whether request again to CPC to send notice or what is the procedure since taken lot of efforts to file ITR for FY 2020-21
experts kinldy advise and help us to complete this task

I am a share holder in private company. During the year i have transfer some shares to my wife with out any consideration. During the year my wife have received dividend income from that company as based on shares transfer by me. In this situation the dividend is taxable in the hands of my wife or me. Any clubbing provision appeared in this senario?

Hi

I had been filing returns as a resident. From last fiscal year, I became NRI and since there was no indian income, I didnt file returns. I have been getting automated reminders from IT department to file returns. Should I contact them to tell them that I have no indian income, hence not filing returns? what is the process?

Dear Sir,

I had an employee with 1500000/- per Annum in which 50% HRA included. He pay Rent of rs 45000/- Pm .He joined us on 01-07-2021 and resigns on 28-10-2021. in his tax saving declarations he claimed deductions U/S 80C Rs 150000/- but no proofs provided as he leaved earlier and we collect investment proofs last cut off date 15-02-2022. so we show salary in form 16B whether to consider 80C deductions and HRA Exemptions or not??

Please provide asap

Thanks in advance

Mr. X and Mrs. Y are husband & wife and they are taxable assessees in income tax
they jointly taken home loan and purchased building

both are applicants in home loan but EMI is deduction from one person only (EMI per annum 4,20,000)

now can both claim deduction in income tax? (home loan interest and prinicipal)

Form 26AS shows TDS deduction US 194A while my client is small transporter and having income from 2 Trucks only. Even last year same DEDUCTOR did not deduct TDS and treat it US 194C
what should we do in this case

One of my client is a NRI who owns a flat at Bengaluru at present my client is located at Singapore and Bengaluru flat is vacant. my query is whether he can claim deduction for interest paid on loan taken for purchase of house property u/s 24 ??? if yes whether the property is to be shown as SOP ???

Dear Sir / Madam,

During FY 2021-22,Mr A was earning professional income. Besides this, he was also trading in shares.

The sales value of shares trading is as follows:
Speculation - Rs. 18,46,034/-
Short Term - Rs. 1,97,70,738/-
Long Term - Rs. 1,71,863/-
============================
Total Sales value / Turnover - Rs. 2,17,88,634/-

Will he be liable for Tax audit in this case?

Secondly, what if Sale value of Short term trading alone exceeds Rs. 2 Crore, will the tax audit be applicable then?

Kindly guide.
Thanks & Regards,
Suraj