If NRI opts u/s 115I ( Chapter not to apply if assess so choses ) in Chapeter XIIA ( Special Provisions relating to certain income of NRI. and is to file return u/s 139(1) but has got interest income in NRO Bank a/c and is classified u/s 195 of ITax Act FOR TDS , then in such situations will he be still required to be charged tax @20% on interest income OR it can be treated as normal interest income under head ' Income from Other Sources ' ( as he opts section 115I ) and tax be calculated as per normal applicable slab rates.

In such cases where TDS is u/s 195 on interest of NRO a/c but assessee opts normal slab rates u/s 115 I , and file return u/s 139(1), will it be correct as per law

In case of property sold by joint owners (brother & sister) - in the deed of sale which was registered a sum of Rs 21 lacs was paid to the sister and a sum of Rs 69 lacs was paid to the brother as per their understanding. The total sale value being Rs 90 lacs. The details of payment to each one of them by the buyer has been clearly stated in the deed as above. Banks records also show the same.
1) Will LTCG be calculated proportionately ?
2) In 26AS under details of SFT transactions (SFT-012 - sale of Immovale Property) the
amount shown is Rs 45 lacs - it is being shown 50% of total sale value for each. But this is not
true - do I still calculate the LTCG proportionately as actually received amounts of Rs 21 lacs and Rs 69 lacs?

Respected Sir ,
Can I take RGHS ( Rajasthan Government Health Scheme )Deduction under 80D

I was employed upto 2016 and then I am unemployed. I have an EPF account and as I am unemployed, there is no contribution by the employer neither by me to this account but on the balance amount, interest is accrued every year. Do I have to show it as income in the Income tax return for FY 2021-22 AY 2022-23? Is this accrued interest taxable every year? The limit of 2.5 lakhs contribution by employee does not apply to me in any case.

Sir,
My client was running one RD with Post office and was reporting accrued interest of every year in his IT return. Now on maturity of RD entire interest amount of Rs 6 Lacs is now shown in AIS,
Whereas out of that amount Rs 4.90 lacs was already included in preceding tax returns of respective years. Now on maturity year he actually needs to report only one last year's interest which is approx 1.10 lac, instead of Rs 6 Lacs as shown in AIS.

How can I deal with this issue in AIS and IT Retun of AY 22-23
Pls guide on above issue .

Hello, my client's father is no more and my client is continuing his business in his own name. Can my client merge his father's balance sheet in his name. Is there any legal process. My client has a sister and mother. Is there any rewuirement for taking consent from Sister and mother?

If I am shareholder of a company (25%+), can I also consult them and charges professional fees?
Will this payment be accounted under 'income from salaries' or 'income from business'.

Sir,
Please solve my below query
My mother is paralysis patient, she is totally depended for me and i have spent medical expenses around Rs. 25000/- Financial year 2021-22 out of Rs. 25000/- Rs. 16000/- expenses paid through my debit card and phone pay, balance amount paid by cash.
i am file ITR 2 kindly suggest me where can i show these expenses to claim deduction and how much.
Thanks & Regards

December 2021 one property Sold by me Rs.49 Lakhs, that Acquired my grand father in 1970 for Rs.5,000/-. My father and Grand father expired in year 2000.
My Query is
1. LTCG 20% On 49 Lakhs minus indexed 5000/- or

2. LTCG 20% on 49 Lakhs minus 2001-02 base year Market value indexation

MY CLIENt have recieved a notice u/s 148 from 2013-14 till 2017-18 where in it is mentioned that depty director of Income TAx Investigation have passed to AO information which forced him to initiate 148 proceedings. The information given by investigation wing mentioned that Individual have not disclosed the income earned through HUf Bank Account. Ao have added all credits to Income chargeable to tax.

Question of Strange

While huf is filing separate return and disclosing all transaction done through its bank why Investigation wing is misleading Ao to reassess the same transaction in Individual ?

2) can i approach and seeek a clarification from Investigation officer what information or supecision was there based on which the income of HUf was to be added in Individuals Income ?

3) the client is in hi tension and can not afford the huge fees for none of his mistake