If one discontinue to pay premium for ULIP after 3 years but receive amount after 5 years i.e maturity term. what will be the taxation effect?
What will be the taxation if 80C benefit not claimed?

Respected Sir,
I had filled Details of my GSTIN and annual turnover in "Schedule-GST INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST" in online ITR3 form, and filed my return. But after downloading the PDF of the filed return, there is no entry in the GST schedule.

Should I file a revised return? Will I get notice for missing entry?

Thank you for your kind advice.

Sir, My clients woned 3 house property. 1 is self occupaid & another 2 is let out, They are legally owners as per sale deed & loan agreement, but 3 house property totally funded & loan repaid by husband. The rent arise from 2 letout property is deposited to wife bank account, What is the tax treatment of profit/ loss arise from 2 letout house property & interest of SB , arise from house property income? . Is it included in Husband or wife tax computation? Please clarify.

my client filed return of AY 20-21 but it was defective
now he realized and inform to me
there is a refund of 80,000
is there remedy to revise or rectify return of AY 20-21 now ?

1. A society took registration under society act in May 2020 and collected, normal donations to the tune of 9 lakh and donation for fixed assets of 5 lakh i.e they where operating in F.Y 2020-21.
2. Society took Provisional registration under 12AB of income tax act in May 2021 with applicability from A.Y 2021-22 to A.Y 2023-24.
3. Society has not taken final registration till now.
Queries Being
1. Can we use provisional registration to claim exemption under section 11 & 12 for F.Y 2020-21.?
2. If no to question 1, will donation for fixed asset become a revenue item or can it be set off against Fixed asset?
3. If no to question 1, will the society be taxed as a aop with slab rate or aop under mmr?

Company has paid Incentives in addition to Salary and deducted TDS U/s 192 and for Incentives U/s 194 . Please let me know Under what Head incentives are to be disclosed. Is it under head salary or under the Head Business and profession

Further is is ok if in the part of the year he was paid as Remuniration and later on change it to Incemtives . He is full time working director

Sir,
It assessee rent paid to father rs:10,000/- p.m. *12 months total rs:1,20,000/-but assessee same amounts cash gift from father rs:10,000/- p.m. *12 months total rs:1,20,000/- received.
Question:
1Assessess rent paid account rs:1,20,000/- amount business expenses claim allowed
2.cash gift from father rs:10,000 /-*12 months credited every month by capital account accepted in it.

PAN card is lost. when applied for re-print the message shows that "Another PAN exists with same name, same father's name and with same DoB. That 'another PAN' number is also shown which is, obviously, not known to me.
What should I do?

Respected Sir,

It is a partnership firm having no transactions such as bank sale purchase and expenses etc etc and every year we file NIL return by showing NIL P&L and few balance of nominal amounts in balance sheet. Whether it will attract 234-F if now we file the same return for the ay 21-22.

What is the procedure for surrendering PAN CARD for the purpose of closure of the firm on income tax portal.

PLEASE GUIDE ME AND OBLIGE.

We received an intimation and a demand u/s 143(1) due to TDS mismatch but the IT eportal is not accepting a response/rectification. Have any of you also faced this problem. Should we wait for the portal to fix this ?