Dear all,

Here is my query,

I am having Income from Partnership firm, and Loss of Rs 10Lakh in intraday trading (Which is disclosed under speculation business option selected books not maintained cases) and now i am filing in ITR-3, without filling the details of Balance sheet and Profit & Loss account in ITR, but while filing i am getting error you have loss under the business /profession your books is not audited

Kindly give me comment on this
Advance Thanks
Regards
BALRAJ B G

Hi,

I work with a PSU Bank.

I do not get HRA.

I am staying on Rent of Rs. 20,000

My employer pays Rs. 14000 to the landlord towards rent. I pay Rs. 6000 to the landlord towards rent.

Can I claim deduction under 80GG?

Rs.14000 paid by my employer is being shown as perquisite in my Form No 12

Please advice.
If a person is out of india for 182 days and more.
he/she was doing Job in Foreign country where salary received after deducting tax thereon.
He have not transferred any amount in India during his tenure of stay in foreign country. In India he have only Bank Interest Income.

Hence to file Income Tax Return in India do we need to disclosed Foreign Income or only Indian Income has to been disclosed.

Intimation u/s 143(1) has been received. Tax is calculated @ 30%. However The company is liable for Tax @ 22% u/s 115BAA. Now in the said intimation taxable income has been revised and tax payable is calculated @ 30%. Revision in Income is correct.
Because of difference in tax rates demand is raised.
My question is whether the above mistake in tax rate can be rectified u/s 154 of the I T Act

1. There is joint commerical property owned by Mr and Mrs X . Mrs X wants to rent the property to an LLP for Rs 30000/- per month., wherein Mr X is LLP partner. ( Mrs X is not LLP Partner and is housewife having income tax Pan No). Will clubbing provisions of income tax apply in the hands of Mr X partner.
2) Whether TDS is to be deducted also.

I am a retired person from a Private Sector Bank during FY 2020-21 and subsequently engaged as an on-line lecturer in Banking studies and the remuneration was deducted under sec 194JB. As I was both salaried and subsequently a Lecturer during the said FY, -please advise me the most appropriate ITR Form for filing the return in on-line mode .
Thanks and regards

Dear Sir/Madam, please provide a solution for this.
Salary income: 7.50 Lacs
Turnover of F&O: 6.5 Crore
Losses in F&O: 1.9 Lacs
Is tax audit applicable for the above case.
Will your answer differ if the turnover is below 1 crore.

Sir
Auditor has disallowed provision for expenses made at year end , in Tax Audit , as no TDS was deducted.
Is it now necessary to pay interest on non payment of TDS.
TDS was later deducted & deposited on actual bill booking.

Thanks,

if itr filed ay 2021-22 under old tax regime but now wish to revised
can opted revised itr ay 2021-22 in new tax regime?

Sir,
Sec 44ada professional income it returns filed person purchase of apartment in f.y.2012-2013. this property assessee sales in f.y.19-20 not(missing) reported in it returns.
Question:
Assessess sales property transaction amount show in f.y.20-21 accepted or f.y.19-20 revised it returns accepted.