IF:-

I am a paramilitary (CRPF) Jawan and we are under of Ministry of Home affairs, not in the Ministry of Defence. Retired from the service on March 2019.

If I get Disability pension is it a exempt income.

During 2009 December I got an accident from Dentewada of Chattisgarh State. A Maoists attack of which I totally damaged. Only 2 survived from a group of 16 persons.

Now I am getting disability pension. a huge amount is received on December 2020. That is receivable from March 2019 onwards.

Is this pension exempted or not. Is there any case study for such cases.

I am strongly saying we are under Minisrty of Home Affairs (Central Armed Polic Forces)

Please give a advice at the earliest.

Sir,
It assessee cash loans from different persons (creditors) each one rs:19,000/- received.

1.Cash loans from creditors 5 members (pan number and Aadhar number mentioned persons)
2.cash loans from creditors 4 members (pan number non mentioned persons)
Question:
Above two cash loan transaction allowed in it act.

Hi All,

One of My Client having Business in USA but he is a resident in India and Controlling Business from India, Rarely he visits USA.

Whether I Need to add His Business Income from USA while filing Indian Income Tax Return,

If so, can i take credit of taxes Paid in USA

My friend worked in Qatar for 4 months last FY and returned back to India.And his company has deducted income tax for the Qatar income also.
THis AY return how to get this amount refund from the ITR return.As zero tax in Qatar , is he eligible to claim this amount .If so how to get that amount.As system consider this amount as zero as Tax paid outside is zero.

I have income from EPFO pension and capital gain . So i have to file ITR 2 . For pension no form 16 issued. It is not commuted , un commuted pension . But it is from contribution by employees. No TDS is deducted by epfo.
My question is.
1) In ITR 2 it asks employer name , TAN number and other address derails .
So what to enter in this.
2) Also if pension selected it asks commuted , un commuted . Whether i can select Option OTHER ?
IN ITR 1 no such problem arise . Since i have capital gain income ITR 2 is compulsory .
So please guide on above

I have long term capital gains in equity for FY 20-21 of Rs 3 lakh.
I have brought forward equity long term losses from previous year of Rs 5 lakhs.
Question- For filing returns of FY 20-21, do I have to first setoff capital losses against capital gains? Or can I first take LTCG exemption of Rs 1 lakh and then setoff remaining 2 lakhs gains against prev year losses?
If I first setoff losses against gains, then I am not able to take advantage of LTCG exemption of Rs 1 lakh.
Please guide.

We have a section 8 company with share capital. Its member are willing to transfer its share to another resident individual at fair market value, which is higher than the share par value. How this will be taxable in Income Tax? Is there any exemptions or another exclusions for share transfer of section 8 company. Do you have any judgement for share transfer of section 8 companies.

Dear Sir / Madam,

Form 10 IC was filed for AY 2020-21. Is it required to file Form 10 IC again in subsequent AYs?

Regards,
Suraj

My wife inherited my mothers gold and diamond jwellery after her death. How will she show in income tax return? How jwellery will be shown in balance sheet? Please advise? Will we need to keep any documents?

Hello
I am a yoga teacher, teaching in the space in our big house.
I have a Msc in yoga.
For the income i get should I file ITr1 by considering the whole income minus expenses.... or can i file ITR4 by considering 50% as income under Presumtive taxation.
In ITR4 i dont find yoga as a profession. Only Ayurveda siddha kind of professions are listed.
Please reply.
LivingYogaCentre