Dear Sir,

One of my client is holding shares in American stock market and has received dividend from Shares. He got dividend in dollars after certain amount of tax deducted in America. He then transferred the amount in his Indian bank account which accounts for Rs. 4 lacs if converted in rupees.

Will this dividend be taxable in India. He falls under highest tax bracket in India as he receives salary in India.

Please help me in this matter.

Regards,
Divyesh Jain

Sirs, Short Term Capital Gains from DEBT MUTUAL FUNDS/LIQUID FUNDS are taxed at the normal applicable rates. In which part of the Schedule and under which head are these gains/losses to be shown? There does not appear to be a specific place for this

Hello all.
Is late fee 234F levieble on filing belated return, even if aggregate income is below 5 Lacs.

Thanks
ASAP

Sir,
Question 1 - The taxpayer has issued the cheque for the payment of LIC Premium before 3st March 2021 but the Cheque was cleared in April 2021.
So can the taxpayer claim the deduction of LIC Premium u/s 80C in the F.Y. 2020-21(A.Y. 2021-22) or Is he eligible for claiming the deduction in the F.Y. 2021-22 (A.Y. 2022-23)?
In one of the Premium Receipt the date is 31/03/2021 and on the other Premium Receipt date is 26/03/2021.
If the deduction is allowed in the F.Y. 2020-21 and not in the F.Y. 2021-22 Does it mean that we have to see only the date on premium receipt for deciding in which year the deduction will be allowed and their is no relation when the cheque is actually cleared?

Question 2 -Whether the LIC Premium paid in cash is allowed as dedcuction?

Question 3 - Please suggest some good books/courses on Income Tax for increasing Practical Knowledge

Sir/Madam
Please provide guidance
A partnership firm pays an individual professional fee of Rs 15000 in the month of May 2021. No TDS was deducted as it was below threshold limit.
Now same individual has to be paid professional fees of Rs. 30000 this month.
How to deduct and deposit TDS in this case.
Will I have to deposit TDS on previous bill of May 21 along with interest.TDS Quarterly return of Q1 2021-22 is already filed. So is correction of Q1 TDS return has to be also done?
Please guide on right way of dealing this situation
Thanks in advance

SIR,
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.

Stamp Duty paid for Purchase of Residential property can be claimed under sec80C.
Can we claim Stamp Duty Paid for purchase of shop as deduction under Sec 80C?

Is GST paid by normal tax payer allowed as expense under Income Tax Act ? Please give reasons. Then why is it so allowed in case of composite supplier ?

I got negative entry of Rs. -33596/- in Form 26AS with Remark as "O".

Please guide what to do with that? Do i need to file it in ITR?

Respected Sir,

TAG / REPLACE CHALLAN
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HOW TO USE THIS FACILITY ON THE PORTAL OF TRACES .

PLEASE GUIDE ME AND OBLIGE