Respected Sir/Madam
My father passed away in Dec 2019. I filed his return as legal heir for AY 2020-21 with refund amount being approx 30,000. His bank accounts have been transferred to my name. The refund first gets credited to the bank account then again gets debited " due to name mismatch " the refund is still coming in the name of my father. I tried submitting refund reissue but to no avail. I have submitted grievances in the same matter but the issue is still unresolved. Pls Guide

Dear Sir,

I own a Private Limited company and have Contract Income and also registered with GST. One of my client deducts TDS under Section 194c while transferring me the bill amount.

I have not received few tds credits in my 26AS because of which there is mismatch in my books Sales amount shown and in 26AS.

My question is suppose in my Books I have shown sales as 60 lacs and in 26AS the amount of Sales reflecting is 50 lacs (because of few bills not uploaded by counter party while filing tds return). Will there be any compliance issue for me by Income tax since I am showing more sales in the books than in 26AS.

Please help me in this matter.

Regards,
Divyesh Jain

I am not able to file ITR5 for assessment year 21/22.In excel facility it is showing error as invalid hash value.And Jason utility is not available for ITR 5.Please advise solution

Sir / Mam

The balance sheet of a Pvt Ltd Co, shows the reserves and surplus balance of Rs.7,75,000/- at the end of year?

It means the equal amount should be in bank at the end of year?

Or

If not, It is shown as mere record to adjust the loss in future?

Kindly please advise us

thanks in adv

Hi experts

i have one quary please give me solution to me so basically TDS CREDIT AMOUNT IN 26 AS and GSTR 3B TAXABALE VALUE AND Has filed Income tax Revenue It should match with TDS credited amount or not it has mandatory or not ? please give me solution

LTCG OF 53000 & STCG OF 84000 FROM SHARE TRADING.CARRY FORWARD LOSS FROM FY2019-20 IS 2.3 LAC.PENSION PLUS OTHER INCOME 6.5 LAC AFTER AVAILING ELIGIBLE DEDUCTIOS UNDER 80C,80G,80TTB.USING COMPUTAX SOFTWARE ATTEMPTING SET OFF OF STCGOF 84000 LED TO SETTING OFF OF LTCG OF 53000 ALSO WHICH I UNDERSTAND IS WRONG SINCE LTCG UPTO 1LAC IS EXEMPT.PLEASE ADVISE WHAT TO DO.THANKS
RAJENDRA RAO

We're trying to upload the IT Return of FY 19-20 now on income tax portal. They've charged us a late fee of Rs. 1000/- but after that, they're not allowing us to upload the IT Return of the said Co. Now, as the company is new, no previous IT Return had been submitted before. FY 19-20 is their first ITR. So, No condonation request can be submitted in the portal. Kindly guide me to submit the ITR for FY 19-20.

Respected Sir,

The issue is related with TDS Return 26-Q for the Q-1 fy 2021-22. The related conso file is not getting imported.

Traces has informed us that wrong details in Challans for the Q-2, Q-3 & Q-4 Fy 20-21 has been filed and first of all the details should be corrected.

Traces have advised us to contact OLTAS for obtaining the details to be corrected.

What to do in such a case? How to contact OLTAS ? Please guide me and oblige.

Dear All,
Error when uploading Json File, generated from the ITR-5 Excel utility available in Income tax Portal

Invalid hash value identified, modification to ITR details outside utility is not allowed......

Hi Experts,
XYZ Indian company employs a UK person (He comes to India as and when required else works from home on requirement basis)
Pl. advise what is the tax structure in UK if he will get credit of tax deducted by company from his salary against his total tax liability payable in UK (he is having some income from UK).
Thanking you in anticipation.
Ramesh