One of my friend had received a demand from Income Tax Department. The person is working in Private company & had taken a loan for purchase of House.He had paid interest of Rs.200,000/-. While filing his return , he had correctly claimed interest in his return.The amount is also correctly shown in Form 16.The same is rejected by department while processing his income & liability is re calculated & demand is raised.
My query is - How to answer to the demand raised by department on new IT portal & what additional information is required to submit with the reply
Thanks,

Sir,
1.it assess ground floor used for business purposes ,let out to another business person and 1st floor used for own residence purpose.municipal taxes pay rs:10,150/-
2.assess purchase of two wheeler personal purposes value rs:65,000/- in f.y.19-20.
Question:
1.municipal total value rs:10,150 calim business expenses allowed in it act
2.two wheeler transfer personal purposes to business purposes allowed in it act .

Sir ,

Suppose cash deposited in child bank account by his father Rs 210000/- to pay his institute MBA fees . Can this amount taxable in child part .

Secondly- If some friend deposit Rs 50 k in cash . this amount is taken as loan . But can we show this amount as gift from friend so that we can get rid of penalty u/2 271 D .

DEAR SIR,

WHILE FILING INCOME TAX RETURN USING WINMAN SOFTWARE INCOME TAX WEBSITE SHOWING AFTER VALIDATION SUCCESSFUL UPLOADING THE XML RETURN ERROR MESSAGE WILL APPEAR LIKE ERROR:MESSAGES.500062 OR 500075.

CAN FILE INCOME TAX RETURN THIS IT WEBSITE PROBLEM OR INTERNET CONNECTION PROBLEM OR XML CONVERTING PROBLEM

PLEASE GUIDE ME YOUR VALUABLE GUIDANCE MUCH NEEDED

REGARDS

For fiscal year 2020, I qualify as NRI for tax purposes. I have returned now to India. I worked abroad during 2020 and remitted back my foreign savings in rupees to my own Indian account. Using these remittances as source, I invested in many mutual funds in India through the fiscal year.
For 2020, I have no taxable income in India but to explain the 'source of funds' for my mutual fund investments on the IT Compliance e verification portal, can I select "Out of earlier income or savings" as the appropriate response?
- If yes, what supporting documents should I have available?
- If no, what other response option can I select for "Source of Investments and Taxable Income" category?

Dear Sir,

One of my client has incurred Long term capital loss for shares sold in F.Y. 2020-21. He has purchased the shares in F.Y. 2012-13.

Do I have to fill Schedule 112A in such a case as normally incase of profit the schedule is required to be filled up.

Please help me in this matter.

Regards,
Divyesh Jain

I filled data in ITR2 online E filing under Schedule OS dividend received amount in item 1.a and then filled quarterly break up in item 10. Information about accrual/receipt of income from Other Sources under S.No.1. and CHECKED IT TALLIED WITH TOTAL IN ITEM NO.1 and then clicked confirm button and came out and also duly got all schedules with green tick and confirmed.
In the next login, filled data disappear in itr2 form item 10 in schedule OS. Again and again I am doing this and again and again it (only the break up detail in item no.10) (not in any other item in the entire ITR2) disappears during next login always. I want to know if anybody faced the same problem and want solution.

Sir I want to know the TDS Applicability in Respect of the following cases

I have made an advance payment (Nature 194J) of Rs. 100000 against Performa invoice during the FY 2020-21 and from the advance I have deducted and paid Rs 7500 (100000 @ 7.5%). But original invoice received during the current financial year 2021-22 at Rs 150000 plus tax. What amount of TDs should be deducted and paid during the current financial year. Whether Rs. 5000 (150000 Minus advance payment of Rs. 100000 @ 10%) or 7500 (150000 @ 10% minus TDS already paid @ Rs. 7500)

My son has received Rs10 Lac from Fund Raiser Website of MILAAP and 8 Lac directly from well Wishers in son's saving account.
1.is there provision to apply IT Authority for exemption on donations received from above said 2 sources for cancer treatment. Power to IT authority under which section.?
2. Anyway to save income tax?

Sir,

I want to know the TDS Applicability on Professional Service in the following cases.

I made an Advance Payment against Performa invoice of Rs. 100000 during the FY 2020-21. TDS Deducted and Paid was Rs. 7500 (100000@7.5%). But I have Received Original Invoices during the Current Financial Year 2021-22 at Rs. 150000. What Amount od TDS to be deducted and paid during the Current financial year. Whether Rs. 5000 (150000-100000 =50000@10%) or Rs. 7500 (150000@10%=15000 Minus Advance TDS of Rs. 7500.
Please clarify...