Prashanth H J
This Query has 3 replies

This Query has 3 replies

I have filled the ITR 2 HRA according to my Form 16. But I get an intimation

Schedule: Schedule Salary
Error Description: Exempt Allowance Sec 10(13A) is more than minimum of :a) 50% of (Basic + DA) orb) HRA .Hence amount exempt u/s 10(13A) is recomputed accordingly.
In Income Tax Return: X/-
Amount in ₹ As Computed: 0
Variance: X/-

What shall I do in this case? Shall I just mark it as "Disagree" and inform that the provided HRA Amount is according to Form 16?
Please help.

Thanks and Regards,
Prashanth


Anouja Thyagarajan
This Query has 5 replies

This Query has 5 replies

22 October 2021 at 18:01

Filing Appeal- Form 35

Respected Madam,
I on behalf of client tried to file Form 35 for A.Y.2018-19 but on proceeding to E-verify the form with DSC option, an error appears as Submission Failed "Invalid Input". I also tried contacting Income Tax Help desk but the automated machine replied PAN & Date of Birth does not match (even though it was matching) and did not proceed further. We request your kind selves to suggest a solution to this error as soon as possible.


TEDDU
This Query has 1 replies

This Query has 1 replies

22 October 2021 at 17:39

TREATMENT OF LIC COMMISSION IN ITR.

LAST YEAR I FILED MY RETURN SHOWING BUSINESS INCOME UNDER PRESUMPTIVE TAXATION SCHEME, IN CURRENT YEAR I HAVE LIC COMMISSION INCOME ALSO, HOW SHOULD I DISCLOSE IT, IN MY RETURN.

UNDER BUSINESS HEAD OR OTHR INCOME HEAD??

KINDLY ASSIST


A. Deepak
This Query has 3 replies

This Query has 3 replies

22 October 2021 at 17:31

Will of deceased assessee

Legally wills need not be registered. Then why is IT department asking for registered Will? Can a notarised copy of the Will be submitted?


Avinash Jeevan Dsouza
This Query has 3 replies

This Query has 3 replies

What is the Notification No. 71/2021 - Income Tax Department ?
Am trying to file the correction return online but it is not allowing us. Online correction is disabled. Can anyone explain me?


nikunj
This Query has 1 replies

This Query has 1 replies

Hi team,
I have deducted 1% TDS and made the payment online on TIN NSDL website and form 26qb has been generated for the same on 19-10-2021. After logging in TRACES Account ,when i go to Downloads==>Form 16b for buyers and search using Seller PAN Card Number,AY 22-23,E-Acknowledgement Number shown in Form 26qb, i get remarks as "No data available for the specified search criteria". Does it take time to update in traces portal? After how many days i need to wait?

Thanks,
Nikunj


Pankaj
This Query has 4 replies

This Query has 4 replies

Respected sir,
Actually I had shown sundry creditors of Rs 1000000/- in F Y 18-19. But still I have not paid them.
Is any time limit to pay to unpaid creditors under income tax ?
If i will not pay to them to some more years , what will the effect ?
Is any rule to add such unpaid creditors amount to income ?

Please give your valuable response


Ajmer Singh
This Query has 1 replies

This Query has 1 replies

21 October 2021 at 17:02

DEFAULT ERROR

Sir,
Following error shown while online correction of TDS return 2010-11,Please advise.

Online correction on TRACES is not enabled for the requested statement. Kindly file correction through NSDL and the subsequent correction can be filed on TRACES


Pradeep Kumar
This Query has 1 replies

This Query has 1 replies

If we have purchase the goods of Rs. 40 Lac in September 2021 and we are purchasing the goods of Rs. 20 Lac from same vendor.

1. Then u/s 194Q the TDS liability would be on total purchase of goods Rs. 60 Lac?
2. Or TDS liability will be on difference amount Rs. 60 Lac - 50 Lac = Rs.10 Lac?

Kindly clarify.
Thanks in advance.


pavel
This Query has 9 replies

This Query has 9 replies

Hello,
I got an intimation u/s 143(1) where the income tax dept.is saying to pay tax. In the intimation, they have not considered my HRA amount also the index cost of the improvement is also not being considered. Now, what should I do?
( In Form 16 issued by my employer HRA amount is not mentioned ).






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