we are paying dividend to a Mutual fund and they are comes under 10(23D)
my Question is whether we need ti deduct TDS on dividend

Assessee has Presumptive Income u/s 44AD from F & O Business Rs.1,96,406/- Turnover is Rs.30,83,386/- . So percentage of profit comes to 6.37 which is higher than 6%
He also has incurred expenses for Photography Business Rs.2,87,693/-. In this business there is no income only expenses of Rs.2,87,693/-
MY question is
whether loss in photography business can be set off against profit of F & O activity and remaining loss Rs.91,287/- be c/f to next year
Also whether tax audit u/s 44AB is compulsory ?
after verification of return Income Tax portal fives following message
You have claimed income less than 8% of gross turnover and audit information is not filled up
kindly fill up the audit information since You have claimed income less than 8% of gross turnover

Dear All,

My query is as follows:
Mr A purchased a bungalow at one of tourist places in November 2020. From December 2020 onwards, He started his business of giving this bungalow on rent to tourists. Before that he incurred some revenue expenditure like repairs & maintenance, painting, changing toiletries etc on this property. For the year ended 31/03/2021, he has incurred business loss.

I have some confusion:
1) As he has incurred loss in his business, is tax audit applicable? or only revenue, 5% cash payment-receipt criteria is considered for applicability of tax audit?
2) Is section 44AD is applicable as he has loss during FY 2020-21? whether he has to show minimum 8% profit?
3) If Section 44AD & 44AB are not applicable then he can carry forward his loss.... right?

I hope I have clearly plotted my confusion. Kindly guide me.

Thanks & Regards,
Suraj

Member of my family is salary earner for the period F.A 2020-21
During the period extra part time work was done & receive income in the form Buss .Commission nearly 55 thousand under sec 194 H ----TDS deducted on their commission.
Person also have income on their investment --shares . Capital Gain.
My question which form has to select for Income tax return for A .Y 2021-22

For efiling of Statutory Forms, regisstration on the Income Tax Portal is required. My DSC is already registered on the portal. But I am unable to register as a CA since an error is shown as Membership No. does not exist.
The Membership No. and the Date of enrollment are as per my record on the SSP of ICAI.
I have contacted the Help Desk of Income Tax and sent an email to the efiling Web Manager but the issue has not been resolved.

Please suggest the course of action in this matter.

dear sir

during that year i missed to file it return . i had refund in that year
so how can i write letter to income tax dept

do you had the format sir

Assessee expired in Oct 2020. She has income from Interest on F D for f y 20-21.

My question is Can her return be filed for A Y 21-22 or the income will be clubbed in her husbands income ?

Hi all,

I have purchased a house property(flat) in 2015. I got possession of the house in 2021. Can I claim interest paid on pre construction period in my ITR for FY 21-22 as an interest on loan of pre construction period?

Thanks in advance.

I have an under construction house property for which I have availed home loan. I paid 1 lac interest in FY21. Construction of the property will be completed by FY23. While filing income tax return for FY21, where to mention interest expense on under construction house so that I can avail benefit post completion of property.

I am a salaried person with annual salary income of Rs. 10 lakhs. I had incurred short term (3 lacs) and long term (2 lacs) capital loss on shares in FY20. In FY21, I have made short term (1.5 lacs) and long term (1 lac) capital gain, however I had taken sabbatical leave in FY21 so my salary income for FY21 was nil. In this way, my total annual income for FY21 was only 2.5 lacs through short and long term capital gain. As my total income in FY21 is below than exemption limit, I don't want to setoff carried forward losses of 5 lacs incurred in FY20. Do I have this choice?