Sir

We have filed Q4 Tds return for FY 2020-21 on 19-06-2021 (extended due date 15-07-2021). Now we added 6 challans in the Original return and have filed correction statement(1)online which was processed without default. To consume these challans we have to file another correction statement(2) manually. Whether Late fee will be applicable as the correction statement(2) is filed after due date because we have added new challans to the statement.

Dear Sir/Madam,

Kindly confirm if the IT Portal is working properly and Form 10A's are being filed without any error.
(DSC is also not working properly).
Shall i wait or raise greivance regarding this issue? Please guide me. Thanks in Advance.

A Trust Registered under Section 12AA makes a corpus donation to an Unregistered Trust. Whether this contribution would amount to the Application of Income?

Explanation— Any amount credited or paid, out of income derived from property held under trust, to any other trust or institution registered under section 12AA or under section 10(23C)(iv)/(v)/(vi)/(via), being contribution with a specific direction that they shall form part of the corpus of the trust or institution, shall not be treated as application of income for charitable or religious purposes.

Dear sirs,
I am Indian, sr. citizen, having income from rented property. I stay at house in different city.

My son is working overseas. The subsisting L&L was executed by my son who was here. Now it will be new agreement to be executed by me.

If son continues to pay rent renewal, what will be the IT implications. He not NRI as yet.

A line of reply will be appreciated.

Recently a person from USA contacted me to sell Mahatma Gandhi 1 rupee coin which was released by government of India in year 1969. He offered me 3 lakh US dollars for bunch of coins. which is 2crore 20 lakhs approx in our country. I also want to clarify you that Iam not a regular seller of this coins I just had bunch of coins at my home, even I too dont know where they are from. I just want to know answers for this questions .
1) Is this sale of old coins legal or illegal ?
2)If legal can i send this through Indian post courier service ?
3)How will you suggest him to transfer money ?
4)How much tax should be paid to government after he transfer money to my account ?

Dear Sir,

I had not shown Salary expenses of Rs. 1 lac in my Profit and loss account as there was not much profit earned during the year. I showed it as Advance Salary paid.

I want to know whether this Advance Salary can be booked as expense in future years to come when I want to adjust excess profit earned during the year.

My return is filed under Section 44AD.

Please help me in this matter.

Regards,
Divyesh Jain

What is the Business code number for Money lending and LIC agent in ITR3

Can deduction under section 80GG be claimed if the rent is paid in cash?If yes, is there any limit for the payment of rent in cash?

Thanks in Advance

Assessee aged 63 has incurred more than Rs.50,000/- towards medical expenses and also incurred more than Rs.50,000/- for his mother aged 86 years in f y 20-21

My question is whether he can claim deduction of Rs.1,00,000/- u/s 80D from his taxable income ?

Dear Experts

As per section 11(5) specifying the modes of investment for a Trust it says " Deposit in any account with a Scheduled Bank" . Does that mean it can be any kind of account ( Savings /Current Account) or it has to be only a Fixed Deposit account?

Please clarify