If an employee gets pay anomaly arrears of 632000 in September 2021 and instantly in that amount 222000 TDS deduction from office.Is it justified ? Is it possible to save that money with savings. And get back with return file.
The employee would have got these arrears in monthly pay if anomaly would have been released .

Dear All,

I want to know about intra day share trading i.e. speculation business income or loss.

1) How to show speculation business income or loss in ITR?
2) There are two options. Whether regular books of account are maintained or not? Now all reports are available in computerised form. Which option to select?
3) How to calculate Turnover for speculation ?

Kindly guide.

Regards,
Suraj

I after verification submitted my return without paying income tax.

What is the solution.

Regards,

Dear Experts

I was the nominee of PPF account of my maternal uncle (Mother's real Brother) who was a bachelor. I received a sum of 55 lac after his death last month. I have 2 queries in that regard, need your advise please.

1. Tax liability on me on the amount received.
2. If I transfer the amount to my mother's account ( I believe she is a default legal heir), Tax liability on her.

Kindly help.

Thanks !!
Iyer

My son has only interest income on his NRO account from which TDS has been deducted. No other income in INDIA. He is settled abroad and paying income tax over there.

NRO Interest income is only about Rs. 5000/-

NRE interest income is tax free about Rs 3000/-
Can I file return on his behalf as he has given me PW to do the same.
which ITR No. to file.
Showing in return that I have filed on his behalf
or teach him new portal.
thanks in advance

He is not able to understand complex new portal.

WE HAVE TRANSPORT COMPANY AND FILLING DIESEL IN OWN TRUCK MY TURNOVER IS EXCEES 10 CR AND ALSO FILLING DIESEL IN YEAR ABOVE 50 LAKH I AM NOT PURCHASE OR SALE DIESEL WE DEBIT IN DIESEL EXPENSES PLEASE TELL ME I AM LIABLE TO DEDUCT TDS UNDER SECTION 206 OR ELSE

we have transport company and deduct 5% tds 206AB deposit tax under nature of payment 194C NO NATURE OF PAYMENT IN ONLINE PAYMENT 206AB SO WE HAVE DEPOSIT TAX IN 194C IT IS RIGHT OR WRONG

Respected Sir,
Need your kind advise to submit ITR-3 of my client for the F.Y. 2020-21 relevant to the A.Y.2021-22. He has got STCG of Rs. 5382/- and LTCG of Rs. 9322/- (both from equity share), and STCL of Rs. 5223/- and LTCG of Rs.6830/- (both from equity oriented mutual fund). Since head of loss and gain differs, can I deduct STCL amounts of M/F from LTCG amount of M/F? Since I am new for filing return of income, I do not the episode for which excuse me for trouble caused.

Kindly send your valuable reply.

Regards,

TARAK KUMAR ROY
150/1/1, Banerjee Para Road
P.O. Naihati-743165
Dist. 24-Parganas (N)
West Bengal

Sir,
It assess source of income details mentioned below
1.income from hospital rs:20 lacs
2.income from clinic rs:10 lacs
3.sales turnover from pharmacy rs:5 lacs
Question:
Assess sec 44ada it return filing eligible or not eligible in it act.

Sir I have intraday trading in equity shares during the financial year 2020-21. At the time of filing ITR 3, which code to be selected in nature of business activity.