My total net income is 1,46,200/-
When I completed my ITR 2 form, I found in schedule AMT

Total Income as per item 12 of PART-B-TI 146200
Adjusted Total Income under section 115JC(1) (1 + 2a) 146200
Tax payable under section 115JC (18.5% of 3) 0

I am confused and worried that I have made some mistake.
Can you help me with knowledge.
I would be grateful to you for the help provided.
Regards,
HARSHAD KHONA

Dear expert

i have received payment from 4-5 different entities in f/y-2020-21 on which on which 3 pvt ltd , one association & one individual, my query is should i fill total receipt in income from salary or other income.
or any other income. kindly guide me. thanks.

Dear Experts,
In FY 2020-21, I have loss of Rs. around 10K from Intraday Trading of Shares. Please guide me, is it mandatory to get it Tax Audit if I want show this loss on ITR ? or can I avoid this loss and not show in ITR ?
Please guide.

I sold my land for less price due to location of the land (like passage is small) but guideline value is very high which is more than double what i sold. While selling the land they have registered with the guideline value corresponding amount stamp paper cost, mentioned the purchase price less what ever they gave but guideline value as it is. Due to this my auditor saying that i need to pay the tax for the guideline value.

But i have not received that guideline value amount instead got only less than half of the guideline value amount. How to proceed on this? Kindly help on clarifying this query.

would like to know the tax audit applicability of a resident individual having the following source of income for the AY 21-22
Business income
Non speculative loss- 1,00,000
Speculative profit- 20,000
Income from other sources- Interest from FD- 90,000

I would like to know whether i need to get my account audited u/s 44AB to carry forward the business loss.

Please note that i have not claimed any benefit under section 44AD in any of the preceding previous years even though i was eligible assessee and nor am i planning to opt for section 44AD during this PY as well. Kindly advice

Dear Panelist

My question is FORM No. 27C does not contain any kind of Invoice details or any kind of Billing amount or TCS amount. In short there is no any relation between Invoice / Billing or Amount. Than how could we confirmed or verify that particular form was issued against specified invoice or bill ?

How we relevant one issued form and transaction.

Which ITR is to be filed for TDS deducted under Sec 194IA or 194IB or 194M?

My father died in April 2020. I have no issues in filing return as a legal heir for FY20-21. However due to lockdown I could not transfer all his assets and TDS has been deducted in FY21-22 also. Since I can file return as a legal heir only once, how do I claim return of this TDS as it is deducted against my father's PAN. This must be a common scenario as if someone dies on 31-Mar of a year then it is 100% that there will be TDS deducted in the next financial year also. I have seen similar query posted by many but no definite answer.

Sir,
My Income from Interest on FDR Rs. 5 Laks approx. and Income of Rs. 60000/- annual from accounts work for filling of GST of GST Return etc. please advise the amount of Rs. 60000/- may be shown in presumptive income under section 44 ADA in income tax return.

Thanks
Dharam Pal
Mob. No. 9810600330

If I dont have business income, I cant opt for the new scheme of taxation?
I am having a benefit of Rs. 40,000 ,But not able to file form 10IE as its asking for any business or profession income.