Sir,
It assess view 26as in f.y.20-21 details mentioned below
Sec 206cq
Name of collector: Axis Bank
Amount rs:1,50,000/-
Tcs collected:nil
Tcs deposit:nil
Question:
Assess above mentioned amount rs:1,50,000/- show in it returns and books (income or expenses treated)

whether shortterm/longterm gains from debt or equity mutual funds if invested in buying flat are exempted from income tax if yes upto what value .

We are providing covid vaccine to our employees with the help of a private hospital. Whether we required to deduct tds on the payment of vaccine charges to the hospital.

Hi everyone,
Hope everyone is safe during the pandemic. I had been employed in a company that paid me retention bonus of 2 lakhs in 2 installments
1. 1lakh in FY 2019-2020.
2. 1lakh in FY 2020-2021.
Since I had left the company in 2020 itself I had to return the retention bonus back in full amount. How do I get the refund on TDS for the retention bonus?
The company has not mentioned the deduction in form-16 but they have mentioned it in FFS under the category of deductions. Can I adjust this amount in TDS page of ITR website with the FFS as a proof?

Sir,
It assess lic premium some amount paid yearly previous last 5years.but lic premium paid amount not reported in books and not claimed in it returns.sec 194da rs:3,50,000/- tds rs:11531/- from lic of india show as per 26as f.y 20-21.
Question:
1.assess lic premium paid previous last 5 year's books entry passed current year allowed
2.sec 194da lic amount treatment procedure in it returns.

Hi, Kiran Here

I have filed 26qc correction statement for F.Y. 2020-21. Now the status of correction is showing Pending for AO approval. The Income tax officer demanding for below documents list.

1) Request Letter narrating the mistake occurred while filing form 26QC.
2) Rent Agreement.
3) Copy of Challan for TDS Deposited in Govt. Account.
4) Confirmation from the Landlord.
5) Copy of Form 16C issued.
6) Indemnity Bond of Rs. 500/-
I have all the documents except 1) Confirmation from the Landlord, 2) Request Letter narrating the mistake and 3) Indemnity bond of Rs. 500/-

If anyone have the drafts for above mentioned documents, Kindly share the same.

Dear Expert,
I had submitted all documents to claim deduction u/s 80C to my employer and my employer has deducted TDS as per old Tax Regime.
But, now I calculated my Tax as per New Tax Regime, where I have lesser tax liability in comparison of old Tax Regime. I have income from business and profession u/s 44AD also.
Please guide, can i file ITR as per New Tax Regime ?

Dear Sir,

If a supplier supply the goods in this also charge TCS in that , can we deduct TDS in that bill??

Request you kindly help...

Regards
Anirudha Biswal
9818159649

Getting error as attached when filing itr 2 offline. Could somebody help please. There is no validation error coming at the time of validating. Then I click to e verify the returns and use the aadhar OTP. Finally when I enter the OTP and I click to submit this error is coming "schema error occured while submitting your form, try later"

Can somebody help

DEAR SIR,

ONE OF MY CLIENT UNKNOWINGLY WITHDRAWN MORE THAN 2000000/- LAKHS RS. IN HIS SAVING BANK ACCOUNT. BANK PEOPLE TDS DEDUCTED AS PER U/S 194N. NOW HE DOING WHOLESALE BUSINESS OF SILK. THE TRASACTION IN THE BANK ACCOUNT ALMOST HIS BUSINESS TURNOVER MEANS HE RECEIVED AMOUNT FROM HIS CUSTOMER AND PAYMENTS TOWARDS PURCHASES. NOW WHILE FILING INCOME TAX RETURNS AS PER U/S 198 OF THE INCOME TAX ACT CASH WITHDRAWLS IS NOT AN INCOME. SO WHICH HEAD TO BE SHOWN IN THE RETURNS TO CLAIM THE TDS AMOUNT. IN THE WINMAN SOFTWARE ASKS TDS WHICH HEAD TO BE CONSIDERED, GROSS RECEIPTS OFFERED- 1. BUSINESS/PROFESSION 2.CAPITAL GAIN 3.HOUSE PROPERTY 4. OTHER SOURCES 5. EXEMPT INCOME FINAL RECENTLY INSERTED 6. NA (TDS U/S 194N).

MY QUERY IS WHICH IS SUITABLE FOR SELECT TO FILE THE RETURNS. BECAUSE THE TRANSACTION DEAL WITH HIS BUSINESS TURNOVER. CAN I SELECT LAST OPTION NA ( TDS 194N) OR EXEMPT INCOME OR BUSINESS/PROFESSION.

REGARDS