Can an Individual file Income Tax Return for A.Y. 2020-21 now ? If total salary income is less than 5 Lacs. How much penalty is to be paid ?

Dear Professional Friends Good Afternun.

One Of My Friend Need To Buy NHAI Bonds For Getting Exemption For Capital Gains but no idea on where to buy, procedure for buying.So kindly give few ideas for his tax planning.


Thanking you for your precious Time spent in advance.

Assessee (an individual), acquires property through a revocable trust as sole beneficiary of the trust. Property purchased in the year 2012 through trust by the trustee in the name of trustee.
Since the Property has been transfered to assessee in 2021, if sold by assessee in the same year,
1) what would be the period of holding for the same in the hands of assessee ?
2) If its Long term in nature in the hands of assessee whether indexation is allowed?

TDS Provision taken in March 21 of Rs.115000/- @0.75% as ''Person" for Guest house maintenance, but when actual bill received it was guest House Rent including Maintenance changes, but Invoice who has booked in April 21 they have deducted as short deduction as follow.
Rs.115000 x 0.75% = 1125 (March 21 Provision)
Invoice booked Rs.115000 X 7.5% = Rs.11250.00 - Rs, 1125.00 = 10125.00 and base value also not change.
when we came for Q1 Return the find out this issue ..
pls. suggest what treatment it would be there pls.

sir,
is sec 194 N and 194 NF are same. can refund be claimed in both.

KIND ATTN. SIR

AN ASSESSEE IS HAVING AN INCOME OF RS.10 LAKHS FOR THE FY 2021-22 AND HIS AGE IS 75 YEARS OLD , WHETHER HE IS EXEMPT FROM FILING OF INCOME RETURN U/S 194P. KINDLY CLARIFY WHETHER THERE IS ANY CEILING LIMIT FOR CLAIMING EXEMPTION U/S 194 P

TCS U/S 206C (1H) against invoice dated 30.03.2021 collected in Mar-21, as they charge on invoice but as we received material on 5th Apl-21 and gate entry of purchase is on 5th Apl-21.

In 26AS also TCS is reflecting in Mar-21

Where to book TCS on the same invoice in FY -2020-21 or FY-2021-22, any provision to be made against the same

Dear All,

Please check & suggest solution for below error while filling return of HUF.

In part A general, Return is filed by Representative assessee but the pan quoted in representative assessee field is not same as the pan who is trying to upload return.

i have selected Whether this return is filed by a Representative assessee? NO

Thanks in Advance

Tds return after submit and its FVU file and form27 whats time limit for submit to the tds center for verifying

Dear Sir,

What is the cash withdrawal limit incase of a Pvt Ltd company in one financial year?

Regards,
Divyesh Jain