Hi,

I joined a company in June 2019 and got joining bonus of Rs 2,00,000 with conditional rider of empoyment with the company for 1 year. TDS got deducted for this amount.

I left the company in November 2019. The company adjusted JB with F&F but it still shows in Form 16.

While filing ITR, I reduced the amount of JB from my total salary. I got response from CPC for defective return asking me the reason for TDS refund demand. I replied with information regarding my case with JB.

Now, I got 143(1) asking for tax demand. What should I do?

A partneship firm sell one of its depreciable asset for 1 lakhs. WDV of the fixed asset is 25,000. Profit 75,000. Opening wdv of the block is Rs 10 lakhs.
There is no short term capital gain as per sction 50.
Query is 1) whether Rs 75,000 profit to be shown in P&L and tax to be paid 2) Or Should the profit be adjusted with the block of asset by deducting the entire sale cosnideration from the wdv

bother is joint owner of property .some dispute between brother .one bother wanted to remove his bother name from the agreement given compensation on the basis ratio as per agreement .so i want to know that how to calculate capital gain in this case .

One of My Clients Earns Contract Income along with Commission income. He was deducted TDS under both the Sections of 194 H and 194 C. My query is which ITR should i file? whether ITR-4 or ITR-3?
If ITR-3 means, will it be filed only by Chartered Accountant or Tax consultant can file it?. Please Clarify.
Thanking You

If a person has income lower than basic exemption limit and received term deposit after dedecuting tds but at the time of investment he didn't furnished pan and also at the time of maturity no pan was furnished can he claim tds after one year of maturity

Suppose ABC & Co is partnership firm which have turnover of 50 lacs in FY 2020-21. Firm want to opt presumptive taxation u/s 44AD. Suppose firm declare 8% of turnover as profit i.e. 400000. Now in this case how we calculate partners remuneration u/s 40(b).

Hi sir,
Assessee has has taken personal loan (at 11% ) to buy residential property ( empty site) house construction not started yet from ICICI bank.

whether deduction allowed any in the following sections?
1. 24(b)
2. 80C

Thank You in advance

Sir,
It assess cash gift to mother rs:15 lacs through on bank mode.if assess mother received amount fd investment in bank and assess fd interest income received from mother after interest income gift to wife account transfer.
Question:
1.Above transactions clubbing provision applicable in it act
2.above transactions gift tax applicable

Sir,
A person huf and individual both status it returns filed every year
1.personal drawings (house expenses) rs:1,50,000/-
2.personal drawings (house expenses)rs:1,00,000/-
Question:
Assess personal drawings both status allowed or one status only allowed in it act.

I have been trying to upload the ITR required as a reply for Section 148 notice. But the following error as popped up: "Caught Error Description as null" No matter how many times I've tried the error still persists. Please help.