Kindly advise
Aggregate short term Equity Hybrid Loss. Rs27113
Long Term Equity Growth Gain Rs 31603
Long term Debt fund Gain Rs24949

Whether ST loss be offset against aggregate Equity LT Gain and Debt fund LT Gain
If so the non taxable LTCG limit of 1 lac applicable
What ITR FORM 1 or 2 to be filed
Thanks

DEAR SIR,
At present I am holding two pan cards. The duplicate one which is being used for commodity trading in mcx and my adhar card also made with duplicate pan proof so I filled the return on this for 3 years, the original one which is held by me is no transaction. Now I want to hold my original pan card. Therefor kindly tell me the proper solution because I have still one month is there for filling the tax rerun
Thanks earliest respons will be appreciated and respect from bottom of my heart

I am Indian tax resident with main source of income as salary from MNC. my employer also allots some RSU's bonus every year.

As I have shown my US RSU dividend income and the tax withheld on it in my ITR2.
I have claimed the tax withheld as tax credit under DTAA.
Now my ITR status is send to AO for processing.
Credits for tax payments made outside India claimed in the return , which can not be verified by CPC.

I have not filled form 67 as required by the process for claiming FTC under DTAA.

Also I have claimed refunds in my ITR2

My question is

What should I do now to complete my ITR assessment.
1. Contact AO and submit required documents.
2. Fill form 67 and file a revised return.
3. File a revised return and remove FTC claimed.

Waiting for AO to contact and process my return does not work out as I got to know that AO might take years to start the processing.

Any help/ suggestions in this issue are welcome and appreciated.
Thanks a lot.

One of my client have received notice from Karnataka Professional Tax department claiming Professional Tax payable as Rs. 5,000.00 pa from Financial Year 2011-12 to 2014-15.

My client is has a partnership firm consisting of 3 partners out of which one is senior citizen and having a total annual turnover of Rs. 35,00,000.00 and also have employed 2 people.

So now my query is what is the calculation behind Rs. 5,000.00 ?

I am a salaried taxpayer. Kindly let me know if following needs to be reported in schedule PTI in ITR2:
1. Short term or long term capital gains received on Debt mutual funds or FMPs? I have already added them in CG schedule to report gains.
2. Dividend received by foreign Stocks?

Dear Expert,
I'm a freelance trainer training ITI students to teach automobile engineering and soft skills.
So while filling ITR-4 SUGAM form (i.e. computation of presumptive income from profession u/s 44ADA), which sector and sub-sector (i.e. business code) I have to select? Whether the Sub-sector ‘Other professional services n.e.c.’ [i.e. Code: 16019] under the Sector ‘Professions’? Or else whether the Sub-sector ‘Technical and vocational secondary/senior secondary education’ [i.e. Code: 17003] under the Sector ‘Educational services’?

Please guide me.

I have bought a property and have to pay TDS as buyer 1% of the value given to seller. Form 26QB has been filled and created to make offline payment. But now I want to make the payment online.
What will happen to the 26QB already created for offline payment?

Sir,
I work as a international contractual worker and was on deputation in several countries last year and stayed outside india close to 190 days.
I donot have a TIN .
in ITR 2 it asks for foreign TIN, which i donot have what shall i mention here.Can i mention my tax residence as India.
2nd thing in 2nd option it mentions how many days i stayed in last 4 years, it may be over 400 days if i calculate, but all those previous 4 years i worked overseas based on contractual work.

what shall i do here.

Just to mention i stayed outside of india for last 5 year or so over 183 days.

Please advise what shall i do. thanks in advance.

My father has retired from SAIL in May 2019. After retirement, he has got Gratuity, PF and other funds. My father has also running a photo studio and video shooting business.
Can I TRANSFER these amounts in my CURRENT account and TRANSFER these amounts to the members of my family?

Hi Expert,

Please reply along with applicable Section Number.

Query: Whether an Individual who is a resident of Meghalaya,North Eastern part of India,who is eligible to obtain Aadhar Number but has not obtained it. Whether he need to obtain and quote an Aadhar Number while filing his return for AY 20-21

Thanks, Vishal