Total Amount of Tax Deposited validation failed (Sum of Tax + Interest + Surcharge + Others + Fee should be equal to Total Challan Amount) , after filing the correction return of TDS , this is the reason for the non processing of correction return . Please guide me how can this query be resolved.

I received notice under section 143(1)(a).Is it mandatory to respond to the said notice.What is the solution if i want to respond to the notice.

What is maximum limit for Commission receipts (LIC/Post Office), for which income cannot be declared u/s.44AD ?

Whether income from LIC commission may be declared u/s. 44ADA in ITR 4 ?

dear sir, i have filed my incometax return[audit case].one party has done tds in 2018-2019 but due to late i show this income[commision] in 2019-2020.also gst bill issued in 2019-2020and party is not ready to revise this tds return
please advice

Sir, I am a retired employee of United India Insurance Co. Ltd.and have been getting my pension/salary. I had filed my ITR for AY 2019-20 with a refund claim of 40,000/-. . I had filed my ITR for AY 2011-12 and 2012-13 manually with neither refund claim nor tax paid (Only TDS). But , my employer has not filed TDS return and hence, the TDS for AY 2011-12 and 2012-13 is not showing in 26AS .Now the CPC has sent me a notice intimating to adjust the previous demand with the refund claim of AY 2019-20. Sir, please let me know how should I proceed now.

Hello,

I have purchased an apartment recently and am needed to deduct TDS for the purchase. I have the following queries regarding the form 26QB

1. I have paid earnest money by two cheques disbursed from my account on 16 Aug and 22 Aug. I have not deducted TDS then. Can i deduct TDS on the entire agreement value now in one go or do i need to deduct TDS separately for each of the cheques?
2. As the remaining amount will be disbursed by Bank through Home Loan, I am required to deduct the TDS. The actual amount disbursed by bank will be lower than the remaining amount (agreement value - earnest money), as i will also deduct TDS. So in Form 26QB, which value should I put, Agreement- Earnest money or Agreement-Earnest Money -TDS?
3. As my wife is co applicant in home loan, how do I factor her in in the TDS payment.

Regards

Whether it is compulsory to provide depreciation as per Income tax rule rate in non-audit cases. May I provide less depreciation on vehicles, plant and machinery, FFF ? .My turnover is less than 1.00 crore and I declare my income u/s.44AD.

I had sold ancestral land (purchased by my father long before 1980) during FY 2018-19.. I have to pay LTCG tax on the same. I have tried my best to know the govt. value of the land for calculating indexed cost of acquisition, but could not find the value. What is other alternative for the same ?

Respected Expert,

I’m a resident (i.e. resident and ordinarily resident). I got a temporary job (i.e. for 1 month period) as a FREELANCE Trainer to train ITI students to teach the work culture and soft skills. My client (i.e. employer) has deducted TDS from the payment (i.e. consolidated professional charges) under SECTION 194J. Which ITR form I have to file to get the refund of the TDS? ITR-3 or ITR-4?
I enquired so, because a Freelance TRAINER can’t adopt Presumptive Taxation Scheme of SECTION 44ADA as he/she won’t fall under either Legal profession or Medical profession or Engineering profession or Architectural profession or profession of Accountancy or profession of Technical consultancy or profession of Interior decoration or profession of Advertising or such other profession as is notified by the CBDT for the purposes of section 44AA (i.e. profession of Authorised Representative, profession of Film artist, profession of Company secretary, and profession of Information technology).
A freelance trainer also can’t adopt Presumptive Taxation Scheme of SECTION 44AD as he/she is not running a business. Because section 44AD is for BUSINESS and not for NON-SPECIFIED PROFESSION. Hence does a person who is engaged in a profession other than ‘those professions as prescribed under SECTION 44AA(1)’ will have to file ITR-3 form?

Please guide me and clear my doubt.