I work in Merchant Navy. In the new ITR 2 form of 2019. When we select NRI, there is two option. Which option should we use?1st option its asking Tax jurisdiction and TIN (we dont have TIN)
Second option its asking days stayed in India previous year and days stayed in India for last 4 years(We dont come into this category of 60 days in India in that year and 365 days in India for last 4 years to claim NRI status as we always manage to stay outside India for more than 183 days every year..
My query is after selecting NRI option in the ITR2 :
1)can I chose option 1 and mention tax jurisdiction is INDIA and TIN as Not applicable.
or
2)can I chose option 2 mentioning Indian citizen - days stayed in India for the financial year as 155 days(210 days outside India) and days stayed in India for last 4 years as Not applicable(Which is actually 600 days), or can i mention as it is as 155 days and 600 days respectively .Just for info,I have maintained my NRI status for last 10 years by staying out India for more than 183 days. Plz advise regarding which option to chose.Thanks

Dear Sir,
I generated Form 26QB and then generated Challan - ITNS 280, option 0021, under 800 (TDS on sale of property. Now I am trying to register my self in TRACE to obtain Form 16B (TDS certificate) but unable to register (mail received - Registration has not been processed due to incorrect verification data entered during registration request submission. Please raise another registration request with correct verification data.)
How I can obtain now Form 16B to issue this form to seller. Also today I got mail from TDSCPC that Regular Statement for Acknowledgement Number XX04XX110 filed by you through TIN has been processed by Income Tax Department (ITD) u/s 200A and no defaults have been identified for this statement, what is meaning of this message.
Request you to kindly help me out to get the Form 16B (TDS certificate) to issue to Seller.
Regards,
Dalbir Singh

Dear Sir,

We are doing in business with AP Registration ,now recently on wards we opened one branch at Telangana for rental basis ( we don't have any registration at telangana ) , can we take rental invoice with AP Registration or not.Kindly give me suggestion.

Hi,

I had paid 6Lakhs instead of 60000 while paying 1% TDS . I have rectified it in TDS and have raised the refund request. It has taken 2.5 years to get this done as was not knowing the correct process and there were issues in correction.

Will I get interest on this amount?

Dear Sir

I have purchase a flat in the year 2012 with Rs.600000/- and now I want to sell the same at Rs.4600000/-
But the flat was mortgaged with bank ( I have taken education loan from Bank for my child)

My Query is if i pay the bank loan from profit of sale of property is taxable in my hand or not.

Please help me

A property was sold on 03 April 2019 for Rs. 60,00,000 and purchase cost indexed was Rs. 40,00,000. What would be the amount to be deposited in CG deposit account and when will it needs to be deposited as per IT?

Dear Sir ,
The dealer is a trading concern & registered under gst act in odisha since last ten years my turn over is below 20 lakhs want to cancell my registration certificate wef 01/04/2019 due to enhancement of minimum limit for registration from 20 to 40 lakhs .The dealer is dealing in medicine in retail and presently he is a composition dealer under gst act .Please advice when to apply fore cancellation the dealer will contuning the business and the turn over will below 20 lakhs .

with thanks & regards
chinari ganesh.9437339943,8018753174

sir,
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks

I am a resident senior citizen tax payer. I do invest in ELSS MF(Growth option) each financial year to save tax under section 80C of Income tax Act.
I had invested as usual in some ELSS schemes in March 2016 which I intend to redeem now after completion of 3-year lock in period. Since introduction of LTCG tax by the central budget 2018, this the first time I will sell ELSS units.
As such I am in need of some clarifications on calculation of LTCG from experts.
The following example will be helpful for me.
I had purchased 1690.846 units of a particular ELSS on 09.03.2016 at a price of Rs.29.57/unit. The total investment was Rs.50,000/-
NAV of these unit on 31.01.2018 was Rs.44.8938/unit
My sale price on 12.03.2019 is Rs.46.253/unit
Appreciation in value since 31.01.2018=(46.253-44.8938)=Rs.1.3592/unit
Hence total gain= 1.3592*1690.846=Rs.2298
Since, LTCG upto Rs.100000/- is tax free in a financial year, I am not required to pay any tax for this gain.
Am I correct?
Kindly, give me expert opinion.

Sir ,I've received ITR refund of Rs 2900/- in FY 2018-19(without any interest) and some cash gift(aprx 40000/-) from mother through cheque in June 2018(FY 2018-19).How to these to be shown in ITR-4 while e-filing of itr in FY 2019(AY 2019-20)?Are these income be taxable?Please help sir.Thanks in advance.