Monthly salary- 53000 (yearly=53000*12=636000
Children Education Allowance- 26500 (Received in Mar)
Yearly Bonus- 53000 (Received in Aug)
Total in hand Salary=636000+26500+53000=715500 (715500/12=59625 p.m.)
Gratuity will be received as and when i will leave=Rs.3 Lakhs
My question is in the interview what is the CTC to be told to them=Rs.7.2 or Rs.10 Lakhs?
What is the monthly take home i have to say Rs.53k or Rs.59K?
When it is asked why your salary is so low after so many years what should be the reply?

We supplied goods to our customer after buying from the supplier who issued us normal bill although the dealer was liable to issue E-invoice. Our customer have rejected goods and we want to return goods to the supplier. What will be the process of return? Since we are returning the goods will our ITC BE effected as dealer is issuing normal invoice instead of einvoice. Please clarify all the effects of goods return and process involved for return of goods.

I am a marketing exicutive in an entity. Along with my salary i have received some amount as commission. While filing income tax return, my tax return preparer advice me to claim 50% expense on these commission income. Is there any problem on claiming expense on commission income

Sir/Madam

Please resove below doubt for taking deduction of Housing Loan -Interest & Principal for the fy-2021-22--
> One of my client have taken housing loan in joint account with his wife - proportion is 50 % each

In last year he was taken deduction of housing loan interest & principal 50 % individually.

In this current year can his wife taken 100 % housing loan interest and principal from her total taxable income?? because his spouce income is not taxable income and tax payable??

Installment is paid from saving bank account- jointly holder

thanks in advance

We received goods from dealer with normal invoice and eway bill although dealer was liable to issue einvoice.
Now after 7 days we want to return the goods as goods are defective. The dealer is ready to take back returned goods by issuance of credit note to us. So in this situation what will be the effect on our ITC. Since we are returning goods to the dealer will our ITC be effected in any way. Please clarify?

Dear Sir,
I have tried to file my IT Return online. As per my 26AS I have received 50000 as interest in FY 2021-2022, but when I try to file my return online it shows 68000 as pre-filled interest. What should I pick as interest amount ???

The entire amount of TDS has been deducted and paid in March 2022. However sale deed was signed in April 2022. In which year do we show capital gain income? Is it possible to claim the refund for the extra amount of TDS in the current AY?

I want to kbow about finalization accouts. Which entry will be done .
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.

Hello Sir,
Mr X is having income from
1 . Interest on Deposit. 2.00
2. Commission from LIC. 0.25
3. Income short term gain 1.00
4. Income from Intraday 0.25
5. Income from LT Gain ( exempt)
6. Income from Zerox/ typing. 2.50
Total 6.00

My question is
1) Income from LIC commission is business income or income from other sources ...?

2) for Income from business / Zerox . and Intra day profit
. Can I show in ITR 4 ( u/s 44 AD) or ITR 3 ?
No books maintained for Zerox business.

3 ) 2 years back ITR 3 filed .

So i have to file ITR 3 or ITR 4 ?
Please guide for this and for lic commission where to be clubbed .

Thanx for reply .one my small query is while filing return WHICH BUSINESS CODE TO BE SELECTED ....

my brother received receipts with tds deduction under 194jb, he is an ISI AUditor...which section applies to him 44AD OR 44ADA......IS ITR 4 TO BE FILED?
HOW TO DECLARE INCOME