Hi,

I am getting quarterly interest on Corporate FDs for which some tax is deducted at source.Now i have got some queries related to this:

1) Income from FDs is considered as Income from other source.Is there any way to save tax from these FDs?

2) Do i need to pay tax on FDs at end of financial year or its going to be quartely?

Thanks,
Prabh

Lost the whole amount of FDs from Plethico, Elder, Helios and may lose partly from DHFL FD & DHFL & SREI NCDs. Can we offset this long term capital loss against any LTCG from other asset classes and carry forward for eight years? Do we need to submit any proof to claim this? Thanks

What is Pevr in srn status... Had applied for dividends transferred to iepf

Thanks sir, but why not 194C. My friend telling me 2% tds is applicable. Therefore i am so confused.

Hi,

I have a partnership firm registered in 2015 for construction purpose and obtained a GST registration for the same, now i want to add a new nature of business for my old partnership firm, the new nature of business is retail. what is the procedure for the change of nature of business at the registrar of firms? Can I include the new nature of business for the GST number, if yes, what is the procedure for the updating the new nature of business in GST.

Thanks in advance for your replies.

Hello sir,
I bought my Flat in 2008 for 36 Lakhs. I intend to sell this month for 68 Lakhs.
I paid Brokerage Rs. 1.60Lakhs to find a buyer .
What will be my Capital Gain.
Please inform how much is my Capital Gain?
How much should i invest in Government Bond to get exemption from Capital Gain?

Thanks and regrads

Dear Sir,

Is it mandatory to fill cash and bank balance in ITR 4 for AY 2021-22.

The ITR gets validated even if the details are not filled.

Regards,
Divyesh Jain

Dear All,

This is to inform that we have made complete partition of our HUF by mutual agreement among the family members and distributed the bank amount among the members. Further the bank account is also closed.

Now our query is that we are not able to file IT return as Bank account is mandatory for filing of IT return and also for claiming refund.

Whether the bank account has to opened again ?

Waiting for your valuable advice.

Thanks & Best Regards
Uttam

Tax payable on total income is Rs.18,91,400/- and TDS deducted from salary and other income is Rs.17,82,346/- which is 94% of total tax liability
Still after filing ITR 2 interest us 234B is getting calculated
What can be done to rectify this and file income tax return ?

Dear Expert,

I would like to know the taxation impact of the Creche benefit to employees. Company would like to pay between 8000 to 13000 per month.

Kindly advise on below :
1. Is this benefit need to be considered as Income/ Perquisite to employee. Please provide the detailed extract with taxable & non taxable portion.
2. Is there any taxation exemption under Income tax for Creche expenses for employee or Employer.

Earlier response on this is highly appreciated!

Thank you,
GP