Assessee aged 63 has incurred more than Rs.50,000/- towards medical expenses and also incurred more than Rs.50,000/- for his mother aged 86 years in f y 20-21

My question is whether he can claim deduction of Rs.1,00,000/- u/s 80D from his taxable income ?

If business entity have taken any service (advice & Professional service) from advocate other then legal service whether RCM will applicable on business entity ?

Dear Sir ,

I am running one business in the name of Anant Traders (Sole proprietorShip Firm ) . i am maintaining the books in that name also . i have some rental income & Saving interest income which is depositing in my personal account which is in the name of sharad mittal . i want to know whether i just include the rental income & interest income in the books of anant trader which i am maintaining .or some other books i need to maintain for interest income ( income from other Source ) & Home rent ( Income from house property ) . All this i am asking for income tax purpose.

Dear Experts

As per section 11(5) specifying the modes of investment for a Trust it says " Deposit in any account with a Scheduled Bank" . Does that mean it can be any kind of account ( Savings /Current Account) or it has to be only a Fixed Deposit account?

Please clarify

From:
CA Laxmi Mittal
Vapi

We are already registered CA per earlier I.T. site. Now in new I.T. site no option/link is available for DSC registration. Can anyone help in this regard
Thanks!

My building society had made some billing error in my monthly maintenance bill and based on this some amount was wrongly credit to my maintenance bill; as a result my monthly charges got reduced for that month based on this error. I paid the bill as per this new amount mentioned or demanded. In the next month the society noticed the billing error and they corrected this by adding the wrong credit amount given to the current months bill this was accepted. But along with differential amount they charged me interest at 21% for wrong credit given to me by society. Please advice if this is acceptable and can they charge this interest

In Grain Merchant business Busimessman wrongly availed a ITC on rs. 10000 on Bank Charges in March 2019. He wants to reversed the ITC in September 2021. How to reverse please guide. GST Audit Also dine for the year 2018-19 & 2019-20

I have filed ITR 2 for the Ay 2021-22 as I had long term Capital gain apart from my income under the head Income From Salaray and Income From Other Sources.
Now Can I file ITR 1 in the next AY if I do not have any Capital gain..

Can anybody help to down load the xl format of ITR 2

I have already sold a property and the gain was invested in Capital Gain in a Bond with National Highway authority.in 2018 for an amount of Rs.40 lakhs. Now i intend to sell another property for around Rs.205 lakhs and the gain would be around 70 lakhs. Can i invest in capital gain bond an amount of Rs.50 lakhs now and get the tax exemption and pay tax for the balance amount of Rs.20 lakhs.

If not what is the alternative available for availilng the benefit

Sir,
Mr. A is the Senior Citizen having no pension income and depend on Interest Income. His Son "B" wish that , instead of meeting day to day expenses of Parents , wish to Deposit of 20 to 25 Lakh out of his own deposit. So that .......
1) Parents will get income by way of Interest. Also higher Interest rate benefit will get Query is ... Whether it will attract clubbing of income clause ? . To avoid what precaution to taken in writing. Gift in writing is required ? please guide