Hello,
Due to pandemic I had to move from my work location to native but I didn't vacate my place at work location. I paid rent at my work location, also I paid rent even at native to my parents. At home I didn't pay rent as such but I had spent equivalent amount of rent towards the home expense. Am I eligible to claim HRA for native too in such case ? Kindly note I don't have any transaction proofs nor rental agreement to show rent proof other than rent receipt. Kindly advise.

I am salaried individual and get HRA under section 10(13a) from employer [30k per annum]

Actual rent paid is 120k per annum. As you would have guessed, due to higher basic salary am getting low HRA exemption.
I wish to claim 60k in section 80GG in addition to section 10(13A). total claim 90k [ 30k section 10(13A) and 60k section 80 GG)

Below are my queries:
1. Is it allowed to claim both section 10(13A) and section 80GG in ITR filing ? I could see the online submission tool allow me to fill values both section 80GG eventhough section 10(13A) was auto populated.
2. Will IT Dept send notice later when actual ITR processing start ? Ideally this should be integrated in ITR filing stage to avoid such things.

Thanks in advance

A business assess purchases of site value Rs:22 lacs as on date:20-12-2020.but cash balance Rs:15 lacs as on date:20-12-2020 in books.
Question:
Assess Rs:7 lacs difference amount adjustment options mentioned below.
1.cash loan from Rs:20,000/- *35 members received allowed it act.
2.cash advance from 1 lacs *7 members different customers.
Above options cash received correct methods

Sir I have start small business during 2019-20 and its turn over is Just below Rs 2000. I try to submit return through ITR 4 Under 44 AD. But is shows 30 % tax instead of 8 % presumptive while entering gross turn over . my business is a partnership firm . I use "Firm" in status bar. Please advise the same with
regards Binu

Dear expert,
my client deposited in scss deposit of Rs 10,00,000 in 1.12.18. He claimed 80c deduction for 150000 in AY 19-20. can he claim further deduction of Rs 150000 in AY 20-21 under 80c.

awaiting for your early reply

regards,
aishwarya

During f y 19-20 motor car was damaged in water logging and insurance claim was received
whether depreciation as per companies act can be claimed till date of disposal ?
also whether insurance claim received and subsequent profit earned i.e. insurance claim received minus w d v of car is business profit ?

Respected Sir

My Friend is doctor , and his gross receipt is around 15 lakhs Rs. if i File ITR u/s 44ADA then i have to show minimum 50% profit ,
but if i don't opt 44ADA and choose ITR 3 then also i have to show minimum 50% Profit ??

I have income from salary, short term capital loss and intraday profit. I filed my income tax return for FY 2018-19 in ITR 2 where i did not separate intraday transactions from short term capital transactions. For the FY 2019-20, can I continue showing it without separating or should I show intraday profit separate from short term capital loss?

Respected Sir / ma'am
I have one client whose ITR filled for last 4 year, now he wants to not file return from this year (FY 2019-20) onward. Can i know consequences for the discontinuation of IT return ?
there is one more doubt, what if ITR change from business income (FY 2018-19) to Salary income for this year (FY 2019-20).

For the purpose of sec 44ae OF INCOME TAX ACT Which weight to be considered?Gross weight or Unlaiden weight as Both the words are contradictory in meaning and have considerable impact on income. Please clarify. Also give example if possible?