vani
05 October 2019 at 01:36

EPF withdrawal before 5 years -queries

When EPF is withdrawn before 5 years, from the past Q&A I've gathered that the Employer contribution and its accumulated interest should be shown under the head salary. Specifically under "Profits in lieu of salary as per section 17(3)" Is this correct?
member contribution where 80C benefit was not claimed in the previous years is not shown in the ITR ?
Show revised income tax for previous years in form 10E and claim relief under section 89(1). Is this correct?
Please advice. Thanks


vani
05 October 2019 at 01:11

Withdrawal of EPF before 5 years


For withdrawal of EPF before 5 years should one use ITR1 or ITR2. WeI used ITR1 and showed the taxable portion under Income from other source and it was returned as defective. Now I find in ITR2 Schedule OS having "Accumulated balance of recognized provident fund taxable u/s 111" added to Income chargeable at special rates. Should we add the taxable portion of EPF here in Schedule OS. Kindly advice. Thanks


Sahil Bhatia

Hi experts,

One of my client's cancellation application is pending for more than an year. I have visited the department several times but i hear lame excuses all the time. Is there a way to escalate the issue to higher authorities?

Thanks


Arvind Pusalkar
04 October 2019 at 22:00

UDIN

1) Can a UDIN be revoked / Cancelled and regenerated with New Financial Figures as Date is extended to 31st Oct 2019.
2) I have Come across some CA's who are adamant that their is no provision for revoking and regeneration of UDIN and they will file ITR and Audit Report as per old Financials they have audited before
3) Is their any Fine/Penalty for Assesses for whom their CA's did not generate UDIN before 30th Sep 2019


Shobhit Jain
04 October 2019 at 18:48

SRN MCA

I have made payment for SRN in MCA, my account got debited but on the MCA site it is still showing as payment not done?


pramodini ramakant belekar
04 October 2019 at 17:13

TDS procedure

Details procedure of Deducted TDS


SushantSingh
04 October 2019 at 16:49

Require CA to file ITR2

Kindly, give me references for CA who has expertise in filing ITR2. I have no income in India. However, would like to start filing tax returns even if income in India is zero. I plan to return in 2 years and I would prefer a normal CA who knows how to fill schedule FA, for some shares that I had of my former company which was allotted with monthly employee contribution. Please suggest a down to earth CA since I am a simple daily wager without wings.


Kollipara Sundaraiah online
04 October 2019 at 16:46

Violation of section 269st

Sir,
One partnership firm
One partner additional cash introduced rs. 6 lacs cash per day to firm
Another partner cash withdrawals rs.4 lacs cash per day from firm
Above two transactions allowed or violation of sec 269 St.


vinay
04 October 2019 at 16:15

ITC on Electrical Transformer

Can we claim ITC on electrical transformer purchased in Rice Industry where the mill is used for service i.e hulling charges will be collected from private parties by charging 5% gst


dhanyata naik
04 October 2019 at 14:29

Sale of Jewelry received in marriage

We are married couples married in year 2007, at the time of marrige we had received 2 kg of gold in different forms as gifts from both of relatives, we can say 1 kg for each ........... now we wanted to sale it and convert it in to money as recent prices of gold is very high. expected income shall be 75 lakhs totally, we can show 50% to each so that it would be 37.5 lakh to each, my query are as below 1. what kind of proof is required to prove to IT department sold jewelry are received in marriage as gift 2. will there be any issue of wealth tax? or we should keep amount less than 30,00,000 lakhs? 3. If we invest money in the capital bond then can we save on capital gain tax kindly advice me





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