Income Tax QnA - Page No 353

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raghavendra b

20 July 2024 at 15:01

SB INTEREST UNDER NEW TAX REGIME

DEAR SIR,

IS THERE SB INTEREST EXEMPTION UNDER NEW TAX REGIME. IF YES HOW MUCH INTEREST CAN BE DEDUTABLE

THANK YOU

REGARDS

Nanu Gupta

20 July 2024 at 14:55

80ccd2 contribution by employer to nps

Employer contribution to nps is not considered in form 16. Now to take deduction do I need to add it to salary first?

Raj Thakkar

20 July 2024 at 14:53

GST on facility provided to Ex-Employee

Whether gst will be leviable on charges received from ex employee for swimming pool facility?

Kollipara Sundaraiah

20 July 2024 at 13:10

Cash and jewellery theft transactions in it returns and books f.y. 23-24

sir,
It assessess trading a jewellery business cash amount rs:10 lacs and jewellery value rs:15 lacs theft f.y.23-24
Question:
Assessess cash and jewellery theft value transactions show procedure in it returns and books.f.y. 23-24.

Jatin Sachdeva

20 July 2024 at 12:24

ITR before AIS feedback

Hi Sir/Ma’am,

There is some incorrect information in AIS but it’s been 3 days and income tax site throws an error while submitting the feedback in AIS.

What can be done in this case?

Thank you

PIYER

20 July 2024 at 12:23

Presumptive Taxation under Section 44AD of the Income Tax Act,1961

Hi,
This is to confirm Whether Euro Kids Franchise can File Income Tax Return under Sec.44AD Presumptive Income Scheme?
Brief Business Model is as Follows:
Student Pays the Fees Directly to Euro Kids Say Rs.100,Euro Kids deduct their Royalty and Taxes Say Rs.20 and Remit the Balance Say Rs.80 to the Franchise.
Can the Franchise go for Section 44AD under the Income Tax Act,1961 Presumptive Income Provisions?

Javed Memon

20 July 2024 at 11:59

Revise Return after due date

Can we revise return after due date under old Tax Regime and New tax Regime Both ??

Jacob Abraham

20 July 2024 at 10:24

TDS on Brokerage paid to Share Broker for commodity Trading

Kindly advise whether TDS applies to brokerage paid on commodity trading in MCX. If yes, what is the limit and rate of deduction? which section is applicable on the same