vishnu Rajput
25 July 2024 at 13:45

ITR Form Related Query

You have filed your income-tax return in form ITR-4. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194S/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94S/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-4 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-4.

My TDS is deducted under section 194I(a) and 194C .kindly guide me which will be the appropriate ITR FORM. Earlier I Have filed ITR Form-4. Apart from that I have only saving bank interest.


Raj Thakkar
25 July 2024 at 13:16

Information in TDS return

While filing tds return whether details is required to be submitted for transaction which are not subject to TDS. (e.g. TDS was not deducted u/s 194Q on purchase as the total threshold limit of Rs.50 lacs was not exceeded.)


DANISH

SIR
IF WE GOT THE AMOUNT OF RS 11 LAKH AS A FORM OF EX -GRATIA FROM EMPLOYER AT THE TIME OF RETIREMENT,
IS EX GRATIA INCOME IS TAXABLE OR NOT IN INCOME TAX ACT.


elsa blake
25 July 2024 at 12:18

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Rajesh Topiwala
25 July 2024 at 11:56

Capital Gain on Property indexing

Can indexing benefits on Sales of immovable property which was acquired before 01.04.2001 say acquired in 1975 received now in legacy or say by way of Gift?


Satish Shenoy
25 July 2024 at 10:33

Debt Funds Indexation

Sir,
Income tax 2024: Is Indexation still available for Debt Funds investment done before 01 April 2023?


Ashish Gupta
25 July 2024 at 10:00

Error Description

Error Description
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.


Krishnakant Kumar
25 July 2024 at 05:46

Sea duty allowance

sir, i m a defence personnel(navy)
a) Is sea duty allowance exempted in section 10(14)(ii) for a defence person???
b) There is difference in gross income in form 16 (Mar 23- Feb 24) and form 26AS (Apr 23-mar 24) . Which gross income to be shown in ITR form 16 or 26 AS form??


Antony Emmanuel k
25 July 2024 at 00:35

ITR 3 filing error

Dear Sir,
Could you please help me to resolve the error which pop up while validating the ITR 3 in which i am declaring the presumptive income u/s 44ADA and short term capital gain u/s 111A.
the error message popped up was

"Income under business and profession is claimed but gross receipts are not mentioned in profit and loss account. OR Profit shown is less than 50% of gross receipts but details of maintenance of the books of accounts and audit report u/s 44AB in Part A-General are not filled up."
I have shown gross receipts in presumptive income section 61 onwards and shown income more than 50%.
Any one has any idea. Thanks


Dipak Gulhane
24 July 2024 at 23:21

ITR FLIING ON DEATH HUSBUND

HUSBUND WHO WAS WORKING IN PVT COMPANY DIED IN JUNE 23 TILL THAT HE RECEIVED SALARY IN HIS AC. AFTER HIS DEATH HIS WIFE RECEIVED GRATUITY/LEAVE ENCASHMENT, EX-GRATIA ON DEATH IN HER BANK AC. COMPANY WAS TAKEN TERM INSURANCE PLAN FOR WHICH 1 CRORE RUPPEES WAS DEATH CLAIM RECEIVED BUT THAT WAS NOT RECEIVED IN BANK AC OF WIFE BUT INSTEAD COMPANY HAS MADE INVESTMENTS IN HER NAME DIRECTLY IN EQUITY SHARES AND MF. GRATUITY, LEAVE ENCASHMENT AND EX-GRATIA WHICH IS RECEIVED IN WIFE BANK IS NEED TO BE SHOWN IN HUSBUND ITR AS INCOME OR IN WIFE ITR? IS TERM INSURANCE CLAIM IS EXEMPT U/S 10 (10) D.





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