ARUN GUPTA
24 July 2023 at 22:49

What is Ltc components in salary!

What documents are needed to claim LTC IN INCONE TAX? CAN WE CLAIM LTC EVERY YEAR?


Javed Memon

Respected Sir,
if a Practicing doctor Charge his Consulting fees and Medicine in single bill ( No Medical in clinic ), Simply diagnosis patient and give Medicne out of his Bag and Charge his Consulting fees and Medicine.
then Can a doctor Declare his Consulting Fees income u/s 44ADA and Medicine Income U/S 44AD ??


Chetan

SBI incorrectly deducted TDS of ~70K as per 194N in FY20-21, after lot of followups and multiple positive/negative entries in 26AS they finally added it in FY22-23 with data of booking of Nov '22 but transaction date is still Jan '21 What's the proper way to get refund for the same?

Should rectify ITR of FY20-21 or I can claim it in this FY's ITR? If I check 'Tax Credit Mismatch' of AY 21-22 It says "Tax Credit Claimed is Fully Matched with Tax Credit available in 26AS".

How to proceed with rectification?


CA Anmol Grover

I am unable to register on income tax portal as a CA. An error appears "The Membership Number entered does not exist. Please retry."
please help me to solve this problem.


S.K.Agrawal

For submission and Verification of ITR2 of an NRI online from India, it asks for Authorized Signatory and its PAN No. When raising request to add a signatory it asks for "Authrisation Letter" (Power of Attorney) to be uploaded.
Is there a particular Format for it which is got (Soft Copy) from NRI and to be uploaded on site.
OR
Any other method to submit ITR2 for an NRI from INDIA.
Please help.


Vijay Singh

I have a question regarding the tax liability of foreign exchange payments received in India. We have a client based in the United States who sends converted Indian rupees directly to my bank account. However, the mechanism used by their bank, Bank of America, allows customers to choose whether to send foreign currency (INR) or USD. If the client selects foreign currency, the bank pre-converts the amount before the transfer. If client does not select respective foreign currency, they send the payment in USD, following the usual transaction route.

Specifically, I would like to know if the payment received by me, as an Indian exporter, would be taxable under the Goods and Services Tax (GST) scheme.

I greatly appreciate your expertise and insights in this matter. Thank you in advance for your assistance.


ketaki
24 July 2023 at 19:34

Presumptive taxation 44 AE

One of my client is into business of movers and packers .Will he be able to take benefit of presumptive taxation?


CA AKSHMA YADAV
24 July 2023 at 19:16

FORM 15 CA REQUIRED OR NOT

An individual making payment in USD for software subscription, amount is directly debited from his credit card on monthly basis. Is he required to file form 15CA or not plz suggest.


VIMAL SHANKAR Mishra
24 July 2023 at 18:57

CRN IS ON HOLD

what should I do if income tax department says txn of rs 41600/- against CRN ending with 4591is on holddue to no response fromSBI BANK whether I paid balance tax on line sbi and amount deducted from my account.


Neeraj
24 July 2023 at 18:43

20% TDS deduction

I am retired and was having a FD in syndicate bank. Which merged with Canara bank about 2-3 years back. In FY 21-22 Canara bank deducted TDS @ 10% and I got form 16A. But in FY 22-23 the same bank deducted TDS at 20% and there is no Form 16A.I realised this problem when checking form 26as, AIS ETC.
When I contacted bank about 10 days back they saw that in my account my PAN NO has not been updated. They accepted their software mistake which merged syndicate bank details with Canara bank software. Now they keep saying that our head office is going to rectify it. But last date of ITR filing is one week away and how do I file my ITR. What other action I can take towards bank.






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