Team,

If you choose e-pay later while filing ITR, do we have to wait for any acknowledgement from IT department to make the payment or choose e-pay tax and make new payment - if so which head do i choose - 300 or 400 . kindly advise. Regards, Mukund

Please guide as to how & where to show post office savings account of less than Rs. 3000 in ITR2?
Is it required to be included first under interest on saving account first & then shown as exempt?

A works contractor received an amount for the works done by him in March 2023. But omitted to be include it in his March 2023 GST returns. Since its a school construction, its to be included in B2B. But omitted in March. Now he wants to include in june returns. He has paid the GST due in June 2023. But i am not able to mention the date of supply in B2B. How to rectify this. Can the experts throw on this issue please.

TDS deducted and deposited on Property purchase now deal cancel and while filing the refund at TRACE all challan show consumed. what to do in this case if seller revise his ITR and delete that TDS challan in that case is the challn can be open as unconsumed challan or any other way. kindly advise.

I am getting the following error even though i have filled up all the details of the representative and have received approval for the representative "Since return is filed by a representative assessee then details regarding "Name of the representative, Capacity of the representative, Address of the representative and Permanent Account Number (PAN) / Aadhaar of the representative" is to be mandatorily filled."

Hi Team,

I'd a doubt with accounting treatment of PF(employee portion), LIC premium paid, PPF/NPS contribution made by a salaried person.

Whether the 'premium amount/ employee portion of PF/contribution made to Funds' needs to be shown as expenses and then add it to asset?
Or it needs to be credited to Capital account and then add it to the Asset?

Also, any interest accrued for the same needs to reported in my books immediately? If yes, then in P&L account or Capital account and then add it to respective asset? If no, then how to show the bulk maturity amount when received (what could be accounting treatment)?

I think account treatment will be different for PF portion, LIC but same for NPS & PPF?

Please take sometime and solve my query in detail with regards to all investments shown, I've been looking for this answer from long time.

Awaiting for someone to help asap. Thanks in advance.

An Hospital run by doctor as a Proprietorship under nursing home registered under her name though she not practices her own practice with hiring other professional doctor on professional fees, purchase machinery and other equipment for hospital, hire nurses, lab, medical, and other staff, paying rent, electricity is an Business or profession can she file business return with ITR 3 without 44ADA.

Hello,

while filling ITR which date should be consider for Dividend bifurcation actual receipt in bank account or Transaction date shown in 26AS ?

Dear Sirs : My query is :::: For filing of Income Tax Return on income from house property for assessment year 2023-2024, Is it mandatory to mention evaluation report for property rented in income tax return . Kindly advise. Regards

Sir,I have retired from state Bank of India in sept.2022.I received Rs.1131310/- as leave encashment amount i.e 8 months salary balance.Bank has deducted Rs.226262/-tax on this.Can I claim refund of this amount.Please clarify.