I am pensioner from UIICLtd. In FY19/20 I was paid pension for 13 months due to corona disturbances and I paid I tax on 13 months pension as per advise of tax consultant. In FY 20/21 payment of pension is for 11 months. When I T return filing for FY 20/21 is attempted providing 11 months' pension as received in FY 20/21 it is not accepted by e tax filing portal with message that pension is less than form 16 shown on 26AS..Form 16 for F.Y. 19/20&20/21 both are issued for 12 months on accrual base by pension paying authority viz. LIC, whereas I am paying tax on receipts base as income is taxable on accrued or paid base whichever is earlier. I don't want to pay tax twice on pension for March 20 accrued on 01/04/20 but paid on31/03/20. I may kindly be advised/guided. Thanks with regards. Ramesh

I have filled TDS return Form 26 Q but doing mistake that in column date on which tax deducted enter the date of deposition of challan.

Return process with default and raised interest for demand.

Sir, should I revised the TDS return with correct date.

Offlate whenever I see a query or reply to a query, I see multiple answers being copy pasted. The reason it seems is the competition of number of likes or points.
Caclubindia is a wonderful learning platform where we can add value to our careers and knowledge. Kindly dont make it a some sort of competition. Correct the expert when he or she is wrong or add into his or her reply if you think something is lacking in the answer. But illogically copying and pasting the same replies wont help anyone. I am fed up of new notifications popping up and then just seeing same answer being copy pasted. I apologize for any inconvenience caused from this post. But being a part of this wonderful platform I hope you will understand my point.
I request @CACLUBINDIA to withdraw this competition. Only genuine replies will be there.

Sir,
One of the individual status business person salary pay to employee (son)rs:10,000/- amount p.m.
Question:
Assess salary pay to son amount business expenses claim allowed in it act.

hi

my relative is an engineer and he has salary income of 30 lakhs Rs and professional receipts of 30 lakhs also

can he take benefit of presumptive tax of 44ad or the limit of 50 lakhs is applicable on total of salary plus professional income i.e. 60 lakhs Rs here and hence presumptive tax benefit cant be taken

Ours is a government school. we giving rent as per accrual bases( i.e.3 months once). but we are filling tds returns for rent as per cash bases. But owner asking us tds should be reflected as per accrual bases. how to submit tds returns as per accual bases. Kindly suggest us

During F Y 20-21 one partner retired and one was admitted as on 30.06.20
Provisional accounts need to be prepared as on 31.03.21
My question is in provisional accounts as on 31.03.21 how will the treatment of share of profit to old, newly admitted and retired partner be shown ?

An existing proprietor company is getting converted to partnership firm. The name of the firm is to be maintained the same. will new gst number for partnership firm be given for the same firm name and the same address. The proprietor company gst will be surrendered later after 2-3 months overlap.

If Father purchase Property and he is the owner of property and Daughter is only Co-applicant for Home loan then what would be tax treatment in hands of daughter when property gets sold in future . is daughter gets tax benefit for repayment of loan and interest component .

Or Father can get benefit u/s sec 54 (Old property sold )for in case Property is in name of Daughter.

Case : If Mr.x has 5 house property. out of which 4 are let out and 1 is self occupied. he gets rent for 4 house property.

Query : Now can he claim 2 house property as self occupied on notional basis for AY 2021-22?