Panneer selvan
03 July 2023 at 11:16

ITR Validation error

I have filed ITR 3, error show at the time of validation.. Category of defect A :You will not be allowed to upload the return. Kindly correct below errors in order to proceed further. 1. In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000 Where I have not entered any amount under this section. I have tried many times by Deletion 80 U from Part b and Part c in numerous occasions but in vein .Please update ITR 3 defects correctly ASAP or provide any other suggestions.

Read more at: https://www.caclubindia.com/experts/details.asp?mod_id=2901534


neha
03 July 2023 at 10:32

Regd : payment for labour

Hello

Please suggest me if any amount to pay in any labor for sometimes not regular. Which category we show.


Kalyani Srinivas
03 July 2023 at 09:04

IT deductions

Can we claim 1,50,000 rs under sec 80C(ELSS scheme)and 50,000 rs under sec 80TTB(senior citizen bank interests)together total of 2lakhs deduction?


Proloy Samaradivakera
03 July 2023 at 08:23

Dividends entry in Sch OS for an NRI

My daughter has an NRO account which was converted from normal Indian SB account to NRO in Oct-22 as her status changed to NRI. All the money in the NRO account are from Income in India - SB Bank Interest (from old SB A/C & NRO A/C) and Dividends from MF. The mutual funds where bought before conversion to NRO account and the holder status of MF were also changed to NRI in Nov-22. In 26AS under the MF Company there are entries for MF dividends under sec 194K where the TDS is at 10% for MF dividends from Apr-22 to Oct-22 and dividends from Nov-22 to Mar-23 are under sec 196A where TDS is @ 20%.
AIS stmt also shows the MF dividend in two groups - one under Sec 194K - Rs 26306/- and other under Sec 196A -Rs 15032.
In Schedule OS -under which heads will the two amounts be entered :
- Amt of Rs 26306/- given under sec 194K will be entered under the head 'Dividend Income [Oher than (ii)]
- Amt of Rs 15032/- given under sec 196A will be entered under the head '115A (1)(a)(i)
Dividends in case of non-residents' or
'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)


Venkata Suresh
02 July 2023 at 19:51

ITR 4 Financial Particulars

In AY2022-23,I filed ITR 4.At that time i filled 'Financial Particulars of the Business' section (E11 to E25)like sundry creditors,sundry debtors,balance with banks,cash in hand etc.But those columns are not visible in ITR4 form of AY2023-24.Is that Return form changed ?
Without going to ITR3,is it possible to enter those details ?


Accounts & Tax Consultant
02 July 2023 at 19:32

Accounting Treatment of EPF

Respected Experts,

One of my friend is a Salaried Person and also running a Travels Business.

Im Preparing Balance Sheet to him.

My Question is;

1. Can we show his EPF Accumulated Balance in Balance Sheet as Long term Investment.

2. If Yes, do we need to show the Investment only for his Portion? ( Employee Share) or the Entire Accumulated balance ( Employee Contribution + Employer Contribution)

2. Also can we also create Liability of EPF payable for March ( only Employee Contribution)

3. If the above Treatment is valid, then can i also show Interest Accrued from EPF in Exempt Income

Kindly advise



shivam rajput

Dear sir ,

I am getting confused in selecting the ITR form as I have income from salary from which tds was deducted , I have income around 5000 in whole FY from an app i have on playstore from which tds was deducted , I have income around 23000 from google admob for showing ads in app which was transfered through wire transfer in USD and tds was not deducted from it and finally I bought some mutual fund and then sale it later from which I had little profit around 1000 rupees and I incured total loss in equity around 400 rupees and zero profit.

so please help me, which ITR shall I file

thanks.


Zarvan Tafti

I too getting same error as described below. Please help

I created Form 26Q for Q1 FY2023-2024 using TDS RPU 4.6 (latest), validated it with TDS FVU 8.1 (latest) and after validating file successfully. I put the FVU file in a zip and filed the e-TDS. And as soon as I filed it, instantaneously it was rejected and reasoning was [Rejected at E-filing: Line 1- Invalid File]. The file itself is error free. I have re validated it. What to do?


DEVENDRA WAKODIKAR
02 July 2023 at 18:53

Cash introduce

As per income tax Pls tell me limit of introduce capital in cash in proprietorship firm can I do introduce capital in. Cash mode any time


mandar teli

Hi
I have received vat recovery notice for one company i am not at all related and officer has freeze my demat account. I am salaried person since i passed out from college. I have booked flat with relator by similar name but project has been closed and builder is in jail. Why I am getting VAT notice even though I am loss at booking amount I paid to builder and what can I do now.






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