I have a question on how to a legal heir can claim the TDS deducted from a deceased parent in the legal heir's tax return if the latter is paying taxes on the deceased's income.

For example, let's say the decreased father had Rs. 100 income listed in form 26AS in the last financial year but died in end June. Let us assume that Rs. 25 of this income is to be taxed in the father's hands and Rs. 75 in the legal heir's hands.

In the TDS section of ITR 2:

Column 10 under Income (Claimed in spouse's hands) will be Rs. 75.

What will be the value under column 11 (Corresponding Receipts Offered, Gross Receipts)? Will it be the deceased's share of the income (Rs. 25) or the total income of Rs. 100 (Rs. 25 income of the deceased plus Rs.75 income of the legal heir)?

EDIT: My question is primarily about what the column above correspondings to? Is it the deceased's share of the income (Rs. 25) or the total income received by the deceased including the legal heir's share (Rs. 100)?

I have filed the tds nil return for Q1 and Q2 need to revise it but can't able to do it so ..
Can you please help me out to fix this issues

Hello Experts,

The case scenario is :
A goods transport agency opted for Forward charge by filing Annexure V on 28th May 2023 for FY 23-24, as the date was extended upto 31st may.
Now it had already done 1 transaction under reverse charge in April.
As the notification says that once opted for forward charge, all transaction should be as per forward charge for FY 23-24. So what will be the course of action in this case?

One State Organization in Maharashtra has issued form 16 in which they have not claimed interest on home loan interest on accrual basis & full installments is claimed in 80C as Principal repayment.
This is concessional low interest loan given to employees say for 20 years of which first 15 years will be use for principal recovery & last 5 years for interest recovery out of repayment installments. But Section 24(b) allow interest on accrual basis & not paid basis even if interest paid in next F.Y. & we wish to claim it on when paid as per organization interest recovery mechanism mentioned above & interest will also be shown by employer in form 16 when actually recovered in some last years installments. Is form 16 is correct & if not then shall I claim Interest as & when accrued for for each F.Y.?

1. Is any registration, license or certification mandatory for providing training/coaching for "Online Commodity Trading - profitable strategies" to interested persons or a fee, via online & offline mode?
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.

Hi,

I want to know whether income tax on Dream11 winning for FY 2022-23 is on net profit (amount withdrawn - amount deposited) or is it on the total amount withdrawn from the app ?

Hello All,

My mother is running a business as a fashion designer, she designs dresses for her customer, there is no purchase of material or sale of material but just job work charges and tailoring charges. Her all receipts and payments are in cash. we make payment to tailors in cash and deposit balance amount in bank. our annual turnover is Rs. 8 Lakhs and expenses are 6 lakhs. does she need to get tax audit?

Her other sources of income are interest on FD, Share market dividends which are amounting to

Hello,
Can someone please let me know what shall be the Business Code if I need to file ITR 4 under Presumptive Taxation for an AC repair service provider. Business code 21008 other service is not accepted by the portal.
Thank you

WHAT TREATMENT OF DEPRECIATION SHOULD BE MADE IN CASE OF LOSS OF TRUCK DURING YEAR-2022-23 IF THE TRUCK WAS PURCHASED IN YEAR-2018-19 ?

whether GST Input can be claimed for Cement, Iron etc for Factory construction, if not eligible please reply under which section it is eligible.