Dear Sir

Please suggest what to do in case. I have fixed deposit but no TDS when i update detail in ITR-1 detail of tax deducted at source other then salary. All Column filed except (TDS deducted amount )for Tan of Deductor, Name of the Deductor, Gross amount, year of tax deduction, tax deducted, TDS credit out of Claimed year. When I fill Tax deducted 0 its show error So please suggest

Assessee (Pvt Ltd comapny) was in a trading business incurring losses from a long time. Assessee diversified the business into construction in 2020 but was not able to materialise the same due to Covid. It entered into a franchise agreement with B (Pvt ltd company). B is already into cosntruction business. It paid advance fees to B for purchase of stock for construction business. However was not able to pay full fees and B forefieted the amount. Assessee treated this as Business loss as per 37(1) and B treated it as business income.
IT department has sent the notice to Assessee that the same shall be treated as Capital loss not be adjusted with other business income because asseessee was not into this new business and cannot be treated as loss arising due to same. B on the other hand is treating the same as business income
What is your view.

Sir/Mam,

Retiring Person Receiving Pension , in this pension standard deduction applicable or not

80TTA Senior Citizen How much Deduction .

Plz clarify my doubts

Thanking you,

I have redeemed mutual fund on 30.march.2021
But the amount got credited in the bank on 2.April.2021(change of financial year).
For FY 20-21 I haven't declared this mutual fund income and filed ITR 1 though it was showing I AIS portal, return got processed also, but now for fy 21-22 do I have to file itr 2 for the same and declare that income or my previous return was wrong?

Dear Sir,

I am filling ITR-1 I have deposited Rs.37000 in PPF account When i show under 80C column it show warning in Red. deduction u/s 80C is more then deduction detail by the employer.please re verified
(2) Same warning again when i show saving interest deduction 80TTA Rs.10000. my saving interest is rs.12231
(3) I have fd in bank but bank not deduct Any tds because interest is under limit.But 26 As and AIS form Show full detail Detail of Tax deducted at source. for example Section 194 A transaction date, amount paid credit etc so can we need to show ITR-1 Under Scheduled TDS.2 Detail of Tax deducted at source from other then salary.
Means Tan of the deductor, name gross receipts, year, etc please suggest

Can I get "Passed with distinction" in CA final Marks sheet if I got 70% marks in different attempts of groups?

what is due date for the pvt ltd companies whose tax audit is not applicable ?

Sir
FnO Turnover is 3 cr , FnO loss 3,00,000/= + Professional income is 14,00,000/- net profit is around 5% only 2 lakh received in cash I want to know if Tax audit is applicable due to this point. Last year Tax audit is not applicable Is Audit applicable now for FY 21-22 (AY 22-23)? Please Guide.

Dear Experts,
I have to refile my return for AY22-23, as the ITR was filed with some Taxes due (approximately, 30 K). These Taxes were later paid as self assessment Tax, just within a few days after filing my return, however they still not updated in the ITR site, as of now. I am contemplation to file revised return asap, to avoid getting a notice of faulty or defective return from IT dept. I shall file revised ITR and update the TDS paid.

Please assist on the following information:

1) How can I file revised return without the inconvenience of entering each and every information again in the ITR-3. Can I upload the previously filed information in the revised ITR. I intend to file the revised return off-line, in the same way I had filed the original ITR.

2) What I find confusing is there seems to be multiple options in the Income Tax portal (~like-upload prefilled data, upload json file, etc.), now what is the difference ?

3) Request if you could provide "step by step" information (main steps), to file revised ITR and to upload the same information, as last time.

Thanks and Regards.

i had resign the a private company in (ie 20th june 2020) financial year 2020-21 and get the gratuity and leave encashment and taken the exemption of both in ITR filled for the concerned year as per IT law.

But in the next year (i.e november 2021) in again join the same company and getting salary, so i want to know is there may any problem in income tax while filling the ITR of fy 2021-22 regarding the exemption taken of leave encashment in last year.