Kavya
29 July 2022 at 00:03

Carry forward of losses of deceased

My father passed away last year due to covid. Apart from salary income, he also invested in the stock market. He had some long term capital losses. Can this long term capital loss be carried forward by the legal heirs so that they can carry forward this loss in their own name?


Sneha Sunny George
28 July 2022 at 23:49

206CP which head in ITR

My sister took an educational loan. So in her 26AS I can see tcs on the same under 206CP and CQ. Under what head of income should I show the same in ITR?


ghosh
28 July 2022 at 22:43

Interest on NRE account.

Mr A was nri in f.y 2020-21. He became resident for year 2021-22. Now the question is- does the interest credited in year 2021-22 in his nre account is taxable?


Suresh S. Tejwani
28 July 2022 at 22:38

REGARIDNG MUTUAL FUND

in Annual Information Statement of mr. x total Sale of securities and units of mutual fund is rs. 100 which includes fund switch-out not actually redeemed and actual redemption is rs. 80

1. how to treat this in income tax return ?
2. what if mr. x received dividend on shares which held before 31/01/2018 should we need to calculate godfather provision ?


Raj Chitroda

Dear Sir,

Kindly advice me for the following case :

A person having Exclusively engaged in the supply of grain etc and also Employed in the Company so my question is whether he is liable to register under GST and what will be limit for him.

Sale of Goods (trading) : 31.50 lack
Salary Income : 2.80 lack

Total Turnover : 34.30 lack Yearly FY 21-22

GST limiti will be 20 lack or 40 lack limiti plz clarify thanks






Srinivasa Dingari
28 July 2022 at 21:58

Dividend related error in ITR-3

I'm filing my ITR3 and getting the following error during validation. The "Gross Dividend" detail was prefilled. Dividend Income must be equal to 1a(i) of Schedule OS - DTAA of Dividend - System calculated value of Interest expenditure u/s 57(1)] of Schedule OS

How do I resolve this error? Please advise


Reena
28 July 2022 at 19:46

ITR 1 Filing

A person not working in the F.Y 2021-22 A.Y 2022-23, But he withdrawn the PF amout. They have deducted TDS for this withdrawn.

How can show this as income and get refund this tax deducted amount.


N SREEKANTH REDDY

How speculative business income/loss have to shown in ITR? One of my clients has intraday trading and he incurred 95149 loss from it, however his sell value is 10,09,33,732 and 10,10,13,984 is cost of acquisition . so what values should i consider in ITR? and they have given speculation turnover also, i.e., Rs.3,07,865/- I know it will be treated under INCOME FROM PGBP? However I don't know whether under 44ad or not? And what value should I consider and under which section I have to shown this loss?


pranab sarma

The assessee had no revenue for the FY 2021-22, but had some fixed expenses of business. There also TDS against FD and debtors for previous financial years . My question is does he has to file his income tax return with business loss without audit before 31st July 2022 or with audit after 31st July 2022.

Please suggest and thanks...


Sanjay
28 July 2022 at 17:14

ITR File FY 2021-22

Sir,

One of my friend is a BHMS doctor received income of Rs. 3,30,618/- from Medical college as salary or professional fees he did not know because the college did not issue form 16 then he asked what they treat that exp they told as salary. HE also doing part time his clinic earned approximate Rs. 70080/- and during the fY 2021-22 he also received agriculture income of Rs. 50000/-

Kindly suggest which ITR Return he can file and also treatment of Rs. 330618/- as salary or professional fees

Thanks & Regards





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