Bikram
27 December 2021 at 06:58

Conversion into new course

Dear Sir,
I was registered for the CA Final Course under the old course (my registration date was valid up to 19 Feb 2021). And now as the tenure of old course is up and students are mandatorily required by the Institute to be registered under the new course. What are the procedures to be followed to appear for the upcoming exam under the new course? And also what are the fees required to be submitted (my registration under the old course was also out of validity)?
I am presently in Nepal (Kathmandu), am I required to be physically present or can it be done remotely through the site portal?

Please kindly respond to my all queries.


Rakesh Chandra Purohit

Sir I received a sum of 15.5 lacs as final withdrawal from Statuary provident fund (Govt), but employer issued form 16 showing it income from salaries and deducted it from salary as exempted income under sec 10 and did not deduct any tax on it , There is no drawdown menu in schedule For this while Graduity, leave encashment etc have, We have to report exempt income under separate schedule , so even if I file feedback that it is tax free ,AIS do not accepting it , what is remedy ? I got final withdrawal 2 years after retirement ,because of 2 states involved Should I file return with correct classification of fund and wait for notice or some thing else tax will be around 5 lac on exempt income wrongly reported


bhavani P
26 December 2021 at 20:18

Deduction on mutual funds

Dear Sir/madam,
i"m investing in Mutual Funds and stocks every year. My deductions has exceed Rs.1,50,000. without taking these consideration. where i can get deductions on that two investments. Please answer me.


Daya

how to present fixed deposit in Balance sheet for up to 12 Months and more than 12 months .


Ananthu
26 December 2021 at 18:11

Filling ITR 7

our trust was filling ITR 7 for A Y 2021-22, in schedule K name,PAN, address, adhar no. of office bearers were filled, but it asks to fill Adhar enrolment number also, which is not preserved, so could not be entered. On validation page, it asks to fill the data in sch.k without which the return could not be uploaded. why this sort of unnecessary data as the Adhar number is entered and due to which return is heldup.


abhijeet m. deshpande

My assessee is a propietor of a trading business having turnover of Rs.75 lakhs. As the net profit shown is less then 8% his books are audited u/s 44AB(e). He has also entered into derivatives trading with a annual turnover of Rs.15 lakhs and a profit of Rs.4 lakhs (i.e. more then 8%). Will he have to audit the books of his derivatives trading business as well. He has not maintained books of his derivatives trading business. Can he opt for taxation u/s 44AD for his derivatives trading business and sec 44AB(e) for his regular trading business


Devinder Malhotra

I am facing problems in filing Rectification on receipt of notice u/s 143(1) because
latest offline ITR2 utility of AY 20-21 has no option for filing under section 139(5),so u/s 139(1) selected.However, after data rectification of Salary Schedule and filling of other details of ITR2 ; got interest and penalty on calculating tax to generate XML file.
Help required on the issue


Rahul Singh

in proprietorship business what is the profit assumed under of business codes 16019, 14001, 14002, 14009, 14010, 14005, 15003 ?

does it create any problem if business code is changed from previous year? professional to business

what is different in ada or ad in business codes?


Vijay Mishra
26 December 2021 at 12:40

TCS late filling

Dear Sir / Madam,
Greetings !

We have a default of Rs. 3200 under 6CR-TDS as late filling. We did pay the same but under 200 instead of 400 by mistake. Another mistake we did is - we put the amount of Rs. 3200 under Income Tax. Now how can we rectify our default for the same.

Regards / Vijay


Rahul Singh

in proprietorship business can i include medical, medicine and hospital bills if paid through my card? is there limit on that? this is not taxable income right?





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