Dear Sir,
Me and my husband both are PSU employee.My husband and his parents i.e. my parents in Laws are my dependent for availing medical/lta facility from my employer.please clarify
1.The expenses incurred or reimbursed by my employer for the treatment of cancer,heart ailment ,hospitalisation of my Parents In Laws shall be tax exempted under provisions of Income tax section 17(2).
My husband has been not claiming any benefit for himself or his parents.
I had never declared my parents as my dependent.
regards,
Kanwaljeet Kaur

good morning all.,
My best wishes to all tax professional's for the new financial year.
i have one doubt in annual return.
while filing GSTR-9 for FY 18-19, we shown the refund details (refund claimed,refund sanctioned and refund pending) which relevant to FY 19-20. just now we looked the mistake while we filed GSTR-9 for FY 19-20. so now what would be impact due to this mistake?.
anyone clarify me sir

DEAR SIR,

I OPTED FOR QUARTERLY RETURN FILING FOR THE PERIOD OF JAN TO MAR 21. NOW WHILE FILING THE QUARTERLY RETURN SHOULD FILE MARCH 21 3B SINGLE RETURN ONLY OR FILE MONTHLY JAN AND FEB AND MAR BECAUSE IN THE GST PORTAL SHOWING FOR JAN 3B DUE DATE 22/02/21 AND FOR FEB MAR 21 AND FOR MARCH 21 TO APR 2021. HOW TO FILE THE RETURN. ONLY ONE RETURN MEANS MARCH 21 3B COMPRISING ALL THREE MONTHS SALES AND PURCHASE TO ENTER IN LAST RETURN. OR MONTHLY ENTER DETAILS.

PLEASE GUIDE ME

REGARDS

Hi,

I have a query regarding TDS. I have made payment to contractor without deducting TDS. However I have made the TDS filing for the same. Now how I should adjust the TDS amount which is yet to recover from the contractor.
Journal entries for the same.

A private limited company was set up for manufacturing business with authorized and paid up capital of INR 25 Lakhs.
The manufacturing business has been closed down.
Bank interest has come to all time low.
Can now the share capital be used for investing in shares/bonds, i.e, buying delivery (not intraday trading) in demat account and selling as and when their prices go up, which can happen in days, weeks and or months.

Title: Gift tax and tax on income generated from that Gift*
Gift received from the relatives is tax exempt regardless of the amount. The first income generated from the gift in case of spouse is clubbed with the gift sender for tax purposes. The second income generated from income of the gift is not clubbed and taxed at the receiver spouse end.
Q1. Is this all true?
Q2. What if I send a big gift (Say rs. 20L. Income tax already paid on it by me) to parents? Is the income generated from the gift money (Say fd interest on that 20L) clubbed with my income or taxed at parents' end? What if parents are not senior citizens, does that change things?
Q3. What if I send the same gift to siblings? Same questions.
Basically, there is no tax on the gift money at receiver end for relatives, but in which cases the income from gift is clubbed with the sender income and in which cases taxed at the receiver end?

Right now at 10 p.m. on 31-03-2021 I received an intimation u/s 200A from the department showing short deduction in 27Q-Q1 return. Immediately I tried to download Justification report and fill all the details accurately but again and again showing error in token no. What may be the reason for this when I am entering accurate token no?

I have added the Bank details in the pre validation but the request is in “BANK ACCOUNT DETAILS VERIFICATION FAILED BECAUSE OF TECHNICAL ISSUE WITH BANK” status for a long time. How to get it validated ?

I am a Central Government employee from Bangalore. My department has empanelled/approved a few private hospitals such as Narayana Hrudayalaya, Fortis Hospital, Apollo Hospital etc. for both inpatient and out patient treatment at CGHS rates. Is medical reimbursement received for taking treatment from these hospitals taxable?

Respected sir,I want to take transfer from current city to hometown.Which is 120 kms away from my current city.what will be the proceedure for it.please help sir