One of my client run an educational institution and the institution total receipts are less than one crore. Hence the same is not table by virtue of Sec 10(23c)(iiiad) of the Income tax act. However while filing the return i forgot to mention the aforesaid section and wrongly mentioned as 12A Registered society. The CPC while processing the return disallowed entire expenditure and taxed at Maximum marginal rate.Now I am unable to file both rectification as well as revised return because the system didn't allow me to file the return. How to resolve the issue
Hi
My clients' Section 24(b) claim for interest on home loan has been restricted for FY 2016-17 by the department to Rs 2 lakhs , However the restriction has been imposed from FY 2017-18. Despite so many grievences and letters CPC is not responding and concerned ward is also not answering .
Please guide me.
To file an income tax return i require the following clarification
1. I know very well that concept of mutuality applies to apartments owners association and hence the same is exempt from tax. However the association received maintenance charges from both members and non-members. (Ie) tenants. In such case whether it is taxable or exempt from tax.
2.In income tax return where to disclose such exempted income
Husband wants to give a gift to his wife by buying a flat in the name of wife. And his wife wants to let out this flat so that monthly income can be generated. In this case, the clubbing income shall be applied or not ?
Dear
I Have income from Salary Rs. 3.20 Lac, Interest income Rs. 0.50 lac, Aggriculture Income Rs 1.00 lac and income from part time accounting Rs. 1.50 lac. ( gross receipt Rs 2.50 Lac)
My query 1. which ITR form is applicable 2. Can I adopt ITR-4S . 3. Account Books is mandatory for part time accounting (income)
Thanks for earliest reply
Sir,
If the entry of purchase invoices of previous month [within the accounting yearn ] is missed to make accounting entry could it possible to take the entry in the next month If so such entry is eligible for ITC. Example .missing entry of INVOICE dated 25.05.2019 is eligible to make entry on June month purchases ?
with regards
S M pasha
trust case
trust registered u/s.12A and having 80G
u/s.154 order received.
Application of funds not allowed
Only income allowed.
Can i file u/s.264 or grivence
Hello, I was trying to apply for termination in the newly launched self service portal. When I fill my whole form and trying to submit, it was saying that DATA LIMIT EXCEEDED FOR TOTAL SERVING PERIOD YEARS. PLEASE CHECK YOUR DATA AND TRY AGAIN.
What to do?
Error appears while uploading XML file : (ITR 2). At line Number 333 : Invalid content was found starting with element 'ITRForm DeductionUs54F'. One of {http//incometaxindiaefiling.gov.in/master" ExemptionOrDednUs54) is expected.
There is no sale / purchase of housing or any other property. In spite of this I receive this message and unable to upload the return.
Kindly advise at the earliest.
Thanking you.
All Subjects Combo (Regular Batch) Jan & May 26
Exemption u/s 10(23c) (iiiad) for the year 2017-18