1.Whether rent received can be adjusted with rent paid.
2. Whether it is mandatory to deduct TDS if company pays commission more than 15000/- to travel agent in a year for Air ticket and Lodging.

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.

Assessee is having Salary income and also has engaged in Intra day trading in shares (Speculative transaction). The details are as follows:-
1. Salary Income - Rs.6,50,000
2. Speculative transaction details:-
Sale value - Rs.3,98,995, Purchase value - Rs.3,99,374. Speculative Loss - Rs.379.
Turnover - Aggregate of the Positive and Negative difference - 2462.
Turnover has not exceeded 1 crore. Turnover less than 1 crore and profit less than 6%.
1. Whether this transaction will be liable to Tax Audit on account of profit less than 6%?
2. Suppose the assessee is willing to declare 6% profit, then on which amount this 6% is to be calculated? Whether on Rs.3,98,995 or Rs.2462 (i.e aggregate of the Positive and Negative difference)

Sir,

Son took a-year internship in a company in 2018-19 and they deducted TDS@10% and issued Form-16A Nature of payment showing 194J. Which ITR form should be used and under which head the income should be shown, whether Fee under 234F is applicable if it shown in other income?