Ajay Jain

I have submitted the HRA details from Apr22 to Mar23. However, my employer calculated HRA from Dec22 to Mar23. When i brought this issue to their notice, that they will rectify this in March 2023 payroll cycle. However, they didn't correct this mistake. I asked them to revise the Form 16, but they are refusing to do so. Can the employer not revise the TDS return and issue me revised Form 16 since this is not my fault? Please answer ASAP


Rocks Parss

On complete or total partition of HUF of karta who had one son and one daughter whether the property after partition will belong to HUF of the son or to the son as Individual for Income tax purposes?
Will the answer change if the total partition is done few years after the death of the said (Father) Karta if during the intervening years the son was acting as the Karta?


madhuri bariya

A person went abroad for study purpose on 1st September 2022. He was Indian Citizen and has been in India since birth. This is the first time he went abroad on 1st September for study purpose. To meet the living expenses he was doing part time work in a Coffee shop. His income in India since he started filing his IT returns was below 5 lacs and he has been filing his IT returns.
So for the FY 2022-23,
1. what would be his residential status for FY 2022-23 and also for FY 2023-24?
2. is it required to show his part time income earned in dollars for the FY 2022-23 IT return?
3. Since he was in India for 5 months(April till August) in FY 2022-23, he didn't have much income(Lets say he was having approx. 1.5 lacs only). So, is he required to file his returns?

Request to give advice/clarification on this.


bobby
23 July 2023 at 19:36

Schedule FSI and freelancer income

I am an individual, resident of India. I have main income from interest of fixed deposits. I also have a small amount of income as a freelancer staying and earning from home in India, of around Rs. 10000 every year. Should the income from freelancing be reported under Schedule FSI? I am not claiming relief for taxes paid in India.


Mahabir Prasad Agarwal
23 July 2023 at 17:13

GST Turnover U/S.44AD

What should be the Gross Turnover to be declared U/S.44AD, Only Taxable Value or With Output ?


ZeeMo

Hello everyone,
I have some RSUs in the US on which I have received some dividends both in 2022 and 2023. I read that foreign asset disclosure is to be done for the calendar year (Jan - Dec, 2022) for the US stocks and therefore, I am confused if I should add the dividend received between 1 Jan, 2023 and 31 March, 2023 to my total dividend income? Since this period is outside the US accounting period.
I am given 1024-s form which only mentions the dividend amount received in 2022 and the tax deducted from it. I have to claim a foreign tax credit too through Form 67. Please suggest what should be done here. Thanks.


Sanjeev

Hello,
In my EPF passbook statement I can see taxable interest (above 2.5L) for each month separately, for FY 2022-23. But the interest for FY 2022-23 has not yet been credited.
So, my query is:
1. While filing ITR for FY 2022-23, I should not consider the EPF interest in my taxable income as it has not yet been credited in my passbook. Instead, I should be considering it in the next FY, when it gets credited. Is this correct ?
2. Or am I expected to calculate the interest and pay tax on it on my own in this FY itself ? If so, how should I factor in TDS as part of the calculations ?
Thanks


Nitish Jha
26 July 2023 at 15:51

ITR From Selection

Hello, I'm delivering cash withdraw and deposit service to the customers, and getting commission and brokerage from banks. Cash withdraw above 30 lakh and deposited above 50 lakh. I'm doing this with multiple bank's. Because of this in AIS showing high value transaction. In AIS credit card payments also very high like above 90 lakh. What to do now?


Manish Goyal
23 July 2023 at 14:59

TCS on Purchase of Property

My question is if seller is more than one then how i tcs collected and deposited


ARUN GUPTA

I have received credit note from supplier for rate difference. Now how will i reverse input tax credit in form gstr 3BQ.in gstr3b there is table 4.under table 4 is B Itc reversed. Then there is (1) and (2) others. In which head I need to show. Please clarify?