G
Gautam Singh
Got a mail: The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.
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Yes. These types of error happens at time of filingof ITR. You should always check 26AS and section under which TDS is deducted so as to put corresponding income in that head.
If you have TDS from various sources then always preferable to get assistance from tax expert to file ITR
I need to check your Form 26AS and ITR to comment on the same.
You can book consultation with an expert here to get an advice over phone: https://www.taxontips.com/tax-notice-personal-consultation/
A
Amit Chawla
In ITR4, should I declare all my saving account's balance even when I already configured them in portal?
In ITR4, Can I declare income at 20% even when my income is actually 75% (suppose) ? Please advise
Can department raise dispute even after processing ITR successfully.
Your question is not very clear as to what is your income, nature of your income etc.
I would request you to book consultation and discuss the same over phone call.
https://www.taxontips.com/tax-notice-personal-consultation/
R
Ranganatha
Hi Sir/Madam,
My wife got gift deed site(1200 sq ft) from father in law and We have constrcuted house by taking home loan of 43 lakhs from canara bank.
Myself and My wife are co-applicant and EMI fully paid from my salary since she is not earning member(House wife).
Please let me know in any manner i can use income tax benefits of home loan in this case(Sec 24 and 80C).
Thanks,
Ranganatha
You only can take benefit of 80C of principal repayment made of housing loan. Interest on Loan deduction is exclusive available to owner of property. If you are co-owner of property then you can get deduction to extent of share
CA Naman Maloo 20 Jun 2021Legally if you are also the owner of the property then in that case you can claim deduction of such interest and principal.
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Abhinav Pawar
44AD
What is your question?
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
For a detailed resolution of your query you can contact us directly at badlaniassociates at gmail.
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Ujjwal Garg
Hi.
I am a ujjwal, a freelancer , i have received money from different person ( a total of 14 lakhs) for building websites for them.
15-20 People transferred money to my account like someone 10 thousand, 1 lakh ,2 lakh , 50k etc.
So now which itr should I fill and approximately how much tax i have to give without any deductions.
You can use ITR 4 and show the income under presumptive taxation scheme.
You can read more about the same here: https://www.taxontips.com/itr-4-now-available-for-ay-2020-21-who-is-eligible-to-file-such-return/
You can file your return under ITR-4 form. It would be advisable to hire a practicing CA for proper preparation and filing of your income tax return. You can contact us directly at badlaniassociates at gmail.
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