Income Tax

I have filed ITR for FY 2018-19 (AY 2019-20) on october 2019 and ITR has processed and I have got the refund of TDS. But bymistakely I paid the selfassesment tax through online payment for AY 2019-20 instead of AY ...

An individual tax payer (In bracket of 42.74%) has to compensate another unrelated individual in tax bracket of 42.74%. Compensation Amount Rs 5 cr. The recipient claims that he has to pay income tax on this. Can this be saved? ...

Sir, I am a student with income of Rs 5000/month through tution and my father bought mutual funds SIP in my name in 2013 @Rs 1000/month and I redeemed Rs.10000 in previous year. How and in which ITR form I ...

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My client is a Commission Based Recovery Agent of a Finance Company (Hero Fincorp). His Staff go to various lenders of Finance Company ( Hero Fincorp) and receive Cash on behalf of Finance Company (Hero Fincorp) and deposit that received amount ...

I have purchased a house cost 80 lakh in the name of my wife in FY 20-21. Finance arranged from bank (joint loan me and my wife) – 43 lakh, personal loan from family/friend -23.25 lakh, from Thrift and Credit ...

i am a govt employee, my salary is 100000 pm .rs 14000 NPS is contributed by state govt and rs 10000 is deducted from my salary.As only 10% amount is exempted from income tax under 80CCD(2) Rs 4000 pm is ...

My father is a retired person and taking commuted pension at the time of retirement and now every month rs 4050 deducted from pension.My quesion is can take exemption of commuted pension installment under sec 10 to fill income tax.kindly ...

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Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be ...