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Question & Answer


I

Its Me

29 Dec 2021

If i am buying a product for ₹ 1000 (including of 18% gst) can i sell it for ₹500 (including of 18% gst)

Replies (1)                          

CA Ganesh Kakani       31 Dec 2021

Please contact caganeshkakani@gmail.com +91-9420683637

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N

N Maliyadri

28 Dec 2021

I have a fixed deposit which earns an interest of 114000 for year and the bank had already deducted 10% TDS .now shall i need to show this interest in other source of income or not while filing the income tax return? sir further it is seen that if i add this amount then the total texable income is pushed to 30% tax slab rate and causing me to pay an additional tax of 40000 apart from TDS pls help me sir

Replies (1)                          

CA Ganesh Kakani       31 Dec 2021

Please contact caganeshkakani@gmail.com +91-9420683637

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M

Mrs Renu

28 Dec 2021

Money invested in shares can be adjusted in capital gain from property i.e can we get exemption if money spent on shares of various companies..Pl advise.

Replies (1)                          

CA Puja Sharma       29 Dec 2021

No, you cannot make such adjustment

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S

Satyam Mengi

27 Dec 2021

If someone made a mistake in itr of fy 20-21 till which date he can rectify it

Replies (2)                          

CA Puja Sharma       28 Dec 2021

You can file revised return for FY 2020-21 upto 31st March 2022

CA Ganesh Kakani       31 Dec 2021

Please contact caganeshkakani@gmail.com +91-9420683637

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S

Sanjay Khadda

27 Dec 2021

I have LTA component of my salary 0 but I have LTC exemption claim of about 20000 in my form-16. Cleartax website is not allowing the LTC exemption to be more than LTA component of salary. I do have special allowances of about 5 lakhs. Do I have to remove my LTC exemption claim? Or can I put some of the special allowance money in LTA component and go ahead?

Replies (1)                          

CA Puja Sharma       28 Dec 2021

You can report Rs. 20,000 as LTA received during the year by reducing it from special allowance. This will allow you to claim the exemption. For professionally assisted filing of ITR you can connect with us at ca.pujasharma@outlook.com or https://pujasharma.associates/

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