A
Asis
I have already filled ITR1 But I have missed something Which has to be shown inITR3 Can I file it again
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Yes you can.
To book revise return click here: https://www.taxontips.com/income-tax-return/
You can file revise return
T&C applyA
Arman
What is the significance of form16, does the employer submits form16 to IT dept as well. Also does the IT dept matches the details of form16 from employer with details as filled while filing ITR ?
Yes the IT dept matches the salary reported by employer in Form 16. The salary reported in Form 16 will be reflecting in Form 26AS of the employer. The employee can show higher salary then that reported in Form 16 but he cannot claim. If he claim lower then he will receive an intimation from dept. for clarification. For more information you can connect with us at ca.pujasharma@outlook.com or book an appointment at https://pujasharma.associates/contact-us
T&C applyD
Dharmesh
I lost 5lakhs to FD in financial institution thats not doing well. FD created in 2018 was to mature in Sept 2019. They deposited 50000 in FY 19 20 and another 110000 in 20-21 so far. Can i declare this as loss in ITR for offsetting capital gains in future ITRs.
M
Mayank Gupta
Is input tax credit applicable in trading goods. If i buy yarn and sell it to other businesses am i applicable to get itc on this?
Yes
CA Puja Sharma 11 Jan 2021Yes, but for that ITC benefit you have to get yourself registered under GST. For more information you can connect with us at https://pujasharma.associates/contact-us
T&C applyS
Subhrajyoti Pal
Me and my wife are co-borrowers and co-applicants for property purchase of total consideration 85 Lakhs. Is TDS applicable if we both pay our own shares of 50-50 ? TDS then comes to less than 50 lakhs
There's controversy in that cases as many people say that 50% is of each person share whereas some say 50 lakh is the limit of per property.
I would go with second opinion
