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Question & Answer


A

Ashish Kumar Agrawal

11 Jan 2021

Looking for guidance on HUF

Replies (1)                          

CA Naman Maloo       17 Jan 2021

You can book a consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

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N

Neelesh

10 Jan 2021

Capital gains earned after selling house which was in the name of both parents,
Now want to buy new property question is can I buy new property in the name of just one of my parents name ? Or do I have to buy it in both name again.

Replies (1)                          

CA Naman Maloo       10 Jan 2021

It depends in whose share how much capital gain comes and how is property registered.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/

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A

Asis

10 Jan 2021

I have already filled ITR1 But I have missed something Which has to be shown inITR3 Can I file it again

Replies (2)                          

CA Naman Maloo       10 Jan 2021

Yes you can.
To book revise return click here: https://www.taxontips.com/income-tax-return/

CA Puja Sharma       11 Jan 2021

You can file revise return

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A

Arman

9 Jan 2021

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 ?

Replies (1)                          

CA Puja Sharma       11 Jan 2021

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

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D

Dharmesh

8 Jan 2021

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.

Replies (1)                          

CA Puja Sharma       11 Jan 2021

No cannot claim it as loss under capital gain

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