Sir,
A Gst registered dealer annual turnover rs:150 lacs yearly all purchase and sale transaction through on bank mode for f.y 22-23 and bank account statement from 01-04-22 to 31-03-23 huge transactions number of pages 80.
1.cash deposit in bank account huge number of transactions
2.upi sales transactions in bank account huge number of transactions
3.receipts from different debtors huge number of transactions.
Question:
Assessess how the preparation procedure of bank account statement huge number of transactions bifurcation procedure for it returns purpose.

TDS paid using FORM26QB as advised by my builder. Now I need to give them FORM 16B, but below error message.

No data available for the specified Assessment year, Acknowledgement number and PAN of Seller. Please resubmit the request again


Chalan Date of Deposit : 06-Jul-2023

Today 24-Jul-2023

Same message for last 3 days.

Meanwhile, I got email with message as below:

Your CRN 230706006XXXXX dated 06/07/2023 is expired and no payment can be inititaed against expired CRN.
For completing the tax payment, generate a new CRN through e-Pay tax on www.incometax.gov.in.

Any experts CAs pls help.

We paid 3 sub contract payments(194C) after deduction of 1% Tds.
First two payments are advances.(advanced dates)

We got invoice form seller.

3rd payment done after Tds deduction in invoice date.

We dint pay deducted tds intime to gov.

Sir ,
Which dates we need to consider For calculating late tds payment interest for all 3payments.

Date of advances dates OR date of invoice date?
As I know "Date of advance " dates we need to consider for two payments.

Can we consider "Date of invoice date" for 3rd payment interest calculation.

Respected Experts, My daughter left to foreign country after marriage. While she was in India, she was working and filed Income Tax return regularly, although she is not subjected for any tax. Now she is in foreign country as house wife for the past two years. She has some Fixed Deposit account which earns interest less than 2 lakhs per year. She has not filed her income tax return for the past two years due to her absence in India. Whether any tax is liable for her Fixed Deposit interest? If so, what is the rate of tax? If not, whether she can file her income tax return after her return to India? Whether she is liable for any penalty for the belated filing of tax return? She retains her Indian citizenship and she is holding only Indian passport. I shall be much grateful for your esteemed advice. Thanks in anticipation.

Me and my brother have joint ownership in a rubber estate. Can we split the income received from this estate and show seperately in our income tax returns?

I am an NRI having dividend income. I was going through my Form 26AS and AIS and found that there is one dividend income reflected in AIS, but not in Form 26 AS.

I also received email from a company that they have declared interim dividend for FY 2022-23, but the amount is yet to be credited as on 17th July 2023.

As an NRI, the requisite amount is deducted before crediting to my account.

Now, for the purpose of filing my return, what form should I consider? Form 26AS or AIS or the emails received, as all are pertaining to FY 2022-23. I have no taxable income apart from dividend income.

My ITR is ready for filing, except for the above and would like to file it before due date.

Requesting your valuable advice informing me which form should I consider for filing my ITR.

ITR2 FA schedule A3 we need to disclose foreign equity here my doubt is what do we mean peak value of investment and closing balance.
will be happy if one can illustrate with examples.

What is the Depreciation Rates for Trucks?

Especially I want to Know the 32 feet Multi Axle Truck Depreciation Rates for 5 Years as per the Indian Government Norms.

Drop your Comments in Personal Blog:

https://www.fr8.in/ (or) https://www.fr8.in/blog/truck-depreciation-rates

Understand post office savings interest is exempt income upto rs 7000 in joint account. Can it be claimed above 50000 limit under 80TTB.
If yes how to show in itr2.
Thanks.

my pf got rejected due to following reason ans someone help me please

1) SUBMIT BANK DETAIL OF AGENCY FOR SETTLEMENT OF AMOUNT TO AGENCY 2) PHOTOCOPY OF BANK PASSBOOK NOT ATTESTED BY THE AUTHORIZED SIGNATORY