An Updated return has been filed for AY 2022 - 23 and the same has been Invalidated due to non payment of additional tax.

1. Can we submit a revised updated return again as the original Updated return was invalidated.
2. The assessee has not claimed TDS Deducted for the year, from salaries in the original return and has not submitted revised return. In rectification return, additional TDS claim is not being allowed and hence a demand for the tax payable has been raised. Can we claim such TDS (Not claimed in original return by mistake) in the Revised updated return.

sir, our Party is does not deduct TDS on 17-18 f.y after the covid 21-22 f.y he has revised and that 17-18 balance sheet of our company is revised can we take refund now please help to solve my query

TDS on freight/labour/Loading charges
Recently we have purchased material from the supplier and they have charged freight/labour/Loading @18% GST on the invoice. Whether this will attract TDS under section 194C?

Hi All,
Some companies are providing wallet services like sodexo,zaggle etc in which some components are carved out from employee salary and offering as allowances on monthly basis to save tax for employees.
One such component is Gift.

If gift is given by employer for performance over and above CTC then it can be tax exempt upto 5000.

But if 5000 is carved out from CTC of employee and paid on monthly basis(5000/12) by employer,i dont think it is tax exempt as it is part of CTC of employee and IT department may say that this is tax evasion.

Please clarify

TRUST INCORPORATION DATE IS 20.09.2022. THERE WAS OCTOBER-23 AMENDMEND IN TRUST 12A 80G REGISTRATION THAT TRUST CAN DIRECTLY APPLY FOR FINAL REGISTARTION INSTEAD APPLYING FIRST FOR PROVISIOANL REGI .
IN MY CASE WE HAVE FIRST APPLIED FOR PROVISIONAL (NOT APPLIED DIRECTLY FOR FINAL REGI) EVEN IF CHARITABLE ACTIVITIES HAVE BEEN COMMENCED.
MY QUESTION IS THAT CAN WE APPLY FOR FINAL REGISTRATION BY SELECTING CLAUSE 2- 12A(1)(ac)(iii
).
or SHOULD WE SURRENDER PROVISONAL REGISTARTION AND APPLY FOR FINAL REGI BY SELECTING CLUASE -4A (item (B) of sub-clause (vi) of clause (ac) of sub-section (1) of section 12A of the Act. )

For the first time we find that From 16C generated under TRACES is much lower that the Rent paid/Payable and Tax deposited as per Form 26QC.

Form 16C has picked up the rent paid after TDS for the last month and calculated tax @ 5% on that instead of the full years rent and 5% on that ? May be a part of a system change ? Has anyone else faced this ? What can be done as Form 26QC is correct ? Appreciate your help!

Number for example are monthly rent for residential Rs 1 lakh pm. Annual rent Rs 12 Lakhs. TDS deducted and deposited @5% is Rs 60,000. Last months rent paid is Rs 1 lakh less 60,000 TDS ie Rs 40,000. Form 26QC is correct but Form 16C says rent 40,000 TDS paid Rs 2,000.

Suppose Indian Private Limited company pays the payment for hire of chartered plane to foreign resident. Whether whether withholding tax/ TDS is applicable for such remittance. Kindly advise.

Sir,
It assessess itr returns filed sec 44ada and sec 44ad two provisions every year assessess un secured loans different creditors rs:50 lacs amount received
Question:
Assessess selection of scrutiny provision applicable in it act

as per income tax law 269 st can a partnership firm has right to take cash of 150000 in a day for 3 days as 450000 as a capital contribution from one of the partner

Dear Sir,
Director of the company providing guest house to the company and the guest house is used for the purpose of business. The guest house rent allowed or not in case of the company. If yes, under which section. The rental income in the hands of director taxable under which head. Please explain.
Thanks in Advance.