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Sachin
13 September 2022 at 11:02

Deduction u/s80(P0(2)(d)

Where exactly in the judgement in the Hon’ble High Court in the case of Pr. Commissioner of Income Tax and Anr. Vs. Totagars Cooperative Sale Society (2017) 392 ITR 74 (Karn) is it stated that Interest earned by a cooperative society from investments with Cooperative Banks is eligible for deduction u/s 80(P)(2)(d)


T.Rathinavel

At the time of uploading the DSC affixed document at the MCA V3 portal, the following error message is displayed - "Error Type Error Message" Greivance raised at MCA portal on 7th September is yet to be addressed. Last date for filing of the form CHG-4 is fast approaching. Any suggestions to overcome the issue?


Aasta
13 September 2022 at 09:11

Merger reserves

The company is in the middle of processing strike off. I'm preparing a set of unaudited financial statements, there is a Merger Reserve non-distributable of $1m stated in the prior audited financial statements. Could I keep it on the Balance Sheet or should it be written off to the retained earnings?
presentation eg.:
Share capital - $1.5m
Merger Reserve - $1m
Retained earning - $90k


Bernard
12 September 2022 at 17:26

DIR 3 - KYC

Dear Sir,

Please explain steps to update the DIR - 3 KYC.

which User i need to register, Business User or Registered User??


swetha

Mr A is working in india with a singapore based company. And he is receiving salary without TDS on income. Should Mr A pay advance tax on taxability on income under the head salary in india. how to calculate tax on his income


kollipara sundaraiah

Sir,
It assessess sales of residential apartments flat value rs:16 lacs dt:20-09-21( f.y.21-22)after new house construction strated dt:01-10-21 to 31-03-22 value rs:15 lacs.assessee sales of residential apartments flat purchase value rs:12 lacs in f.y.12-13 year.
Question:
Assessess capital gains tax applicable in f.y.21-22


Aasif

Please suggest me Supreme Court decision in favour of Assesee in recognising expected losses as revenue expenditure as per AS-7

Also please mention about mining royalty collection contract. if contract not feasible than can we recognise it as per AS-7


Bapun Dasgupta

The assessee is a Provident Fund Trust and filed it's ITR in Form ITR 7 in AY 2021-22. Till last year, ITR-7 had a clause "Return furnished under Others category". Since the assessee need not furnish return u/s. 139(4A), (4B), (4C) or (4D), it had filed under "Others" category. This allowed selection of Section 10(25)(ii) for claiming exemption in respect of income of recognised provident fund trusts in AY 2021-22.
However, the said clause is not there in the schema for ITR-7 for the AY 2022-23.

How will the assessee proceed to file it's ITR for the AY 2022-23 ?

Kindly advise.

Best regards.


Shahan
12 September 2022 at 15:47

9/5 e COMMERCE

zomato ne ye bola nahi hai client se k aap regular mein ho ya composition mein But wo Apna Food Zomato ke through sale kar raha hai


swetha
12 September 2022 at 13:31

IT Returns fy 2021-22- DEFECTIVE

I have filed my return for fy 2021-22 original with some mistake ( salaried ) and immediatly i have revised the return for the said finanacial year and it has been processed. now i have received the intimation as defective for original return but revised return is processed.
what would be the status of original return whether revised return will stand or should i have to correct the original return once again
After processing revised return i everifed original return and later i have received this intimation