I have invested Rs.220000/- in Mutual fund Via monthly SiP and some Lumsup amount and invested RS.100000/- in Stock also approximately 6 Transaction in 6 months. Its high value Transaction Can i face any notice issue from IT Department. My earning source from Salary I am regular filling ITR but invest in Stock market First Time. so Please suggest Accordingly.
Is executing amendment deed of partnership necessary to introduce fresh capital into partnership by existing partners without changing profit sharing rartio if the original deed of partnership says " Partners if so desire may take further investment of money in Firm either as loan or as Capital".
Do we need to take the policies towards employees only who have completed 5 years of service or for all the employees working in our organization?
Who i the controlling authority with whom we need to get registered?
What should the Sum insured be for taking the Gratuity insurance ?
My client providing cab services to another cab service provider and pvt limited companies.They are charging 12% for another cab service provider and for pvt limited companies charging 0% as pvt limited companies pay itself under reverse charge .Our client covered under forward charge.So now we received notice u/s 150 for reversal of input credit due to mixture of 0% under reverse charge and 12% under forward charges..So department is treating our 0% services under exempted services but in reality its not under exempted services.and asked us to reverse itc for common services but we are not providing common services.So question is when pvt limited companies paying tax under reverse charge then how can we pay tax again under forward charge again for same transaction. it will lead to cascading effect of taxes.Kindly guide me what to do in this case need to go for reversal or simply pay tax under forward charge or ask pvt limited companies to pay tax @ 12% or 0%.
F/Y 2022-23. Interest income was shown in ITR 2 under 2 heads - Interest from bank deposits and under Interest -others which included interest from deposit with a Pvt Ltd company. Tax was deducted on all u/s 194A. The compliance portal has shown a mismatch as it has considered only the portion of interest shown in ITR under interest from bank deposits. Can an updated ITR be filed now showing total interest under one head of Interest on deposits from banks etc. There will be no change in total or taxable income or in tax liability/ refund.
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