Please clarify in ITR 2 of FY 2022-23 amount of Income on deposits has been wrongly taken being amount of interest on savings bank
and the correct figure of interest on FD has been shown as a separate entry against others in ITR
Now on comparison with AIS in Compliance matching Interest on Deposit as per return is not matching with interest on deposit as per AIS
Notice to explain Interest mismatch has been received by me
How to address this issue
Thanks a lot in advance
There is one HUF wherein Karta expired
Leaving behind wife son and daughter co-parceners
Now son to be made new karta as per mutual understanding
But how to update the same in Income Tax record
please let me know
Thanks in Advance
Suppose Mr. X is a digital signatory in a Company for issuing Form 16 and submission of TDS return 24Q. Now, if any misstatement or concealment of fact happens in the TDS return 24Q, how far the digital signatory will be held responsible for that ? Will he/she be subject to penal proceeding or prosecution ?
Can a Director lease out the house to The Company and live in the same house?? Rent/lease amount is as per market value only. The Company is closely held company and Director is the shareholder of the Company as well.
Can this arrangement be done? If there is any impact in Company's act also Kindly let me know?
I sold open plot of land in 1.40 crore. Indexed Cost of purchase is 0.24 crore. LTCG is Rs. 1.16 Crore. I want to save capital gain tax by following exemptions.
I have purchased Tax Saving Bonds (54EC) of Rs. 50 Lakhs and want to purchase new residential house value of Rs. 70 Lakhs (Sec 54F) . Thus total investment comes to Rs. 1.20 crore.
1. Can I claim both deduction u/s 54 F & 54 EC ????
2. If investment in bonds partly and investment in new residential house party is possible??
A Pvt Ltd Company gives a loan B Ltd Company. C Ltd Company holds 100% shares in B Ltd.
In A Pvt Ltd, an individual shareholder possesses a 40% stake and concurrently holds a 17% share in C Limited. Simultaneously, the spouse of this individual shareholder, who owns 10% of A Pvt Company, also holds a 15% interest in C Limited.
Whether this scenario falls within the purview of Section 2(22)(e).
I want to know the applicability of TDS under section 194C / 194R. My company have availed package tour of Rs. 20,00,000 from a tour operator. Invoice was raised in the name of the company by the tour operator. As it was a package tour liable for TDS under section 194C and the same was deducted by the company. But this package tour we are proving to the architects each case it was exceeding Rs. 20,000. Here, I want to know whether TDS under section 194R was again applicable in this situation?
Excel Interactive Dashboards and Data Analysis Certification Course