I haven't filed return for AY 2020-21 but later filed the return as response to Notice under Section 148. No tax because of Rebate but paid ₹1000 aa fine. Now the assessment proceedings closed , I got a penalty notice under Section 274 read with 270A. No underreporting of income from my side. I have filed with the exact amount of income in income tax notice . But for the AY 2020-21, I filed return for the first time as response to Notice under Section 148. Whether I am liable to pay the penalty under Section 270A or can I drop it as per Section 270AA. Whether Form 68 applicable?

In which form to be submitted application under 264

IF WE FILE FORM 3, THEN IT IS DEEMED THAT APPEAL IS WITHDRAW?

Sir.
Let's me know if there is any limit of turnover to file income tax return for parnter ship firm.

Hello everyone,

A ltd is 100% subsidiary of a german company incorporated in the year 2022-23 (captive unit) to provide IT services to its parent/group companies from India.

they are billing @ cost+13%. However consultant has opined that industry margin is 18-20%.

My question
1. Is it advisable to file application before AAR ?
2. I am worried that if order is unfavourable then AO may make primary adjustments for 22-23 and 23-24 as well even though we have TP report from reputed auditor ?

IF ASSESSMENT ORDER ISSUED UNDER SECTION 147, AND THERE IS MORE TAX AMOUNT THEN ACTUAL TAX SO CAN WE GO FOR 154 RECTIFICATION AGAINST SUCH ORDER? IF YES, THEN WHAT IS PROCESS?

Is Such Scheme is Applicable on Search Seizure u/s 132 & 132A on other party & for the same inquire conduct to the assesses.
such scheme applicable on case of unexplained investment, unexplained expenditure or cash credit on which tax imposed u/s 115bbe?

How to Withdrawn Appeal in Income tax.

What would be the remedy when the Chief Commissioner of Income Tax rejected the request of condonation of delay of submission of return of income as per per circular no.13/2023, dt:26/07/2023 of CBDT

One of my client is duly registered under the Rajasthan Societies Act and the same is running a Goushala since 2021. While applying for the Registration u/s 12A and 80G the CIT has raised an objection that my client should have been registered under the Rajasthan Public Trust Act instead of the Society Act. Is it correct? Any case laws also please...