I have filed an individual itr for A. Y-2024-25. Unfortunately I couldn't be able to pay on 31st july due to server issue, I chose pay later option and filed. On 1st august 2024 I pay the total payable amount in epay tax. And now should I go for revised return or wait for the intimation order? Please help me out.

If TDS was not shown u/s 194N at the time of return of F.Y.2023-24
Can such TDS be claimed by filing Form 71 online?

Dear Experts

The deprecation which i calculated below is as per the companies act 2013.

Rate of Dep % 45%
Life 5
Balance Life 5
Fixed asset 5,00,000
Salvage 25,000
Assest value 4,75,000
Dep 2,25,360

In this instance, will full depreciation be claimed within 2 years?

Thank you
Vijith T K

Hello
can clarify the below mentioned Query
whether Clause 27(a) is applicable to all registered business dealer under GST or it is applicable to only 5 products dealer petroleum crude, diesel, petrol, aviation turbine fuel, natural
gas and tobacco for ITC utilization as it is not clearly mentioned for ITC related part under Tax audit guidance note

Hai,
Till now , i am unable to download ITR 3 filed form for AY 2024-25 even after 7 days after the due date.
Anyone facing the same glitch?
I raised grievance also, no one is bothered to reply also from past 5 days from Income tax team.

Error Description
The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

Probable Resolution
If the receipts as per Form 26AS is not offered in the year in which the TDS credit is claimed, then the claim of TDS will be restricted on the basis of proportion of the receipts offered in the return of income to the receipts in Form 26AS, as per Rule 37BA of the IT Rules. The correction of this defect is to be made by filing the corrected return by offering all the receipts as per form 26AS or by claiming the TDS proportionately as above.

Sir/Madam

following notice received by email.
Assessee has salary income, Arrears salary received for the fy-2022-23 & 23-24 and form 16 is received salary including arrears salary of fy-2022-23 and form 10E is not issued by employer-

Please guide me

Error Description
The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

Probable Resolution
If the receipts as per Form 26AS is not offered in the year in which the TDS credit is claimed, then the claim of TDS will be restricted on the basis of proportion of the receipts offered in the return of income to the receipts in Form 26AS, as per Rule 37BA of the IT Rules. The correction of this defect is to be made by filing the corrected return by offering all the receipts as per form 26AS or by claiming the TDS proportionately as above.

Sir/Madam

following notice received by email.
Assessee has salary income, Arrears salary received for the fy-2022-23 & 23-24 and form 16 is received salary including arrears salary of fy-2022-23 and form 10E is not issued by employer-

Please guide me

rror Description
The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

Probable Resolution
If the receipts as per Form 26AS is not offered in the year in which the TDS credit is claimed, then the claim of TDS will be restricted on the basis of proportion of the receipts offered in the return of income to the receipts in Form 26AS, as per Rule 37BA of the IT Rules. The correction of this defect is to be made by filing the corrected return by offering all the receipts as per form 26AS or by claiming the TDS proportionately as above.

Suppose I have paid a challan and deposited it to someone in a TDS return, but later I canceled the transaction with that person. Can I remove that challan to use it in a future period?

Dear All

Please confirm what is the rate of TDS while a company gives sales incentive to a salaried employee. Whether we have to treat it as part of salary and deduct TDS accordingly or can we deduct the portion of Incentive under TDS for Commission?