A Private Limited Company took startup recognition certificate in April 2023 and DIPP number also received.
Company Incorporated in December 2021
Q1:
Now Company wants to avail tax exemption under 80IAC from FY 2023-24 onwards.
What are the further procedures to be followed by Company to avail said deduction?
Whether separate registration required for availing tax exemption other than startup recognition?
If so, what is the time limit for applying the same to take exemption from FY 2023-24.

Q2:
If Company intent to avail registration after two years (ie, from FY 2025-26 onwards), if I apply now for 80IAC tax exemption whether exemption will applicable from FY 2023-24 or Can I take exemption later for any 3 years consecutive years in the 10 years?

R/Experts

We have received a grant of incentive from Government of Punjab under Fiscal incentive scheme on the basis of Investment in Plant & Machinery of New Unit. Unit in production since 2017. Incentive received for the period 2018-2021 in FY 2023-24.

Query is the incentive should be credited to Plant & Machinery A/c or Credit to Incentive A/c ( as a income)

Thanks

Sir

Please educate to me i have purchase some stocks from Share market through delivery.
I have hold it and sale after 3 Days and some time i have hold it One month. My profit and loss statement from Grow app show many transactions where i have done one Interaday Transaction . So please suggest One interadaay transaction can i show in Capital gain. As information available Interaday transaction is the part of business income. Earlier years i have filed ITR-1 income from Salary and interest from Bank.

OUR FIRM UNDER 44AD
BUT SOME VENDORS ARE MANUFACTURER
.... SO INCOME TAX THIS RULE APPLICABLE OR NOT
THANKS IN ADVANCE

Sir,
How can i proceed for Adjournment of notice for the first time.

Dear Sirs,

While checking few PAN of our employees, some were inoperative.

How Is it possible for checking all employee PAN.

Since we have calculated salary tds on regular basis, what will happen if we file the returns based on regular working without knowing inoperative status.

Whether we will receive notice for lower deduction of TDS.

Kindly advice.

Thanks.

Dear Experts,
A company has taken technical services from a foreign company from kazakhstan. But since the foreign company has PAN number through their establishment in india. Should tax be deducted under 194J or 195.

SIR
THE CASE WAS WITH JURISDICTIONAL ITO AND THEN HE TRANSFERED THE CASE TO FACELESS ASSESSMENT UNIT AND INTIMATION WAS ALSO RECEIVED FOR TRANSFER OF CASE. PROCEEDINGS ARE STILL GOING ON WITH FACELESS ASSESSMENT UNIT. NOW NOTICE ALSO RECEIVED FROM NEW JURISDICTIONAL OFFICER ON SAME MATTER REQUIRING SAME DOCUMENTS. CAN JURISDICTIONAL OFFICER SEND NOTICE IF CASE IS PENING WITH FACELESS ASSESSMENT UNIT AND NO TRANSFER INTIMATION/ORDER IS RECEIVED FROM FACELESS ASSESSMENT UNIT ?

Resolved and deleted.

Ours is a digital media company.
one of our client is in Australia for whom we are doing work of digital marketing.
for doing the work of this client, we have appointed 3-4 freelancer in Australia, who is working as per our instruction and they billed to us at our India Address and we have to pay them in US Dollar.
my query - is TDS deductible on payment made to the said freelancer if yes at what rate & under which section.
Thanks in Advance