DEAR SIR/MADAM

PLEASE SUGGEST HOW TO TREAT INELIGIBLE GST AMOUNT UNDER INCOME TAX.
CAN WE CLAIM IT AS EXPENSES ???
IF YES, UNDER WHICH HEAD??

REGARDS
MAHAVEER JAIN

Sir,
in year 2020 gst was open and no return was filed tilled then, in month of oct 23 officer has cancelled the gst registration.
Now i want to know whether i have to apply for cancelation again or not.
If person want to make IT return from 2020 can he submit the return or not.

Hello,

Can i avail both Rent HRA and Housing loan interest + principal from salary.
If yes, what conditions should i fulfil.

A Partnership firm set up in the year 2019 did not opt for 44AD from FY 19-20 to FY 22-23. For FY 22-23 turnover is more than 2cr and maintained books of accounts till FY 22-23. Can it opt for section 44 AD in FY 23-24 (AY 24-25) if its turnover is less than 3 crores?

Dear Sir/Madam,

We are an educational institution engaging foreign faculty (NR) to teach few subjects as free lancers.
1. Is TDS applicable on remuneration paid to them? Under which section and what is the percentage of tds If applicable? (They will not stay more than 90 days in india to teach those subjects)
2. What are the required documents we have to take from them (whether exempted or taxable).

Could you please brief in this regard.

Sir,
It assessess foreign currency trading transaction rs.50lacs OLYMP Trade cash deposit and withdraw used for credit card.all trading transaction reflected in ais/tis loss income trading transactions.
Doubt=
Assessess loss trading transaction itr filed mandatory.

A charitable trust created a fund for giving medical aid to people. The members and general public gave money for this fund. Trust kept this money in a separate account. Can this money be treated as corpus fund

Dear Sir,
Charitable Trust having donation income (15,00,000) & also having Fixed Deposit interest(RS55,000) income. but I want to know whether FD interest is taxable and if it is taxable what is the tax rate applicable under new section 115 bbi & under existing one also.

Thanks in Advance,

We have filed the TDS return for Q2 fy 2023-24 with fulfill proper contents i.e. valid Pan data/Name of deductee/date of payment/date of deduction and challan details as per tds compliances. But income tax deptt. sent us a default intimation along with details for default PAN number by referring higher rate of tds deduction / short deduction along with interest of short deductions demanding for the PAN numbers are valid but inoperative for the quarter.
We advised to our deductee to link the PAN-Aadhar on income tax portal as per justification report downloaded from traces site.
My query is that if the deductee will update the PAN and linked with Aadhar and there after can we file the correction statement for the quarter with updating PAN status and without paying short deduction.
How can we resolve this, please advise
Thanks
Vijay

AFTER SUBMITED 26Q2,2023 RETURN , IT DEPARTMNENT ISSUE A DEMAND NOTICE FOR SHORT DEDUCTION RS. 6400.00 For Defaults and/ or PAN Errors have been identified in the Regular statement filed by you for Q2 of FY 2023-24 for Form 26Q and processed by ITD u/s 200A/ 206CB

THEN WE HAVE CHECKING OUR RETURN THOROLY AND NOT FIND ANY MISTAKE DONE FROM OUR SIDE . EXCEPT ONE PARTY HAS PAN NUMBER IS OK BUT HE DOES NOT SUBMITTED HIS INCOME TAX RETURN LAST 5 YEAR AND WE HOPE THAT IT DEPARTMENT CHERGE 20% TDS AGAINST INVOICE VALUE RS. 32000.00(U/S 94C)

HOW TO SOLVE THIS PROBLEM.