Dear Sir,
I have submitted 26Q for Q1 for FY 2023 - 2024 on 2nd Sept-2023.. While preparing return I have added a challan of Rs.96980 but I omitted to add deductee details. There are 17 deductees against the same challan. The TDS return was processed without defaults.
Now have I download Conso file and I have added the all deductees and submitted the correction statement. The correction statement was rejected. Reason was Correction Claimed amount more than balance. But challan amount and amount claimed against deductee was correct.
When I checked the challan status in TRACES Portal it shows claimed amount Rs.0.00 balance Rs.0.00. But when I add challan to correction statement total amount i.e. Rs.96980 was available in TRACES.

Please guide me how to use available challan amount against the 17 deductees

What is the depreciation on Setup Cost @1.50 Cr of Multiplex theater as per Income Tax Act ? there is no separate cost of Furnitures & equipment's are available.

A British National is a resident in India for FY23-24. He / She earns salary from Singapore.

Is the Singapore salary is taxed in India. Can credit be claimed on the Tax on salary deducted in Singapore.
Can somebody explain with relevant Articles of DTAA?

I have submitted outstanding demand, added CIN number and challan details for AY 21-22 and also for 22-23. But still I am getting Demand Due. Its is not getting processed in the portal.

Then I filed for rectification for AY21-22, 6 months back. But still no processing done.
Can you please tell what should be my next step.
How can I resolve this outstanding demand issue?

How to calculate depreciation on closed business.
on Fixed assets and Trademarks.

Cash paid for incurred of imp rest expenses,
whether can be paid more than 10K in a single day.

What will be the taxation on capital gains arising on sale of Mutual fund units bought after 1st April 2023 after the recent change in 2023 Finance Act of Mutual Fund Schemes that invest only in listed equity ETFs? Also what would be the position if such schemes invest only in other equity Mutual Fund schemes?

Dear Sir,

A person has engage a business of Agriculture product. he sold the crops on behalf of farmars in Grain market and get some commission. Some time he provided advances to farmers for their personal needs and purchase of some pesticides and fertilizers. so in this case owner had give Rs.1100000/- advance to A Farmer and Rs.432500/-to B Farmers. after some time owner ask to return back money or sold your Crops but both are ignore him and refused to return back money. in the end owner file a Court Case against A and B. again 1 year passed 7 to 8 herining Court have a decision in the favor of Mr. A and Mr. B
Now please suggest how to adjust Rs.1100000/- and 432500/-which show in books of accounts in Dr. Side .Can we adjust with Capital account.

Please advise Respected Sir,

Dear Experts,
1 A company is availing solar power from an individual, who is having the facility to generate the solar power.
2 The solar power supplier has raised the invoice to the company in his own name.
3 The query is
Whether TDS is applicable on this solar power supply or it is exempted from deducting the TDS.
4 Pls clarify

AY 2012 means which AY

AY 2011-12 or 2012-13