Sir,

I need clarification regarding the following situation?

My company was planning to organize a tour package to the employees. Altogether, the total package was around 25 lakh. As it was in the nature of package tour TDS under section 194 C was applicable. My concern was regarding, whether there was any tax implication in respect of the concerned employees. Again, this transaction covers within the preview of section 194R.
Please clarify in detail?

Hello sir,
I filled out the ITR before making the payment. There is no option for updating the chalan in the portal. the intimation demand is for 198000 and I have paid 213879 as tax. What I have to do.

in which sec of IT act the exemption can be availed. how to include in IT return

1).Assesses has files his return of income u/s 44AD for the A.Y. 2017-18 to A.Y.21-22 and for A.Y. 22-23 his turnover was 2.12 crore (cash payment and receipt are within 5% limit) so has filed return of income without audit (normal return filed without audit and maintain the books of account also for A.Y.22-23) and now for the A.Y. 23-24 has turnover of Rs. 1.5 crore so he can file his return of income u/s 44AD for AY 23-24. by showing 6%/8% profit?? or it will be treated as a violation of 44AD?

Fy 22-23 (old tax regime)
Income
Ltcg under 112 a-400000
Exemptions
Standard deduction-50000
What is the tax liability ? Will the tax liability change if the ltcg of 400000 is
a) for ltcg charged under 10%
b) for ltcg charged 20%

Hi,

My income source is salary, Interest on saving bank account, and dream 11.

which ITR is applicable for me ?

ITR 1 or ITR 2 ?

Respected Sir/Madam, I have filed ITR-4 for AY 2022-23, For My business income and income from other sources like interest from banks, post office and NBFC. Since Oct. 2022, I have started to invest in Equity shares of listed companies. How I will show equity investment in my ITR-4 for AY 2023-24? Is it necessary to show equity investment in ITR? Or only Dividend Income have to shown in ITR? Kindly give your expert advise.
With Regards,
Prem Moolwani

Dear sir
I am filing presumptive income u/s 44ADA. No accounts case.
I am not supposed to maintain books.
But unable to upload and following message continues to show
"Income under business and profession is claimed but gross receipts are not mentioned in profit and loss account. OR Profit shown is less than 50% of gross receipts but details of maintenance of the books of accounts and audit report u/s 44AB in Part A-General are not filled up."
I have shown gross receipts in presumptive income section 61 onwards and shown income more than 50%.
Any one has any idea. Thanks

Hello Experts!

Very Senior Citizen has interest income of Rs.30,000 from his Savings Bank Account. ( no fixed deposit ) .
Filing return in Old Regime. Can he claim Deduction under Section 80 TTB.

Thanks in advance.

DEAR SIR,

SFT INFORMATION REPORTED IN THE INCOME TAX PORTAL SHOULD WE CONSIDER THE INFORMATION REPORTED TO INCOME TAX DEPARTMENT WHILE FILING INCOME TAX RETURN AND THE INFORMATION REPORTED IF WE IGNORE WHAT WILL BE THE CONSEQUENCES

THANK YOU

REGARDS