Sir,
Professional income and shares trading income source person (rs:50 lacs above professional income and rs:2 lacs shares trading income)tax audit sec 44ab filed in f.y.21-22.if assessess shares trading income not reported (missing) in f.y.21.22
Question:
Assessess shares trading income show procedure in it returns in f.y.21-22

Assessee filed ITR1 on his own on 18th Dec 2021 for AY 2021-22. On the same day (18th Dec 2021) he was intimated with an order of Rs 78,100. On the same day (18th Dec 2021) he paid the requested amount through challan. He has challan copy. However, he didn't submit the demand response.

Fast forward to June 2022: I filed his ITR3 for AY 2022-23. It took some time for his refund to process, but on 25th Oct 2022, he was notified through email that the refund for AY 2022-23 is proposed to be adjusted against the outstanding demand of AY 2021-22. So, I tried to submit the demand response for the same on his e-Filing portal. But still, the portal demands to pay interest accrued on the original demand.

The outstanding demand was already paid last year, but the response hasn't been submitted yet. Is the Income Tax Department within their rights to demand interest on the amount? Or this is a bug in their portal? What can be done in this case to waive off the interest?

I have filed 26Q TDS return for the period Q2 of FY 2022-23 through Income Tax portal on 28th Oct. 2022. E-filling Acknowledgement Number generated successfully. Acknowledgement Number and RRR Number are generated same. After 3-4 days I have checked the status the status through Traces portal - Status shows - Process without default. At the time of request for form 16 A , receipt no. shows wrong. Now again I want to view the filed return on Income Tax Portal , the detail of filed 26Q TDS Return for Q2 of FY 2022-23 not show.
Please help and advice.
ANIL MATHUR
Mobile : 8369595342

Dear Sir,

I have file my return dt : 17-June-2022. Return not processed, Refund not received.

One month back ,I raised Grievance -
Dept : CPC ITR
Category : Processing

Received Resolution as below

Dear Tax Payer, It is seen from CPC portal that your return for the said AY has been processed determining a refund which is being released by CPC shortly. Kindly treat as interim resolution.

The above msg received 1 month back, Till now my return not processed, Intimation order not received, No refund received.

Please Guide me what to do ?

Sir,
It assessess source of income remenuration and interest only from partnership firm

Assessess expenses for telephone,car, depreciation on car, salaries to accountant
Question:
Above mentioned expenses claim allowed against remenuration and interest income accepted in it act.

Sir,
It assessess source of income remenuration and interest only from partnership firm.
Question:
Assessess above income telephone expenses and salary paid to account and car expenses and car depreciation expense claim allowed against partnership firm income accepted in it act.

Dear Sir/madam,
I have filed TDS return form 27 Q Q2 of FY 2022-23 for deductee Australian co without pan & TDS @ 10.4
1) traces has raise demand for short deduction with error invalid pan how to close the demand ?
2) how the party will take the benefit of taxes or what we should give them ?
amount of tax is not gross up.
Thanking you !
Krishna

INCOME FROM CAPITAL GAIN RS. 439176.00

INCOME FROM OTHER SOURCES RS. 38503.00

INCOME FROM HOUSE PROPERTY RS.( 77888.00)

GROSS TOTAL INCOME RS. 399791.00

DEDUCTION UNDER CHAPTER VI-A RS. 38503.00

TOTAL INCOME RS 361290.00 ( R/O )

BUT AT TIME OF ASSESSMENT CPC NOT GRANT BENEFIT UNDER CHAPTER VI-A

Which challan number use for paying ITAT appeal filing fee of Rs. 10000/- by a Company.

Hello Sir,

Service invoice received from canada person.

1. Is we have to deduct TDS on payment of this invoice. (Please share section and rate of TDS)

2. If we deduct TDS, can the party take credit of TDS in his country canada.

Please advice

Regards,

Seema