Pankaj Panchal

TDS ON BROKERAGE PAID ON SHARES SALE AND SHARES PURCHASE SHOWN IN TRDING ACCOUNT AS BUSINESS TURNOVER AND AS BUSINESS IS UNDER AUDIT U/S 44AB IS DEDUCTABLE OR NOT?


Ashim kr Ray
01 September 2022 at 12:21

Repay debt in bank account

Sir,

I help my friend by paying Rs 1lac in cash.
now he return me in my bank account.I am confuse what entry to be shown in tally in this type of situation as this is not my income.
Please guide


Amit
05 September 2022 at 17:00

Challan query 2022

Dear SANDEEP
Your CRN 22081600000264 dated 16/08/2022 is valid till 31/08/2022. To ensure CRN doesn't expire, please make remittance of tax within this date. If you are not aware about this transaction, please contact 1800 103 0025 or +91-80-46122000 immediately.
e-Filing, Income Tax Department

Dear SANDEEP
Transaction of Rs. 1000 against CRN 22081600000264 is expired.
e-Filing, Income Tax Department

What is meant by these messages?
Return filed & e verify same day. Rs.1000 rs late fees are deposited


Renjith.R.s.
31 August 2022 at 21:46

Bank charges treatment for DSCR

For calculation of DSCR to arrive operating profit, bank charges paid to be added along with interest charges?


Ashish Agarwal
31 August 2022 at 14:45

Can karta be changed in HUF

My father is the karta of his HUF. Since he is not keeping good health, he wants to make me karta while he is still alive. Is is possible and what are all the formalities?


Ajay shah
30 August 2022 at 21:59

Magistrate court

If the self assessment tax not paid and person is prosecuted in magistrate court. If the person pays the self assessment tax in full or in installment, how the court close the prosecution against the assessment. The person filed ITR in the year 17 18 Ay. The amount is Rs. 156000.00


Kamalesh Guha
30 August 2022 at 21:33

Error in filing of ITR-3

Dear Sir/Madam,
Tax audit of a professional has been conducted u/s 44AB(d) - Profits and gains lower than deemed profit u/s 44ADA. Form 3CB-3CD has also been filed. While validating his ITR-3 for the A.Y. 2022-23 for submission, error comes up and asks to select the method of valuation of closing stock for raw material & finished goods in Schedule OI. I do Seek solution from the expert minds as this is not required for professionals.
With best regards,
KRG


S Betrayasamy Co
30 August 2022 at 18:52

ITR 7 Filing Query

1. Is it mandatory to fill Balance sheet and Profit & Loss a/c for Trusts with 12A registration?
2. Any guide for filing is prescribed? I could not find the manual in the IT portal.
3. "Own funds" in Liabilities side of the Balance sheet of ITR7 includes all funds including Excess of Income over expenditure?


Gourav dewangan
30 August 2022 at 15:10

ITR U.....

Can i change new tax regime to old tax regime of salaried person for AY 2021-22 through ITR U (Updated Return).
Note : Assume other condition to file ITR U has been full filled like his total income increased, he paid additional tax on additional income, he is not claiming refund etc.)


Manish
30 August 2022 at 11:14

Tax on HPL encashment on retirement

Dear experts,

The query is about the leave encashment to govt. employees.
They get encashment of earned leaves and half-pay leaves, depending upon the shortage of earned leaves below 300.

The income tax exemption section 10(10aa) sets exemption for ‘earned leaves’ only. There’s no mention of ‘half pay leaves’.

Is there any clarification about it or the HPL encashment is fully taxable?

Please guide.

Thanks






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