TDS deducted on short and excess provision , will be any consequences for short deduction of TDS.

Hello:

A Partnership Firm is constituted - Sole Objective – Investments & Trading in Stock Exchange Listed Equity and Debt Instruments. Trading using Derivatives (Futures & Options)

Every Partner Contributes Rs 5 Lakh.

Income of the Firm will be from LTCG, STCG, Dividend, Interest on Government Securities and Profit from Futures / Options Trading.

1. Can Simple Interest at rate of 12% be Paid to Partner's Capital from the above sources of Profit every year and claimed as deduction in Firm's account ?

Thanks.

missed filling my ITR -4 for the AY 2021-22, is it possible to file now? guide me plz.

GOODS TRANSPORT AGENCY HAVE LESS THAN 10 VEHICLE BUT THEY ALSO HIRE VEHICLE FORM MARKET. THEY GIVE DECLARATION FOR NON DEDUCTION OF TDS AS THEY HAVE LESS THAN 10 VEHICLE.
IN THAT CASE TDS IS DEDUCTABLE OR NOT?

sir,

I need clarification regarding the depreciation rate applicable for safe deposit locker under the provisions of income tax act, 1961. Also Classification under which block of asset?

Hi Everyone,
Can you please provide Objection Letter format for Notice Received U/s 148 for AY 2013-14 after 31-03-2021 after time barred period with latest case law.

Thanks in Advance

Sir,
One of the professional income it returns filed person consturaction for hospital building value rs:1 crore (ground floor for hospital and 1st floor for residential purposes used.
Question:
Assessess depreciation claim procedure on total construction value or hospital used place only allowed.

GOODS TRANSPORT AGENCY HAVE LESS THAN 10 VEHICLE BUT THEY ALSO HIRE VEHICLE FORM MARKET. THEY GIVE DECLARATION FOR NON DEDUCTION OF TDS AS THEY HAVE LESS THAN 10 VEHICLE.
IN THAT CASE TDS IS DEDUCTABLE OR NOT?

Dear Sir,

Assessee (married son) was deceased assessee but in income tax return file of deceased persons to registered authorized representative. Can I register to his father (deceased person) as legal heir for income tax return filed.

And also in legal heir document also mention his father and mother are legal heir of deceased person (married son) and also send me legal heir format.

Respect sir,

i have downloaded RPU 4.1 Version. We are trying to file original TDS return for 24Q4 F.Y. 2021-2022, at the time of validation a error is shown as "This FVU version is old. Please download latest version of FVU from TIN website. and on clicking on this dialog box statement is validated successfully. But Statement validated using this FVU will get rejected at TIN Central System.

and on clicking on this dialog box then file is validated. and if this validated FVU file is trying to submit on income tax portal then it is rejected at income tax portal.

So please solve my problem and give me a solution as early as possible.