Sir,
One of the it person maintained three banks 1. sb account balance rs:24,568/-
2.bank sb account balance rs:56,356/-
3.bank sb account balance rs: 89,455/-
As on dt: 31-03-22.
Question:
Assessess above mentioned all banks
accounts information transaction data AIS show compulsory.

sir
can commission income earned under 194h and 194d be claimed as business receipts showing as professional income thereby claiming 50% expenses.

KIND ATTN. SIR
WITH REGARD TO NOTICE RECEIVED U/S 148, THE ASSESEE HAS MADE BANK TRANSACTIONS TO THE TUNE OF RS.1,78,00,000/- BUT NOT FILED THE INCOME TAX RETURN FOR THE AY 2018-19.KINDLY GUIDE US TO FILE THE INCOME TAX RETURN AND 44AB AUDIT REPORT APPLICABILITY AND PAYMENT OF PENALTY FOR NON FILING OF AUDIT REPORT AND FILING OF RESPONSE THROUGH ONLINE
THANK YOU SIR
WITH REGARDS
CA.P.SHANGAR

Dear experts,

Whether an updated return can be filed for FY 2020-21 where the original return was not filed for the said FY.

I have two scenarios:

Scenario 1. My total income is up to Rs. 2.5 Lacs
a. Can I file the updated return now?
b. Whether any tax or interest or additional tax or interest have to be paid if the total income is upto Rs. 2,50,000.

Scenario 2. My total income is below the 5 Lacs and will not be taxable after rebate u/s 87A.
a. Can I file the updated return now?
b. Whether any tax or interest or additional tax or interest has to be paid if the total income is up to Rs. 2,50,000.

Dear Sir,

One of my client is transferring property to his cousin by way of Gift. There is no money transfer in this case nor any sale has been made.

I want to know will there be any long term capital gain impact in such case to either of the parties and whether any tax needs to be paid in this transaction.

Please help me in this matter.

Regards,
Divyesh Jain

if get notice us 148 ... in notice mentioned .. sft 285BA transaction & amount is given but not given type of transaction. Assessee dont know that transaction now from where to find that transaction ???

One of my clients is a individual who is paying a good amount towards of transportation of household goods. I want to whether he needs to deduct tds on amount payable to Packers and movers ( who isPvt Ltd co).
He doesn't have TAN no .
Request you to throw light on above with respective provision

whether TDS to be deducted on Pure agent.

what is the process to pay 20% advance payment for appeal in installments ..?

CAN I FILE ITR-1 FOR A.Y-2021-22.
IF YES PLEASE TELL US THE PROCEDURE