Sir, we file societies income tax returns & in many cases " interest received from other society" which is taken as deduction us 80P is disallowed by cpc us 143(1).
Is this our income tax software issue ?
Or cpc really disallow in all cases ?

DEAR SIR,

ONE OF MY CLIENT IS PARTNERSHIP FIRM AND OBTAINED GST REGISTRATION FOR TRADING LIQOUR. BUT STILL THERE IS NO SALES AND PURCHASES. BUT THE PARTNERS OF THIS FIRM TOOK A LEASE OF A SAME LIQOUR FIRM OF OTHERS BUT THE PROPRIETOR OF THIS FIRM IS NOT ANY PARTNER OF ABOVE FIRM. NOW MY QUERY IS THE LEASED BUSINESS IS LIKE INVESTMENTS ARE FROM PARTNERS THE DUITES AND TAXES PAID BY THE PROPRIETOR WHO LEASED HIS BUSINESS TO THE PARTNERS. MONTHLY SOME COMMISSION INCOME CREDIT TO MY CLIENTS PARTNERSHIP FIRM CURRENT A/C.

NOW HOW TO TREAT THIS INCOME BECAUSE IN THE PARTNERSHIP FIRM'S GST RETURNS SHOWING NILL RETURN THERE IS NO SALES AND PURCHASES. THIS TRANSACTION AFFECTS TO INCOME TAX RETURN FILING.

1. CAN I SHOW THE INCOME FROM OTHERSOURCES OF THE PARTNERSHIP FIRM THERE IS NO SALES AND PURCHASE IN THE GST RETURN.

2. OR COMMISSION DEBIT TO PARTNERS CURRENT ACCOUNT FROM FIRM'S BANK ACCOUNT.

PLEASE SUGGEST ME TO RESOLVE THIS PROBLEM EARLIEST YOUR GUIDENCE NEED MUCH OBLIGED FOR MY KNOWLEDGE

REGARDS

what is depreciation rate as per income tax
Mobile Phone,
Biometric Attendance Equipment
Cloud On tally
Car for official use.

A friend of mine was deceased during the course of his employment with BSNL due to some health issues. After his death a reimbursement claim was approved by the BSNL. Now the query, whether there is any requirement of TDS from the disbursement, if so how much

Thanks in advance

Sir,
Fees collections income rs:25 lacs in hospital (A0P) registered f.y.21-22.
Question:
1.AOP registered person sec 44ada 50 precent profit provision eligible in it act
2.tax calculation normal slab rates applicable
3.fees collections income show procedure in accounting books.

Partnership firm Turnover Rs.25 lakhs and Net Profit Rs.50,000/- for the AY 2021-22 (i) Can Income Tax Return be filed without Tax Audit since Net Profit is less than 8% of Gross Receipts .

Sir,
While filling ITNS 280, which options needs to be selected for payment of LTCG Tax on sale of property:

1) whether to select --> (100) or advance tax, or (300) self assessment tax, or (400) tax on regular assessment ?

2) In the payment details, whether to select "income tax" or "others", as there is no section for "capital gain tax"

3) In case there is a mistake in selecting correct option, how to get the same rectified.

Thanks indeed,

Sir,
Seeking advice on form filling (ITNS 280) for payment of any LTCG TAX on sale of property, in FY21-22, by 15th march-2022

1) Whether one should select option (100)-> which is Advance Tax or (300)-> which is Self assessment Tax or (400)-> Tax on regular assessment ?

2) I had selected (100), considering that this is advance payment, as it is being executed before deadline of 15th march 2022, however it seems several earlier posts in CA-Club, have suggested, to select option (300) which is self assessment tax. Hence the confusion.

3) Please advice whether there is a mistake in my selection of option (100)- advance Tax, or is it correct.

4) If it is incorrect, how can we get this mistake corrected, as the telephone no of TIN call center (020-27218080) is very hard to reach.

5) Lastly in the INTS 280 form there are also other options, which have to be selected in details of payment such as: "Income Tax, or Surcharge, or educational cess, or interest, or penalty, or others". Which option is correct here ?

6) As there was no option for "capital gain tax", I had selected "Income Tax". Is it correct or wrong, and if incorrect, how to get this rectified.

Will appreciate valuable advice from experts.

Sir,
A Doctor running a private hospital fees collections from patients rs:50,000/- fees paid to RMP rs:10,000/-
Question:
Fees paid amount to RMP rs:10,000/- tds deducted provision applicable in it act.

I have filled income tax return of an individual have the income from house property only. While filling the income tax return i am selected the tax u/s 115 BAC i. e. Selected for new tax regime. It doesn't require to file form 10 IE because of having only rental income. I have received intimation u/s 143(1) showing all the data fields are correct except opting for taxation u/s 115 BAC. In intimation order it was showing selected ( 115 BAC) NO. Due to which in intimation order tax liability arise. Please help me. Thank you.