As a deductor i have total 23 deductee can i pay all deducted amount through one challan ?
Answer nowSir,
Invoice Value Rs.161200/- Party is not registered in GST ( farmer) so can we accept Cash Rs.161200/- from Sundry debtors
Please advise
A housing society is claiming deduction under sec 80p(2)(d) of interest received from investment in co-operative society . Society has also received interest from saving account maintained in other op-operative society. But housing society is claiming deduction only in respect of interest from investment in co-operative society by declaring in income from other source head
Interest from FDR In Other Co-operative Society 50000
Interest From Saving Account maintained in other Co-operative Society - 15000
I am claiming deduction under section 80P(2)(d) of amount Rs. 50000
Error : In Schedule 80P, the amount in Sl. No. (11) amount eligible for deduction should not be more than sum of Sl. No. 1(a)+1(bii) of Schedule OS + 5(ii) and 5(xiii) of Schedule BFLA subject to interest and dividend declared in Schedule P&L.;#;Kindly restrict The amount eligible For deduction mentioned in Sl. No. (11) of Schedule 80P to the sum of amount mentioned in field dividend gross and Interest from Deposits (Bank/ Post Office/ Co-operative Society) i.e Sl. No. 1(a) + 1(bii) of Schedule OS+ 5(ii) and 5xiii of Schedule BFLA subject to interest and dividend declared in Schedule P&L
Sir/Mam,
one person not linked aadhar and pancard with in due date 30th june 2023, Now what is process to link aadhar and pan , how much penalty
Please kindly guide
Thanking you,
Hi,
Filling ITR 2 as an NRI,
I need your advise where exactly to show the Dividend income under OS(Income chargeable at special rates), Dividends received by non-resident (not being a company) / foreign company chargeable u/s 115A(1)(a)(i) (OR) Dividend Income (Other than (ii) or Dividend Income u/s2(22)(e)
Thanks in advance for your advise.
I am unable to file online TDS correction return on Traces.It is ready for submissionbut when i submit ...There is no response.
Everything is okay and i have filed other correction returnswith DSC..Even in this case DSC is functioning for other work but not submitting the file...Is this portal issue or something else..
There are 3000 employees correction ...is this problem is due to size...if any one faced such problem ...kindly guide...
i also tried in offfline mode ..the software doubled entries there...hats why i choose online mode..
Dear Experts,
The assessment unit of the Income Tax Department has passed order U/s 147 r.w.s. 144 read with Section 144B of the Income Tax Act, 1961 in respect of A.Y. 2018-19 but the credit of tax deducted at Source has not been given in the assessment order.
Assessee is a retired employee and did not file his return for AY 2018-19, neither U/s 139 nor U/s 148. The assessee could not response to any notices issued by the Department till date as he is diagnosed with Cancer.
Whether apart from Appeal to Commissioner Appeals and Revision U/s 234, any other options available so that the assessee gets the credit of Tax deducted at Source as the same is reflected in Form 26AS.
Whether the order U/s 147 r.w.s. 144 read with Section 144B be rectified U/s 154 by making an application to the Jurisdictional Assessing Officer?
Note: In Income Tax Portal facility for rectification U/s 154 is available only for intimations issued U/s 143(1).
I have an entertainment website that generates revenue from display ads.
Few points:
1. The business is not registered yet.
2. Income comes in dollars from a US-based company.
3. Revenue is less than 1 crore.
4. Need help regarding 44 AD and If GST registration is needed.
My doubt:
1. Can I file 44AD without registering the business which means directly from the PAN account where income gets deposited?
2. If GST registration required?
3. Some CAs are arguing that if your profit is more than 6% then you have to show the actual profit. My profit is more than 60% but I want to show the 6% only. Is that ok?
Here I have found a case where the assessee challenged the AO officer and won the case just showing minimum profit even though the profit was much higher.
https://indiankanoon.org/doc/151903937/
https://www.caclubindia.com/forum/profit-under-section-44ad-ada-473205.asp
Here tax2win CEO says that only a minimum of 6% is required even if profit is higher.
https://tax2win.in/guide/section-44ad-44ada-44ae
Filing tax for the first time as NRI , is there a guide to file income taxes ?
This is for FY 2021-22 No income.
The only reason I want to file is TDS deducted on my FDs by bank.
I know I am late , and have read that there may be late panelty. Since I dont have any income in India due to being out of country, could I still file my taxes without paying late fee?
Thanks in advance.
Sir/Mam,
Property Purchasing in the name of Wife and Husband both taken loan from purchase of property. Registration of Property also Wife and Husband name.
How to pay 194IA tds on Sale consideration both names or Single Name
Please Kindly explain how to pay TDS 1941A if vendee is Two members
Thanking you,
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Tds on sales incentive amount