When I have tried to file correction statement it was rejected due to Line No 2 - Invalid Previous RRR Number.

We are registered GTA. We had raised an invoice for the transportation charges provided during march 24 in april 24 (to customer to whom we provide continuous service through out the month). And accordingly we have filed our GST Return. But our customer has booked the provision for the services taken and has filed tds return. Because of this, there is a mismatch with our books of records and 26AS. If we take in to account of the provision and pay income tax, then there would be mismatch with our turnover as per GST return. What can be done in such scenario?

We are registered GTA and we had raised our invoices for the transportation charges related to March-24 in the month of Apr -24 and accordingly GST returns were done. But one of our customer has taken provision of 26 lacs and has filed his TDS return. Now our auditor is telling that we need to pay income tax on that 26 lacs. But then there will be difference in turnover with ITR and GST returns. What is the solution for this. If we pay income tax on 26 lacs then the turnover mismatch will continue for next financial year also as that customer will again book provision in his books and file tds return accordingly. Please advice what we can do for this mismatch

A statutory body is enacted as per Advocate Act 1961. As per Supreme Court Judgment, income of statutory body is exempt u/s 10 (23 A) and section 11.

Since AY 2020-21, Form 10 B is mandatory to be filed. Due to lack of knowledge, Form 10B was not filed in time.

Income tax sent notices since AY 2020-21 , 2022-23, 2023-24 and made all income taxable. How to solve all the problems. Please guide.

A Company claimed deduction u/s 80JJAA in the AY 2023-24 after fulfilling all the conditions specified u/s 80JJAA. In AY 2024-25, the company has hired new employees but total number of employees as on 31.03.2024 is less than that as on 31.03.2023 because many employees have left the company. Whether the company can claim deduction u/s 80JJAA for the second & third year for employees joined in FY 2022-23 & 2021-22 respectively?
Also, for second & third year, for calculating the amount of deduction, whether increment in the salary need to be taken into account or the deduction should be same for all 3 years?

Income Tax Query: In case of transporter who declare income u/s 44AE having a Truck-Trailer and on R.C. of vehicle laden/Unladen wt.(Kg.) 55000/15070 kg. is mentioned and GVW is not mentioned on R.C. so on which weight income u/s 44AE is to be calculate on 55 ton /15 ton. (55 Ton x 1000/- p.m. or 15 Ton x 1000/- p.m.)

Mr. X is Land Lord, individual and having Land 1000 Sq Yrds

Mx. Y is Builder

They entered in to JDA (ratio 60:40)
Total 10 flats (6 flats for Land Lord and 4 flats for Builder)

Capital Gain Tax Calculation (after completion Certificate)
FCV 6 Flats * 10 lakhs (SDV value) =60,00,000
Land (40% )Acquisition 3,90,000*348/100=13,57,200
Long term Capital Gain= 46,42,800

Here my doubts:
here Stamp Duty Value means flat construction cost and land (undivided Share) cost
Can we reduce land cost from this SDV Value to take FCV value because here in my opinion construction value is only out consideration. 60% land was hold with us as undivided share.

if not why shouldn’t be reduce land cost?

Please give reply

Thank you

I have received demand from income tax department due to one challan as overbooked.
There were total three challans in the return. Out of which two are matched and consumed and one is mentioned as overbooked. However I have entered all the details of the challan correctly. Can someone please guide how to deal with this demand

For want of registration u/s 12A society was forced to pay tax for the A.Y.2022-2023 & 2023-2024 and 12A registration was given for Rs.2024-2025. Whereas, as per circular no.6/2023, dt:24/05/2023 exemption could be claimed for A.Y.2022-23 onwards if form 10A is not yet submitted is it possible to submit again application for 12A Registration for the A.Y.2022-2023 & 2023-2024.

Sir,
Our two employees PAN is inoperative due non linking with aadhar. Salary paid to them for FY 23-24 was Rs.573201 & 527315. They opted new tax regime. So no tax had been deducted. TDS return filled and return processed with defaults. Justification report shows short deduction of TDS Rs. 99640 & Rs.90463.
Does provision of Sec 206AA applicable as the employee is not liable to pay tax.
Pls reply what to do.