Assessee had not filed ITR for AY 2022-23.Subsequently,he has filed Updated ITR for AY 2022-23 on 02.05.23 under New Regime.He could not file Form 10IE as no option for the same was available now.Now he has got Intimation having demand as the tax has been calculated under Old Regime instead of new regime by the Dept. Please guide for the options available in this case.

How can i get rectified the same ?
who will be the second party in stamp paper for indemnity bond ?
Stamp Paper Should be Rs. ?
Other mandatory documents to be submitted to AO ?

The assessee is in appeal before ITAT against the CIT(A) order under Section 250, which pertains to an assessment order issued under Section 147.

While the appeal is pending before ITAT , the Assessing Officer (AO) issued a show cause notice under Section 154 to rectify an alleged error in tax calculation in the Section 147 order.

Then AO has power to rectify assessment order while we are in appeal against CIT(A) order under section 250 based on Assessment order under section 147 ?

I am an IT dealer. I have bougth IT services under HSN code 998313 and sold the same to a customer. Am i required to deduct TDS on the above purchase?

Sir
I want to know which amount is consider for calculation of as a current salary.
FY 2022-23 current salary 442799+arrear 172391 = 615190 as a total salary now i have received rs 18216 as a arrear salary for fy 2022-23 in current financial year while calculate the relief under section 89a of income tax act as a current salary for fy 2022-23 rs 442799 or 615190 kindly suggest .

IN CASE OF PF/ESI PAID ON OR BEFORE DUE DATE OF FILING OF INCOME TAX RETURN UNDER SECTION 139(1), THEN SUCH EXPENSE ALLOWED AS DEDUCTION UNDER PROFIT AND LOSS? IS THERE ANY CASE STUDY ON SUCH MATTER?

If search seizure initiated to other party under section 132/132A then assessment procedure start on basis of same on us then we may apply for DTVSV 2024?

Hi,
Mr.X wants to sell his commercial property and wanted to buy residential one, he doesn't have more than 1 residential property.
He is selling old for Rs.75L and the cost of new residential plot is only Rs.50 L., so can he use the balance amount for the construction which will take another 6 months and claim the total sale proceed for capital gain deduction.
Further he has 2 sons, A and B.. so can he purchase the new property in joint name of all 3, without any contribution of Funds from his sons.
What would be the tax impact
Please clarify

My turnover is only 80 Lakhs to 1 Crore, but we are paying 50,000 every month as consultancy charges.

In this regard, is it necessary to deduct TDS? Since we are a proprietorship and our turnover is below 1 Crore, is TDS deduction not required? Please confirm

I am a practicing CMA. I need a freelancer or professional for drafting ITAT appeal submissions on a per-assignment/case basis. Where can I find one?