I HAVE RECEIVED LATE PENALITY ORDER FROM TRACES DUE TO CORRECTION IN TDS RETURN, BUT I AM ONLY CORRECTION IN PAN NUMBER, WHY LATE PENALITY ORDER IS SERVE TO US.

PLEASE EXPLAIN.

1. There is maximum limit for remuneration to partners?
2. Then it is any provision to maximum limit of remuneration to each partner?
3. If there is 2 working partners in firm and other 10 is sleeping partners, then remuneration can be distributed among all 12 partners or 2 working partners only?

WHAT IS THE LOGIC BEHIND 11.88% DEP RATE ON PLANT AND MACHINARY IN COMPANIES ACT 2013?

Sir, Fy 23-24 , One business turnover 80lac and another one business turnover is 90 lacs. Total turnover is 1 crore 70 lacs. Can I opted presumptive taxation scheme decraled 8% profit and file. Pls reply

If return is filed before due date and stcl is carry forwarded but department had issued Notice u/s 143(1)(a) and time for response is lapse then what to do in that case?
whether rectify or revise the return?

Hii!!! there is one patnership firm consisting of two patners. one patner died on 16/2/2023. do we need to file income tax return ???
what complaince we need to follow in such case where partnership firm has two partner and one partner dies??
does it automatically dissolved???
do we have to intimate to any authority??

Dept went to ITAT against a CIT(A) order. Though the Tax demand effect was only 21 lakhs. Dept filed the appeal to ITAT in exceptional clause. Is there any order of ITAT for such appeal filed.?

can I revise a.y 2023-24 return as RECEIVED DEMAND NOTICE

ALSO NEED TO REVISE FOR AY. 2020-21 FOR SAME REASON.

Sir, on appeal filed with the appellate authority, the dept. is demanding 20% pre-deposit irespective of the good merits in the case. Any case laws are availble to substantiate that since there are good merits in the case, the pre-deposit 20% may be waived off.

AY2024-2025 original return filed and received defective notice in old regime and  revised return filed in  old tax regime
Last revised return filed on  01.12.24 with new tax regime same income same as first revised return.Whether department will process ITR 1 salaried Taxpayer in new tax regime or old tax regime the last revised return filed on 1st Dec 2024 in New tax regime Please tell