I have filed my ITR under section 44AD now i have received notice u/s 131(1A) to produce books of accounts as i have not maintained BOA what should i do there is nothing mentioned in notice about which Documents is required by A.O the only thing mentioned is BOA should be produced
Its urgent pls give your suggestions ASAP

sir,
A Business it person sale turnover rs:3 crores above year f.y.23-24 books records computer system tally software used some tally data corrupted account records rewritten tax audit returns filed some time.
Question:
Assesee late fileing tax audit penality provision applicable.

Suppose I do business of purchase and sale of land.
What is business code for filling income tax return in this case?

shares purchased Listed and unlisted on 25th December 2022 and sold it on 25th December 2023,
whether it can be :Long term capital gain or short term capital gain in both the case.

A trust was not granted registration u/s 12A by the CIT Exemptions. Assessment order passed treating the entire receipts as taxable income. The trust preferred an appeal before ITAT against the order of the CIT( exemptions). ITAT remanded the matter to CIT Exemptions for fresh consideration. CIT Exemptions did not grant registration u/s 12A. The trust preferred an appeal before CIT Appeals online after a delay. CIT Appeals did not condone the delay. What is the next course of action. Should the trust file an appeal before ITAT against the assessment order or file an appeal for the condonation of delay. Can the experts explain please

Please inform impact for Interest and Penalty for Delay in TDS Payment.

Sir i had filed itr u in January 24 (A.Y. 2023-24) but intimation still not received and return is showing not processed .As per rule time limit for receiving intimation will be December 24.
My query is if there are any practical cases you have seen in which intimation is not received within time limit and thereafter filed return/acknowledgement is treated as deemed intimation. How much such cases you have seen practically just rough idea

A trust was not granted registration u/s 12A by the CIT Exemptions. Assessment order passed treating the entire receipts as taxable income. The trust preferred an appeal before ITAT against the order of the CIT( exemptions). ITAT remanded the matter to CIT Exemptions for fresh consideration. CIT Exemptions did not grant registration u/s 12A. The trust preferred an appeal before CIT Appeals online after a delay. CIT Appeals did not condone the delay. What is the next course of action. Should the trust file an appeal before ITAT against the assessment order or file an appeal for the condonation of delay. Can the experts explain please

Dear Experts,

If monthly rent exceeds 50000 then TDS is required to be deducted.

What will be the due date to deposit the same to government? Is it on monthly or annaul basis?

Pls advice

Regards,

Dear Sir/ Madam,
One of my client had filed IT Return u/s 44AD for A Y 2023-24 Now for A Y 2024-25 Shall he eligible to file U/s 44AB is there any problem. Please guide me in this regard.
Thanks in Advance.