Sir,
It assessess previous last 5 years income and expenses details showing in itr mentioned below
Income 5 years in itr rs:35 lacs
Expenses 5 years in itr rs:12,50,000/-
Net balance amount rs:22,50,000/-

Assessess investment bank fd rs:30 lacs amount
Question:
Investment fd in bank rs:22,50,000/- or 30 lacs correct.

sir,
Assessee maintained a private hospital tax audit filed every year. hospital creditors (equipment and other materials Puchases) amount rs:50 lacs as on dt:31-03-24
Doubt:
1. 15/45 days provision and sec 43 B(H) provision applicable for hospital.

Dear All,

TDS applicable to all advance payments for goods,

For example,
The vendor from whom we are purchasing the goods,

a) First invoice basis value Rs.10 Lakhs
b) Second invoice basis value Rs.20 Lakhs
c) Third invoice basis value Rs.15 Lakhs
d) Fourth Advance paid for goods Rs.8 Lakhs (Basis Value)
Total value Rs.53 Lakhs

Please advise me whether the TDS will be deducted on the above,

Reason: Return has been filed u/s 139(8A), but it is not accompanied by the valid proof of payment of tax as required u/s 140B.

I received this notice for AY 2021-22. I had non taxable income in AY 2021-22 but filed it last year with a late fee of Rs.1000.

Should I agree or disagree with the defect in response?

Can u switch between old n new Regime every year?

Dear Sir,

i have received a housing loan of 43,00,000, in the month of April - 2024. I need to give investment declaration to my company where i am working.
but the section 80EEA is application for loans sanctioned between 2017 & March 2022.
is there any update with respect to extension of applicability of section 80EEA.
If no, pls kindly suggest me for investment declaration.

Hi,
One of my friend bought the property from builder in cheque amount but builder is registry not done and after some years builder returns the money with extra amount.

I want to know what will impact in income tax extra money will be given by builder?

Sir, I havesome wrong entry in short term capital gain as below:
Sales consideration: 4,17,00,000, Cost of acquisition: 4,13,00,000, short term capital loss around 4 lakh
I want to correct it as below :
Sales 1,15,00,000 , Cost of acquisition: 1,12,00,000, short term capital loss around 3 lakhs.
Apart from it, I have only salary income around 5 lakh on which I paid tax at that time, so there will not be any effect on net tax just figures correction. So kindly tell is it possible through rectification plz

ATUL B SHHAH (KARTA) OF...BABULAL RATANJI SHAH (HHUF)......MOB-90829 21706 EML...LOOK4U@REDIFFMAIL.COM

I,KARTA..60YRS....HHOLDING BELOW....HHUF...PAN NO

AS HUF...PAN NO BECOMES...IN-ACTIIVE...MY FINANCIIAL TRANSACTIONS STUCKS........

AFTER APPROCHHING..IIT-DEPT.......
SAYS...PAN NO ACTIVE......II HHAD PRODUCRED PROOF ...IT IS..IIN-ACTIVE...

THHEY HHELP-LESS...& NOT IDEA ...HHOW TO SOLVE IT....

KIINDLY ...HHEP ME...& INCOME-TAX DEPT....TO SOLVE PROBLEM ???


BRIEF...MY HHUF PAN NO...SHHOWS IN-ACTIVE.. (LATEST....PRROF-AATACHHED..IT-DEPT..GIVEN IN WRITING...IT IS ACTIVE....(PROOF ATTACHHED)


HUF..PAN IN-ACTIIVE...DT 11-04-2024

HHERE......SCREEN SHHOT...NOT ALLOWED TO PASTE...

Sir,

One of my client received 10 mobile tab as sales promotion under a credit note. This credit note specifically mentioned that it was sales promotion expense and TDS was deducted under section 194R and no GST was collected in that credit note. Then I want to provide these mobile tab to one of my customer under a credit note which was in excess of Rs. 20,000. Then I want to know whether the credit note I am proposing to issue was liable for GST or Can I issue the same without GST in the same way as issued by the supper. But I think I would definitely required to collect TDS under section 194R in the credit note I am proposing to issue. Please clarify regarding the GST Applicability and TDS