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please tell me what is previous RRR number in TDS correction filing
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Sir/madam
suppose if a credit co operative society incurred a loss from business of Rs. 1 lac & have interest income on deposits of Rs. 2 lacs i.e. 1 lac from investment with credit society & 1 lac from interest on deposits with nationalised bank then 1 lac business loss can be set off against the FD interest earned from deposits with nationalised bank & remaining 1 lac interest can be claimed as deduction us 80P(2)(d) ??
please reply thanks in advance
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Mr. A has bought a flat in an auction from a bank under the SARFAESI Act 2002. Mr. A is selling that flat with a market value of 2 crore and a buying value of 1.50 crore.
The question is: Will Section 50C of the Income Tax Act be applicable to Mr. A
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WE WAS TAKEN PROVISIONAL REGISTRATION ON DATED 31-08-2021 IN BOTH CASES 12A AND 80G . BOTH PROVISIONAL CERTIFICATE ARE VALIDE FOR AY 22-23 TO AY 24-25. ON DATED 03-04-2024 MY PERIOD WAS EPIRED OF PROVISIONAL CERTIFICATE. MY QUERY IS THAT WHICH FORM IS APPLICABLE I.E FORM 10A AND FORM 10AB. IF FORM 10AB IS APPLICABLE. THEN WHICH SECTION CODE IS USED FOR 12A AND 80G FINAL REGISTRATION ALONG WITH REASON IN CASE OF PROVSIONAL REGISTRATION PERIOD EXPIRED.
01-Sub clause (ii) of clause (ac) of sub -section (1) of section 12A
02-Sub clause (iii) of clause (ac) of sub-section (1) of section 12A
03-Sub clause (iv) of clause (ac) of sub -section (1) of section 12A
04-Sub clause (v) of clause (ac) of sub-section (1) of section 12A
4A-Item (B) of sub-clause (vi) of clause (ac) of sub-section (1) of section 12A
05-Clause (ii), of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (iv) of clause (23C) of section 10)
06-Clause (ii), of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (v) of clause (23C) of section 10)
07-Clause (ii), of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (vi) of clause (23C) of section 10)
08-Clause (ii), of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (via) of clause (23C) of section 10)
09-Clause (iii) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (iv) of clause (23C) of section 10)
10-Clause (iii) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (v) of clause (23C) of section 10)
11-Clause (iii) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (vi) of clause (23C) of section 10)
12-Clause (iii) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (via) of clause (23C) of section 10)
12A-Sub-clause (B) of clause (iv) of first proviso to clause (23C) of section 10( for applicants covered under sub-clause (iv) of clause (23C) of section 10)
12B-Sub-clause (B) of clause (iv) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (v) of clause (23C) of section 10)
12C-Sub-clause (B) of clause (iv) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (vi) of clause (23C) of section 10)
12D-Sub-clause (B) of clause (iv) of first proviso to clause (23C) of section 10 (for applicants covered under sub-clause (via) of clause (23C) of section 10)
13-Clause (ii) of first proviso to sub-section (5) of section 80G
14-Clause (iii) of first proviso to sub-section (5) of section 80G
14A-Sub-clause (B) of clause (iv) of first proviso to sub-section (5) of section 80G
GUIDE ME ON ABOVE MENTIONED ISSUE
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Ours is a Trust. We got donation from a reputed company but they deducted TDS of Rs. 50,000 under section 194 C for the FY 2022-23. Our Stat Auditor explained that our Trust cannot claim the TDS as we need to show that as income under section 194 C and disclaimed that TDS amount. We gave Utilisation Certificate to the Donor Company to the amount net of TDS. Now the Donor company asking us to return the TDS amount they deposited under our trust. BUt we did not claim that TDS. How to solve this issue?
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DEAR SIR,
IT'S NOT MANDATORY TO FILE FORM 10IEA FOR SALARY INDIVIDUAL OR THEY JUST CAN CHOOSE NEW TAX REGIME TO FILE INCOME TAX RETURNS.
ONLY BUSINESS OR PROFESSIONAL INCOME TAX PAYER MUST FILE FORM 10IEA FOR OPTING NEW TAX REGIME.
WHAT WILL HAPPEN IF AN INDIVIDUAL PAID ADVANCE TAX BY SELECTING WRONG MINOR HEAD MEANS U/S 115TD?
YOUR GUIDENCE IS VALUABLE
THANKS
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I have received notice 148 A , i am agriculturalist i have deposit Rs 57/ lakh cash in bank we received agricultural income we have not file income tax returns so how to reply this notice please guide us
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20% advance payment in appeal file to CIT(A) for income tax is to be paid of tax or total demand issued of demand notice issued u/s 156 for stay?
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I filed income tax return ITR-4 for the AY 2023-24 on 26.03.2024 by paying Rs 1000 as late fee but want to revise the return now. Is it possible to revise.
Plz advise
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dear Expert , In one of my case AO has made addition in Interest receivable @ rate of 9% as difference in market rate from own family members quoting interest charge is lower rate from interest in Market rate without invoking any provision of Incometax Act, simply made addition of 9%. whereas about 3-4 percent interest paying on the loan take from his own family members. Pl suggest me without invoking any provision of section 28 or 56 can he does that on estimate basis
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Previous RRR number