Pl note that I gave loan of Rs700000/ to a party .now the party is not returning my money.I want income tax department adjust this money for my taxes .How to start the process?

1. WHETHER UPDATED RETURN FILED U/S 139(8A) BECAME DEFECTIVE U/S 139(9) THEN SUCH RETURN CAN BE RECTIFIED OR CAN BE FILED U/S 139(8A) AGAIN?

2. While filing updated return, the payment of tax u/s 140B was wrongly shown under self assessment tax paid. Defective notice u/s 139(9) has issued asking valid proof of payment of tax as required u/s 140B. Can we use the same challan and file defective notice.

We are paying commission to a NRI firm situated out of India for export of goods out of India, whether TDS is required to be deducted. ?

Dear Sir,
I am associated with a Temple. My query is what is limit under Income Tax for acceptance of Donation by mode of Cash. Donation to Trust is not exempted u/s 80 G of Income Tax Act. Whether we can accept Donation by way of Cash up to 20000 without PAN and above 20000 with PAN ?

Our Consultant Says we should not accept Cash more then Rs. 2000/ . My understanding is the restriction is for donor and not to trust. TIll now if any devotee wish to give 5000 / we are insisting to pay ONLINE> Please guide what we should do as per INCOME Tax Act.

Sir/Madam - What will be tds rate for Mail Hoisting Services provided by Indian company.

Caselaws against 269SS for cash receipt of chit amounts

25-01-2024

From
CA Laxmi Mittal
Vapi

Sir!
Re. Not able to register at I.T. site of New TAN no.

1. After being redirected from TRACES site as Register as new user ---Deductor -- we are being redirected to I.T. e filing site for TAN registration
2. All details like PAN no., mobile, mail ID, address is filled , PIN Code & other details are not fetched. What is the problem pl..... We have tried several to register at IT site.
3. We have downloaded CSI file of the challans paid for December Quarter from |I.T. site .
4. Above all we have not with us challan no. & BSR code after payment of TDS as TDS is paid online. In debit advise, BSR code & challan no. is not mentioned.
5. TDS RPU-4.9 version , all details are being filled , Form 27A is generated , but error file is generated showing Invalid challan details i.e. BSR, Challan no.

Pl help us for
a. TAN registration at I.T. site or
b. Where to get BSR code & challan no. for the payment made by us. Bank is saying that for online payment they are not able to give challan no. & BSR code.

Seeking urgent reply pl.
Thanks!
CA Laxmi Mittal

Respected Sir
The sale of house property was in April 2033 ( long term capital gain )
The capital gain was not kept in capital gain account. The purchase of new house property will take place in Msrch 2024
Whether exemption will be available?
Please clarify
Thanks in advance

sir,
Disallowance under sec 43 (b) h can be attracted for assessees opting presumptive taxation of i.e. sec 44ad/sec 44ada/ sec44ae ?

whether 95% of cost of the assets to be depreciated over the useful life of the assets.
and also
when to be depreciated 50% in the year of assets Acquire.