One of my client is not in favor of Filing Belated Return as he is a Salaried Employee having Income from Salaries, Other Sources, Capital Gains and Receipts on Transfer of VDA. However, would like to let you know that Receipts on Transfer of VDA are on higher notes, request you to kindly let me know with the consequences for Non-Filing of Income Tax Return.

Kindly advice.

Sir/Madam,

I Have question that My Client TDS Deducted at Higher Rate because his Pan & Aadhar Not Interlink. So, i want to know that my Client can Get Benefit of that Higher Amount of TDS which is Deducted by his Purchaser or Seller.??

One of my client earned commission income amounting Rs 1,11,60000 TDS on which is deducted under section 194 H. Now my query is that I dont want to do Tax audit of the same, can i file ITR by preparing proper accounts and avoid Tax audit?
Net profit declared by preparing accounts is more than 50%.

Please provide the process how to inform to the income tax department regarding non filling of income tax department because income is non taxable. IT deparment sending frequent remider for filling of income tax return which was skip by assessee but due non taxable income present and future assess is not ready to filing the inocme tax return earlier he just filled NIL tax return for loan purpsoe.

Sir,
It assessess last year's income tax filing details mentioned below
5 years total income rs:32,50,000/-
5 years total expenses rs:12,50,000/-
Question:
Assessess capital investment amount rs:32,50,000/- minus rs:12,50,000/- =rs:20 lacs amount correct.

Dear Sir, I have a query for TDS related.
1) We have received an Invoice for Rs.94,400/-(80,000/- + gst 14,400/-) with date.02.12.2023
2) We have received a Cr. Note for Rs.11,800/-(10,000/- + gst 1,800/-)with date.20.12.2023 against the above invoice.
Q1) Should we deduct TDS on 80,000/- ? or
Q2)Should we deduct TDS on 90,000/- (80,000/-(-)10000/-) ? after deducted Cr.Note. Kindly suggest us a solution. If any notification is there kindly suggest us. Thanks in advance.

DEAR SIR,

SECTION 80CCD(2) DEALS WITH DEDUCTIONS CLAIM AGAINST EMPLOYER"S CONTRIBUTION TOWARDS NPS OR ATAL PENSION YOJANA. IF EMPLOYER"S CONTRIBUTION PART OF THE SALARY THEN COULD CLAIM THE DEDUCTIONS UNLESS SHOULD ADD BACK TO THE GROSS SALARY AND DEDUCT.

REGARDS

WHILE FILING REVISED FORM 10B FOR THE A.Y.2023-2024 WE GOT BELOW MENTIONED ERROR . HOW TO RECTIFY

Error : Invalid MetaData One or more of the below attributes does not match in the uploaded JSON, please check and rectify: (i) PAN of Taxpayer (ii) Assessment Year (iii) Filing Type (iv) Form Code (v) CA Membership Number

I had purchased a property jointly with my wife and which will be fully financed by me. Now my wife has received an e-campaign notification asking a feedback on this SFT entry of property purchase. She has already filed and ITR and it's processed. What should be the feedback that should be selected

Dear Sir
I purchased Stock\Shares of large price (qualified as "High Value Transaction") in June 2022 and sold all of them after 1 month in July 2022.

While filing ITR2 i forgot to choose "Purchase of securities and units of mutual funds" category but only filled "Sale of securities and units of mutual fund" category

my question is : Do i need to refile an updated ITR2 or just mentioning sell details in Short term capital gains is sufficient?

Any information will be appreciated
Kind Regards
Rakesh