Please Help us find Deferred Tax:
Book Profit - Rs. 3,84,888/-
Dep (Book) - Rs. 4,30,497-
Dep (IT) - Rs. 12,30,318/-

Only MAT Taxed @ 15% from Book Profit(ie, Rs.3,84,888) = Rs. 60,042/- {incl 4%Cess)

How to compute Deferred tax on the above case? Kindly help us on this pls.

My client had received notice us 148 for scrutiny under sectiin 147 for ay 19-20 on 31st march. Since then no new notice was received. Today they received a notice under section 154 for same ay 19-20. Reassessment and rectification are both different. What should be done in such a case and why did the department issue 154 notice with jurisdictional AO when the reassessment is under nafac

I had submitted Form10E to opt for new tax regime in August 2022 itself.
But I filed belated in September 2022 with old regime only as I was delayed.

This year also I filed belated ITR return in September 2023 with old regime only as it did not allow me to switch to new regime as I was delayed again.

Next year if I pay ITR on time, can I choose new tax regime?

Hello,

If inappropriate TDS is deducted by previous company, is new company's liablity to higher TDS for deduction of appropriate annual TDS deduction ?

Dear Experts,
We have made payments to Linkdlen Singapore for providing platform for posting jobs of our company. Linkdeln does not have PE in india. Please provide us with a solution on TDS deduction since the amount remitted is less than 1 lakh rupees in a financial year. As per law, I think there is no applicability of equilisation levy. Please provide a solution on this.

My client want to claim deduction u/s 35ad. Is there any form required to be filed seperately from itr and 3cb 3cd.

Sir,

A person is repaying loan near about 1lac per month ,which is business loan and car loan.
i want to know what would be net Income to meet such monthly expenses.As the person say his monthly income is 50k approx.his turnover is1.30cr.

last year i filled sec44 ada (profession) in itr4 and i want to invest in stock market and buy stocks, so if i purchase stocks this financial year do i need to switch to itr 3 if i donot sell any stocks this current year.?
Or can i continue using Itr4 unless i sell?
Thanks in advance.

Received notice from Income tax for AY 2021. for credit mismatch. My employer TAN is showing wrong TAN no. which not as per my 26 AS. Is it possible to rectify TAN no.

We are a civil contractor company, we have some schools as our parties when we raise invoice on them they deduct tds on gst portion also which results in difference in Sales as per GST and as per Income Tax. what is the solution.