Keyur
This Query has 1 replies

This Query has 1 replies

Sir,
Please let me clarify about tax refund release in our bank account if adhar card and pan card not linked ??

Tax Return is filed within due date and ITR V was sent at Bangalore office. Return is assessed and tax refund due to assessee.

thanks in advance


Chandra Kala
This Query has 1 replies

This Query has 1 replies

01 November 2023 at 13:13

INVALID ITR-7

Filed ITR-7 on dt:31/10/2023. But acknowledgement shows Invalid due to non verification.
We already verified. What is the reason


Khushal Rawat
This Query has 3 replies

This Query has 3 replies

31 October 2023 at 23:29

Discount/Incentive Received by Supplier

Dear Sir,
When buyer received discount/incentive from supplier at the time of payment. Supplier less above amount in buyer's ledger. Which is right way to adjust above income in buyer's book -1. Less Purchase cost, 2. Add other income in profit & loss a/c .


Kiran T
This Query has 1 replies

This Query has 1 replies

31 October 2023 at 23:28

TDS applicabilty on electricity charges

Hi Sir,
My company is paying monthly rent to a person for using his building and deducting TDS as per section 194 I as it is crossed the limit prescribed.Now he has raised a seperate bill for paying electricity charges for the period from April 2023 to August 2023. Is there any TDS applicability on these electricity charges ?


BISWAJIT MAIKAP
This Query has 1 replies

This Query has 1 replies

IS it MANDATORY to FILL STATUTORY FORM 10-IA FOR TAKEN DEDUCTION ON U/S 80DD Income Tax for Assessment year 23-24 (DEPENDENT PERSON /sister WITH DISABILITY) before 31 st October 2023?
The above said deduction of 80DD has already shown in form-16, then is it mandatory to show by filing form number 10-IA?


Vivek Narang
This Query has 1 replies

This Query has 1 replies

31 October 2023 at 17:32

80-IAC exemption query

Wanted to check on if the company wanted to utilize the tax holiday period for 3 years, does it have to pay Minimum alternate tax (MAT) during that period and will it be credited as MAT credit or does start up get exempted from MAT .


Kunjan
This Query has 1 replies

This Query has 1 replies

i want to purchsae a pagadi residential flat in mumbai. but stamp reckoner value is coming 3 times than what vendor of flat is asking as price.

56(2)(x) b is for immovable property and other that immovable propertry is 56(2)(x)c

is pagadi an immobable property?
my view--> no , its other than immovable properry. because, its a tenancy right in immovable property . We dont get bank loan also when we purchase it.


Lokesh
This Query has 4 replies

This Query has 4 replies

Hi Experts, If wife buys a plot on her own name but the cheque payment to builder was was paid by husband. Then will wife file the 26QB (1% TDS) or will Husabnd has to file the same?


C.S.MADHURANATH
This Query has 1 replies

This Query has 1 replies

20 November 2023 at 17:10

1% TDS ON SALE OF PROPETY

DEAR SIR, MY FRIEND IS PURCHASING A PROPERTY AND WANT STO DEDUCT 1% TDS SINCE THE PROPERTY AMOUNT EXCEEDS RS.50 LACS. SINCE 29TH OF THIS MONTH SHE IS TRYING TO DO THROUGH IT WEBSITE BY GOING TO E PAY TAX MENU BUT AFTER AUTOMATICALLY ENTERING THE BUYER'S DETAILS AND ASKING WHETHER SELLER IS RESIDENT AND IF THERE ARE MOE THAN ONE BUYER, IT IS SHOWING "CONTINUE" BUT IF YOU CLICK IT, IT IS NOT MOVING TO THE NEXT PAGE. A MESSAGE IS POPPING UP SAYING " SOMETHING WENT WRONG. CONTACT IT DEPT WITH" ITD EXEC 2002 ERROR". i CONTACTED CUSTOMER CARE OF IT DEPT AND SENT EN EMAIL TO THE ADDRESS GIVEN BY CUSTOMER CARE. STILL I AM UNABLE TO PROCEED FURTHER.
DOES ANY OF THE READERS/MEMBERS ARE FACING THIS KIND OF PROBLEM? IS THERE ANY SOLUTION FOR THE SAME? SINCE THE REGISTRATION IS SLATED FOR 2/11/2023.
THANKS & REGARDS


Atul Singh
This Query has 1 replies

This Query has 1 replies

30 October 2023 at 18:02

Investment recommendation

I have some funds in my NRE account which are currently invested in FD. These investments were tax free due to the NRE account. I came back to India a few months back and my status would now change from NRI to Resident and consecutively the investment will no longer be tax free.
What are my options where I can invest these funds where taxability is low or none.
Please give me some advice.






CCI Pro



Answer Query