I am getting run time error 9 in itr5 excel utility. Please provide solutions for the same.

PRIVATE LIMITED COMPANY INCORPORATED IN THE YEAR 2022, DURING FY 2022-2023 THERE WAS ONLY DEVELOPMENT WORK, WHETHER IT NEED TO FILE INCOME TAX RETURN ? IF YES THAN PROFIT AND LOSS SHALL BE NILL AND WHETHER IT IS COMPULSORY PREPARE BALANCE IN COMPLIANCE TO THE INCIAN ACCOUNTING STANDARDS SPECIFIED IN ANNEXURE TO THE COMPANIES RULES 2015 ?

Mistakenly stated the personal expenditure in Form 3CD as Rs. 35000. However, correct amount disallowed in income tax return which is Rs. 37000. There is no excess gain due to this and difference is only Rs. 2000.
Will there be any consequences while filing the tax return? Will Dept. take any action due to this?

Dear Sir/Madam,

Ours is a Bachpan PLay school - it is a franchise School, here Nursery, LKG and UKG classes are taken.

We want to file ITR for F.Y.2022-2023, it has gross receipts of 71 lakhs.
Can we file ITR 7 by claiming Exemption U/S 10(23C)(iiiad) of income tax Act.

We have not taken any 12A registration and other registrations .

And Pls let me know do we hv to file Form 10BB for the above case.

Please any body guide me on this.

Thanks in advance

Sir/Madam

Please clarify whether IT is to be deducted from gratuity paid to an employee who has resigned from the services of the company after serving for 11 continuous years.

I had sold shares and mutual funds worth 30 Lakhs 3 years back and the amount was deposited under 54F in CGAS scheme for purchasing the house as mentioned below.

>> Sale value of shares/equities: 30 Lakhs
>> Principal = 22 Lakhs
>> Capital Gain amount = 8 Lakhs
>> Amount deposited in Capital gain account t= 30 Lakhs

I am unable to use the complete amount deposited in capital deposit gain account even after 3 years.
According to me, now I need to pay tax at 10% of 8 Lakhs (Correct me, if I am wrong).
I was trying to declare the above in deemed capital gain section with entries as mentioned below
>> Section under which deduction claimed in that year = 54F
>> Amount utilised out of Capital Gains account = 0
>> Amount not used for new asset or remained unutilized in Capital gains account = 30 Lakhs
For above entries 20% of 30 Lakhs is considered as tax.

What is the correct way to declare the above in ITR so that the tax is 10% of 8 Lakhs.

What is the business code for petrol pump dealer in ITR filling

yes, i change my view. All assets to be given and even liabities to be given. i didnt see liabilities in al schedule, so was asking only debit balance to be given or all? anyways, its solved. thank u sir.

AL SCHEDULE ASKS DETAILS OF LOANS /ADVANCES TO OTHER CONCERNS.
DOES THIS MEAN PARTIES WITH ONLY DEBIT BALANCE (ASSET SIDE) AT YEAR END NEEDS TO BE REPORTED?

MY VIEW--> WE HAVE TO GIVE PAN, NAMES ETC OF ALL MONEYS BORROWED AND ADVANCED OUT , IRRESPECTIVE IF IT IS DEBIT BALANCE OR CREDIT BALANCE AT YEAR END.

Educational society claiming exemption u/s 11 until last year, is now wish to filed return of income by claiming u/s 10(23C)(iiiad). The accumulations which were kept u/s 11(2) can it carry forward as long as society claiming exemption u/s 10(23C)(iiiad)

Can business losses be set off against short-term capital gains and long-term capital gains.