In A.Y. 2022-23 return filed within due to assesses having loss . In A.Y. 2023-24 Also assesses having loss but return not filed in time.

Q1). Loss for the year A.Y. 2022-23 we can carry forward as we have filed return in time and loss of A.Y. 23-24 can not be carry forward as return is not filed within due date.

Dear Experts,
Greetings!
In preceding financial year (i.e., FY 2022-23) our client has no turnover, but there is a receipt of share capital Rs.28Crores and Fixed deposit receipts Rs.48Crores during FY 2022-23
During FY 2023-24 my purchase value of Fixed assets from particular vendor exceeds Rs.3 Crores.
Can any one guide me whether 194Q is applicable for fixed assets purchased during the FY 2023-24 ?

In case the trust (medical institution) has been registered under sec.10(23C)(via) having total income exceeding Rs.5 crores, then which form applicable whether Form 10B or Form 10BB ?
And please clarify the total income without giving effect to sec.10(23C)(iv)(v)(via) means, how to calculate the total income for the purpose of selection of respective Forms.

I'm concerned if our WHT was deducted by a foreign entity under the DTAA agreement.
The amount of WHT is greater than our company's income tax liability.
Can someone clarify whether our company is eligible for a WHT refund, or whether we will get an income tax refund in India or not ?

A did not file her ITR for F/y 2021-22 (A/Y 2022-23) and she has a refund from her TDS as shown in AS26. Can she file ITR U to claim this refund? If not what is the process for her to claim refund of tax?

CAN WE CAPITALIZE PREVIOUS YEAR LOSS?
XYZ FIRM HAD LOSS OF RS 792452 IN A.Y 2022-23, IN A.Y 2023-24 THEY WANT TO CAPITALIZE THAT LOSS IN P&L RATIO .IS IT A VALID TRANSACTION ? IF YES HOW SHOULD I REPORT IT IN FORM 3CD?

My total turnover is 1,87 Crore with cash turnover more than 5% of the turnover during FY 2022-23. May I declare income U/S.44AD ?

Respected All

i have paid TDS on sale of immovable property(PAN TO PAN), but by mistake i paid tds challan two times

is there any way to get back that amount

please reply.....

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