This Query has 1 replies
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?
This Query has 3 replies
Hello,
If inappropriate TDS is deducted by previous company, is new company's liablity to higher TDS for deduction of appropriate annual TDS deduction ?
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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.
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My client want to claim deduction u/s 35ad. Is there any form required to be filed seperately from itr and 3cb 3cd.
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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.
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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.
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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.
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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.
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Dear Sir/Madam,
A friend of mine in England (now deceased)has named me a beneficiary in his will.Inheritance taxes will be paid in England and then money will be transferred to my account in India.
My query is-
1)Do I report the amount in my ITR ,if yes then under what heading?
2)Will this amount be taxable in India, if yes then can I use DTAA scheme as tax is already paid in England.
SCENARIO 2-
1) If I was a non-resident for the year the money was transferred, will it make any difference for tax purposes?
2)Should I ask for transfer to my NRE or NRO account?
This Query has 2 replies
If a trust earned accrued interest on deposits but not received in the bank account. Is that interest taxable for the trust? Since that interest not actually received in the bank trust cannot apply it towards objects of the trust.
Interest income is shown on 26AS.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Selecting Tax Regime - Reg.