Dear Sir,

I had filed an Income Tax Returns for an Assessee from A.Y. 2021-22 & onwards but unable to file Returns before 2021-22 i.e. for the period from A.Y. 2018-19, A.Y. 2019-20, A.Y. 2020-21 now I'm finding the Pending Actions from A.Y. 2020-21 & before, kindly advice.

Warm Regards,
Aditya Ghatge

1. Brokerage 2. Securities Transaction Tax ( S.T.T) 3. Stamp Duty 4. Stock Exchange Charges 5. Depositary Participant Charges 6. SEBI Turnover Charge 7. GST, etc

Whether these expenses related to purchase /sale of shares
In the case of purchase of shares to be added
in the case of sale of shares to be deducted.
While making journal entry of purchase and sale of shares.

WHEHER ITR 5 ( PARTNERSHIP FIRM) HAVING LOSS CAN BE FILLED OF F.Y.2021-22 UNDER UPDATED RETURN SCHEME?

*FY 2021-22 & AY 2022-23*

TDS Claimed in ITR - Rs 3,500 as appearing in 26AS as on ITR Filing Date 31-07-2022. ITR was processed and a refund was received.

Later after all due dates passed for filing ITR 139(1) & 139(4). The deductor deposited additional TDS which was deducted but not deposited earlier. Neither we had details amounting to Rs 7,500. The rectification request was submitted (Tax Credit Mismatch) but an additional claim of TDS was not admitted.

Now we are trying to file rectification with the option (Return Data Correction) but getting an error as below.
"Under Section 154 of Income Tax Act 1961, an application for rectification can be filed only to correct mistakes apparent from records. In the rectification request filed, it is found that an additional/reduced TDS/TCS has sought to be claimed. This is not a mistake apparent from record. Hence your rectification request cannot be entertained."

Any solution for the above error if anyone can suggest.

ASSET WAS PURCHASED IN THE NAME OF PARTNERSHIP FIRM. HUSBAND AND WIFE ARE THE ONLY TWO PARTNERS. CAN THE ASSET BE TRANSFERED AS A GIFT TO THEIR SON ?

Dear Sir,
I am trying to file validate 24Q form and getting error. T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
Please suggest how to solve this error and complete in TDS return filing process.

Our company Turn over Rs 1.00 Cr FY 22-23 Previous year Rs 1.15 Cr. Profit during the year Rs 4.85 Lakh. Carry forwarded Losses Rs 2.05 Cr and unabsorbed Depn Rs 30.40 Lakh. Now our questions are
1. Can we set off carry forwarded losses with current year profit if adopted new tax regime u/s 115BAA ?
2. Can we utilised unabsorbed Depn current year profit if adopted new tax regime u/s 115BAA ?
3. If we continue old regime carry forwarded losses to be set off on normal tax rate e.i.25%+Cess.
4. If we continue old regime carry forwarded losses or unabsorbed Depn which is utilised on Mat Tax Rate i.e 15%+ Cess.

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Being a new business in the present arena without any particular business code mentioned in the ITR nature of business, the Csp and csccentre'ss Itr filing turning out extremely confusing. Honourable experts kindly guide me on what ITR form is required for filing, also should we show only the commission received and the expenditure spent or does the entire set he documents have to be prepared for filing and what documents are required to do so, please guide me through the procedures.

Sir, purchase land , dt 27.2.18
co owner property
A.& B
Pur.Total Amt 580000/-
A.290000/- B 290000/-

Sale Total amt.295000/- dt.30.11.22
One person sold.
Itr 3 filing A
Plot pur.A. 290000
Sale total amt.295000 one person 100%
But ITR filing which sold amt consider?
Pur.property owner A 50% B 50%?
Sale amt.A.147500& B.147500
LTCG Calculate? &
ITR . full consideration value?
Cost of acquisition without indexation calculation?
Index A.calculation.290000/272*331=352904 B.calculation.290000/272*331=352904 LTC Loss A -205404 & B -205404
ITR. Correct calculation ?
Please. Sir solution.

Respected Sir,

I had filed a regular return of TDS for the Q-3 fy 22-23 wherein inadvertently Challan Number and the Challan amount both have been mentioned wrong and I want to make on-line correction. What to do in such a case. PLEASE GUIDE ME AND OBLIGE.