MR. A HAVE RS. 12000 TDS IN HIS 26AS , CAN MR. A REDUCE HIS PENALTY OF RS. 1000 BY ADJUSTING FROM TDS RS. 12000 AND FILE ITR ?
OR HE NEED TO PAY PENALTY OF RS. 1000 ALSO ?

Dear Sir,

One of my client is into business of trading of Industrial products. I want to know can I file his Income Tax Return U/s. 44AD. His Turnover is below Rs. 50 lacs.

Please advise in this matter.

Regards,
Divyesh Jain

When there is a amalgamation then how to claim TDS & Advance tax paid by amalgamated co., while filing IT return.

Dear Expert,

I have a query regarding long term capital gain tax, I have invested in 3MF equity fund for long term. If i have profit of more than Rs 1 lakh in long term then how will tax be calculated on that because my question about that is, as per IT rules, if you have profit of more than Rs 1 lakh in a financial year If you get it, then you have to pay 10% capital tax, but I am not getting this capital gain in one financial year... because I have many more years invested.

Hi sir
I want know investment options for salaried class employees especially software engineers for FY 2022-23, FY 23-24.
Thank you sir

In case of a trust, for the A.Y 2022-23, Form 10 AB was (Renewal)filed for a Trust BY MISTAKE with out filing form 10A (Provisional). Now the question what is the fate of Assessment of the trust for the A.Y 2022-23
Please suggest

AT THE TIME OF SUBMISION OF FORM 27C ERROR IS SHOWING FOR INVALID ARN FORMAT.
KINDLY GIVE SOLUTION FOR THIS ISSUE.

If the payment is for providing any CSR services to the company itself or to beneficiaries NAMED by the company, then TDS will be attracted.

(For example, if you ask an NGO to train your staff on CSR related issues, then this would attract TDS under sec. 194J). This could also happen if the company nominates the CSR beneficiary participants. 

However, if the NGO has no discretion in identifying the participants or CSR beneficiaries and if the NGO is a mere implementation partner, TDS will normally be attracted.

Please let me know your views with relevant case laws or income tax or CSR provisions, if any

Sir

In IT concern , we pay to foreign company for server charges . need to dedcut tds ?
if yes 195sec ?
rate & section pls explain

1. Can the Hand loans be given through bank channels like NEFT, cheque etc or is it always cash loan.
2. Is the Hand loan always interest free or it can be with interest also?