Partnership firm acquire loan from bank for construction of building . Partners of the firm getting rental income from the building and the same is paid to bank as EMI for the loan borrowed by the firm.My question is whether a partner can claim interest under section 24 b when he get rental income from building

Depreciation rate for Manual Hand Pallet Truck

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Salaries person Income tax slab rate for FY 2023-24.
Please provide.

Respected Sir.
Good afternoon
I am prepare Balance sheet for Sole-Proprietorship In new format (Non Corporate entities ) So where i Show proprietor has some deposit amount in PPF account and have some Insurance Health and other so can we insert one or two column in capital account,s format or note . In format have below
Name of Partner/ Proprietor/ Owner
"Share of profit/ (loss) %
As at 1st April 20XX (Opening Balance)
Capital Introduced/contributed during the year
Remuneration for the year
Interest for the year
Withdrawals during the year
Share of Profit / Loss for the year
As at 31st March 20XX (Closing Balance)
No mention any other detail so please provide your valuable suggestion

Can the updated return be filed after adjusting the refund with additional penalty of Rs.5000/1000 as the case may be?

Thanks in Advance

Mr A filed the return under section 139(1) for FY 2019-20 declaring income NIL. there was refund of Rs 6,600. He also received the interest of Rs 360 on this refund. The income was reported under the wrong heads in the original return.
He filed the updated return under section 139 (8A).
The income reported in updated return is NIL under correct heads of income. He also paid the additional tax payable of Rs 540 calculated as {(50% of (Tax + interest on refund)} + interest on refund i.e. {50% of (0+360)} + 360 under section 140B.
Is this return a valid return as the income reported is NIL but there are additional taxes paid calculated as per formula of 140B.

We have pay the TDS amount For Sec 194Q for the month of Jan-2023, on 04-02-2023, through Axis bank, Amount Debited but challan not generated. We check Traces Portal below error message showing what we do next. kindly Give the solution anyone sir / madam.

CRN has expired. You may create a new CRN for this payment by copying this challan for pre-filling same information. The entry will disappear from this tab after 30 days from the 'Valid Till' date.

Mr A filed the return under section 139(1) declaring income NIL.

The income was reported under the wrong heads in the original return. he wants to file the updated return under section 139 (8A). Can he do so?
What are his options.

As per the procedure prescribed for availing the donation under section 80GGC, individual salaried person is required a certificate of such from the employer... please mentioned exact provision and which rule or section contain the same, number of that rule or section.

Dear Sir,
i have finalize the balance sheet on mothly basis but i facing some problem when i am finalize the balance sheet like:
i am making the Balance sheet of Feb, 2023 and some bills are goods in transit situation which related from feb, 2023 so where how to show these "goods in transit bills" are showing in the monthly balance sheet ? and what is nature of thses bills like any subhead.