ITR AY 22-23 was filed in Dec 2022 with late fee, but could not verified in stipulated time.It was treated by Deptt that ITR never filed. Can updated ITR be filed before March 2023 Or any other remedy is available. Ld. Experts Opinions are welcome.....Thanks

ABC partnership firm received annual rent on Factory shed of Rs. 12 lacs. ABC partnership firm has borrowed money for the said factory shed and pays interest for the borrowed money. Whether interest can be allowable as deduction u/s 24b interest under the head house property ?

Dear Sir/Madam,
My client is a partner in a firm whose accounts are audited so he will file return only after the tax audit report is uploaded but the thing is he is getting notices of delayed filing of return and demand is raised, software does not have that option as in partner in a firm whose audit is done, I don't know how should I mention this in return so that notices are not issued by the department and how to rectify this.
Thanks in advance

Dear Sir/Madam
Challan accepting by bank are in new mode which is generated through Income Tax portal.
Various department deposit the tax in new mode where CRN alloted and challan validity up to 15days.
But the challan is not refelected in Oltas(tin nsdl).
How...? quarterly return of 26Q & 24Q will be submitted.
Thanking You

DEAR SIR

MY CLIENT IS AN TRAVEL AGENT ( SAY X ) PAID A AMOUNT TO TRAVEL AGENCY ( LIKE .: VIA ) ( SAY Y ) AND GET BALANCE IN HIS LOGIN ID AND ISSUED A TICKET TO CUSTOMER ( SAY Z).

ON ABOVE TREATMENT
Y IS PAID A COMMISSION FOR ISSUED A TICKETS TO X.
Z IS PAID WHOLE TICKETS AMOUNT TO X.

1. WHAT IS SALES ? (COMMISSION INCOME RECEIVED FROM AGENCY OR WHOLE AMT RECEIVED FROM CUSTOMER )

We are manufacturing of stickers and one of our party we have sold value 49 Lacs material.
Which IT section applicable to us 194Q or 206C. Last year our Turnover is Rs.1.10 Crore.

This a charitable trust Registered as a Society and is exempted u/s. 80G(5) of the Income Tax Act, 1961 (the "Act"). An individual wants to give an amount of Rs. 5 Lakh to this trust free of interest. The principal amount has to be repaid to him over a period of time.

The bye laws of the Society permit the Society to accept amounts from outside parties with / without securities.

Queries :
1) Should the amount received by the Society be shown as "Loan" in it's Financials ?

2) Is there any restriction under the Income Tax Act for the Society to accept this loan of Rs. 5 Lakh ?

Shall be thankful if a reply is received quickly.

Best Regards.

Sir,
A person is working in a company in switzerland get salary over there. After deduction of taxes in that country ,he send money in Indian.
Whether he have to paid taxes here also.
Please advise.

An individual being a senior citizen who is having business income as Share of Profit from business of a Firm which is exempt u/s 10(2A) has been levied interest u/s 234B and C. Also, the Individual is having a purchase of Rs. 1,00,000/- for his proprietary business activity. Please suggest whether the same will be payable especially in a case where senior citizens are exempt to pay advance tax u/s 207(2).

In general, for Form 24Q of TDS preparation, we CREAT a save file by way of giving file name F24Q3 for later use. After the next day or so we use the said draft file for the completion of work as well as validation. We use RPU of NSDL for TDS return. Can we do the said save file as TDS/TCS Input file name by renaming F24Q3.txt or by creating F24Q3 as a text file through notepad and the said text file be used as a save draft file for later use? Kindly send your valuable opening. Regards, Limpa Chakraborty