One of my client (partnership firm) applied for the pan & received on 23/03/2022 so I want to ask whether they need to file return for the same as a updated return or not required to file the return as there is no business in that 7 days period and actually business commence from 30/04/2022 means next financial year. should I file return for F.y.2021-2022 of that partnership firm or not?

I need a due diligence certificate from a CISA/ISA professional. Where do I get it for submitting TIN/NSDL to be come an Income Tax efiling intermediary.

Please Guide Us on How to Show The Forex Trading Loss In ITR (Forex Trading is through Exness and Other Forex Trading App)

Respected members, I want to form an Body Of Individuals and i am searching the format of the DEED , so can u please help me by sending me the deed on my e mail id or by posting it here. my Email :- jaihind20@gmail.com

Sir,

In FY 2020-21 My income from School Salary+ Tution Fees, Income from other Source interest from FDR and I Filed ITR-1. FY 2021-22 My income from Stitching of Cloth ( Business Income under Boutique ) Other source income from Tution fees and interest from FDR. But in Current FY 2022-23 my income is only School Salary+ interest from FDR so Can opted out from ITR-4 or every year i have to file ITR-4. so in this year can i go for ITR-1 is any problem face from IT department Please suggest

i am transferring every month a sum above Rs 50,000/- to dharmshala which has provisional approval of exemption u/s 80G (5) of Income tax act.

The above sum is paid as accommodation charges of staff members every month. And the same is shown as "BHET" (i.e. Donation) in the receipt.

I also claim deduction u/s 80G.

I just want to know whether i should deduct TDS u/s 194IB @ 5% (Being Individual)

Please advice

My mother has sold one society flat in December 2022 for ₹35 lacs.
Purchased in June 2016, Purchase Price was ₹20 lacs , stamp duty ₹140000 , registration fees ₹10000.
can we add stamp duty and registration fees in purchase price for indexation ?
we want to deposit this amount in capital gain scheme account.
Long tern capital capital is coming as ₹791818 (35L - 21.60L/264*331) , this amount we will deposit in bank account.

Dear Sir,
It would be under short term capital gain or long term capital gain in following conditions -

1. Residential plot purchased on April 2019.
2. Construction done during 2020.
3. House sold on July 2022.

Please clarify.

A PROFESSIONAL FILED ITR U/S 44ADA LAST YEAR BUT WISH TO GET AUDITED THIS YEAR, HIS TURNOVER IS LESS THAN 50LACS BUT PAYS A RENT OF ABOVE 50000 PER MONTH FROM THIS YEAR , SO IN SUCH CASE HE HAS TO DEDUCT TDS @5 % U/S 194IB?

THANKS IN ADVANCE

I had filed Income Tax Return for AY 2018-19 and got some refund too.

Recently, some errors in my Return has come to my notice, as a result of which I shall have pay to more tax instead of refund.

I want to file a revised Return now rectifying the earlier errors and pay the tax due.

What is the procedure ? Under which Section can I do it ? In addition to the tax due, what are the other amounts I shall have to pay (interest, penalty, etc) ?

Please guide me.